TI Clean Mobility, a subsidiary of Tube Investments of India, a Murugappa Group company, launched Montra Electric 3W Auto in Chennai, India, on 6 September 2022, marking the brand’s entry into the electric domain.

The launch was a grand one, with the electric three-wheelers indeed being ridden on stage by Arun Murugappan, Executive Chairman, Tube Investments of India and Sushant Jena, Business Head – Montra Electric, TI Clean Mobility.

Upon taking a look at the three-wheeler, one can notice that, unlike regular three-wheelers, Montra Electric has a lot more space – both in the driver and passenger sections. Also, the driver seat has been designed to be a lot more comfortable, giving complete back and head support. Plus, the entire three-wheeler is made of metal frame.

This three-wheeler was manufactured at TI Clean Mobility's facility in Ambattur, Chennai, and will be made available in phases across the nation, starting South.

Sharing his thoughts on this new launch, Murugappan said, “This is a significant step for us from TI, which has been a three-year journey. EV component localisation has seen a significant surge, and we are well poised to join India’s EV revolution.”

Murugappan further told the audience, “With Montra Electric, we strive towards carbon neutrality. This segment is one that will have a significant impact on India's effort to achieve net-zero carbon emissions by the year 2070. We already have 40 people on board with us for dealers. We’ve invested our best resources and time to develop this product and are excited to see customer reactions.”

Talking about the journey of the new electric three-wheeler, K K Paul, MD, TI Clean Mobility Pvt Ltd (TICMPL), put across, “When we looked at the different segments in EVs, we realised that the greatest benefits are coming from the productive end of this segment. We then knew that three-wheelers were a good place to be in. As we were just getting our act together from ground zero to dealing with all the permissions, we also looked at the different elements of the productive segment.”

Paul further turned his attention to the manufacturing. He stated, “The manufacturing piece of Montra Electric is almost 70-75 percent local. Apart from that, we have done a lot of reliability tests. We are looking at being in the top three, in terms of volume and range, within the first year of our launch.”

Throwing more light on the manufacturing side, Jena informed, “This product is built from scratch, including the nut and bolt. Plus, we chose to offer it with a fixed battery as the ecosystem is still evolving.”

Jena also majorly highlighted Montra as a brand. He asserted that the brand, Montra Electric, is a new identity. “We have used three things for our conceptualisations – quality of life, eco-friendly and mobility solutions. We have even conceptualised a new term called ‘autoprenuers’,” he averred and went on, “When we started this journey, we knew that it had to be best-in-class. So we have called the auto, super auto. It comes with super style, spaciousness, super performance, is super reliable, super smart and super easy- owning.”

The price of the Montra Electric 3W range will start from INR 0.302 million (ex-showroom post-subsidy, 7.66 kWh), and it will be made available in over 100 dealerships in India.

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."