On August 12, Yulu, a Bengaluru-based electric mobility-as-a-service (MaaS) platform, has secured USD 93 million in a funding round, comprising USD 63 million in equity led by GEF Capital Partners and USD 30 million in debt. The capital will be used to quadruple its active fleet to 200,000 electric vehicles over the
On August 10, the Ministry of Heavy Industries amended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, increasing its total outlay to INR 119 billion and extending its duration from April 1, 2024, to March 31, 2028. The earlier Electric Mobility Promotion Scheme (EMPS-2024) has
On July 11, BGauss launched its Oowah electric scooter range in India, comprising three variants: Oowah EX priced at INR 94,990 and Oowah Max and Oowah Max Plus, both at INR 123,000. The Oowah EX features a 2.3 kWh removable battery pack offering an ARAI-certified range of 105 km. The Max and Max Plus variants are po
In an investor update, Hero MotoCorp announced that it has expanded its monthly EV production capacity from 15,000 units at the end of FY 2026 (ending March) to 30,000 units per month as of early August 2026, to meet rising demand for its VIDA EV range. It remains on track to reach 45,000 units per month before the c
On August 12, Ola Electric Mobility announced that the Ministry of Heavy Industries (MHI) has approved revised timelines under the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) Scheme for its wholly owned subsidiary, Ola Cell Technologies Private Limited (OCT). The revision secures a full five-year
On June 22, Bengaluru-based EV start-up E3 Electric.AI introduced the E3 Trion electric scooter. It comes with three battery variants. C1 has a 2.3 kWh battery, and it has a range of 108 km. C1x has a 3-kWh battery with a range of 165 km. C2 also has a 3 kWh battery with a range of 128 km. C2 is a high-performance va
Reported on August 5, 2026, Thai Honda intends to maintain motorcycle prices in the near term despite rising production costs driven by higher raw material, oil, and logistics expenses amid ongoing tensions in the Middle East.
Thai Honda said the company is working with suppliers and dealers to manage costs, as price
On August 6, River Mobility announced that it has secured USD 120 million in Series C funding round, comprising of both equity and venture debt, making it one of the largest private investments in India's electric two-wheeler sector.
The funding round marks River Mobility's first major investment from Indian institut
In an earning conference call, RACL Geartech Limited announced that it has secured new business for high-end motorcycles in India.
The company has secured a new high-volume gear supply project from Royal Enfield for its 350cc motorcycles. The project involves the supply of gears which will have applications in trans
On August 4, Ask Automotive Limited announced that it has started commercial production of high pressure die casted (HPDC) alloy wheels for two-wheelers.
In 2025, Ask Automotive signed a technical assistance and license agreement with Kyushu Yanagawa Seiki Co., Ltd. (KYSK), Japan, to produce high-pressure die-cast al
On August 3, Ather Energy announced that its Factory 3.0 at AURIC in Chhatrapati Sambhaji Nagar remains on schedule. Its Phase 1 will have an annual production capacity of 500,000 units. It is expected to commence production during Q3 FY27 (ending December 31, 2026).
The new plant will have a one-million-unit annual
On August 4, Siemens announced that Simple Energy, an Indian electric two-wheeler manufacturer, has expanded its adaptation of Siemens' cloud-based software solutions to supports its product engineering and digital transformation as it grows its EV portfolio.
Simple Energy is using solutions from the Siemens Xcelerat
On July 31, Hero MotoCorp's electric brand VIDA introduced the VIDA EVOOTER VX2 Go FB (3.1 kWh), priced at INR 113,000.
The new variant is powered by a 3.1 kWh fixed battery that offers an IDC-certified range of 128 km. It features a 6-kW electric motor with a top speed of 70 km/h. It features a 4.3-inch LCD display
On August 3, Greaves Electric Mobility Limited (GEML) announced an additional equity infusion of INR 5.3 billion through a Rights Issue. The investment is fully subscribed by the existing shareholders in proportion to their existing shareholding, including Greaves Cotton Limited (GCL) and Abdul Latif Jameel Green Mob
Announced on July 24, 2026, the Federation of Thai Industries (FTI), citing data from the Department of Land Transport, reported that registrations of all types of 100% electric mobility reached 22,898 units in June 2026, up 55.6% YoY.
Registrations of electric vehicles with four wheels or more totaled 20,016 units,
On July 29, Royal Enfield announced an investment of INR 12.25 billion for Phase I of its greenfield expansion project in Andhra Pradesh.
The new facility will have an annual production capacity of up to 450,000 motorcycles at full utilisation. The capacity expansion is expected to be completed by FY2029-30.
With t
On July 28, multiple sources reported that Avore Electric, a Gujarat-based electric motorcycle startup, unveiled three electric motorcycles, the EX1, EX2, and EX2S. These are the brand’s first products and are available for pre-booking.
The entry-level, EX1 has a 3.24 kWh battery and a 10.5 kW motor. It has a claime
On July 24, Honda Motorcycle & Scooter India (HMSI) announced an expanded portfolio of 10 motorcycles and scooters for the Indian market. It includes seven all-new models and three refreshed models with new color options. Select models in the portfolio will also be equipped with Honda E-Clutch technology, which autom
On July 26, Hero MotoCorp announced the global debut of VIDA in Nepal, marking the brand's first international market entry and the start of its global operations through a distributor partnership with CG Motors (Chaudhary Group). It has introduced the VIDA VX2 EVOOTER range and the VIDA DIRT.E K3 youth off-roader.
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