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TVS backed Ultraviolette after nine years fights premium blues to chase mainstream EV sales

TVS backed Ultraviolette after nine years fights premium blues to chase mainstream EV sales

Ultraviolette, the TVS-backed electric two-wheeler startup, has struggled to grow beyond modest volumes for years, largely because its premium pricing limited mainstream appeal. Now, with renewed momentum in the EV two-wheeler segment led by competitors like Ather, Ultraviolette is trying to break through and reach meaningful scale. Can it finally turn attention into sales?

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Renault to launch 7 models in India by 2030 using dual platforms and EV push

Renault to launch 7 models in India by 2030 using dual platforms and EV push

Renault has unveiled an ambitious dual-platform strategy for India, aiming to roll out seven new models by 2030. One platform will focus on affordable vehicles priced under ₹10 lakh, while the second will cover larger segments and electrification, including EVs and SUVs. The company also sees India as a software development hub to support its future products.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Andhra clears Rs 2550 crore cathode plant to supercharge local EV and electronics supply chains

Andhra clears Rs 2550 crore cathode plant to supercharge local EV and electronics supply chains

Andhra Pradesh has approved a Rs 2,550 crore investment by NSPSL Speciality Chemicals to build a cathode material manufacturing facility in the Chittoor district. The move aims to localize a critical battery component, strengthening supply for electric vehicles and consumer electronics while boosting the state’s electronics and battery manufacturing ecosystem.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Zen Mobility and Delhivery launch EV partnership to roll out thousands across India in 3 to 5 years

Zen Mobility and Delhivery launch EV partnership to roll out thousands across India in 3 to 5 years

Zen Mobility and Delhivery have announced a long-term EV partnership aimed at deploying thousands of purpose-built electric vehicles across India over the next three to five years. The plan builds on existing traction, with more than 500 EVs already operational, signaling a major scaling push for logistics electrification and greener last mile operations.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
VinFast to break even in 2027 Vingroup targets 300000 vehicle deliveries

VinFast to break even in 2027 Vingroup targets 300000 vehicle deliveries

Vietnamese EV maker VinFast is expected to break even in 2027, Vingroup said. The company is targeting 300,000 vehicle deliveries this year, largely from domestic sales. VinFast also signaled it will not pivot back to petrol cars, reinforcing its commitment to an all-electric future even as it ramps up production and volumes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India EV Boom 2026 Faces Reality Check as Prices and Charging Gaps Stall Adoption

India EV Boom 2026 Faces Reality Check as Prices and Charging Gaps Stall Adoption

India’s EV market in 2026 is growing fast as new models and acceptance lift sales momentum. But the road ahead looks harder: high upfront costs, uneven charging infrastructure, and a challenging path to 30% EV sales by 2030. Without fixes to affordability and availability, the rollout could slow despite rising interest.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Maruti picks BYD Blade battery over Make in India for first EV safety speed reasons

Maruti picks BYD Blade battery over Make in India for first EV safety speed reasons

Maruti Suzuki’s first EV will rely on an imported BYD Blade battery pack, a clear break from localisation goals. The automaker cites safety, performance, speed of development, and regulatory complexity as key drivers. The decision underlines how technology readiness, geopolitics, and cost pressures are reshaping India’s EV race and supplier strategies.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Tesla Model Y L launched in India with extended wheelbase and fast charging premium upgrades

Tesla Model Y L launched in India with extended wheelbase and fast charging premium upgrades

Tesla has launched the Model Y L in India, bringing an extended wheelbase alongside premium features, advanced technology, and fast charging. Positioned strategically between Tesla’s higher-end and lower-cost lineups, the new variant aims to offer a middle-ground experience for Indian EV buyers looking for added comfort and performance-ready capability.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Ola’s million EV milestone hides a pricey warranty problem looming for buyers

Ola’s million EV milestone hides a pricey warranty problem looming for buyers

Ola’s push toward a million EVs is being shadowed by warranty costs that far exceed both rivals and traditional automakers. The imbalance has investors and customers wondering whether the company’s growth is being underwritten by rising repair liabilities, and how long the higher costs can remain sustainable as EV volumes scale up.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Brookfield to sell 550 MW Bikaner solar project for ₹3000 crore eyes EV focus

Brookfield to sell 550 MW Bikaner solar project for ₹3000 crore eyes EV focus

Brookfield Asset Management is preparing to divest its 550-megawatt solar project in Bikaner, Rajasthan, in a deal estimated at around ₹3,000 crore. Jefferies is managing the sale as initial bids come from both overseas and domestic investors. The transaction is part of Brookfield’s broader portfolio reshuffling amid India’s fast-growing renewables market, with an eye on future priorities including EV-linked investments.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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