- Tesla
- geopolitical situation
- US
- Elon Musk
- China
- BYD
- price decrease
- electric
- EV
- performance
- passenger vehicles
- revolutionary
- charging
- technology
BYD Slashes Vehicle Prices; Launches Revolutionary EV Charging System
- By MT Bureau
- March 19, 2025
With Tesla facing some difficulty due to the geopolitical situation concerned US and its owner, Elon Musk as the man close to US President Donald Trump, it is China’s BYD that has announced lowering of prices of its electric performance passenger vehicles. According to a report in Yahoo News, buyers of BYD electric vehicles will have to spend no more than US$ 10,000 to acquire one for themselves. Not only undercutting domestic competitors BYD seems to be gearing up to undercut its global competitors like Tesla as well.
Besides announcing that its EVs will start at US$13,688 and feature ‘God’s Eye’ advanced driver assistance system as standard, BYD has also announced a revolutionary charging technology that works nearly as fast as a fill up. The ultra-fast EV charging system includes flash-chargers that can provide a full charge for its latest EVs within five to eight minutes. The time taken is similar to the amount of time needed to fill a fuel tank of an ICE vehicle.
Planning to build more than 4,000 new charging stations across China, the electric vehicle maker has been refining its battery and energy storage technology over time. Expanding its auto empire outside China, the company is known to claim that its one-megawatt flash chargers will provide power for up to 400 km in five minutes.
BYD founder Wang Chuanfu is known to have said in a recent statement that ultra-high voltage and a large current are required to maximise charging speeds. To completely solve users' anxiety over charging, our pursuit is to make the charging time for EVs as short as the refueling time for fuel vehicles, he elaborated.
Its flash-charging system relies on silicon carbide power chips with voltage levels of up to 1,500-volt. Developed in house, the system works to ultra-fast charge the Blade lithium-ion phosphate batteries found in BYD vehicles. The Blade battery technology of the Chinese company is considered to the world's safest and most efficient. Even Tesla is said to have taken to use blade batteries in some of its EVs, acknowledging its benefits over other battery technologies, sources in the EV industry claim.
BYD reported a sale of over 4.3 million new energy vehicles last year, up 41 percent when compared to the sale of 1.8 million battery electric vehicles and 2.5 million plug-in hybrids in the corresponding period the year prior.
In India, BYD unveiled the Sealion range of performance electric cars in January 2025 at the Bharat Mobility Global Expo 2025. It has been steadily expanding its reach in the country’s growing EV market, which is dominated in the passenger vehicle space by players like Tata Motors, JSW MG Motors and Hyundai Motor India among a few others.
- Amara Raja Energy and Mobility
- Harshavardhana Gourineni
- Amara Raja Group
- Vikramadithya Gourineni
- Jayadev Galla
Amara Raja Reports INR 5.2 Billion Net Profit For Q2 FY2027
- By MT Bureau
- November 03, 2026
Amara Raja Energy and Mobility has announced its financial performance for Q2 FY2027, reporting revenue from operations of INR 38.43 billion, up 13.43 percent increase compared to INR 33.88 billion a year ago.
The profit before tax and exceptional items stood at INR 2.5 billion for the quarter ended September 30, 2026, compared to INR 2.8 billion in the same period of the prior year. For the half-year ended September 30, 2026, revenue reached INR 78.84 billion as against INR 67.38 billion in the previous half-year, while profit before tax stood at INR 5.2 billion.
The company attributed the performance to demand in the automotive battery aftermarket and original equipment manufacturer segments, home energy operations and stationary telecom battery packs.
Harshavardhana Gourineni, Executive Director of Automotive and Industrial, Amara Raja Group, said, "Robust OEM demand across 4W and 2W, together with healthy aftermarket volumes, drove domestic revenue growth of over 10 percent, while Industrial UPS grew over 7 percent. International demand remains strong, but geopolitical shipping disruptions have temporarily limited our ability to fulfil it. As logistics normalise, we are confident of accelerating growth."
Vikramadithya Gourineni, Executive Director of New Energy Business, Amara Raja Group, said, "We continue to see strong volume growth, led by the stationary segment, while our Giga Factory-1 in Telangana remains on track. With the Telecom sector rapidly shifting to lithium, we are confident of sustaining our market leadership through this technology transition. Our BESS plant is also expected to come online next month, further strengthening our capabilities across the energy storage value chain."
Jayadev Galla, Chairman and Managing Director, Amara Raja Group, "We delivered a solid performance this quarter. Our Lead Acid Business continued to perform strongly, supported by broad-based traction across segments, while the New Energy Business maintained its growth momentum. The progress on our Giga Factory remains on track, reinforcing our confidence in building a strong, future-ready energy platform."
Olectra Deploys 35 Electric Buses In Chhatrapati Sambhajinagar
- By MT Bureau
- November 02, 2026
Olectra Greentech has introduced 35 air-conditioned electric buses in Chhatrapati Sambhajinagar, which was formally inaugurated by the Chief Minister of Maharashtra, Devendra Fadnavis, on 1 November 2026, at the Divisional Sports Complex.
The e-buses have been deployed to support the Chhatrapati Sambhajinagar Municipal Corporation for modernising public transport network. Operated by Evey Trans, passenger services are scheduled to begin on 2 November 2026, across various urban routes.
The 9-metre electric buses feature monocoque construction, blade battery technology, front and rear air suspension, disc brakes, an Antilock Braking System and regenerative braking.
Passenger amenities include air curtains at doors, CCTV systems, digital destination boards with integrated announcement announcements, vehicle location tracking, USB charging points and digital instrument clusters.
Olectra Greentech operates over 4,500 electric buses across more than 55 cities, accumulating over 750 million green kilometres.
Mahesh Babu, MD, Olectra Greentech, said, "India is making remarkable progress in its transition towards cleaner and more sustainable public transportation. The introduction of 35 Olectra electric buses in Chhatrapati Sambhajinagar is another important step in making clean, reliable and efficient mobility a reality for more people. With 4,500+ Olectra electric buses on the road across more than 55 cities, covering over 750 million green kilometres, we believe the true measure of progress is not just the number of buses deployed, but the positive impact they create on everyday mobility, passenger experience and the environment. We thank the Government of Maharashtra and Chhatrapati Sambhajinagar Municipal Corporation for their continued trust and support. Olectra remains committed to shaping the future of sustainable public transportation through innovation and reliable electric mobility solutions."
- EKA Mobility
- Pinnacle Industries
- VDL Pinnacle Engineering
- Instor India
- Pinnacle Seatings and Interiors
- Sudhir Mehta
- VDL Groep
- Mitsui & Co
EKA Mobility Inaugurates 6 Manufacturing Facilities Supported By INR 35 Billion Investment
- By MT Bureau
- October 31, 2026
Pune-headquartered EKA Mobility and Pinnacle Industries have inaugurated six manufacturing facilities across Maharashtra and Madhya Pradesh as part of the EKA 'Avirbhava' event in Pune.
The group has invested over INR 35 billion in its manufacturing platform, alongside an R&D investment exceeding INR 6 billion. The expansion brings the group's total footprint to 11 manufacturing units across 120 acres, with an annual production capacity of over 40,000 electric commercial vehicles.
The newly opened sites include an SCV plant and a Bus & Trucks plant in Pune, the VDL Pinnacle Engineering plant, the Instor India facility for EV bus body structures and battery enclosures, a Pinnacle Seating and Interiors unit in Pune and Pinnacle's bus and rail seating plant in Pithampur. EKA Mobility reported a YoY sales growth of 1,243 percent in H1 FY27 and holds an order book of over 11,000 buses valued at USD 1.7 billion.
The company operates as a Champion OEM under the Indian Government's Automotive PLI Scheme, backed by 300 intellectual properties and a workforce of 6,000 employees, including 1,000 R&D engineers. Operations are supported by telemetry software EKA Connect, which tracks 1,500 vehicle parameters every half-second while retaining data within domestic servers. Internationally, the firm has deployed electric buses in Zanzibar and small commercial vehicles in Nepal, with assembly plants being established in South Africa and Australia.
Sudhir Mehta, Founder & Chairman, EKA Mobility and Group Companies, said, "EKA Avirbhava marks a defining milestone in our journey of building a future-ready, globally competitive manufacturing ecosystem rooted in India. The inauguration of six manufacturing facilities across our group reflects our unwavering commitment to innovation, indigenous engineering, sustainable mobility, and manufacturing excellence. These facilities are more than infrastructure; they represent our vision of creating world-class capabilities, generating meaningful employment, nurturing talent, and contributing to India’s emergence as a global manufacturing powerhouse. As we take this significant step forward, we remain focused on delivering transformative mobility solutions that create lasting value for our customers, our nation, and future generations."
"We have always believed that commercial EVs are about more than vehicles. The diversity of our product portfolio is not an accident. It is a conscious idea, because to make a real difference, we must impact every Indian and every traveller. That means looking at mobility holistically: goods and passengers, from the first mile to the last mile. Public transport is the backbone of India. Until we make it accessible and affordable for all, we will not have achieved our vision, and no amount of technology matters if it does not reach the people who depend on it every day. Our products, their performance and their profitability are an example of how sustainability can be profitable for all: for the operator, for the passenger and for the country. That is why we have built all this, the plants, the engineering and the technology, in India, for India," added Mehta.
Montra Electric Partners VFRYT To Supply 50 Electric Commercial Vehicles In Chennai
- By MT Bureau
- October 30, 2026
Montra Electric has partnered with Chennai-based logistics platform VFRYT, supplying 50 electric commercial vehicles to support the launch of VFRYT's on-demand commercial vehicle booking service.
The agreement integrates Montra Electric's Super Cargo eCX d+ vehicles into VFRYT's logistics platform, which connects fleet operators and owner-drivers with businesses requiring intra-city freight transportation.
VFRYT's platform uses GPS, SIM-based and FASTag tracking, alongside artificial intelligence-enabled monitoring to provide real-time shipment visibility. The initial VFRYT fleet comprises approximately 185 electric vehicles alongside diesel and CNG options, with Montra Electric's units deployed across its channel mobility partner network in Chennai prior to planned expansion into other Indian regions.
The Montra Electric Super Cargo eCX d+ features a 13.8 kWh battery delivering a range exceeding 150 kilometres per charge, a cargo capacity of 170 cubic feet and telemetry integration via the One Montra App. The vehicle includes a five-year battery warranty and a chassis designed for commercial freight operations.
Jalaj Gupta, Managing Director, Montra Electric, said, "For electric commercial mobility to scale, the business case must be as compelling as the technology itself. The real opportunity lies in integrating electric vehicles into the everyday flow of commerce and ensuring they create tangible value for the businesses that depend on them. By connecting our vehicles with an on-demand platform like VFRYT, we are expanding opportunities for their deployment while bringing electric mobility closer to the daily realities of Indian logistics."
Pradeep Murali, Founder & CEO, VFRYT, said, "Our vision at VFRYT is to make commercial transportation more accessible, transparent and efficient through technology. This collaboration with Montra Electric is an important step towards bringing sustainable mobility into the everyday logistics ecosystem. We aim to give businesses greater access to efficient transportation solutions through our on-demand platform, while accelerating the adoption of electric mobility and supporting cleaner urban logistics. We believe that the convergence of technology and electric mobility will play a key role in shaping the future of goods transportation in India."

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