Bengaluru-based electric motorcycle manufacturer Ultraviolette has announced that the prices for select variants of its flagship model, the F77 MACH 2, will be increased by up to five percent with effect from 1 January 2025. The starting price of the model will remain at INR 299,000.

Rising input costs and changing market conditions are the main reasons for this price change. Until 31 December 2024, Ultraviolette is offering a year-end discount of up to INR 14,000 on the F77 Mach 2 and Mach 2 Recon.

With a powertrain that produces 40.2 horsepower and 100 Nm of torque, the F77 Mach 2 redefines electric performance. It can accelerate from 0 to 60 kph in just 2.8 seconds. It has a 10.3 kWh battery and can go 323 kilometres in IDC on a single charge. The motorbike has several features, including a switchable traction control system, different ride modes, LED illumination and a TFT instrument cluster with Bluetooth connection.

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Liberty General Insurance Ltd (LGI) has become one of Tesla’s preferred insurance providers in the country. This partnership will provide Tesla owners with specialised coverage solutions designed specifically for electric vehicles, combining Liberty's insurance expertise with Tesla's cutting-edge automotive technology.

The alliance represents a meeting of minds, with both companies committed to transforming vehicle ownership through smart technology, digital-first services and forward-thinking mobility solutions. Liberty has developed a range of insurance products that not only match Tesla's high-performance standards but also address the specific requirements of EV drivers.

The insurance package includes EV Secure, offering complete protection for charging equipment including cables, connectors and home charging stations. The Battery Secure add-on provides dedicated coverage for battery systems, covering repair and replacement costs to maintain optimal performance throughout the vehicle's lifespan. For emergencies, Liberty Complete Assistance delivers premium 24/7 support services such as mobile charging, specialised EV towing, alternative transportation and accommodation arrangements. Tesla customers can further customise their coverage with optional add-ons like full value protection, tyre and consumables coverage, key replacement, personal item protection and loan payment support during total loss scenarios.

Parag Ved, CEO & Whole-Time Director, Liberty General Insurance Ltd, said, “Tesla’s entry into India represents far more than the arrival of a global automotive icon – it marks the beginning of a new era of mobility. At Liberty, we’re deeply honoured to be among Tesla’s preferred insurance providers for the Indian market. We see this as a moment of transformation, not just in how we drive, but in how we protect, serve, and anticipate the needs of the next generation of motorists. Our EV-specific offerings are not retrofitted; they are thoughtfully engineered from the ground up to complement the electric driving experience. Whether it’s safeguarding high-voltage batteries, offering roadside recharging or simplifying claims through our digital-first platform, we have reimagined insurance for a more intuitive, elevated future. We aim to not only support Tesla customers but also inspire broader adoption of sustainable vehicles by making protection smarter, more adaptive and reassuringly seamless. It’s more than a policy – it’s a commitment to forward motion, with purpose and precision.”

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Vietnamese auto maker VinFast Auto India has announced that it has officially opened bookings for its soon-to-be-launched VF 7 and VF 6 electric SUVs in the country. The EVs can be booked for a refundable amount of INR 21,000, for which the deliveries are set to begin next month. The models will be assembled at the company’s plant in Thoothukudi, Tamil Nadu.

The VF 7 features a spacious interior, Level 2 Advanced Driver Assistance Systems (ADAS), large touchscreen, connected car technologies, panoramic glass roof, wireless charging and signature LED lighting.

On the other hand, the VF 6 positioned as a family SUV, combines comfort with Level 2 ADAS, an intuitive infotainment system, connected features, signature lighting and a panoramic roof.

Pham Sanh Chau, CEO, VinFast Asia, said, “We are deeply encouraged by the overwhelming support from Indian consumers at the Bharat Mobility Global Expo. It reaffirmed the country’s readiness and enthusiasm for sustainable mobility solutions. The VF 6 and VF 7 represent our vision of bringing world-class EVs tailored to local needs, and we’re confident that Indian customers will find these models not only competitive, but truly inspiring.”

The Vietnamese auto maker has been taking rapid strides to establish its presence in the country, be it the recent onboarding of 13 dealer partners, partnering RoadGrid, myTVS and Global Assure to create a reliable, nationwide charging and aftersales service network. Furthermore, it also has partnered with BatX Energies for battery recycling and rare metal recovery.

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Bengaluru-based electric vehicle manufacturer Ola Electric aims to sell 325,000 to 375,000 units, which will translate to revenue of INR 42 billion to INR 47 billion in FY2026. It anticipates its auto business will achieve full-year EBITDA positive status, with gross margins expected to rise to 35-40 percent starting in the second quarter, buoyed by Production Linked Incentive (PLI) benefits.

The optimistic outlook follows a strong performance in Q1 of FY2026, where the company saw significant sequential growth and a key profitability milestone. It sold 68,192 two-wheelers, up 32.7 percent compared to 51,375 units sold in Q4 FY2025. The revenue came at INR 8.28 billion, up 35.5 percent over the previous quarter. Ola Electric claims its auto business achieved EBITDA positive status in June 2025, a significant turnaround from previous quarters. The auto segment's Q1 EBITDA improved sharply to -11.6 percent from -90.6 percent in Q4 FY25. Consolidated EBITDA also saw a substantial recovery to -28.6 percent.

Ola Electric's ‘Project Lakshya,’ a cost optimisation initiative, has driven considerable operational efficiencies. Monthly auto operational expenses have been reduced from INR 1.78 billion to INR 1.05 billion, with a target to further lower consolidated operational expenses to approximately INR 1.30 billion per month through FY26. This focus on efficiency has contributed to a notable improvement in free cash flow, which improved to negative INR 1.07 billion in Q1 from negative INR 4.55 billion in Q4 FY2025.

Product innovation continues to be a key driver, with the newly introduced Gen 3 scooters accounting for 80 percent of total scooter sales in the quarter. These models the company shared have not only improved margins but also led to a significant reduction in warranty claims. The rollout of Ola Electric’s Roadster X motorcycles is also progressing, now available in 200 stores across India and slated for further scaling during the upcoming festive season. Software adoption is also on the rise, with MoveOS+ adoption surging to nearly 50 percent among new customers.

A significant technological leap for Ola Electric is the in-house production of its 4680 Bharat Cell, set to power vehicles starting this Navratri. The company plans to fully utilise its 1.4 GWh capacity by the end of FY2026 and scale it to 5 GWh by FY2027. Furthermore, the company has successfully developed Heavy Rare Earths (HRE) free Motors, scheduled for production deployment in Q3 FY2026. These vertical integration efforts aim to reduce costs, enhance performance, and improve supply chain resilience.

Ola Electric aims to further solidify its position as an industry leader, being the only major EV player currently offering ABS-equipped products (S1 Pro+). The company is also developing its in-house ABS, expected to be production-ready by January 2026, aligning with evolving safety standards.

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Aventon, a pioneer in electric mobility, has launched the Aventure Mid Drive (Aventure M) fat tyre electric bike, elevating adventure riding with rugged capability, cutting-edge technology and refined performance.

Designed to conquer any terrain, the Aventure M combines meticulously engineered frame geometry, an 80 mm suspension fork and 4-inch tyres for unstoppable exploration. At its core, the powerful A100 mid-drive motor delivers 250W (750W peak) and 100 Nm of torque, ensuring responsive acceleration and customisable performance via Ride Tune.

Innovative features like AutoShift – an electronic shifting system exclusive in this category – eliminate gear guesswork by automatically selecting the optimal ratio based on terrain, cadence and torque. For steep inclines, Uphill Start Assist detects slopes and boosts power instantly, while the 80 mm suspension fork and 50 mm travel suspension seat post guarantee comfort on rough trails.

The Aventon Control Unit (ACU) integrates advanced security and connectivity, including GPS tracking, geofencing and a wheel lock, alongside real-time ride metrics like torque and power output. Available in Basalt, Camouflage and Pacific colourways, the Aventure M e-bike is priced at USD 2,899 and shipping begins July 2025.

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