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.

Comments (0)

ADD COMMENT

Link Copied!

Ather Energy has announced the addition of Tamil language support to the dashboard of its Rizta Z electric scooter. The update allows owners to switch the interface to Tamil, with the rollout scheduled as an over-the-air (OTA) update starting in February 2026.

The initiative is part of Ather’s plan to offer a multi-language interface supporting eight regional languages, including Hindi, Marathi, Gujarati, Bengali, Telugu, Malayalam and Kannada.

The Tamil release follows the previous introduction of Hindi and Kannada. The company indicates that this move supports the preference for technology interaction in regional languages.

The Rizta series consists of two models, the Rizta S and Rizta Z, which provide ranges of 123 km and 159 km. The vehicle features a 56-litre storage capacity, comprising a 34-litre under-seat compartment and an optional 22-litre front accessory. Safety systems integrated into the scooter include SkidControl, Fall Safe, Emergency Stop Signal (ESS) and Live Location Sharing.

Ravneet Singh Phokela, CBO, Ather Energy, said, “Tamil Nadu has been an important market for Ather from the beginning, both in terms of our manufacturing presence and our growing rider base. As Rizta continues to see strong adoption and has recently crossed the 2 lakh sales milestone, it becomes important for the product to feel familiar and easy to use for riders across regions. Building local language support into the Rizta experience has been a deliberate part of how we think about creating a seamless ownership experience. After the Kannada dashboard rollout, bringing Tamil to the Rizta Z dashboard on the occasion of Pongal felt like a natural next step.”

The company recently reached a sales milestone of 200,000 units for the Rizta. Additionally, a touchscreen upgrade for the Rizta Z was confirmed during Ather Community Day 2025 to further enhance the user interface.

Comments (0)

ADD COMMENT

Link Copied!

Montra Electric, the clean mobility division of the Murugappa Group, has opened two new dealerships in the National Capital Region (NCR). The expansion includes an electric small commercial vehicle (e-SCV) outlet in Libaspur, North Delhi and an electric three-wheeler (e-3W) facility in Surajpur, Greater Noida.

The Greater Noida dealership, operated by Vigsons Automobiles, will retail the Super Auto and Super Cargo models. This facility is equipped with service infrastructure and technicians to support owner-operators and fleet customers in the passenger and cargo segments. The North Delhi site, operated by Action Volt Wheels, is intended for businesses involved in e-commerce distribution and FMCG logistics, providing workshop and after-sales support for mid-mile operations.

Arun Murugappan, Chairman, Montra Electric, said, “The transition to electric commercial mobility is an institutional shift, not merely a product change. As adoption expands across India, its success will depend on the strength and reliability of the supporting ecosystem. Building this foundation, anchored in quality, service, and long-term ownership confidence, is essential for clean mobility to scale in a sustainable manner.”

Jalaj Gupta, Managing Director, Montra Electric, added, “Delhi-NCR is one of the most structurally important markets for electric commercial vehicles, where scale is being driven by real operating use-cases rather than experimentation. Our focus is to build a network that is capable of supporting this scale, through dependable retail partners, strong service infrastructure, and consistent customer engagement. The new dealerships in Greater Noida and North Delhi are a step towards ensuring that customers experience electric mobility as a reliable business solution, not just a sustainable alternative.”

The company stated that the NCR is a primary market due to the demand for urban logistics and shared mobility. The new facilities are designed to transition electric vehicles from pilot projects to regular commercial use by focusing on vehicle uptime and service responsiveness.

Comments (0)

ADD COMMENT

Link Copied!

Toyota Kirloskar Motor (TKM) participated in the Advantage Maharashtra Expo 2026 to showcase its technology and manufacturing initiatives. The company focused on Flex-fuel Strong Hybrid Electric Vehicle (FFV SHEV) technology and its ongoing expansion within the state of Maharashtra.

At the Technology Pavilion, the automaker displayed the HyCross FFV SHEV, a vehicle designed to operate on ethanol-blended fuels while utilising a hybrid electric powertrain. This technology is part of Toyota's ‘multi-pathway’ strategy intended to reach carbon neutrality by utilising various energy sources. The expo, organised by the Marathwada Association of Small-Scale Industries and Agriculture (MASSIA) and the Government of Maharashtra, serves as a platform for industry and technology exchange in the Marathwada region.

Sudeep Dalvi, Chief Communication Officer, Senior Vice President and Director, Toyota Kirloskar Motor, said, “Toyota Kirloskar Motor extends its sincere gratitude to the Government of Maharashtra for its continued support toward our greenfield manufacturing project in the state. Our upcoming facility will further enhance TKM’s operational footprint in the state with localization as a key focus while creating expanded opportunities for local development. Participation in the Advantage Maharashtra Expo underscores our ongoing collaborative initiatives across the region, reflecting our commitment to fostering sustainable growth, innovation, and community empowerment in Maharashtra. TKM has consistently focused on building core capabilities and strengthening the educational ecosystem in Maharashtra through its structured skilling & CSR programs. Complementing these efforts, we continue to advance technology initiatives that support cleaner mobility and more efficient powertrain systems.”

Beyond vehicle displays, Toyota Kirloskar Motor held sessions on manufacturing culture and skill development for industry representatives and educational institutions. The company recently signed a Memorandum of Understanding (MoU) with the state government to develop a skilling ecosystem focused on Industrial Training Institutes (ITIs).

Comments (0)

ADD COMMENT

Link Copied!

Suzuki Motorcycle India (SMIPL), one of the leading two-wheeler manufacturers in the country, has announced the commencement of bookings for the e-Access, its first electric scooter. This launch marks Suzuki’s global entry into the electric two-wheeler segment, with India serving as the debut market for the model.

Priced at INR 188,490 (ex-showroom, Delhi), the e-Access can be reserved at authorised dealerships across India. The company has also confirmed that the scooter will be available for purchase through the e-commerce platform Flipkart once retail sales begin.

The e-Access is equipped with a lithium-ion battery designed for durability, which the company states will retain over 80 percent of its capacity after eight years of use. Technical features include a swingarm-mounted motor and a regenerative braking system that assists in energy recovery during deceleration. The scooter also includes a Type 2 charging port for compatibility with public charging infrastructure and a 5-inch TFT instrument cluster with smartphone connectivity.

Kenichi Umeda, Managing Director, Suzuki Motorcycle India, said, “The Suzuki e-Access represents Suzuki’s first global strategic battery electric vehicle. It offers long-life battery, agile handling, seamless acceleration and high quality fit & finish. With every element designed thoughtfully to make ownership easy, enjoyable, and worry-free, we remain committed to Suzuki’s global vision of sustainable mobility. We believe the Suzuki e-Access will be the choice for riders looking for a reliable, everyday electric scooter that fits into their lifestyle.”

The vehicle is available in four dual-tone colour options, including the new Metallic Mat Stellar Blue/Metallic Mat Fibroin Gray. To support the rollout, SMIPL has introduced financial products including interest rates starting at 5.99 percent and rental options ranging from 24 hours to 3 years.

Comments (0)

ADD COMMENT

Link Copied!