Bengaluru-based electric two-wheeler major Ather Energy has signed a Memorandum of Understanding (MoU) with Infineon Technologies Asia Pacific, a global leader in semiconductor solutions, to accelerate innovation in the Indian electric vehicle industry.

The partnership will focus on advancing semiconductor technologies to support light electric vehicles (LEVs), charging infrastructure and safety. As per the understanding, Infineon will bring its expertise on cutting-edge semiconductor, microcontrollers and automotive related sensors solutions, while Ather will bring its expertise in designing electric two-wheelers.

Swapnil Jain, Executive Director and CTO, Ather Energy, said: “At Ather, we’ve always believed that building great EVs starts with getting the fundamentals right –  performance, efficiency and reliability. Our approach has always been grounded in first principles thinking and deep engineering, questioning how every system can be made better, faster and more efficient. That’s where semiconductor innovation becomes critical. Infineon’s leadership in semiconductors and system solutions brings deep expertise that aligns with our engineering-first approach. Our partnership with Infineon gives us access to advanced technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost. We’re looking forward to seeing how this collaboration can help us push the boundaries, not just for our products, but for the larger EV ecosystem in India.”

Peter Schaefer, Executive Vice President and Chief Sales Officer, Automotive, Infineon, said: “India is one of the fastest-growing EV markets globally, and electric two-wheelers are at the heart of this transformation. We are thrilled to partner with Ather Energy to enable the next generation of sustainable mobility solutions. Our advanced SiC and GaN technologies will help drive energy-efficient and high-performance electric vehicles. This partnership will foster innovation that contributes meaningfully to India’s ambitious objective to reach a 30 percent sales share for EVs by 2030.”

The partners will explore sensing and safety innovations to enhance vehicle safety and user experience.

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Ola Electric, a leading electric two-wheeler maker in the country, has announced its financial results for FY2025. Although the company continued its leadership position in the market, its revenue fell marginally to INR 46.45 billion in FY2025 from INR 51.26 billion last year.

In spite of the revenue drop, Ola Electric continued its leadership in the electric scooter segment, shipping 359,221 units in FY2025, compared to 329,549 units in FY2024. The growth came mainly from the strong performance of its enhanced Gen 3 S1 scooter range, allowing the firm to attain 30 percent market share, based on VAHAN data.

The company stated it is making a big push towards profitability, led by two main internal initiatives: ‘Project Lakshya’ and ‘Project Vistaar.’

Under Project Lakshya, Ola Electric has a target cost structure of INR 1.10 billion for its auto business. The company has been able to bring down costs impressively to INR 1.21 billion in April 2025 and is likely to reach the INR 1.10 billion target in June 2025.

To supplement this, Project Vistaar, launched in November 2024, was network transformation-centric. The effort has significantly enhanced delivery time (from 12 days to 3-4 days), optimised inventory management and facilitated same-day delivery through its "HyperDelivery’ facility. Consequently, Ola Electric grew its footprint to emerge as India's largest EV distribution network in FY2025 with over 4,000 touchpoints, of which over 50 percent were in Tier 3 and rural markets.

These strategic actions have helped Ola Electric lower its auto segment EBITDA break-point structurally to below 25,000 units per month. This reduced level, combined with expected industry expansion, growing S1 market share, and the recent launch of motorcycles, sets the company up to achieve Auto segment EBITDA profitability during FY2026.

Ola Electric stated that early signs in April and May 2025 indicate encouraging business traction, with higher Gross Margins (excluding the benefits of PLI) and lower operating expenses. The company also noted stronger monetisation through add-ons, with Gen 3 sales more than doubling that of Gen 2. Encouraging demand for the recently launched Roadster Motorcycles is also supporting this encouraging trend. It expects this healthy performance to sustain, resulting in Auto segment EBITDA profitability in FY2026.

The launch of the Gen 3 S1 portfolio in Q4 FY2025 contributed significantly to the company's enhanced Gross Margins. For Q1 FY2026 posted a further 10 percentage point increase in Gross Margins over Q4 FY2025. This result will benefit further from the ramp-up in the Gen 3 platform. Significantly, the gross margins as of date do not account for PLI benefits for Gen 3, which will accrue in Q2 FY26. The company estimates its Gross Margins to be around 35 percent for Q2 FY2026 with PLI.

Ola Electric's S1 lineup continues to be extensive, with almost 1 million units sold in 14 products in Gen 2 and Gen 3. The Gen 3 platform provides 20 percent more peak power, 20 percent more range and an 11 percent price cut compared to its predecessor. The company further pushed mass segment EV penetration via its S1 X, which experienced a 3.5x year-on-year rise in deliveries to 196,123 units in FY25.

It was just recently that the company has begun deliveries for the Roadster X electric motorcycle, which it said addresses a significantly underpenetrated segment. The Roadster X comes with a mid-drive motor, chain drive, and onboard MCU for improved performance and safety. A first in the industry in the Roadster X series is the implementation of flat cables in the motorcycles.

The company is also scaling up output at its Ola Gigafactory, with the yields of its indigenously created ‘Bharat Cell’ continuing to improve. The cell is under rigorous testing of performance, lifecycle, safety and phased commercialisation can be anticipated in the months ahead. The phased rollout strategy is designed to balance supply chain synergies, maintain quality consistency and collect real-world performance data prior to mass commercialisation.

Ola Electric indicates that FY2026 will be a year of scaling revenue and riding operating efficiencies to drive sustainable profitability. With a strong product roadmap, vertical integration, strong R&D emphasis and building out distribution and service infrastructure.

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Vadodara-based Wardwizard Innovations & Mobility, an electric vehicle manufacturer under the 'Joy e-bike' and 'Joy e-rik' brand, has partnered XiCon International, a Mumbai-based engineering and manufacturing company and a subsidiary of Kaiser Corporation.

Under the partnership, XiCon will lease 7,500 Wolf+ electric scooters from Wardwizard to enhance last-mile delivery solutions, marking its entry into the electric mobility sector and expanding its diversified portfolio across power, telecom and infrastructure.

The EV maker will supply the e-scooter in the next two years, across key cities including Mumbai, Ahmedabad, Delhi and Pune, with plans to expand to other regions as operations scale.

The MoU also outlines a comprehensive framework for deployment, operation and maintenance of the electric scooters, focusing on enhancing delivery efficiency while promoting eco-friendly transportation. In addition, to supplying e-scooters Wardwizard will also be responsible for setting up service-cum-charging stations and manage all necessary spare parts, batteries and technical support.

XiCon on its part will manage vehicle allocation, third-party tie-ups, app development and marketing initiative to ensure maximum utilisation.

Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Limited, said, “At Wardwizard, we are committed to accelerating the adoption of electric mobility in India through strategic partnerships and innovative business models. Our association with XiCon International is a significant step toward building a robust ecosystem for last-mile connectivity powered by clean energy. By offering reliable and scalable EV solutions, we aim to not only support delivery services but also contribute to India’s larger goal of sustainable urban mobility. We are starting with some major cities and are sure to expand to further cities by the end of this year”

Lyla Mehta, Director, Xicon International, said, "This MoU with Wardwizard marks a pivotal moment in our mission to build more sustainable and effective delivery systems. Through this association, Xicon is actively electrifying its fleet and contributing to the advancement of sustainable mobility. The Wolf+ scooters are perfect for navigating city streets and will allow us to provide a truly eco-friendly and affordable option for those critical final miles of delivery. We’re look forward to seeing the electric scooters on the road and to grow this partnership for mutual and long-term benefit."

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Terra Motors India Pvt. Ltd marked its entry into the competitive L5 segment with the launch of the Kyoro+ with a range of 170-180 km.

This electric passenger vehicle – an autorickshaw – is capable of carrying 4 passengers and can accelerate from 0-28 kmph in 5.6 seconds. It can attain a top speed of 55 kmph, gets a 5 yrs/120,000 warranty. With a good ground clearance of 180 mm, the vehicle is equipped with a 11.7 kWh battery. The Kyoro+ is priced at INR 365,000 on-road.

Speaking at the launch, Go Suzuki, Managing Director, Terra Motors India, and Terra Charge, said, “Terra Motors will initially look to capture 5-8 percent of the L5 electric three-wheeler market.”

The company is projecting an ambitious 30-40 percent annual rise in market share. By the end of 2025, it aims to increase production capacity to 5,000 units.

Toru Tokushige, Founder and CEO, Terra Motors, mentioned, “India represents our strongest commitment globally. At Terra, we aim to lead the market through continuous innovation, with a goal become No.1 in shaping the future of electric mobility. Seeing KYORO+ hit the roads in India will be a proud moment for us. I am confident that our vehicle’s efficient design and performance will set new standards in the electric vehicle market.”

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India’s electric mobility transition is entering a decisive phase with public transportation emerging as the flagship for decarbonisation. At the 4th East and Northeast Energy Conclave held in Kolkata, A.K. Saxena, Senior Director at The Energy and Resources Institute (TERI), laid out an ambitious yet structured roadmap for how electric vehicles—particularly electric buses—can catalyse a cleaner, more inclusive transport future for India’s eastern and northeastern regions.

The event, organised by the Indian Chamber of Commerce, brought together policymakers, energy sector leaders and infrastructure experts to deliberate on regional energy transition strategies. Saxena’s keynote address stood out for its clarity on India’s electric mobility outlook, emphasising that public transport electrification must lead the charge.

Data-driven rollout in Kolkata

TERI’s work with the West Bengal Transport Corporation served as a case in point. The state aims to deploy 1,200 electric buses in Kolkata and Saxena revealed how technology and granular data are at the heart of this transformation. “We carried out a comprehensive traffic survey using GIS mapping and drone analytics to understand routes, congestion points and energy demand,” Saxena said. The insights helped identify optimal locations for EV charging infrastructure across the city.

The approach reflects a broader shift in India’s energy planning—from top-down mandates to data-driven micro-planning. Saxena emphasised that charging infrastructure is not just about installation but about siting, access, demand forecasting and grid-readiness. “The efficiency of public EV fleets hinges on planning that is grounded in real-world usage patterns,” he noted.

National push

In tandem with regional projects, the event also marked the launch of a new EV web portal and a short film on decarbonising public transport, both developed by TERI. These tools aim to enhance public awareness, empower local governments and standardise best practices.

Saxena pointed to TERI’s development of the e-Amrit portal for NITI Aayog—a national dashboard for EV adoption—as another example of institutional capacity-building in the e-mobility space. The platform offers guidance on EV incentives, vehicle types, charging options and ecosystem partners. “Digital platforms like e-Amrit can help streamline decision-making for city planners, fleet operators and even individual consumers,” Saxena added.

Broader energy transition

But Saxena was clear that electric mobility cannot be addressed in isolation, it must be integrated into a larger energy transition framework. He pointed out that e-mobility needs to be powered by clean, renewable energy and not simply displace tailpipe emissions with upstream fossil fuel usage.

“India must ensure that new incremental energy demand from EVs is met through renewables plus storage, not coal,” he said. TERI’s own roadmap recommends phasing out inefficient coal plants and meeting new demand growth through clean sources, particularly solar, wind and hydro.

Battery storage and pumped hydro have been prioritised as key enablers, especially for regions with variable renewables and peak demand mismatches. Saxena cited examples such as the Purulia and Turga pumped storage plants in West Bengal and Aparindavati in Odisha as vital to integrating e-mobility sustainably.

Coordinated ecosystem

One of Saxena’s boldest proposals was the formation of an East and Northeast Energy Transition Council. This cross-state platform would allow for better coordination between utilities, transport agencies and regulators. He argued that states like Odisha, Bihar, Assam and West Bengal can benefit from collaborative planning, especially on issues like charging infrastructure interoperability, storage strategy and renewable energy synergies.

He also floated the idea of setting up solar parks and EV charging corridors specifically tailored for intercity public transport routes. “Kolkata to Bhubaneswar or Guwahati to Shillong could become future-ready with fast-charging lanes,” Saxena said.

On the urban distribution front, Saxena advocated for the creation of distribution system operators (DSOs), specialised agencies tasked with managing decentralised energy flows including bi-directional EV charging, rooftop solar integration and grid balancing. “With vehicle-to-grid technologies on the horizon, the distribution system can no longer be passive,” he asserted.

Inclusive transition

Saxena closed his remarks with a reminder that India’s energy transition must be socially just and inclusive. Electrification of transport must not leave behind regions dependent on fossil fuels or traditional automotive sectors.

“Coal mining communities and internal combustion engine industries must be given retraining opportunities, livelihood alternatives and transition finance,” he said. Public transport electrification, he argued, presents an opportunity not only to cut emissions but to create green jobs, especially in battery servicing, EV manufacturing and smart infrastructure installation.

He acknowledged that the economics of EVs, especially in public fleets, may not yet be universally favourable. “But if we keep waiting for perfect conditions, the transition will remain academic,” Saxena said. “At some point, bold decisions have to be made.”

As India eyes near-universal e-mobility by 2040, Saxena’s remarks offered a realistic yet optimistic roadmap. The push to decarbonise public transport backed by smart tools, local data and clean energy is not just about vehicles. It is about shaping cities that are cleaner, healthier and more equitable for the future.

And in the alleys and arteries of Kolkata, India’s next mobility revolution may already be taking shape.

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