Bengaluru-based electric vehicle company Ultraviolette Automotive has revealed its ambitious plans for the future, which include the unveiling of the Tesseract e-scooter and Shockwave, a street-legal e-bike.

The new products will be available in Q1 of CY2026, with introductory prices starting INR 120,000 for the first 10,000 units and INR 149,999 for the first 1,000 units, respectively.

This marks a paradigm shift from the company's focus on premium, performance-oriented e-motorcycles, the F77 and F99. The idea is to reach out to a new set of customers looking for premium products that are affordable and tech-loaded. 

Furthermore, in a conversation with Motoring Trends, Niraj Rajmohan, CTO, Ultraviolette Automotive, revealed that the company is looking to achieve sales of 100,000 units per annum in the next 3-5 years. For context, the company sold 257 units in 2023 and 407 units in 2024.

This also means that the company will be looking to expand its production capacity from the existing 30,000 units in Electronics City in Bengaluru. To date, the company has invested around USD 60 million, and it anticipates that it will further invest USD 70 million to USD 100 million in the next few years.

Furthermore, the company will launch around 9 new products across categories and variants in the next 3 years to meet a wide variety of customer needs.

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VinFast has opened bookings for its new VF MPV 7, a premium 7-seater electric MPV tailored for Indian customers. This third model from the company in India offers a spacious interior, smart technology and strong practicality to meet daily mobility needs. With an outstanding value proposition, the vehicle reinforces VinFast’s long term commitment to building a complete green mobility ecosystem across the country, delivering modern and sustainable transport solutions for Indian households.

Starting 2 April 2026, customers can reserve the VF MPV 7 through the official website or any of VinFast’s 50 authorised dealerships nationwide for a booking amount of INR 21,000, with the official launch and price announcement scheduled for 15 April 2026. Designed with the signature golden ratio proportions of MPVs, the wheels are pushed towards the corners to maximise cabin space.

Measuring 4,740 mm in length, 1,872 mm in width and 1,734 mm in height with a wheelbase of 2,840 mm, the VF MPV 7 offers a roomy cabin across all three rows, ensuring consistent comfort for larger families. Its R19 alloy wheels give the vehicle a strong yet sporty presence. Powered by a 60.13 kWh battery, it delivers over 500 kilometres of driving range per full charge, and fast charging technology can take the battery from 10 to 70 percent in about 30 minutes.

Before the VF MPV 7, VinFast launched the VF 6 and VF 7 premium electric SUVs in September 2025, both winning multiple industry awards. The company continues to strengthen its EV ecosystem by expanding showroom and aftersales networks, partnering with local financial institutions, and offering an industry best product warranty. Customer centric policies include a value assured programme, trade in support for switching from gasoline to electric vehicles and free charging within the V Green network until 31 March 2029, making the transition to electric mobility easier.

Tapan Ghosh, CEO, VinFast India, said, “The VF MPV 7 marks another step forward in VinFast’s efforts to win over Indian consumers with modern, practical and accessible electric mobility solutions. We believe this model will help redefine standards in its segment and become an ideal choice for families seeking a clean mobility solution that meets everyday practicality.”

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Pune-headquartered electric vehicle and technology company EKA Mobility has recorded a fivefold year-on-year volume growth for FY2025–26. The company sold 1,143 units and produced 1,344 electric commercial vehicles during this period.

EKA Mobility operates as a Champion OEM under the Automotive Production Linked Incentive (PLI) Scheme. The company has expanded its manufacturing footprint with two operational facilities in Pune and a third plant in Pithampur, Madhya Pradesh, scheduled to commence operations shortly.

The company is setting up a planned annual production capacity of 10,000 buses, 6,000 trucks and 24,000 small commercial vehicles (SCVs). Its order book includes over 6,000 confirmed electric buses for delivery within the next two years.

Interestingly, FY2026 marked EKA Mobility’s entry into the medium and heavy commercial vehicle (M&HCV) truck segment. It’s e-buses are currently deployed across more than 15 states under national programmes including PM e-Bus Sewa and PM E-DRIVE. The SCV sales was driven by the demand for 3S and 6S passenger vehicles and 3-wheeler cargo platforms.

The EV maker also deployed a 9-metre hydrogen fuel cell bus at Cochin International Airport in collaboration with KPIT Technologies and BPCL, with 15 additional units planned.

EKA has also commenced e-bus deployments in Africa through a CKD (Completely Knocked Down) assembly agreement with the Kerchanshe Group. It has also signed an agreement with NBFI Capital to manufacture electric buses in Australia. Domestically, the company plans to add 120 dealerships in FY27 to its existing network across Tier 1, 2 and 3 cities.

Dr Sudhir Mehta, Founder & Chairman, EKA Mobility, stated, "FY 2025–26 is a defining year for EKA Mobility. We are not only scaling volumes but also expanding our manufacturing footprint by adding a new plant recently and increasing our planned annual capacity to 10,000 buses, 6,000 trucks and 24,000 SCVs. With the widest range of fully homologated, born-electric platforms – from last-mile to long-haul – we are uniquely positioned as a full-stack EV company. Our growth across electric buses, small commercial vehicles, and now trucks validates both market demand and our execution capability. India’s transition to clean commercial mobility is accelerating, and EKA is at the forefront – driving this shift at scale, with technology, innovation and global ambition."

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Servotech Renewable Power Systems has announced the elevation of Vipin Kaushik to the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective 1 April 2026. The appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee, with formal approval from the Board of Directors.

Kaushik is a Chartered Accountant and a member of the ICAI with over two decades of experience in corporate finance, strategy, taxation and compliance. He holds a Diploma in International Financial Reporting from ACCA, UK, and has previously served as the Financial Controller at Servotech. He has held leadership roles at ICICI Bank, Delhivery and V2 Retail.

In his new role, Kaushik will oversee financial operations, planning and risk management frameworks. His role is intended to support the company's expansion in the renewable energy and electric vehicle (EV) charging sectors.

He will be responsible for optimising investment strategies for global growth, improving financial disciplines across manufacturing units and strengthening compliance and stakeholder confidence.

Vipin Kaushik, said, “I am truly honoured and excited to take on the role of CFO at Servotech Renewable at such a defining moment in the Servotech’s next phase of growth. As the industry continues to evolve rapidly, my focus will be on optimising capital allocation, improving operational efficiencies, and building agile financial strategies that align with the company’s global expansion goals. I am eager to scale new opportunities and reinforce stakeholder confidence as we accelerate towards a cleaner and more sustainable energy future.”

Raman Bhatia, Managing Director, Servotech Renewable Power Systems, added, “We are pleased to elevate Vipin Kaushik to the role of CFO. His deep financial expertise, strategic mindset, and strong understanding of our business have been instrumental in strengthening Servotech’s financial foundation. As we scale our operations and expand our global footprint, his leadership will play a critical role in driving financial discipline, enhancing governance, and supporting sustainable, long-term growth.”

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Komaki Electric Vehicles, an electric vehicle company, has inaugurated its second lithium battery manufacturing facility in Udyog Vihar, Gurgaon. The 40,000 sqft plant represents an investment of INR 300 million and is established as an integrated electric vehicle (EV) battery production unit in North India.

It has a monthly production capacity of 10,000 units, totalling 120,000 batteries annually. Komaki has transitioned its manufacturing focus exclusively to Lithium Iron Phosphate (LFP) and Lithium Manganese Iron Phosphate (LMFP) cell technologies. The LFP and LMFP chemistry it says offer better thermal stability and fire-resistant properties. Battery systems offer a life cycle of up to 2,500 cycles. The LFP cells are provided with a three-year warranty, while LMFP cells carry a five-year warranty.

The plant incorporates manufacturing processes intended to minimise material wastage and optimise resource utilisation, aligning with the company's sustainability objectives.

Gunjan Malhotra, Co-Founder, Komaki Electric Vehicles, said, “The inauguration of our second lithium battery plant marks a defining step in Komaki’s journey to build a self-reliant and future-ready EV ecosystem. By focusing on LFP and LMFP technologies, we are prioritizing safety, durability, and long-term value for our customers. This facility not only strengthens our manufacturing backbone but also reinforces our commitment to sustainable innovation and indigenous production at scale.”

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