The Tamil Nadu Technology Development & Promotion Centre of Confederation of Indian Industry (CII) organised the EV Summit 2022 with the theme “Indigenization of EV Supply Chain in India”.
Hans Raj Verma, IAS, Chairman & Managing Director, Tamil Nadu Industrial Investment Corporation Ltd, Government of Tamil Nadu, said, “The Hon’ble Chief Minister of Tamil Nadu has a vision to make Tamil Nadu a $1 trillion economy by 2030 and this can be made possible with the much-needed EV push. Tamil Nadu is a very vibrant economy and Chennai is the EV Capital of India apart from being called the Detroit of Asia. The government welcomes EV companies to set shop and we are willing to assist them in every possible way.”
Tamil Nadu has two auto and electronic industrial clusters complimenting and supporting each other, a press release said. One of the clusters – the Sriperumbudur cluster has majors such as
Hyundai and Foxconn while the second being the emerging Hosur-Krishnagiri-Dharmapuri cluster with players like Ola, Ather, and more establishing their presence.
Rajesh Kumar Pathak IP & TAFS, Secretary, Technology Development Board, Department of Science & Technology, Government of India, said, “The Technology Development Board is looking to fund and support disruptive technology including the EV Space. We welcome startups including startups in the EV domain to share their proposals as the INR 1000 crore Private-Public Partnership model for funding startups which would be launched shortly.”
He further said that the EV Summit was organised in the backdrop of the Government of India push to enhance national energy security, mitigate adverse environmental impacts from road transport vehicles and boost domestic manufacturing capabilities for electric vehicles.
Additionally, with the Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme to stimulate the market of EVs in the country, de-licensed the charging infrastructure business and specified guidelines and standards for charging infrastructure for electric vehicle thereby opening up the market of public charging infrastructure & ensuring a roadmap for development of charging infrastructure, and introduced various financial incentives to reduce upfront cost of EVs and charging infrastructure.
Mahesh Babu, Chairman - EV Summit and Director & Chief Executive Officer, Switch Mobility, said, “The Indian EV Industry has seen a fundamental transformation in the past decade and it is very critical for India to further transform in the coming decades. The current outlook for EVs is optimistic as the sector has seen the evolution of several trends that that are defining the growth of EVs.
EV adoption can be seen across different vehicle segments as well as different business segments. The electrification of vehicles has started gaining momentum and has opened new mobility avenues for India to tap into. India is all set to position itself as one of the leading marketplaces for Electric Vehicles (EVS)”.
Dr V Sumantran, Board of Director, Switch Mobility, said, “India is a very different market when compared to other countries. It has been repeatedly seen in many domains and will be seen in the EV space too. The potential for EV in the two-wheeler market should be tapped further as Indians use more of two wheelers compared to other vehicles. To build a stronger ecosystem, companies should talk to each other, resulting in an exchange of ideas. A consortia should be formed to help the domain grow at a faster pace.”
The Indian automobile industry is the fifth largest in the world and is expected to become the third largest by 2030. As per India Energy Storage Alliance (IESA), the Indian EV industry is expected to expand at a CAGR of 36 per cent while NITI Aayog aims to achieve EV sales penetration of 70 per cent for all commercial cars, 30 per cent for private cars, 40 per cent for buses and 80 per cent for two and three-wheelers by 2030.
Prideep Kumar, Assistant Vice President, Caresoft Global, said, “The key influencers for the Indian EV market to grow is the Range, Technology, Design Disruptions and Profit.”
P Ravichandran, Former Chairman, CII Tamil Nadu & President, Danfoss Industries, said, “Tamil Nadu should find its own space in the EV space even as the TN Government is keen to strengthen the EV industry while launching major schemes to promote indigenization of supply chain.” (MT)
Ola Electric Begins Mass Deliveries Of 4680 Bharat Cell Powered Vehicles
- By MT Bureau
- December 08, 2025
Ola Electric has announced the commencement of mass deliveries of its 4680 Bharat Cell-powered vehicles. The S1 Pro+ 5.2 kWh is the first product to be powered by the company’s indigenously manufactured 4680 Bharat Cell battery pack, which delivers more range, better performance and enhanced safety.
With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house.
The S1 Pro+ 5.2 kWh is powered by a 13 kW motor, offering acceleration of zero to 40 kmph in just 2.1 seconds. It comes with an impressive 320 km range (IDC with DIY mode).
The S1 Pro+ features four riding modes (Hyper, Sports, Normal and Eco) and also offers enhanced safety with category-first dual ABS and disk brakes in the front and rear. It also gets enhanced ergonomics and comfort, a two-tone seat with supportive foam, body-coloured mirrors, a die-cast aluminium grab handle, rim decals and an expanded colour palette comprising Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue and Midnight Blue.
“The excitement for S1 Pro+ has been phenomenal. Deliveries are now in full swing, and customers are proudly riding India’s first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India’s journey towards becoming a global EV hub. With the national rollout starting soon, we are now ready to take this breakthrough product and technology to every corner of the country,” an Ola Electric spokesperson said.
Trinseo Launches Fourth-Generation Binder For The Next Wave Of EV Batteries
- By MT Bureau
- December 03, 2025
CATL And Stellantis Begin Work On EUR 4.1 Billion Spanish Battery Plant
- By MT Bureau
- November 28, 2025
CATL and Stellantis broke ground on a EUR 4.1 billion battery plant in Figueruelas, Spain, on 26 November. The 50:50 joint venture will produce lithium-iron-phosphate battery cells and targets an annual production capacity of 50 GW/h.
The project, which is Spain’s largest battery factory, is backed by over EUR 300 million in EU funds, with production expected to start in late 2026.
According to unions, around 2,000 Chinese workers will help construct the site, a point of contention with local authorities and residents. Also, 3,000 Spanish staff are to be hired and trained later.
Spanish authorities and residents have voiced concerns about job opportunities for local workers and potential strain from the influx of foreign employees. CATL Vice President Meng Xiangfeng said earlier in November the company needed experienced technicians to build and fine-tune production lines, with plans to train local workers to take over operations gradually.
David Romeral, Director General of CAAR Aragon, a network of automotive businesses in the region, said: “We don’t know this technology, these components – we’ve never made them before. They’re years ahead of us. All we can do is watch and learn.”
The regional government is organising work permits for arriving workers while seeking to attract battery supply chain companies to Aragon. Some Chinese technicians and managers have already arrived, with several hundred more expected by year-end and nearly 2,000 by the end of next year.
CATL’s approach contrasts with its Hungarian site in Debrecen, where it hired mostly locals to build its European plant. However, a lack of local workers caused production to be delayed from late 2025 into mid-2026. The Figueruelas facility will serve as CATL’s third European manufacturing operation, alongside the Hungarian plant and one in Germany.
- Neuron Energy
- Equanimity Ventures
- Rajiv Dadlani Group
- Thackersay Family Office
- Chona Family Office
- Pratik Kamdar
- Rajesh Sehgal
- Rajiv Dadlani
Neuron Energy Secures INR 310 Million To Expand EV Battery Manufacturing For Four-Wheelers & Buses
- By MT Bureau
- November 27, 2025
Neuron Energy, an EV battery manufacturer, has raised INR 310 million in a Pre-Series B funding round led by Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office and Chona Family Office, with participation from Family Offices and HNI investors. With this, Neuron Energy has raised INR 810 million to date.
The funding will be used to expand Neuron Energy’s manufacturing capacity to 3 GWh and to establish a fully automated, large-scale battery facility for electric four-wheelers and buses at Chakan, Pune. The capital will also strengthen the company’s R&D capabilities, accelerate domestic growth, and broaden its footprint in international markets.
Pratik Kamdar, CEO and Co-Founder, Neuron Energy, said, “This Pre-Series B round is a defining step in our mission to industrialise world-class battery manufacturing in India. As EV adoption accelerates, we are focused on building capacity, embedding automation, and pushing the boundaries of performance and reliability. This investment ensures we can deliver at scale, both in India and globally.”
The company said it operates with a low-CapEx and low-OpEx business model. It has been growing profitably year-on-year and is on track to achieve INR 2 billion in revenue this year. The company is also confident of achieving sales of over INR 9 billion, with profitability, over the next few years.
Rajesh Sehgal of Equanimity Ventures, added, "We see immense potential in Neuron Energy’s approach to EV battery innovation and scalability. Their focus on quality, automation, and energy efficiency aligns with the evolving demands of the EV industry in India and beyond. We are proud to support their next phase of growth as they scale into new vehicle categories and manufacturing capacities."
The new facility reinforces the company’s position in two-wheeler EV batteries and signals a strategic entry into heavier vehicle segments. This supports Neuron’s vision to become a comprehensive EV battery solutions provider.
Rajiv Dadlani, from the Family Office of the Rajiv Dadlani Group, said, "Neuron Energy demonstrates remarkable potential to become the market leader, with their renewed focus, in delivering top-quality products. The company and its founders are highly committed to delivering rigorously tested and safe-to-use Li-Ion smart batteries. We are confident that they will continue to thrive and set new standards in the industry."
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