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!

Euler Motors has announced a collaboration with Green Drive Mobility to deploy four-wheeler electric cargo vehicles across mid-mile and last-mile operations. The partnership has deployed approximately 50 units, with plans to reach 500 units during the financial year across Delhi, Bengaluru, Mumbai, Chennai and Hyderabad.

The deployment features Euler’s Storm LR and TURBO EV 1000 models, targeting a total of 1,000 electric cargo vehicles by 2028.

Vani Rikhy Mehra, VP – Sales, Euler Motors, said, “Our collaboration with Green Drive Mobility marks an important step in expanding the role of electric commercial vehicles in India’s logistics ecosystem. Green Drive Mobility is one of the country’s most respected multi-stack EV fleet operators, and we are pleased to support their growth journey with Euler’s purpose-built electric cargo vehicles. Their disciplined approach to fleet expansion and their diverse enterprise customer base align closely with Euler’s commitment to building products and a service ecosystem that enable fleet operators to transition to electric with confidence – improving uptime, lowering operating costs, and reducing emissions at scale.”

Sagar Subramani, COO, Green Drive Mobility, added, “Our collaboration with Euler Motors reinforces our strategy of building a reliable, scalable, and technology-led electric logistics platform powered by the best vehicles from leading OEMs. Euler’s products bring strong payload performance and proven reliability, and their API-led approach fits seamlessly into our operations. As demand for sustainable logistics continues to grow across sectors, this collaboration will help us deliver consistent uptime and operational efficiency to our enterprise customers, while accelerating the shift to zero-emission mobility across India.”

Comments (0)

ADD COMMENT

Link Copied!

Bengaluru-based electric two-wheeler maker Simple Energy is set to unveil its first family e-scooter on 2 September 2026, entering the country's mass-market segment.

The mass-market EV is set to follow the Simple One and the Simple Ultra models.

Simple Energy states that the in-house developed new model is part of its robust R&D capabilities spanning proprietary software, technologies and advanced engineering solutions.

The company is said to be the first Indian OEM to commercially manufacture heavy rare-earth-free electric motors.

Comments (0)

ADD COMMENT

Link Copied!

Billion Electric Mobility has announced a partnership with J K Cement to deploy over 150 heavy-duty electric trucks during the financial year. The project has commenced with the deployment of 20 electric trucks from J K Cement's Muddapur plant in Karnataka, transporting cement to stockyards in Karnataka, Maharashtra and Goa.

At present, Billion Electric provides an electric freight platform that includes vehicles, charging infrastructure, fleet operations and route management. ChargeZone's charging network supports operations across corridors in Karnataka, Maharashtra and Goa, with locations including Nipani, Satara, Pune, Karad, Ratnagiri, Sindhudurg, Goa, Hubli and Davanagere.

Sanjeev Kulkarni, CEO, Billion Electric Mobility, said, "The decarbonisation of India's freight sector will be driven by enterprises that are willing to lead from the front. J K Cement's commitment demonstrates that heavy-duty electric mobility is no longer a future aspiration but a commercially viable reality. Through Billion Electric's integrated eMaaS platform, supported by ChargeZone's expanding high-speed charging network, we are enabling businesses to transition to electric freight with confidence while building the infrastructure backbone needed to scale zero-emission logistics across the country."

Comments (0)

ADD COMMENT

Link Copied!

MAHLE will present its new range extender system for heavy electric trucks as a world premiere at the IAA Transportation in Hannover, running from 15 to 20 September 2026. The Stuttgart automotive supplier, exhibiting under the motto ‘Electrified. Efficient. Economical’, positions the innovation as a bridge between electric sustainability and internal combustion flexibility. CEO Arnd Franz and Dr Marco Warth, Vice President of Corporate Research, will present the technology as a practical solution for fleet operators constrained by inadequate charging infrastructure and limited vehicle range.

The range extender functions as an intelligent emergency power unit that activates precisely when needed, ensuring battery-electric trucks can cover all daily operational requirements without compromise. For forwarders and fleet operators facing mounting pressure to decarbonise while controlling costs, flexibility and reliability remain paramount. Franz noted that time and energy are scarce resources in road transport, and MAHLE's electrification products aim to enhance efficiency while reducing operating expenses.

The system's core comprises a high-voltage generator with 110 kilowatts continuous output and 130 kilowatts peak, driven by a compact internal combustion engine featuring advanced oil cooling for power density exceeding seven kilowatts per kilogramme. MAHLE has packaged this as an autonomous unit integrating generator, engine, thermal management, fuel and AdBlue tanks, and exhaust treatment into a compact box fitting standard battery installation spaces. This design replaces about one-third of typical battery capacity, reducing rear axle load by 400 kilogrammes and total vehicle weight by 600 kilogrammes, while achieving a total range exceeding 800 kilometres.

Under real-world conditions, the range extender truck emits approximately 80 percent less CO2 than conventional diesel vehicles, with virtually zero emissions when operating on renewable HVO100 biodiesel. The thermal management system provides 48 kilowatts of high-temperature and 15 kilowatts of low-temperature cooling for stable heavy-duty performance. Warth emphasised that the system decouples electric truck adoption from infrastructure development pace, allowing continued operation even when charging stations are unavailable.

MAHLE will also premiere its Contactless Transmitter electric motor for heavy commercial vehicles, eliminating permanent magnets and rare earth elements while saving three kilogrammes of materials per vehicle. The motor is 10 percent lighter and more efficient than conventional alternatives, delivering 370 kilowatts peak output and over 900 Nm torque at 3,900 rpm, achieving approximately 95 percent efficiency in VECTO simulation cycles.

Franz acknowledged structural challenges including poor European economic prospects, unpredictable tariffs, weak North American demand and growing competition from Chinese battery-electric imports. Despite headwinds, MAHLE leads the European market for electric climate compressors and ranks among the top three for electric pumps and fans, with first-half 2026 orders significantly surpassing previous year levels. The group collaborates with over 120 commercial vehicle customers worldwide and identifies Asia as the primary growth region.

Franz stressed that internal combustion engines will remain dominant, declining only from 83 to approximately 73 percent by 2035, necessitating expanded sustainable fuel supplies alongside electrification. He called for objective review of European CO2 fleet regulations, urging policymakers to pragmatically recognise range extender systems as electrification facilitators. The CEO concluded that successful transformation requires coordinated action between industry, government and customers, with reliable charging, hydrogen refuelling and storage infrastructure as essential prerequisites.

Comments (0)

ADD COMMENT

Link Copied!