Ola Electric Targets Automotive EBITDA Breakeven By Q1 FY2026
- By MT Bureau
- March 12, 2025
Ola Electric, a leading electric vehicle manufacturer in the country, expects to become EBITDA breakeven for its automotive business by Q1 FY2026. This the company shared is based on the Network Transformation and OPEX Reduction Program introduced in November 2024.
The initiative has enabled the company to reduce its monthly expenditure by INR 900 million. The program includes rationalisation of its distribution network by shutting all regional warehouses and shipping vehicles, spare parts and accessories from the factory directly to stores, automating registration & other processes, and productivity improvements in the sales and service network.
This has also reduced the average vehicle inventory to 20 days and delivery time to customers to 3-4 days, in comparison to 35 days and 12 days respectively.
Ola Electric also shared that its vehicle registration process transformation is in its final stages.
Simple Energy Partners IDFC FIRST Bank For EV Finance
- By MT Bureau
- July 06, 2026
Bengaluru-based electric vehicle maker Simple Energy has collaborated with IDFC FIRST Bank to provide vehicle financing for customers buying its e-scooters.
The partnership aims to support electric vehicle adoption by providing financing options and approval processes at the point of sale. At present, Simple Energy operates 73 outlets in 39 cities, with plans to expand to centres including Ranchi and Bhubaneshwar.
Shreshth Mishra, Co-Founder, Simple Energy, said, “India's transition to electric mobility will be driven not only by innovation, but also by accessibility. As we continue expanding our retail footprint across the country, it is equally important to make EV ownership more convenient for customers. This partnership with IDFC FIRST Bank will help simplify the purchase journey by enabling easier access to financing, allowing more riders to experience our long-range, high-performance electric scooters and accelerate the adoption of electric mobility."
The company’s current product portfolio includes the Simple OneS Gen 2 priced from INR 159,999, the Simple One Gen 2 from INR 194,999 and the Simple Ultra from INR 234,999.
Komaki Launches Metal-Body MG Pro V And MG Pro+ E-Scooters At INR 73,999
- By MT Bureau
- July 06, 2026
New Delhi-based electric vehicle company Komaki has introduced two new e-scooters - the MG Pro V and MG Pro+, priced at INR 73,999 and INR 79,999, respectively, featuring metal-body construction, distinguishing them from the fibre-bodied scooters commonly found in this segment.
The MG Pro V offers a range of 90-100 km, while the MG Pro+ provides a range of over 150 km per charge. Both scooters use BLDC hub motors and LiFePO4 battery technology. Standard features across the models include front disc brakes, telescopic suspension, mobile app connectivity, an anti-theft lock, a parking assist system and a repair switch.
Gunjan Malhotra, Co-Founder, Komaki Electric Vehicles, said, "The electric two-wheeler market has grown rapidly, but affordability should never come at the cost of quality. With the MG Pro V and MG Pro+, we wanted to offer customers features that have traditionally been associated with more expensive vehicles. These include a strong metal body and safe, long-lasting LiFePO4 batteries with a longer lifespan than those found in many electric two-wheelers and ICE vehicles currently available in the market. This combination inspires confidence among customers. It also reflects our commitment to making premium build quality, dependable performance, and modern technology accessible to a much wider audience. We believe customers deserve products that not only look good but are built to withstand everyday Indian road conditions."
JSW MG Windsor Sales Surpasses 75,000 Units In 2-Years
- By MT Bureau
- July 06, 2026
JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced that its popular MG Windsor electric SUV has attained a new sales milestone of selling 75,000 units in less than two years.
The company reported that over 19,000 units were sold in H1 of CY2026, maintaining the model's position as a top-selling electric vehicle in the country. JSW MG Motor India recorded a 13 percent YoY growth in overall sales for the same period.
Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “The Windsor is a winning proposition delivering strong value and resonating with the preferences of Indian car buyers. With its customers spanning across metros and emerging markets, the MG Windsor has meaningfully contributed to accelerating India’s EV adoption, transforming the way India moves. While the journey ahead remains interesting, it is important to reflect on an incredible journey backed by the grit and determination of our teams to deliver something truly exceptional.”
The e-SUV features a 38 kWh or a 52.9 kWh battery option, offering ranges of 332 km and 449 km respectively. It includes a 15.6-inch touchscreen display and reclinable seats.
JSW MG Motor India plans to expand its New Energy Vehicle (NEV) portfolio during the current financial year with the addition of two new electric vehicles and one plug-in hybrid electric vehicle.
Keeway Hypevolt-R E-Scooter With 180km Range Launched At INR 199,000
- By MT Bureau
- July 03, 2026
Keeway India has launched the Hypevolt-R, an electric scooter priced at INR 199,000 (ex-showroom) with bookings starting at INR 5,000.
The Hypevolt-R features a 5 kWh dual-battery architecture with a claimed range of 180 km and an in-vehicle charging system that reaches 80 percent charge in approximately 3 hours. It utilises a mid-mounted motor producing 12 kW of power, enabling acceleration from zero to 40 kmph in 2.3 seconds and a top speed of 115 kmph.
Vikas Jhabakh, Managing Director, Keeway India, said, “The Hypevolt-R represents a significant milestone in Keeway's journey in India. Today's electric mobility customer is no longer looking only for efficiency; they seek performance, technology, design and everyday practicality in one complete package. With the Hypevolt-R, we have created a premium electric scooter that delivers thrilling acceleration, intelligent rider technologies and exceptional usability without compromise. We believe it will redefine expectations from performance electric scooters in India.”
The Hypevolt-R comes with Traction Control, Dual-Channel ABS, Blind Spot Detection, a Rear Reverse Camera and Hill Hold and Hill Descent Control. It features 14-inch alloy wheels, 130 mm of ground clearance, a 770 mm seat height and 27 litres of under-seat storage.
The e-scooter is equipped with a 5-inch TFT display, Bluetooth connectivity and USB charging ports. The Hypevolt-R can be had in Crystal White and Platinum Grey colour options.
The company says the e-scooter is designed for urban commuting and weekend use, offering three riding modes: Eco, Normal and Sport.
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