TVS Motor Company recently launched its connected passenger electric three-wheeler named King EV Max in Kolkata for the eastern market. Equipped with a high-performance 51.2V lithium-ion LFP battery, the vehicle delivers a top speed of 60 km/h with three driving modes – ECO (40 km/h), City (50 km/h) and Power (60 km/h) to suit varied commuting needs. The vehicle accelerates from 0-30 km/h in just 3.7 seconds and boasts a gradability of 31 percent, ensuring seamless operation on inclined surfaces. Additionally, its water wading depth of 500 mm enhances reliability in challenging weather conditions.

A 179-km range on a single charge makes the King EV MAX an efficient choice for daily transport. The battery supports fast charging, reaching 80 percent in just 2 hours and 15 minutes, while a full charge takes 3 hours and 30 minutes. This ensures minimal downtime for fleet operators and individual users alike.

The L5 segment passenger vehicle comes with LED headlamps and tail lamps for improved visibility and safety. Additionally, the Bluetooth-enabled TVS SmartXonnect system allows users to access real-time navigation, vehicle alerts and diagnostics directly from their smartphones, enhancing operational efficiency and fleet management.

Prioritising passenger comfort, the vehicle features a spacious cabin and ergonomic seating for a smooth and comfortable ride. Its durable construction and well-designed interior make it a standout option for urban commutes.

The company is also set to enter the L5N cargo segment with plans to launch a vehicle within Q4FY25. Commenting on the development, Commercial Mobility Business Head Rajat Gupta told Motoring Trends, “The company is expanding its footprint in the electric three-wheeler space by introducing a cargo variant designed for commercial applications. The L5N classification refers to three-wheeler trucks intended for cargo transportation, whereas the L5M category is designated for passenger vehicles. With this strategic move, TVS aims to strengthen its presence in the electric mobility sector, catering to both passenger and logistics markets.”

Alluding to how TVS leveraged its strong automotive design and manufacturing capabilities in the King EV Max, he noted, “One of the key strengths of TVS is its customer-centric approach, which the company calls ‘Living with Customers’. This methodology involves closely engaging with end users to understand pain points, which are then directly addressed in product development. As a result, the latest TVS three-wheeler EV incorporates industry-first features, making it more advanced, efficient and user-friendly.” 

“A standout feature is the 26 connected functionalities integrated into the vehicle’s digital cluster, setting a new benchmark in the segment. Additionally, TVS has introduced the first Bluetooth-connected three-wheeler, enhancing fleet management and driver convenience. In terms of energy efficiency, TVS leads the category with an optimised 17.4 kWh energy consumption, maximising range while ensuring superior cost savings,” he added.

The vehicle has a localisation level of 65-70 percent and is being manufactured at the company’s Hosur plant, which has an annual production capacity of 250,000 units. While there is no pre-filled order book, demand is driven by daily retail sales, allowing the company to maintain a flexible supply chain. Given the modular nature of its production setup, the manufacturer can quickly scale up output to meet rising market demand, informed Gupta.

Currently, the installed EV production capacity stands at 5,000 units per month, utilising the same manufacturing line for internal combustion engine models.

The vehicle is now available at select dealerships in Uttar Pradesh, Bihar, Jammu and Kashmir, Delhi and West Bengal with an ex-showroom price of INR 295,000. The vehicle is backed by a 6-year/150,000 km warranty, along with round-the-clock roadside assistance for the first three years.

Alluding to efforts in battery recyclability, Gupta noted, “We acknowledge that battery recyclability is a critical aspect of EV adoption, especially as the Indian market has seen significant growth in two-wheeler and three-wheeler electrification over the past five years. While an estimated battery lifespan ranges between of four to five years, real-world performance often exceeds this range. However, with evolving battery chemistries and new advancements, recyclability remains a work in progress.” 

“Currently, we source battery cells from Korea and the company is actively evaluating solutions for recycling and second-life applications, recognising that as EV adoption accelerates, end-of-life battery management will become increasingly important. While a concrete roadmap for battery recycling has yet to be finalised, the company is committed to developing a sustainable approach in the near future,” he added.

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."