Bengaluru-based electric vehicle manufacturer Simple Energy has announced that it has surpassed its FY2025 revenue by over 125 percent as of October 2025.

The growth was driven by its sales and expanding national presence. Last month, the company reported 1,050 unit sales, marking its highest monthly sales yet.

To meet customer demand, Simple Energy has increased production by 40 percent at its manufacturing facility in Hosur, Tamil Nadu.

The company is executing an all-India expansion plan, aiming to establish 150 retail stores and service centres by March 2026. Supporting this growth, the marketing team has been expanded to over 40 professionals.

The company's two-wheelers, the Simple ONE Gen 1.5 and the Simple OneS, were launched in January 2025. Both scooters offer IDC ranges of 248 km and 181 km, respectively and have gained traction due to customer feedback on performance, range and design.

Simple Energy has a retail presence with 61 outlets in major cities and plans to enter new markets such as Delhi, Bhopal and Patna in the coming months.

In September 2025, the EV maker claimed it became the country’s first original equipment manufacturer (OEM) to commercially manufacture heavy rare-earth-free motors. The new motor line delivers performance and torque while eliminating dependence on heavy rare-earth elements.

Suhas Rajkumar, Founder and CEO, Simple Energy, said, “Surpassing last year’s revenue by over 125 percent in just seven months and crossing the 1,000-unit sales mark reflects the strong trust customers have placed in Simple Energy. Every milestone – from scaling production and expanding our team to broadening our store and service centre footprint – is part of a deliberate plan to strengthen the company and serve our customers better. As we move toward 150 stores and service centres by March 2026, we remain focused on driving growth through innovation, accessibility and trust.”

Also read: Simple Energy Eyes INR 8 Billion Revenue For FY2026, Targets $350 Million IPO By FY2027

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V-Green and Hindustan Petroleum Corporation (HPCL) have signed a strategic agreement to develop electric vehicle (EV) charging stations at HPCL retail outlets. The partnership aims to utilise HPCL’s fuel station network to increase the availability of charging points for EV users in India.

HPCL currently operates more than 24,400 retail outlets across the country and has established over 5,300 charging stations under the HP e-Charge brand. The collaboration will allow V-Green to deploy infrastructure within this existing footprint to support nationwide expansion.

V-Green was founded by VinFast's Pham Nhat Vuong and focuses on the development of charging systems to support vehicle expansion. In Vietnam, the firm operates approximately 150,000 charging ports. The agreement in India is intended to build a foundation for a broader EV ecosystem that includes:

• Manufacturing and Infrastructure: Setting up charging points at high-traffic locations.
• Service and Support: Integrating aftersales services and battery recycling.
• Market Entry: Supporting the long-term presence of the VinFast and HP e-Charge brands in the Indian market.

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Chartered Speed has deployed 11 electric buses for staff transportation for DCM Shriram at Jhagadia GIDC, Bharuch. The service was inaugurated by Sanyam Gandhi, Whole-time Director at Chartered Speed and Aditya Shriram, Deputy Managing Director at DCM Shriram.

The deployment is part of an effort to shift employee mobility towards electrification. Chartered Speed operates a fleet of over 2,000 buses across six states, serving 350,000 passengers daily.

The electric buses are equipped with several technologies for fleet management and passenger safety. It comes with real-time GPS tracking and onboard Driver Monitoring Systems (DMS). CCTV cameras, fire protection systems and first-aid kits are installed in every vehicle.

The company currently provides school and staff transportation services to various clients, including GHCL Limited and Apple Global School.

Sanyam Gandhi, Whole-time Director, Chartered Speed, said, “With the recent deployment of electric buses, we are strengthening our commitment to reducing the carbon footprint of our operations and supporting the transition to greener transportation solutions. Our vision is of building a large, clean energy-powered fleet that aligns with global trends towards electrification in public transport. We remain focused on integrating technology in our services not only enhances operational efficiency but also fosters a culture of safety that we believe is essential for the future of transportation.”

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Tata Motors, one of the leading passenger vehicle manufacturers in the country, has attained a new milestone in the Indian electric vehicle (EV) market, with cumulative sales of its TATA.ev range exceeding 250,000 units.

Since the launch of the Nexon.ev in 2020, the company has secured a 66 percent market share of all electric passenger vehicles sold in India to date. The Nexon.ev has become the first electric model in the country to surpass 100,000 cumulative sales.

At present, the company’s green vehicle offering includes the Tiago.ev, Punch.ev, Nexon.ev, Curvv.ev and Harrier.ev for personal use, alongside the XPRES-T EV for fleet operations.

To support its EV customers, Tata Motors has established an ecosystem, which includes access to over 200,000 charging points, including home, community and public chargers. A digital platform providing coverage for over 20,000 public chargers. Around 100 mega charging hubs operational across key corridors, offering speeds of more than 120kW. Approximately 1,500 dedicated EV service bays nationwide, staffed by over 5,000 technicians.

The automaker stated that every TATA.ev vehicle is manufactured with more than 50 percent local content. In collaboration with other Tata Group companies, the firm has localised the production of battery packs and battery management systems. The supply chain also includes domestic production of power electronics, wiring harnesses and thermal management systems.

Going forward, Tata Motors has outlined a robust growth strategy through to 2030:

• Upcoming Launches: The Sierra.ev and a new Punch.ev are scheduled for release in CY26, followed by the Avinya luxury range at the end of 2026.
• Portfolio Growth: Five new nameplates are planned by FY2030.
• Infrastructure Targets: The company aims for 400,000 charge points by CY2027 and 1 million by 2030.
• Battery Sourcing: Future models will use battery cells produced at the Agratas gigafactory in Sanand.

Shailesh Chandra, MD & CEO, Tata Motors Passenger Vehicles, said, “Crossing 250,000 EV sales reflects how electric mobility is fast becoming part of everyday Indian life. Our customers are driving more, travelling farther, and increasingly trusting EVs as their only cars. Our EV journey which began in 2018, was never about leading alone but about building the ecosystem to enable India’s transition to clean mobility. This progress is the outcome of the government’s forward-thinking policies, the steadfast support of our supplier partners and charging infrastructure providers and above all, the trust and enthusiasm of TATA.ev customers. As EV adoption accelerates, our commitment remains clear: to mainstream electric mobility by making it accessible across segments, strengthening the ecosystem, and investing in India-first technology and localization. This is how we will continue to lead India’s growing EV market.”

The company also intends to focus on the circular economy by reusing batteries for energy storage and providing battery health checks for second-hand owners.

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French-headquartered battery systems manufacturer Forsee Power has announced that MegaFlux, a Mexico-based powertrain integrator, has selected its ZEN LFP battery system for its heavy vehicle electric powertrains.

MegaFlux develops electric powertrains for trucks and buses, including retrofit solutions that convert diesel vehicles to electric. The company also provides charging infrastructure and energy management services.

The ZEN LFP product line uses lithium-ion LFP chemistry and is designed for buses, trucks and off-highway vehicles. The batteries are available in 36 kWh and 55 kWh formats, allowing for various voltage and energy combinations. The LFP battery has an energy density of 240 Wh/L. Being a modular system, upto to two modules can be stacked to optimise vehicle space. The battery has 6,000 charging lifecycle and is ISO 26262 ASIL-C and industry standards including R100-3 and R10.6 certified.

The use of LFP (Lithium Iron Phosphate) chemistry is intended to provide a lower Total Cost of Ownership (TCO) for operators due to its thermal stability and cycle life, factors that are relevant to the operating conditions in markets such as Mexico.

MegaFlux will integrate the ZEN LFP batteries into powertrains sold to original equipment manufacturers (OEMs) and into its vehicle conversion projects.

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