Electric Vehicles

As battery costs decline, charging networks mature, and financing models improve, e-trucks can move deeper into mainstream freight. India’s logistics transformation is no longer only about moving goods faster. It is about moving them with lower emissions, stronger energy security and better lifecycle economics.

Renewables business PAT increased 59% YoY to INR 1,994 crore (including INR 857 crore from solar cell and module manufacturing unit).

A new briefing note by Institute for Energy Economics and Financial Analysis (IEEFA) finds that India’s imports of key energy transition minerals and their compounds are highly concentrated, underscoring significant supply risks and the importance of diversification to enhance supply security.

As electric mobility enters its software-defined era, the Battery Management System is emerging as one of the most strategic enablers of vehicle differentiation. Its role extends far beyond protection; it now determines how efficiently energy is used over long drives, how accurately range is predicted, how safely fast charging is managed, and how well the battery ages over time.

Battery swapping and fast charging are often positioned as competing solutions. In reality, they are responses to fundamentally different operational needs. 

Ashok Leyland, a Hinduja Group-owned commercial vehicle manufacturer, has begun the construction of a greenfield EV battery pack manufacturing facility at Pillaipakkam near Chennai. The project would entail an investment of INR 400-500 crore.

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.