Electric Vehicles

Several EV and charging components such as rectifiers, power modules, semiconductors, battery cells and PCBs are still largely imported. These create ecosystem-wide challenges including supply volatility, cost exposure, limited local integration, and scaling constraints. However, these gaps also represent one of India’s biggest opportunities.

IEEFA states that bridging the INR 10.3 lakh crore investment gap over the next five years will require moving beyond traditional subsidy-led approaches toward structural risk-sharing mechanisms that lower the cost of credit and attract private capital in the electric mobility sector.

A new report by IEEFA and Ember finds that India’s electricity transition is unfolding differently across states, shaped by variations in resource endowments, development pathways, and institutional capacities. While some states are already leading in renewable energy deployment and grid readiness, others are building momentum, presenting significant opportunities for accelerated progress through targeted, state-specific policy interventions.

Tata Group is developing two 50 MW solar power plants in Bundelkhand and Prayagraj, along with rooftop solar projects across several districts in Uttar Pradesh. Aligned with Uttar Pradesh’s EV subsidy policy, the Group is exploring opportunities to set up dedicated electric vehicle manufacturing facilities in the State.

A new report by KPMG outlines strategies to enhance resilience and competitiveness in India’s electric vehicle (EV) ecosystem amid sharply rising demand for critical raw materials such as lithium, nickel, cobalt, and rare earth elements.

Around 92% of the required investments—about $3.79 trillion—would flow into the energy transition, spanning renewable energy, storage, clean mobility, and green hydrogen.

Scaling electrified fleets relies not just on vehicles, but on the infrastructure that powers them: without a robust, accessible, and optimized charging ecosystem, fleet EV adoption may stall, undermining both environmental goals and operational efficiency.

Scientists in India have designed a system that uses PV panels, a proton-exchange membrane fuel cell, battery storage, and a supercapacitor. It also relies on an adaptive neuro-fuzzy inference system-based MPPT that reportedly achieves an efficiency of 98.7%.

Prime Minister Narendra Modi inaugurated the next phase of India’s battery ecosystem with the start of local production of battery electrodes at TDS Lithium-Ion Battery Gujarat Pvt Ltd (TDSG), Maruti Suzuki’s fellow subsidiary.

Schneider Electric is expected to merge WattBuy with EnergySage and Qmerit to provide an end-to-end experience for residential solar, EV integration, home electrification, and related services.