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Haryana’s vehicle curbs and EV shift to impact electricity demand

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The Government of Haryana has announced a phased action plan to control air pollution in the National Capital Region (NCR). From January 1, 2026, only electric or compressed natural gas (CNG)-powered two-wheelers, light commercial vehicles, and N1-category large goods vehicles will be allowed to join vehicle fleets in NCR districts. All new autorickshaws must also be electric or CNG-based. A complete ban on non-BS-VI compliant goods vehicles, including those carrying essential commodities, will come into…

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MHI issues guidelines for EV passenger car manufacturing scheme

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The Ministry of Heavy Industries (MHI) has issued final guidelines for the “Scheme to Promote Manufacturing of Electric Passenger Cars in India.” The scheme supports India’s Make in India initiative and aims to attract global electric vehicle (EV) manufacturers. Approved applicants will be allowed to import completely built-up (CBU) electric four-wheelers (e-4W) at a reduced customs duty of 15 per cent for five years. Imported vehicles must have a minimum cost, insurance, and freight (CIF)…

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Maharashtra notifies EV policy 2025, targets 30% EV penetration by 2030

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The Government of Maharashtra has released the Maharashtra Electric Vehicle Policy 2025. The policy takes effect from April 1, 2025, and will be implemented till March 31, 2030. It replaces the earlier 2021 policy, which expired in March 2025. The state has set a target to achieve 30% electric vehicle (EV) penetration across all new vehicle registrations by 2030. More aggressive targets have been set for specific segments—40% for two-wheelers and passenger three-wheelers, 30% for…

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Cygni Energy opens 4.8 GWh BESS gigafactory in Hyderabad

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Cygni Energy has inaugurated a fully automated battery energy storage system (BESS) gigafactory in Hyderabad with an annual production capacity of 4.8 GWh.  The facility, developed with an investment of over Rs 1 billion, is located at E-Mobility Valley in Maheshwaram’s electronics manufacturing cluster. Spanning 160,000 sq. ft., the Phase-I plant will manufacture high-capacity battery packs for electric vehicles and grid-scale storage. Cygni has already secured a 1 GWh order pipeline from BESS developers and…

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Hindalco commissions EV component plant in Pune

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Hindalco Industries Limited, part of the Aditya Birla Group, has commissioned an electric vehicle (EV) component manufacturing facility in Chakan, Pune. Built at a cost of Rs 5 billion, the plant spans 5 acres and marks Hindalco’s entry into the EV components space. The facility focuses on producing lightweight aluminium battery enclosures, critical for improving EV efficiency and crash resistance. It has an initial annual capacity of 80,000 units, which will be scaled up to…

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Refex Green Mobility acquires 2,997 electric four-wheelers

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Refex Green Mobility Limited has acquired 2,997 electric four-wheelers (e4Ws) from Gensol Engineering Limited for Rs 3.15 billion. The acquisition includes the transfer of Gensol’s existing loan facility. The e4Ws will be deployed in key markets such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune, where Refex Green Mobility operates.  The company also plans to lease the vehicles to Blu-Smart Mobility Limited to support operations in Delhi NCR and Bengaluru.

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Lubi Industries to supply 1,400 fast DC EV chargers for BPCL outlets

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Lubi Industries has secured a contract from Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC electric vehicle (EV) chargers across India. These chargers, with a 60 kW capacity, will be installed at BPCL retail outlets to provide reliable and efficient charging solutions for EV users. This project represents a significant portion of the annual DC charger installations in India and supports the country’s expanding EV infrastructure.  The chargers will…

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Exide Industries invests Rs 1499.90 million in lithium battery subsidiary EESL

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Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription.  This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each, at a premium of Rs 26 per share, aggregating to Rs 1,499.90 million. Despite this investment, Exide’s shareholding percentage in…

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Oben Electric raises $5.82 million in Series A funding

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Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices.  The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio.  The Bengaluru-based electric bike startup currently sells its motorcycle…

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Union minister reviews Lakshadweep’s power sector

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Union Minister of Power and Housing & Urban Affairs Shri Manohar Lal reviewed the power sector scenario for the Union Territory (UT) of Lakshadweep in Kavaratti.  Shri Praful Patel, Administrator of Lakshadweep, along with senior officials from the UT administration, Government of India (GoI), and Power Finance Corporation (PFC), attended the meeting. Key issues discussed included the status of power generation, the performance of the electricity department, demand-supply challenges, and the implementation of the PM…