Toyota made a splash in India recently by showcasing a flex-fuel hybrid vehicle. This amounted to a logical step in its efforts to highlight its work in the area of alternative fuel technologies soon after it supplied the Union Transport Minister, Nitin Gadkari, with a hydrogen fuel cell car. The year 2022 has been a year of much action and words in the area of alternative fuels in India. The Brazilian Ambassador to India, d. Andre Aranha Correa Do Lago, said in his speech at the recent SIAM Annual Convention that Brazil and India are the two largest sugarcane producers and have the potential to produce enormous amounts of ethanol. “Brazil will work with India on flex-fuel technology, sustainable aviation fuels, second generation ethanol, hybrid flex-fuel vehicles, fuel cells etc.,” he averred. 

At the same event, Gadkari mentioned that through innovation, science, research, technology and entrepreneurship, the auto industry should convert knowledge to fuel and devise alternative fuel technologies. Stating that the petroleum product import is amounting to INR 16 trillion and is a challenge for the country, he averred, “I am happy to see good growth of electric vehicles across segments. Around 1.5 million EVs have been registered and the overall sales figure is up by 162 percent. The sales growth of electric two-wheelers is 425 percent, electric three-wheelers is 75 percent, electric four-wheelers is 230 percent and electric buses is 1,600 percent. The number of new start-ups in the domain is 250.” In October 2022, Chinese electric automaker BYD announced the launch of its second electric vehicle in India in the form of an electric SUV called the Atto 3. It will commence sales starting January 2023. 

As electric vehicles continue to gain strength across segments, it is the two-wheeler segment that seems to gain in sales numbers the most. No surprise then that Taiwanese electric two-wheeler major Gogoro is expected to launch electric scooters in India soon. The company has been having a tie-up with Hero MotoCorp in India for some time now and the two are said to be working on developing a battery swapping technology that is suitable for the local and regional requirements. Hero MotoCorp and Gogoro are not the only ones; there are other companies too – like Sun Mobility – that are already working on battery swapping technology. 

With the need for smart grids and a battery charging infrastructure growing as part of the thrust towards alternative fuel technologies to achieve net-zero carbon emissions, the question being asked is: which alternative fuel technology will finally triumph with efforts being made in various areas and directions? A portion of the auto industry is betting on hydrogen as the ultimate alternative fuel. Another portion of the industry is betting on flex-fuel and other alternative fuel technologies, including various gases like LNG and CNG. 

With countries like Russia banking on gaseous fuel as a means to reduce carbon emissions since they are available in abundance there, it is countries like India, which imports 85 percent of the fuels, that needs to find out what it has in abundance and select as the alternative fuel of choice, mentioned an industry expert from Europe. He added that a unique alternative fuel technology from India could actually lead to a global breakthrough and help mobility advance in a new direction altogether. With the possibility of such a disruption always present, the current situation is looking a bit unorganised with a variety of alternative fuels being taken into consideration. 

On one hand, CNG stations are being increased and commercial vehicle operators are taking to it, while on the two-wheeler level, it is the electric vehicle technology that is gathering pace. The most diverse are the efforts at the passenger car level, where Maruti Suzuki and Toyota seem to look at hybrid and flex-fuel, whereas the ones like BYD, MG and Tata Motors are looking at electric to go net-zero carbon. The investment in BS VI technology, which promised water at the tailpipe through emissions cleaner than the air, is yet to fructify for some or many automakers and the call for rapid development in alternative fuel technologies is being summoned. 

With sustainability being the mantra as the auto industry in India sees good days after a prolonged slowdown, the high inflation and resulting steep increase in vehicle prices is already threatening to spoil the party. A point of worry being that if the work on alternative fuel technologies is affected as inflation is likely to bite harder in 2023, the need to keep global temperatures from rising above the 1.5-degree Celsius mark stays. The auto industry is expected to contribute the most and also ensure sustainable, affordable and desirable mobility at the same time.  A tightrope walk beckons as the mantle of alternative fuel technologies can’t be abandoned. 

One thing is clear that what holds for India is what India has in abundance. Like Russia has gas, India could do well in developing technologies that can create gas from waste and other means available locally in abundance. Rather than politicising city waste that is often dumped just outside the city, it will serve if it could be turned into fuel to power automobiles as well as industrial furnaces and other machines. Afterall, despite all the efforts in electrification and other alternative fuel technologies, roughly 95 percent of the vehicles that continue to sell the world over are still powered by IC engines!

JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.

The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.

Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.

The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."