Ultraviolette Automotive To Invest $100 Million In Next Few Years, Targets sales of 100,000 Units
- By Nilesh Wadhwa
- March 06, 2025
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.
TVS Motor Company Partners IndianOil For Sustainable LPG Distribution
- By MT Bureau
- July 08, 2026
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced a partnership with Indian Oil Corporation (IndianOil) to support LPG cylinder distribution using the TVS King Kargo HD vehicle range.
The initiative aims to provide commercial mobility solutions for IndianOil's network of over 13,000 LPG distributors across India. The partnership intends to improve the efficiency of last-mile deliveries while supporting the transition to sustainable mobility. By using the TVS King Kargo HD, distributors are expected to reduce operating costs and carbon emissions.
Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, said, "At TVS Motor Company, we are focused on building mobility solutions that make everyday business more efficient and sustainable. Our partnership with IndianOil Corporation Limited brings together the strength of two trusted organisations to transform last-mile LPG cylinder distribution across the country. Through the TVS King Kargo range, we are enabling distributors with reliable, high-performance vehicles that help reduce operating costs, improve productivity, and support cleaner operations. This collaboration is another step towards making sustainable mobility practical, accessible, and impactful for businesses across India.”
V C Asokan, ED, SR & SH-TNSO, Indian Oil Corporation, said, "Indian Oil has consistently been at the forefront of delivering energy solutions that power the nation's growth while embracing sustainability. This initiative represents an important step towards modernising our LPG distribution ecosystem through sustainable mobility solutions. The induction of electric cargo vehicles will help improve fleet productivity, lower operating costs for our distributors, and contribute towards reducing carbon emissions. We believe this engagement will demonstrate how strategic industry partnerships can accelerate India's transition towards greener and more sustainable logistics."
Fiat Launches Topolino Micro EV In The United States
- By MT Bureau
- July 08, 2026
Fiat has introduced the Topolino to the United States market, marking the entry of Stellantis into the country's micromobility segment. The EV is available in two body styles, the Topolino and the Topolino Dolcevita, through select dealers with a manufacturer’s suggested retail price of USD 13,995, excluding destination fees.
The Topolino is a low-speed electric vehicle with a 5.4-kWh battery and a range of up to 46 miles (75 km). It has a speed of 19 mph (30.5 kmph), though owners can install a conversion kit by the end of summer 2026 to increase the speed to 25 mph (40 kmph), making it a street-legal low-speed vehicle (LSV) for roads with speed limits of 35 mph (56 kmph) or less.
Olivier Francois, CEO, Fiat, said, "Topolino represents a new chapter for the brand in the U.S. – defined not just by size, but by purpose. With Topolino, we bring a feeling, a lifestyle, a reminder that mobility can be joyful, expressive and beautifully simple. FIAT continues to stand apart by embracing its legacy in small cars, redefining mobility, and anticipating evolving customer needs. With the introduction of Topolino, FIAT brings its unmistakable Italian design and iconic character into this fast-growing segment, offering a fresh, stylish alternative that reimagines urban and neighborhood mobility."
The vehicle is part of the Stellantis FaSTLAne 2030 strategy, which focuses on providing mobility options. Fiat has also collaborated with Motori & Customs to offer customisation services for the Topolino.
Maruti Suzuki Commissions 1 MWh Battery Energy Storage System At Kharkhoda
- By MT Bureau
- July 08, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has commissioned a 1 MWh Battery Energy Storage System (BESS) at its manufacturing facility in Kharkhoda. The company installed a 20 MWp solar power project at the site in 2025.
The BESS stores electricity generated by the solar plant during periods of low demand or holidays for use when needed. The system is also intended to assist with grid stability and has been integrated into the facility's electricity distribution network as a pilot project.
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “Maruti Suzuki is strongly aligned with India’s focus on building self-reliant energy ecosystems. The introduction of Battery Energy Storage System (BESS) at our Kharkhoda facility is part of these continued efforts. With a lifecycle of about 15 years, BESS will help to reduce nearly 54 tonnes of CO2 emissions annually.”
“Going forward, our production volumes will increase from current levels. Despite this, we remain committed to lower Scope 1 & 2 emissions not only in terms of CO2 intensity but also in absolute CO2 emission in manufacturing. Our approach is in line with our parent company, Suzuki Motor Corporation’s environmental vision, which has set an intermediate target to reduce Scope 1 & 2 CO2 emissions by 42 percent by FY 2030-31 compared to FY 2022-23,” he added.
Oben Electric Begins Deliveries Of Rorr Evo E-Motorcycle
- By MT Bureau
- July 06, 2026
Bengaluru-based electric vehicle manufacturer Oben Electric has commenced deliveries of the Rorr Evo motorcycle with an initial delivery event in Bengaluru.
The company plans to roll out deliveries across its 150 showrooms nationwide in the coming weeks.
The launch follows 25,000 bookings received within 15 days of the motorcycle's launch in May 2026. Oben Electric stated that it is scaling production to meet this demand, supported by a facility with an annual capacity of 100,000 units. The company operates a retail and service network across 90 cities in 18 states.
The Rorr Evo is priced at INR 124,999 (ex-showroom) and features a 9 kW motor, a 3.4 kWh battery and has a claimed top speed of 110 kmph with a range of 180 km. The vehicle includes a 5-inch TFT display, navigation and connectivity features. Oben Electric designs and manufactures its batteries, motors, and software in-house.
Madhumita Agrawal, Founder & CEO, Oben Electric, said, "Building demand is one milestone but consistently delivering on that demand is what builds enduring customer trust. The commencement of Rorr Evo deliveries marks an important milestone for us as strong customer demand now translates into real motorcycles on the road, and we are deeply grateful to the customers who placed their faith in us. India is a motorcycle-first nation, and the next phase of electric mobility will be defined by electric motorcycles that fit seamlessly into everyday riding. As manufacturers, our responsibility is to bridge the gap between aspiration and adoption by building electric motorcycles that deliver uncompromised performance, reliability, safety and ownership confidence. Every delivery is a step towards making electric motorcycles a practical and trusted choice for millions of Indian riders."
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