SWITCH Mobility has unveiled electric light commercial vehicle line up called the IeV Series. It comprises of IeV 3 and IeV 4 variants, both of which look like the rebadged versions of the Ashok Leyland ICE Dost LCV on the outside. 

While the price is expected to be disclosed closer to the commercial launch of the vehicle, which is January 2024, the IeV Series – designed to offer efficient and eco-friendly solutions for last-mile transportation needs – offers low Total Cost of Ownership (TCO) and high uptime, according to the company.  

Offering an attractive value proposition for MSMEs, cottage industries and e-commerce sectors, the e-LCV line up consists of a high voltage (330-volt) architecture, a first of its kind in the 2-tonne to 3.5-tonne e-LCV category.  The IeV 3 and IeV 4 models feature electric power steering and a clutch-less operating system. 

The seats in the spacious cabin have a reclining and sliding function to ensure comfortable driving and resting position (when waiting for loading and unloading). The parking brake is foldable and there are over 20 customised features such as real-time vehicle information insights regarding the vehicle's position, operating route, trip history and the condition of EV components among other that contribute towards streamlined operations and an enhanced driving feel.  

With an expansive cargo compartment that measures 9.7-feet in length, the e-LCV range can accommodate up to 340 cubic feet containers.  

With a battery pack ranging from 25.6 to 32.2 kWh, the SWITCH IeV Series delivers an impressive drive range of up to 300 kilometres with opportunity charging. The payload capacity is of up to 1.7-tonne.  

Mahesh Babu, Chief Executive Officer, SWITCH Mobility Ltd, said, "The launch of our SWITCH IeV Series electric vehicles is a defining moment for SWITCH, having established a strong reputation in the e-bus market. With the SWITCH iON Standard at its core, a versatile range of options, diverse charging solutions, exceptional performance, and operational ease as its hallmark, the SWITCH IeV Series is a testament to our dedication to driving positive change in the industry". 

Besides the launch of the IeV Series e-LCV, SWITCH Mobility is also working on an electric bus for the European market. 

"You will see us going quite aggressively into the European market with e- buses, creating our footprints. We have the strongest competitors in the European market with very established brands and networks, but customers are willing to try new brands with new alternative fuel options. Switch Mobility has been making some breakthroughs with the right product at the right price. We'll be very excited to show our European bus in the next few months, which is purely down on a world-class standard. We're not constrained to our traditional markets. As we go forward, we will keep moving into new markets," commented Dheeraj Hinduja, Chairman of Ashok Leyland and Switch Mobility.  

Last year, the company delivered 400 e-buses, mainly for government contracts and JSW employees' transportation. 

"We are experimenting with our electric vehicles at one STO and looking for private companies, luxury transport and other applications. We will also deliver 950 e-buses next year. The contract is under signature," added Mahesh Babu.

JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.

The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.

Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.

The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."