Ola Electric, a leading electric two-wheeler maker in the country, has announced its financial results for FY2025. Although the company continued its leadership position in the market, its revenue fell marginally to INR 46.45 billion in FY2025 from INR 51.26 billion last year.

In spite of the revenue drop, Ola Electric continued its leadership in the electric scooter segment, shipping 359,221 units in FY2025, compared to 329,549 units in FY2024. The growth came mainly from the strong performance of its enhanced Gen 3 S1 scooter range, allowing the firm to attain 30 percent market share, based on VAHAN data.

The company stated it is making a big push towards profitability, led by two main internal initiatives: ‘Project Lakshya’ and ‘Project Vistaar.’

Under Project Lakshya, Ola Electric has a target cost structure of INR 1.10 billion for its auto business. The company has been able to bring down costs impressively to INR 1.21 billion in April 2025 and is likely to reach the INR 1.10 billion target in June 2025.

To supplement this, Project Vistaar, launched in November 2024, was network transformation-centric. The effort has significantly enhanced delivery time (from 12 days to 3-4 days), optimised inventory management and facilitated same-day delivery through its "HyperDelivery’ facility. Consequently, Ola Electric grew its footprint to emerge as India's largest EV distribution network in FY2025 with over 4,000 touchpoints, of which over 50 percent were in Tier 3 and rural markets.

These strategic actions have helped Ola Electric lower its auto segment EBITDA break-point structurally to below 25,000 units per month. This reduced level, combined with expected industry expansion, growing S1 market share, and the recent launch of motorcycles, sets the company up to achieve Auto segment EBITDA profitability during FY2026.

Ola Electric stated that early signs in April and May 2025 indicate encouraging business traction, with higher Gross Margins (excluding the benefits of PLI) and lower operating expenses. The company also noted stronger monetisation through add-ons, with Gen 3 sales more than doubling that of Gen 2. Encouraging demand for the recently launched Roadster Motorcycles is also supporting this encouraging trend. It expects this healthy performance to sustain, resulting in Auto segment EBITDA profitability in FY2026.

The launch of the Gen 3 S1 portfolio in Q4 FY2025 contributed significantly to the company's enhanced Gross Margins. For Q1 FY2026 posted a further 10 percentage point increase in Gross Margins over Q4 FY2025. This result will benefit further from the ramp-up in the Gen 3 platform. Significantly, the gross margins as of date do not account for PLI benefits for Gen 3, which will accrue in Q2 FY26. The company estimates its Gross Margins to be around 35 percent for Q2 FY2026 with PLI.

Ola Electric's S1 lineup continues to be extensive, with almost 1 million units sold in 14 products in Gen 2 and Gen 3. The Gen 3 platform provides 20 percent more peak power, 20 percent more range and an 11 percent price cut compared to its predecessor. The company further pushed mass segment EV penetration via its S1 X, which experienced a 3.5x year-on-year rise in deliveries to 196,123 units in FY25.

It was just recently that the company has begun deliveries for the Roadster X electric motorcycle, which it said addresses a significantly underpenetrated segment. The Roadster X comes with a mid-drive motor, chain drive, and onboard MCU for improved performance and safety. A first in the industry in the Roadster X series is the implementation of flat cables in the motorcycles.

The company is also scaling up output at its Ola Gigafactory, with the yields of its indigenously created ‘Bharat Cell’ continuing to improve. The cell is under rigorous testing of performance, lifecycle, safety and phased commercialisation can be anticipated in the months ahead. The phased rollout strategy is designed to balance supply chain synergies, maintain quality consistency and collect real-world performance data prior to mass commercialisation.

Ola Electric indicates that FY2026 will be a year of scaling revenue and riding operating efficiencies to drive sustainable profitability. With a strong product roadmap, vertical integration, strong R&D emphasis and building out distribution and service infrastructure.

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Hyundai Motor Company has released a new teaser for its upcoming Concept THREE, the first compact EV concept from its IONIQ sub-brand. Officially named ahead of its global premiere, the vehicle is scheduled for its debut at the IAA Mobility 2025 show in Munich this September.

The latest preview emphasises the concept's striking side profile, which exhibits a confident and energetic posture. This aesthetic is a direct application of Hyundai’s ‘Art of Steel’ design philosophy, an approach inspired by the dynamic properties of metal. The bodywork features fluidly sculpted surfaces, clean intersections, and sharp character lines that work in concert to create a visual impression of precision and forward motion. This distinctive silhouette introduces a new vehicle typology dubbed the ‘Aero Hatch,’ signalling a fresh and aerodynamic reinterpretation of the compact electric vehicle form.

Scheduled for a full reveal at the IAA Mobility show, which runs from 9 to 14 September, the Concept THREE represents a significant moment for Hyundai. The company's return to Europe’s largest mobility showcase after a four-year hiatus underscores its strategic focus on the European market and its ambition to assert leadership in the future of sustainable transportation. The event will serve as a platform for Hyundai to present its comprehensive vision for the next generation of EVs. The public will get an in-depth look at the concept at the IAA Open Space, with comprehensive technical specifications and further details expected to be announced during Hyundai’s official press conference on 9 September.

Simon Loasby, Senior Vice President and Head of Hyundai Design Centre, said, “Designing the Concept THREE was an opportunity for us to rethink the compact EV from the ground up. We defined the ‘Aero Hatch’ typology to craft a silhouette that captures a sense of flow and becomes a beautifully proportioned sculpture.”

Manuel Schoettle, exterior designer of Concept THREE, said, “The authenticity of the way we treated the steel fits perfectly. It just felt natural, making the Concept THREE extremely pure, and hopefully it will bring a smile to your face.”

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While the need of the hour for the Government of India was to reduce crude oil import, a whopping 85 percent from other countries, and reduce pollution, does the Ethanol Blended Petrol (EBP) program, having generated tremendous furore, truly augur well for India’s automotive future?

Industry leaders from India’s leading oil companies, automotive industry bodies and OEMs came together on 30 August 2025, to discuss its directives, including the employment of sugarcane farmers.

Setting the tone for the evening, Reji Mathai, Director, ARAI (Automotive Research Association of India) spoke about BS6 and BS6 Phase Two as unique current propositions that prepared the ground for ethanol addition into petrol. He mentioned, “While ARAI is responsible for maximum testing, Society of Indian Automobile Manufacturers (SIAM) and oil companies have also played important parts.”  

2001 was the year when ethanol blends were first done in India. The systematic sequence of ethanol-based blend tests after the above was as follows:

• 2010- Multiple studies done over 10 percent blending
• 2016- BS4 testing was done on 7–8-year-old vehicles
• 2021- A detailed study was done on 8–10-year-old vehicles

Fuel efficiency will go down

Industry speakers confirmed that fuel efficiency from E20 will decrease by 2-5 percent. However, Prashant K Bannerjee, Executive Director, SIAM, averred, “Fuel efficiency is determined by terrain and driving habits, leading to different experiences for different customers. Owing to complex and variable factors, it cannot always be pointed towards the fuel.” Though better octane numbers have now been attained, the energy generated is six percent lesser than pure petrol.

As a country that has successfully adopted EBP, Brazil, with E27 and an overall blend of 45 percent, was quoted numerous times. Milind Pagare, VP (R&D), Bajaj Auto, shared his views on the company’s two-wheelers sold in India and abroad. He said, “We will always provide fuel-related help to our customers whenever necessary. However, I’m sure that there will be no catastrophic engine failures due to EBP.”   

Experiments are necessary for progress

“Experiments will keep happening; otherwise, we can’t go ahead. We will always rely on scientific studies for progress,” said Mathai. Although he could not give a figure when asked about the E20-compliant percentage on Indian roads, he stated that the industry has tested two-wheelers which are 10 years old and four-wheelers between 8-10 years of age for the blend in 2016 and 2021, respectively. Mathai said, “We couldn’t say anything for sure when E20 came in 2021.”

Bannerjee assured that, “OEMs will have no warranty-related changes due to EBP. Whatever is committed to the customer at the time of sale will be honoured fully. Neither warranty nor insurance will be impacted by the above.”

Most attendees were of the opinion that OEMs and oil companies were not providing any clarity about E20-related faults. Ascertaining the need for the above, Bannerjee said, “We need to clearly articulate about the fuel to our customers. This can be done through a series of summary statements that could be press releases or FAQs.” He said that the statements will be released on the SIAM, ARAI, or OEM pages at the earliest.

He further added, “Most OEMS have or are in the process of communicating to dealers that E20 can be used in E10 vehicles without any concern.” In other words, E20 will cause no problems on any vehicles, including the ones that are marked E5-E10. Specific models of the two-wheelers and four-wheelers have been tested BS3 onwards and he mentioned that no vehicle has encountered engine failure due to E20 to date, after testing over 100,000 kilometres. The setting up of an arbitrary testing agency across vintages and makes of vehicles was also mentioned.   

India becomes self-sufficient in ethanol distillation

Anurag Saraogi, Chief General Manager, Bharat Petroleum Corporation (BPCL) expressed contentment at attaining a high level of energy security in India. Backing up the above with figures, he averred, “Eight billion litres of distilleries have come up over the years, and the best part is that these are entirely indigenous.”

Ethanol is prepared from sugarcane, maize and other grains, after which it is mixed with petrol. As UP, Maharashtra and Karnataka are the three major Indian sugarcane states, the oil industry formed long-term agreements with entrepreneurs for country-wide provision. The quantity from sugar molasses has gone up to 3.5-3.7 billion litres today.

Maize is the leading provider of ethanol, contributing 40 percent. Today, maize farming is more viable than ever before, with farmers being recognised as ‘Urjadaatas’ (energy-givers). They’re being offered INR 72 per litre to grow more maize for ethanol and have been paid INR 400 billion in 2025. Payments are being made to the farmers alone.

PS Ravi, Director, Federation of Indian Petroleum Industry (FIPI), said, “In 2014, we achieved a 1.5 percent blend, resulting in 380 million litres of ethanol. While E10 was made available across India in 2019, we have been able to get to 7.5 billion litres by 2025. At this rate, we can safely target procurement and blending of 11-12 billion litres by 2026.” Adding to this, he said, “India is already setting up pilot plants for using high agri residues to prepare the second generation of ethanol.”

Talking about pricing, Ravi said, “The procurement price of ethanol is much more than cost of petrol. Yet, the oil industry is still maintaining a constant price despite Minimum Selling Prices (MSPs) and higher ethanol being derived from feedstock. 

Apart from the above, the industry experts expects India to save INR 1,440 billion in terms of FOREX. As a low-carbon intensity fuel, it will easily achieve net-zero emissions, resulting in a cost-effective pathway for energy transition.

Vikram Gulati, Executive Vice-President, Toyota Kirloskar Motor (TKM), said, “Through its 2070 emission plan and circular economy, India will become the global reference model. Farmers will spend more, contributing to the economy.”

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Chennai-based two-wheeler and three-wheeler major TVS Motor Company has upped its game in the Indian electric vehicle space by launching the Orbiter e-scooter at prices starting INR 99,000 (ex-showroom Bengaluru and Delhi).

Rahul Irlapale, Senior Manager – Design, TVS Motor Co, shared that the TVS Orbiter showcases a bold intersection of modern technology, innovative design and sustainability.

From the front, the TVS Orbiter looks attractive with a visor, edge-to-edge combination lights that feature integrated indicators and front LED lamps. A coloured digital LCD cluster helps view different vehicle parameters, such as distance to empty (TVS calls it Reliable distance to empty), battery charge, drive mode and more. Customers can charge their mobile phones using a USB 2.0 port at the front.

Modern safety features such as hill hold assist and cruise control are available, along with other useful updates, such as geo-fencing alert, crash & fall SOS call, vehicle health status and time fencing alert using the TVS Connect app.

The TVS Orbiter is capable of delivering an IDC-certified range of 158 kilometres using a 3.1 kWh battery. A 34-litre boot space ensures that two helmets, along with a few other items, can be kept in the boot space. The 14-inch front wheel, installed for better stability and comfort on rough roads, is an industry-first move. Along with the wheel, a 290 mm straight-line footboard, a 165 mm ground clearance and an 845 mm long seat also enhance comfort.  

Gaurav Gupta, President, India 2W Business, TVS Motor Company, said, “Leveraging our engineering expertise and advanced capabilities, we are building products that set global benchmarks in quality, performance and safety. With TVS Orbiter, we are expanding our EV ecosystem and accelerating the adoption of electric mobility in India.”

TVS Orbiter is available in a palette of colours – Neon Sunburst, Stratos Blue, Lunar Grey, Stellar Silver, Cosmic Titanium and Martian Copper.

Aniruddha Haldar, Senior Vice-President – Head Commuter & EV Business and Head Corporate Brand & Media, TVS Motor Company, said, “We are committed to consolidating our leadership in the EV space, driving India’s electric mobility journey with a strong foundation of trust and innovation. Guided by the evolving needs of our customers, the TVS Orbiter represents our next step in redefining urban commuting.”

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Delhi-NCR-based electric vehicle maker Euler Motors has entered the electric three-wheeler passenger category with the 'Neo by Euler' brand.

The company introduced the first vehicle under this brand, the Neo HiRANGE electric three-wheeler, with an introductory price of INR 309,999. The vehicle is designed for last-mile passenger transport in cities.

The vehicles under the 'Neo by Euler' brand will serve a range of customers, including new EV buyers, drivers for ride-hailing services, fleet operators and self-employed owners. Euler Motors plans to roll out these vehicles across 50 Indian cities over the next three to four months.

Euler Motors states that autorickshaws are a vital part of urban transport in India. Its new EV, the Neo HiRANGE, addresses the need for reliable, long-range and durable vehicles in this sector. The company's two years of research and development, which included conversations with over 10,000 auto-rickshaw drivers, shaped the vehicle's design. The Neo HiRANGE is built for Indian roads, with a rugged chassis and real-time diagnostics.

The vehicle comes in three variants: Neo HiRANGE Maxx, HiRANGE Plus and HiRANGE. The top variant offers a range of over 200 km on a single charge and can be charged in 3.25 hours. It has a skateboard chassis, 65 Nm of torque and hill-assist for stable performance. The vehicle includes a warranty of up to six years or 175,000 km and an anti-theft GPS system.

Saurav Kumar, Founder and CEO, Euler Motors, said, "We are excited to enter the commercial passenger EV segment. 'NEO by Euler' reflects our proven leadership in the commercial EV market. It is the result of deep product learning and on ground engagement with auto drivers across Indian cities. We heard firsthand challenges faced by drivers every day, from long fuel queues and unreliable maintenance to passenger discomfort, and low savings. These insights have shaped every aspect of the brand. Drivers want a solution that offers the highest range in a single charge, supports their livelihood, and gives them the confidence to keep moving. 'Neo by Euler' is our response to those needs; a no-compromise brand built for the realities of commercial passenger mobility in India offering best in class passenger comfort, consistent earning to drivers and overall safe solution."

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