Bengaluru-based electric vehicle manufacturer Ola Electric aims to sell 325,000 to 375,000 units, which will translate to revenue of INR 42 billion to INR 47 billion in FY2026. It anticipates its auto business will achieve full-year EBITDA positive status, with gross margins expected to rise to 35-40 percent starting in the second quarter, buoyed by Production Linked Incentive (PLI) benefits.

The optimistic outlook follows a strong performance in Q1 of FY2026, where the company saw significant sequential growth and a key profitability milestone. It sold 68,192 two-wheelers, up 32.7 percent compared to 51,375 units sold in Q4 FY2025. The revenue came at INR 8.28 billion, up 35.5 percent over the previous quarter. Ola Electric claims its auto business achieved EBITDA positive status in June 2025, a significant turnaround from previous quarters. The auto segment's Q1 EBITDA improved sharply to -11.6 percent from -90.6 percent in Q4 FY25. Consolidated EBITDA also saw a substantial recovery to -28.6 percent.

Ola Electric's ‘Project Lakshya,’ a cost optimisation initiative, has driven considerable operational efficiencies. Monthly auto operational expenses have been reduced from INR 1.78 billion to INR 1.05 billion, with a target to further lower consolidated operational expenses to approximately INR 1.30 billion per month through FY26. This focus on efficiency has contributed to a notable improvement in free cash flow, which improved to negative INR 1.07 billion in Q1 from negative INR 4.55 billion in Q4 FY2025.

Product innovation continues to be a key driver, with the newly introduced Gen 3 scooters accounting for 80 percent of total scooter sales in the quarter. These models the company shared have not only improved margins but also led to a significant reduction in warranty claims. The rollout of Ola Electric’s Roadster X motorcycles is also progressing, now available in 200 stores across India and slated for further scaling during the upcoming festive season. Software adoption is also on the rise, with MoveOS+ adoption surging to nearly 50 percent among new customers.

A significant technological leap for Ola Electric is the in-house production of its 4680 Bharat Cell, set to power vehicles starting this Navratri. The company plans to fully utilise its 1.4 GWh capacity by the end of FY2026 and scale it to 5 GWh by FY2027. Furthermore, the company has successfully developed Heavy Rare Earths (HRE) free Motors, scheduled for production deployment in Q3 FY2026. These vertical integration efforts aim to reduce costs, enhance performance, and improve supply chain resilience.

Ola Electric aims to further solidify its position as an industry leader, being the only major EV player currently offering ABS-equipped products (S1 Pro+). The company is also developing its in-house ABS, expected to be production-ready by January 2026, aligning with evolving safety standards.

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Epsilon CAM, one of the leading battery cathode active material manufacturers, and cell technology firm C4V have signed a Letter of Intent (LoI) to evaluate and qualify lithium iron phosphate and bio-mineralised lithium mixed metal phosphate cathode active materials.

The agreement establishes a framework to evaluate Epsilon CAM's cathode materials for cell-level integration across C4V's battery platforms and North American manufacturing programs, including those operated by sister company Near Prime Technologies.

As per the arrangement, Epsilon CAM will provide material samples and engineering data for testing, including electrochemical performance validation, cycle-life evaluation and process compatibility assessments. Subject to technical qualification and definitive contracts, the firms plan to explore multi-year material supply arrangements and technology integrations.

The evaluation will assess supply-chain sourcing for critical raw material inputs, including lithium, manganese and phosphorus, to align with North American content requirements.

Epsilon CAM is advancing plans for a 20,000-tonne-per-annum cathode active materials plant in India by 2028, positioning its production as a non-foreign-entity-of-concern source for global cell manufacturers.

Vikram Handa, MD, Epsilon CAM, said, "This LoI brings together complementary capabilities across cathode materials, cell technology and manufacturing. Our focus is to demonstrate material performance at the cell level and to work with C4V toward scalable, high-quality LFP and LMFP solutions that address the evolving needs of battery manufacturers and automotive customers."

Dr. Shailesh Upreti, CEO, C4V, said, "Epsilon is helping address one of the most important gaps in the U.S. battery supply chain: reliable access to scalable, ex-China phosphate cathode active materials. C4V is currently evaluating Epsilon’s materials through our Digital DNA qualification process for potential use across C4V cell platforms and U.S. manufacturing programs at Near Prime. Successful qualifications would create an important pathway connecting advanced cathode materials with C4V battery technology and domestic cell manufacturing."

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JSW MG Motor India, one of the leading passenger vehicle manufacturers, has launched the MG Windsor INDULGE Edition at INR 1.79 million ex-showroom.

The MG Windsor INDULGE Edition features a dual-tone exterior with a Shadow Gold body finish paired with a black roof, black exterior mirror housings, 18-inch black alloy wheels and edition badges on the C-pillar.

The interior adopts a tan and black upholstery scheme, embroidered headrests, and a rear-seat entertainment display screen supplied as standard equipment, alongside rear cabin accessories including themed cushions and window sunshades. The EV retains its 38 kWh battery pack delivering 100 kW of power and 200 Nm of torque, with a certified driving range of 332 kilometres per charge.

Vinay Raina, Chief Commercial Officer at JSW MG Motor India, said, "The MG Windsor is an important product not only for us but for the EV segment, as it has encouraged many fence-sitters to embrace electric mobility. Reaching over 80,000 families in just 24 months is a remarkable milestone and a testament to the value the Windsor delivers to customers. Building on this success, the INDULGE Edition introduces exclusive enhancements and an elevated cabin experience, offering customers a more premium and personalised expression of the Windsor lifestyle. It reflects our commitment to continuously evolving the product in line with changing customer preferences while retaining the qualities that have made the Windsor a preferred choice in the EV segment."

The SUV retains its structural layout, including rear seatbacks capable of reclining up to 135 degrees and a 15.6-inch central infotainment touchscreen, as JSW MG Motor expands its electric vehicle lineup across domestic retail networks.

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Flying Flea, the electric mobility brand from Royal Enfield, has expanded its retail network in India by launching operations in Hyderabad. Following its initial rollout in Bengaluru, where registered vehicles have accumulated over 100,000 kilometres, Hyderabad becomes the second Indian market for the brand.

The expansion includes four touchpoints across Hyderabad, comprising one company-owned store in Erragadda and three dealer partner locations operated by Taurus Motors in Vanasthalipuram, Bolt Motorcycles in Hi-Tech City and SVR Motors in Kondapur. The network utilises a hub-and-spoke operational structure, designating the Erragadda facility for technical support while the partner locations handle routine service and sales operations.

The brand's initial offering, the Flying Flea C6 electric motorcycle, is priced at INR 279,000 ex-showroom or INR 199,000 under a Battery-as-a-Service model. The vehicle is offered in three colour options: Storm Black, Flea Green, and Parachute White, with roadside assistance provided across retail channels.

The retail launch in Hyderabad follows Flying Flea's international expansion into European and UK markets, including retail locations in Paris, Barcelona, Berlin, Rome and London.

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Zomato and Blinkit, operating under parent company Eternal, hosted the third edition of EV Bazaar at the KD Jadhav Stadium in New Delhi to promote electric two-wheeler adoption among delivery partners.

The event drew participation from 2,500 delivery gig workers and over 20 original equipment manufacturers and ecosystem partners, showcasing more than 30 electric two-wheeler models alongside vehicle rental, financing and charging solutions.

The event included addresses by Mahmood Ahmed, Additional Secretary at the Ministry of Road Transport and Highways and Jitender Patil, Head of the EV Cell at the Transport Department of Maharashtra.

As of 30 September 2026, over 200,000 delivery partners across the Zomato and Blinkit platforms operate electric two-wheelers. During FY2026, electric vehicles completed 228 million deliveries across both platforms, avoiding an estimated 9,926 tonnes of carbon dioxide emissions.

Mahmood Ahmed said, “The electrification of the transportation section is a critical contributor to India’s energy security and air pollution control. The adoption of EVs by delivery partners is important to accelerating the transition since charging, swapping and servicing networks will expand for the industry and benefit other users as well. I appreciate this proactive initiative by Zomato and Blinkit to further the gig ecosystem’s shift to electric mobility and enabling a better future for India.”

Anjalli Ravi Kumar, Chief Sustainability Officer, Eternal, said, “For our delivery partners, the performance of their bike is critical to their ability to earn efficiently. Delivery may only be one of their many responsibilities on the same day. That makes the move to electric a practical and financial question as much as an environmental one. EV Bazaar gives delivery partners a place to evaluate their EV bike purchase options by directly interacting with companies who build, rent, finance and charge EV bikes. We thank each of them for being part of the third edition.”

To facilitate vehicle access, the companies operate a 'Rent a vehicle' feature within their delivery partner mobile applications, enabling workers to lease electric two-wheelers and locate charging and battery-swapping stations within assigned delivery zones. Over 23,000 delivery partners utilised the rental feature in fiscal year 2026. Additionally, Zomato Local Services launched an owned electric vehicle rental fleet in June 2025, deploying over 1,500 electric two-wheelers across Delhi and Chennai by March 2026.

Sheetanshu Tyagi, Co-Founder and CEO, EMO Energy, said, “EMO Energy brings advanced batteries and 20-minute charging together to keep last-mile vehicles moving. With Zomato and Blinkit, we are enabling riders to charge faster, operate with zero downtime, and have greater vehicle availability.”

During the event, three delivery partners received new electric two-wheelers and one partner was awarded a one-year rental sponsorship from the network in recognition of operational performance and participation in platform electrification initiatives.

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