Altigreen, a commercial electric vehicle maker, inaugurated its latest retail experience centre in Hadapsar, Pune on Friday. This is the company’s eighth retail dealership in India in a span of two months. As per the company, the experience centre will allow EV enthusiasts to access Altigreen’s range of electric cargo vehicles. Additionally, the commercial electric vehicle maker claims that its electric 3W offering, neEV recently achieved the feat of completing a 150+ kilometre intercity drive, between two places in Karnataka – Mysore Palace and Bangalore Palace – on a single charge, in about six hours.

For the partnership, Altigreen opted to go with Jubilant MotorWorks, a dealer partner for Audi and MG Motor. The Altigreen-Jubilant MotorWorks showroom in Pune was launched at the hands of Rashmi Urdhwareshe, President at SAEINDIA and Former Director, ARAI.

Speaking on Jubilant Motorworks’ partnership with Altigreen, Amit Jain, CEO, Jubilant Motorworks, said, “It’s a momentous occasion for us to partner with Altigreen in chiselling the future of mobility in the country. We are aligned with the recent e-mobility trends and already see a massive potential driven by the nation’s agenda of electrification. We are extremely happy to be able to introduce eco-friendly mobility and a sustainable future into our business fabric. We introduce the full range of Altigreen’s premium quality vehicles for the first time in Pune at Jubilant Motorworks’ facility in Hadapsar.”

“We were one of the early movers during the onset of EVs in India,” Jain further cited and continued, “The adaptability today is something we saw coming. Altigreen has a value system we believe in, and we create deep and long-lasting relationships.”

According to Altigreen, every element of the dealership has been designed to lend a welcoming feel, especially to all those walking in, including autorickshaw drivers, small business owners and people from all walks of life. The company intends to ensure that the dealership reflects Altigreen’s ethos of respect and empathy, and its endeavour to gain the trust of consumers through transparent dialogue.

At the inauguration, Dr Amitabh Saran, Founder and CEO, Altigreen, said, “With the launch of this new retail experience centre in Pune, we are steadily building a strong nationwide network to cater to the rising demand for commercial EVs in the country. For now, Maharashtra is the only state where we now have two retail experience centres. As a homegrown company, we take great pride in delivering Made-in-India products. We are investing significantly to strengthen our production and R&D capabilities while developing a robust pan India distribution network to offer the best and cleanest last-mile transportation. We are happy to continue our partnership with Jubilant Motorworks, now in Pune as well, and deliver world-class products in multiple vehicle categories.”

Sharing his views more in depth, Dr Saran asserted, “Whenever we do any of our dealerships, it’s not just about the vehicle, but giving respect to the customers / auto drivers as well – which we all usually tend to give only if there’s a strike. When we started looking at this space, we thought that it must be something that can compete with what’s on the roads. In a country like India, where diesel vehicles, ICEs, etc. have been doing a fabulous job, the EVs have to be at least as good as them. The idea is to ensure that no matter in what capacity we are doing this, there should be a pride of ownership.”

Urdhwareshe, who was the chief guest at the event, put across her thoughts, too, in terms of EVs and Altigreen’s journey. She averred that EVs is a different segment and serves a very important purpose in addressing the transportation needs of the urban, rural areas and more.

“I have seen the struggle they have been through, finally arriving at a product that is fit to rock the market,” she went on to say and continued, “I can see that the product is really clean in nature. I am also very happy that Altigreen decided to position in the three-wheeler segment. Moreover, for the three-wheeler segment, the cost of ownership holds the most significance.”

Highlighting her thoughts on the Altigreen-Jubilant MotorWorks partnership, she expounded, “Having three-wheelers and their commitment to green mobility is very unique. Jubilant MotorWorks and Altigreen have excellent commitment to it.” She further addressed the audience saying that she would like to appeal to them to share their experiences with the transport authorities, so that it will encourage other users to shift to electric mobility. 

While at the inauguration, several customers were also invited up on the dais, who were given keys to Altigreen’s electric three-wheeler.

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."