- ICRA
- electric vehicles
- PM e-Drive
- EV sector
- growth
- network
- charging
- vehicles
- batteries india
Charging Infra, Govt Push And Battery Swapping Will Boost EV Adoption in 2025
- by Gaurav Nandi
- January 14, 2025

The adoption of electric vehicles (EV) in India is poised to see a boost in adoption numbers driven by a rapidly expanding charging network, growth in battery swapping models and government policies such as the PM e-drive.
The respective sector demonstrated strong momentum in 2024, with total sales reaching nearly 1.95 million units across segments. Industry experts see this growth trajectory continuing into 2025, supported by expanding charging infrastructure, battery swapping networks and favorable government policies.
Alluding to the performance of the sector in 2024 ICRA Corporate Ratings Senior Vice President Srikumar Krishnamurthy said, “Electric vehicles in India continued to gain traction in 2024 supported by factors like government incentives, changing consumer needs new product launches, technological advancements, etc. Nevertheless, the EV penetration levels remain modest, particularly in cars and trucks, though adoption in two-wheelers and three-wheelers and buses is better. The government’s policy measures remain supportive; the PM e-drive scheme is expected to aid faster EV adoption apart from the development of the EV manufacturing ecosystem. While the transition is gradual, the EV sector holds promise as a cornerstone for sustainable mobility, with significant growth potential in the coming years."
According to data from Vahan Dashboard 19,48,957 EVs were sold between January and December 2024. Electric two-wheelers dominated the market with sales translating to 1.2 million units followed by the three-wheeler segment that sold 6,94,466 units.
Meanwhile, the electric car segment continued to show steady progress with 99,848 units sold while the electric-bus sales experienced substantial growth increasing by 39% in CY2024, reaching 3,834 units.
Ola Electric dominated the two-wheeler segment with a 35.42 percent market share followed by TVS (19.49 percent), Bajaj (16.58 percent), Ather (11.08 percent) and Hero (3.78 percent).
In the three-wheeler passenger segment, Mahindra Last Mile Mobility led with approximately 10 percent market share, while Bajaj Auto demonstrated exceptional growth. The three-wheeler cargo segment saw Mahindra LMM maintaining leadership with about 11 percent market share, while Bajaj Auto showed impressive growth to capture 4.7 percent market share.
In the electric car segment, Tata Motors maintained dominance with roughly 62 percent market share, followed by MG Motor India at 22 percent, Mahindra & Mahindra (7 percent), BYD (2.85 percent), and PCA (2.19 percent), while in the electric bus segment, Tata Motors retained its leadership position with all major players showing significant sales growth.
2025 Outlook
Alluding to the sectoral outlook for 2025, Altigreen Propulsion Labs Chief Executive Officer Amitabh Sharan noted, “The electric vehicle industry in India stands at a transformative crossroads in 2025, with the market projected to reach USD 235 billion by 2030 at a remarkable CAGR of 49 percent. The sector will witness remarkable growth (especially in commercial vehicles) in 2025, driven by a combination of TCO benefits, technological advancements for better quality vehicles and driveability, and changing consumer perception towards EVs. However, the road to widespread EV adoption will need to overcome significant challenges viz-a-viz innovative vehicle financing, urban charging infrastructure, consistency in policy and regulatory framework, supply-chain localisation (for price parity with ICE) and very importantly skill development through industry-academia partnerships.”
Revfin Founder Sameer Aggarwal said, “2024 has been a defining year for India’s automotive sector, marked by accelerated adoption of electric vehicles, advancements in sustainability, and the integration of innovative technologies. Building on this momentum, 2025 is expected to be a year for EV adoption. With an intensified focus on developing robust EV charging infrastructure and scaling up battery-swapping networks, transitioning to electric mobility will become more seamless for consumers. Coupled with innovative financing models and targeted efforts to reach underserved markets, the industry is set to overcome accessibility barriers and make sustainable mobility a reality for all. Collaboration between automakers, policymakers, and technology providers will ensure a cohesive ecosystem, enabling India to lead the way in sustainable and inclusive mobility solutions.”
Godawari Electric Motors Director Hyder Ali Khan noted, “As we look ahead to 2025, we are excited about the robust expansion of our Eblu product portfolio, catering to the evolving needs of our customers. Additionally, we have some promising public and private orders in the pipeline, which will further accelerate our growth trajectory. We remain committed to driving innovation and sustainability in the EV sector and look forward to continued collaboration with our stakeholders to shape a cleaner and greener future for mobility.”
Zypp Electric Chief Executive Officer Akash Gupta revealed plans for 2025 along with the sector outlook and stated, “Looking ahead to 2025, Zypp Electric is committed to deploying 200,000 electric vehicles across the country in the next 12-18 months and we will double down on innovation, fleet expansion and partnerships to meet growing demand. We will focus on bolstering EV charging infrastructure, enhancing intelligent fleet management, and contributing to India's net-zero goals. Together, we aim to revolutionise last-mile logistics and make green mobility the norm for businesses and communities alike.”
On the components front, Automotive Component Manufacturers Association Director General Vinnie Mehta averred, “The Indian auto component industry is poised for robust double-digit growth in FY25, driven by strategic efforts to reduce import dependence and bolster exports. The electric vehicle component segment is witnessing remarkable year-on-year growth, propelled by the surging demand for sustainable mobility solutions. Key drivers include advancements in electric powertrains and battery systems, supported by increased investments in localization, R&D, and progressive government policies. These developments underscore the industry’s commitment to innovation, self-reliance, and establishing India as a prominent global manufacturing hub."
As India furthers its journey towards carbon neutrality within the mobility sector, EV adoption is slated to accelerate even in the luxury car segment. According to a news report citing Federation of Automobile Dealers Associations, the luxury EV market grew by 6.7 percent in 2024 despite decline in sales.
BMW witnessed the highest sales followed by Mercedes Benz India, Volvo, Audi and Porsche.
Image for representative purpose only
- KPIT Technologies
- Trentar Energy Solutions
- sodium-ion
- Ravi Pandit
- Subodh Menon
Trentar Energy Solutions Partners KPIT To Operationalise And Commercialise Sodium-Ion Battery Tech
- by MT Bureau
- February 12, 2025

Pune-headquartered leading mobility solutions company KPIT Technologies has announced a collaboration with Trentar Energy Solutions. As per the understanding, KPIT Technologies is set to transfer its sodium-ion battery technology to Trentar Energy Solutions to operationalise and commercialise it further.
It was in December 2023, KPIT unveiled its sodium-ion technology, which it claimed had 80 percent capacity retention for 3000-6000 cycles and offered faster charging capabilities compared to lithium batteries. Furthermore, given the abundance availability of raw materials, the sodium-ion battery technology would make for an ideal energy source for electrifying two-, three-, four-wheelers and public transportation, as well as in the marine and defence sectors.
The technology transfer agreement includes Trentar investing in the manufacturing capacity of 3GWH sodium-ion batteries and KPIT receiving upfront technology transfer fees and additional royalty fees over 8 years.
Ravi Pandit, Chairman, KPIT Technologies, said, “Building sustainable mobility technologies is at the heart of KPITs vision. Sodium-ion battery technology was born from the team's passion, perseverance, and synergetic collaboration with leading research institutes. We are pleased to have this agreement with Trentar, who will further operationalise and commercialise this technology for multiple market opportunities. KPIT will continue to work on several other sustainable technology solutions.”
Subodh Menon, Founder & Vice Chairman, Trentar, said, “With its cost-effectiveness, simplified supply chain, and enhanced safety, sodium-ion technology represents a strategic focus for our organisation. We are committed to developing a robust technological product line in this space, catering to diverse customers across mobility and energy storage verticals. This marks a significant step towards a more sustainable and scalable energy for the future.”
- Simple Energy
- Simple One
- Suhas Rajkumar
- TPMS
- electric vehicle
- electric scooter
Simple One Gen 1.5 With 248km IDC Range Launched At INR 166,000
- by MT Bureau
- February 11, 2025

Bengaluru-based electric vehicle start-up Simple Energy has launched the updated Gen 1.5 version of its flagship e-scooter, the Simple One. It claims the new version has an IDC range of 248km compared to the 212km on Gen 1.
Furthermore, the Gen 1.5 Simple One also gets new features thanks to the software capabilities such as – app integration, navigation, updated ride modes, park assist, OTA updates, regenerative braking, trip history & statistics, customisable dash themes, find my vehicle feature, rapid brake, tyre pressure monitoring system (TPMS), USB charging port, auto brightness, and tones/sound.
The updated model will continue to be priced at INR 166,000 (ex-showroom Bengaluru), which also includes a 750W charger. Existing Simple One e-scooter owners will also get the new features via software updates.
Suhas Rajkumar, Founder & CEO, Simple Energy, said, "At Simple Energy, we believe in truly understanding our customers’ needs and constantly refining our products to keep up with them. Our journey started with five years of rigorous R&D before launching our first product, and our passion for innovation has only grown stronger since. We know how important it is for riders to have a mobility solution without the stress of range anxiety. That’s why our team has been hard at work, introducing new updates to the Simple One – enhancing key features and extending the range to make every ride even more efficient. We’re incredibly happy to introduce the Simple One Gen 1.5, a smarter, more efficient ride. With our expansion plans in motion, we can't wait to bring the Simple experience to even more EV enthusiasts across the country.”
At present, the company has 10 stores across Bengaluru, Goa, Pune, Vijayawada, Hyderabad, Vizag and Kochi. Going forward, it aims to expand its presence to 23 states with 150 new stores and service centres.
- Mahindra #UnlimitIndia
- XEV9e
- BE6
- MahindraElectricOriginSUVs
Mahindra Launches Next-Gen Sales And Service Experience
- by MT Bureau
- February 10, 2025

With an engaging and immersive approach to SUV sales and service, Mahindra is revolutionising the automotive consumer journey. Inspired by its Heartcore Design concept, Mahindra's next-generation dealerships will provide a high-end, tech-driven and interactive experience for its whole range of ICE SUVs and Electric Origin vehicles, from showroom to service bay.
With a modern colour palette, dramatic lighting, intuitive technology and a seamless interaction, every element of the space in the revamped showrooms is crafted to evoke the sense of progressive design, intelligent innovation and refined elegance. To mark this transformation, Mahindra dealerships and service centres will host a nationwide celebration featuring personalised showroom walkthroughs, immersive test-drive experiences and interactive tech showcases. Visitors will get an exclusive chance to engage with expert sales consultants, enjoy themed giveaways and explore innovative financing options like the ‘Three for Me’ programme. This lively celebration culminates on 14 February, when reservations for all nine BE 6 and XEV 9e versions open at 9:00 AM.
Mahindra’s redesigned dealerships will provide a showcase of Mahindra’s breakthrough technologies, from the INGLO Electric Origin architecture to MAIA, as well as Sonic Studio Experience with a 1,400-watt, 16-speaker Harman Kardon system featuring Dolby Atmos. Moreover, 500 specialists from luxury and premium brands will provide tailored consultations to customers. On the after-sales front, Mahindra is setting a new benchmark with dedicated service bays for eSUVs, predictive diagnostics tailored for software-driven vehicles, strategically located nationwide network for seamless EV battery care and a 400-strong team of Mahindra Tech Experts, supported by engineers from Mahindra Research Valley (MRV).
Additionally, Mahindra is introducing CHARGE.IN, a specialised EV charging vertical with over 350 professionals providing customised charging solutions. CHARGE.IN will provide uncomplicated electric mobility through home charger installations and smooth interaction with India's fastest-growing DC charging network. Furthermore, Mahindra's Me4U app, which offers real-time order monitoring, test drive reservations and car analytics even prior to delivery, will improve the whole ownership experience from pre-sales to sales and after-sales. Featuring live vehicle status, remote controls and energy management post-delivery, the app is set to provide seamless integration with 50 percent of India’s fastest-charging DC chargers by March 2025.
- Volkswagen
- Entry-Level Electric Model
- ID. 2all
- Electric Vehicles
Volkswagen Teases Entry-Level Electric Model At Works Meeting
- by MT Bureau
- February 07, 2025

The CEO of the Volkswagen brand, Thomas Schäfer, revealed ideas for the core brand's future at a recent works meeting in Wolfsburg. A glimpse of the upcoming entry-level electric car from the Volkswagen brand was also shared with staff members for the first time. In early March, Volkswagen intends to unveil the new entry-level model's show car to the public. The production model is expected to make its global debut in 2027. The new entry-level electric vehicle will appeal to a wide range of user groups due to its basic price of under EUR 20,000.
One of the main pillars of the brand's future strategy will be affordable entry-level mobility in the electric age. The new electric vehicle is a member of the new electric compact car family that was created under the Volkswagen Group's Brand Group Core, together with the production version of the ID. 2all. Compact all-electric cars based on the latest phase of the modular electric drive (MEB) platform's development are part of the model family. As Volkswagen's first all-electric compact vehicle, the production version of the ID. 2all will be the first new model to hit showrooms in 2026. It will start at less than EUR 25,000.
Emphasising that the Wolfsburg plant would remain the heart of the Volkswagen brand in the electric age, Schäfer said, “The Wolfsburg plant has a clear perspective for the future. The agreed relocation of the Golf to Mexico will free up space for advanced technologies. In Hall 54, new production procedures will be introduced. We intend to produce the electric Golf successor on the new SSP platform there, as well as the high-volume electric T-Roc. This way, we will be making Wolfsburg the capital of our new all-electric compact class.”
Cavallo, Chairperson of the General and Group Works Council of Volkswagen AG, said, “As the heart of the Group, Wolfsburg will face crucial tasks which we intend to tackle with determination. Technical Development will be performing pioneering work for all the other passenger car brands with the SSP platform, which will be used throughout the Group. This lever will be just as important for our future success as our platform strategy for our current ICE models. At our main plant, we will not only be working on development but also producing strongly over the next few years. The future electric flagships – the Golf and the T-Roc produced in Wolfsburg – currently represent a volume in excess of 500,000 units per year. The main plant has therefore secured a highly attractive vehicle segment and will be continuing the tradition of the Golf from Wolfsburg, which has a history of more than 50 years. It will now be crucial to work consistently on the preparations required for success in the years to come. The Board of Management will need to deliver and to set a new course in terms of complexity, work procedures and synergy effects. The Works Council and top management will cooperate closely on these developments. Our cooperation will include a joint progress meeting every quarter.”
Comments (0)
ADD COMMENT