Mercedes-Benz launched its luxury electric vehicle, the EQS 580 4MATIC, on Friday. The vehicle was launched at the hands of the Minister of Road Transport and Highways, Government of India, Nitin Gadkari, at the Mercedes-Benz India plant in Chakan, Pune. India is the first market outside Germany to manufacture the EQS 580 4MATIC, claims Mercedes-Benz.

The luxury carmaker also states that the EQS 580 4MATIC is the company’s first ever locally manufactured EV in India and the 14^th ‘Made-in-India’ Mercedes-Benz model. The local manufacturing underlines Mercedes-Benz India’s global competencies accomplished in flexible production at its manufacturing facility that now produces series, Maybach, AMG and luxury EVs, under one roof.

The EQS 580 4MATIC is launched at a price of INR 15.5 million (all India ex-showroom), according to Mercedes-Benz. The car comes with a vehicle warranty at three years and a battery warranty of eight years/unlimited kms. As per Mercedes, the Service Ease Maintenance package price starts as low as INR 0.1 million. Plus, there will be priority delivery for Mercedes-Benz customers.

Speaking on the occasion, Martin Schwenk, Managing Director and CEO, Mercedes-Benz India, said, “The EQS 580 4MATIC is our first locally manufactured EV in India and will play a pivotal role in driving our ambitious EV plans for the market. It is a perfect blend of technology, luxury and safety, pioneering numerous tech features for our customers. India is the first country outside Germany to manufacture the EQS 580 4MATIC, and this unique distinction underpins Mercedes-Benz India’s deep customer commitment and long term vision for developing the luxury EV market here.”

He further added, “The manufacturing of EQS 580 4MATIC in India is a key milestone and a strong testament to our state-of-the-art manufacturing prowess and our commitment to the vision of ‘Make-in-India’. It reiterates our relentless focus on developing the local market, creating value for customers and introducing future-ready products, combining the best of luxury, technology and safety. The ‘Made-in-India’ EQS sets a very high benchmark in the entire Indian automotive market, and combines luxury and technology like no other modern EV in the market.”

Sharing his thoughts, Vyankatesh Kulkarni, Executive Director and Head of Operations at Mercedes-Benz India, said, “The roll-out of the EQS in India as the first market outside Germany is a very proud moment for our plant, and confirms our commitment towards ‘Make-in-India’. It highlights our manufacturing prowess and global competence in handling complex assembly processes for a sophisticated and technologically-advanced product like the EQS.”

Kulkarni further went on, “Today, we achieve a rare distinction in flexible production, as we manufacture series cars, Maybach performance AMGs, and now luxury EVs, all under a single roof. This feat is only possible with the gradual transition of our plant into electrification, smart manufacturing processes and upskilling the workforce towards a transformative future. It has been a great journey to reach a historic moment of a ‘Green plant running on 100 percent green energy and manufacturing green product’. This truly underlines our commitment towards sustainability. With the EQS 580, we have opened avenues for the best of technologies, sustainability and luxury, for our discerning customers to be ‘Made-in-India.’”

Product highlights
According to Mercedes Benz, the EQS 580 4MATIC comes with a drag coefficient from 0.20. This contributes to the luxury saloon being India’s longest-range EV, with an 857 kilometre range (ARAI certified). Additionally, it offers a high-power density of the lithium-ion battery, with a usable energy content of 107.8 kWh, and is equipped with a 400 volt battery, manufactured using the latest lithium-ion technology, as per the luxury carmaker.

Safety features
This latest product also puts significant focus on safety, with a EURO NCAP rating of five stars, states Mercedes Benz. Besides, it comes equipped with nine airbags for customer safety. Moreover, Mercedes claims that like all other Mercedes, the EQS features a rigid passenger cell, special deformation zones and state-of-the-art restraint systems.

Other features
According to the luxury automotive brand, the car also includes rear-axle steering with a 10-degree steering angle adjustment, HEPA Filter, dynamic select and predictive route planning, among other features. The sustainability in the EQS is enhanced through recycled and renewable raw materials as well as the usage of recycled steel.

To further encourage EV adoption, Mercedes-Benz India states that it will set up the largest ‘ultra-fast charging network’ by a luxury carmaker, covering 80 percent of India, by the end of 2022.

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."