- Gig
- Z1
- Ola Electric
- PowerPod
- personal
- commercial
- application
Gig And S1 Z E-Scooters From Ola Electric
- by MT Bureau
- November 26, 2024

Ola Electric has launched the Gig and S1 Z range of scooters at an introductory price of INR 39,999 ex-showroom and INR 59,999 ex-showroom respectively. As part of the range, the Gig+ model is available at a price of INR 49,999 ex-showroom and the S1 Z+ is available at a price of INR 64,999 ex-showroom. The bookings for the Gig and S1 Z range of scooters are open at an amount of INR 499.
Designed and engineered to include removable batteries (, the new range is aimed at personal and commercial use at a rural, semi-urban and urban level. Aimed at a broad spectrum of customers with affordability the buzzword, the Gig and S1 Z range of e-scooters will be commercially available from April and May 2025 respectively. An interesting feature that the four e-scooters under the Gog and S1 Z range is the ability of their portable batteries to double up as an inverter using the Ola PowerPod. The Ola PowerPod in-turn could power home appliances!
With an impressive IDC-certified range of 112 km and a top speed of 25 kmph, the Ola Gig – with its removable 1.5 kWh battery, a hub motor and 12-inch tyres – of the four new e-scooter model offering, is solely aimed at B2B purchases and rentals.
The Gig+ is built for gig workers that travel longer distances with heavier payloads. With a top speed of 45 kmph, the e-scooter comes with a removable single/dual battery of 1.5 kWh each.
The IDC-certified range is of 81 km and the e-scooter – powered by a hub motor with a peak output 1.5 kW – will enable gig workers to maintain optimal city speeds and maximise their earnings by fulfilling their order runs quickly.
Aimed at urban commuters, the Z1 – as a stylish and performance-oriented e-scooter – featuring removable dual batteries of 1.5 kWh each with an IDC-certified range of 75 km (146 km X 2) – has a top speed speed is 70 kmph.
Sporting an LCD display, a physical key, the machine is powered by a 2.9 kW hub motor, can clock 0-20 kmph in 1.8 seconds and 0-40 kmph in 4.8 seconds.
As a dual-usage electric scooter designed for personal as well as light commercial use, the Z1+ sports removable dual batteries of 1.5 kWh each with an IDC-certified range of 75 km.
With a top speed of 70 kmph, the electric vehicle features 14-inch tyres, an LCD display and a physical key. Powering it is a 2.9 kW hub motor.
Speaking about the development, Bhavish Aggarwal, Chairman and Managing Director, Ola Electric, averred, “At Ola, we are committed to taking the EV revolution to every nook and corner of the country. With the launch of the Ola Gig and S1 Z range of scooters, we will further accelerate EV adoption, catering to a wide range of personal and commercial use cases with affordability, reliability, and safety as the co pillars. The new range of our scooters also features portable batteries that can double up as an inverter using the Ola PowerPod and power home appliances allowing for more efficient use of batteries.”
- JSW MG Motor India
- MG Windsor EV
- MG Windsor Pro
MG Windsor Pro With Higher Range & Updated Tech To Be Launched On May 6th
- by MT Bureau
- May 02, 2025

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.
- Wardwizard Innovations & Mobility
- Joy e-bike
- Joy e-rik
- Yatin Sanjay Gupte
Wardwizard Maintains Profitability in FY25 Despite Revenue Decline, PAT at INR 63.6 Million
- by MT Bureau
- May 01, 2025

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.
- Ajay Dhiman
- OPG Mobility
- Okaya EV
- Subros
- Honda
- Renault
- Nissan
- Sonalika Group
- Anshul Gupta
OPG Mobility Appoints Ajay Dhiman As President, COO & CTO To Lead EV Business
- by MT Bureau
- May 01, 2025

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.”
- Maharashtra Electric Vehicle Policy 2025
- Devendra Fadnavis
- subsidies
- incentive
Maharashtra Government Announces INR 19 Billion EV Policy 2025 To Drive Green Vehicle Adoption
- by MT Bureau
- April 30, 2025

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."
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