Everrati Automotive Limited has announced a new strategic partnership with Aria Group, experts in low-volume specialist manufacturing and composites, to meet the surging US demand for the electric Porsche 911 redefined by Everrati. 

Headquartered in the UK, Everrati is a technology company redefining icons through the integration of the very latest electric vehicle (EV) powertrains, the company said in a release. It said every product incorporates Everrati’s in-house developed OEM-standard powertrains.  

The company said Aria’s expertise and state-of-the-art manufacturing and composites facility, based in Irvine, California, enables Everrati to take advantage of proximity to accelerate delivery times and meet the US demand.  

The combination of Everrati’s OEM quality EV powertrains combined with Aria Group’s extensive Porsche 911 ‘restomod’ experience is a compelling proposition for customers, the release said. 

Aria Group has expertise in low-volume, high-end vehicle engineering and manufacturing, supporting world-leading OEMs and reimagination specialists. It has experience in creating vehicles for both Singer Vehicle Design, and Radford Motors (with its Type 62-2).  

The 911 (964) redefined by Everrati range consists of Coupe, Targa & Cabriolet in narrow body, wide body and officially-licenced Gulf Editions. Its flagship Signature wide-body features a 500bhp, 500Nm EV powertrain with a high power state-of-the-art battery pack, capable of delivering an electric, emission-free driving range of up to 200 miles and sub-4-second 0-62mph acceleration.  

Justin Lunny, Founder and CEO, Everrati Automotive Limited, said, “I am absolutely delighted to announce our agreement with Aria Group. It is a world leader in the precision build of specialist high-performance vehicles and the perfect partner for Everrati as we rapidly expand our global footprint. Like Everrati, Aria Group is an expert in the provision of the highest quality, custom iconic cars, adding OEM-grade engineering and manufacturing, resulting in the highest possible quality products. Demand for our electrified icons, such as the Signature edition – based on the Porsche 911 (964) – is surging globally, but particularly in California where our customer base of sustainability-conscious Millennials and Gen-Z’s is growing very quickly indeed. These discerning buyers want the look of an icon but would never consider ICE. For them, EV is the only way to go.” 

Lunny added, “Aria Group has played a key role in the manufacture of so many world-leading performance cars and this new agreement means we are perfectly positioned to bring the unique Everrati experience to a region with extraordinary potential. The build of our first car in Irvine is already well underway and I cannot wait to deliver it to our Californian customer in the coming months.”  

Clive Hawkins, President and CEO of Aria Group, said, “Over many years, Aria Group has garnered a reputation as a leader in the low-volume, high-end vehicle engineering and manufacturing space. Everrati’s products, such as the redefined Porsche 911 (964), set new standards for electrified iconic vehicles and we are excited to be playing a key role in the company’s expansion into the US market.” (MT)

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."