On March 3, the National Company Law Tribunal (NCLT) in New Delhi ordered the liquidation of Hero Electric Vehicles Pvt Ltd after creditors failed to approve any resolution plan before the extended insolvency deadline of February 13, 2026. Despite multiple bidding rounds and two rival plans, the best‑supported propos

On March 12, Autoliv, Inc. and Yamaha Motor Co. announced that they have co-developed an innovative airbag system for the new Tricity 300 commuter scooter. This new airbag system is designed to protect the rider in the event of a front collision. The updated Tricity 300 model will be available from the first half of

On March 12, 2026, TVS Motor launched the TVS Orbiter V1, a 1.8 kWh variant positioned as its most affordable electric scooter, and rolled out Battery-As-A-Service (BaaS) across its EV portfolio. With BaaS, the Orbiter V1 starts at INR 49,999 (inclusive of PM E‑DRIVE), while customers opting to buy the scooter with t

On March 11, Zelio E-Mobility announced that it will set up its fourth manufacturing facility in Coimbatore, Tamil Nadu, a 39,000 sq. ft. plant that will handle electric scooter assembly, storage, logistics, and allied activities, with operational setup starting April 2026 and commercial operations targeted for July

On March 11, Kinetic Engineering Ltd (KEL) announced that its promoter group has infused an additional INR 400 million into the company via conversion of warrants, taking promoter shareholding to 65% from 49% four years ago. It mentioned that the fresh capital will strengthen its balance sheet and support growth acro

On March 7, Zelo Electric introduced the Knight+ Rani Edition, a limited-edition electric scooter for INR 69,990. It is based on the Knight+ platform and uses a 1.8 kWh portable LFP battery with a claimed 100 km range, paired with a 1.5 kW motor and a top speed of 55 km/h. The Rani Edition retains the standard Knight

On March 5, Ultraviolette introduced ‘Battery Flex’, a battery‑as‑a‑service (BaaS) plan developed with green-focused NBFC Ecofy, allowing customers to buy the X‑47 crossover electric motorcycle chassis starting at INR 149 thousand and subscribe to the battery from INR 2,499 per month with a five‑year battery warranty

On March 5, Bajaj Auto announced that KTM AG had fully prepaid all outstanding amounts on a EUR 450 million secured term loan extended by Bajaj Auto International Holdings BV (BAIH BV), its wholly owned subsidiary, leading to the termination of the facility agreement on March 5, 2026. 
The loan, executed on May 21, 2

On March 5, Motilal Oswal Financial Services said it acquired 350 thousand shares of Zelio E‑Mobility, representing a 1.65% stake, via a block deal at INR 280 per share for a total consideration of INR 98 million. Zelio raised INR 783.4 million in its October 2025 IPO.
It manufactures a range of low‑speed and high‑sp

On March 2, multiple sources reported that EV startup Bounce raised about USD 3.9 million in a funding round led by existing investors Accel, B Capital and Qualcomm Ventures,
According to regulatory filings with the Ministry of Corporate Affairs, the company allotted 3.76 million Series F compulsorily convertible pre

Announced on March 1, 2026, YADEA began operations at its new Bac Ninh manufacturing plant, marking a first-phase investment exceeding USD 100 million. 
Located in Tan Hung Industrial Park, the facility is designed for an annual output of around 1 million electric two-wheelers, with plans to double capacity in later

On February 27, Bajaj Auto announced that KTM AG, the Austria‑based motorcycle manufacturer and step‑down subsidiary, has signed a new EUR 550 million unsecured loan with an international banking consortium to refinance debt owed to Bajaj Auto International Holdings B.V.
The five‑year facility, bearing interest in t

In an investor update, Greaves Cotton Limited announced that it has earmarked INR 5–7 billion of capex over the next few years for its core businesses, focused on product development, manufacturing capability, and international expansion. The outlay will cover fuel‑agnostic engines, advanced gensets, rare‑earth‑free

On February 26, TVS Motor Company announced that it has re‑entered the South African two-wheeler market through a distribution partnership with The Nexus Collective, a distributor backed by Bidvest Group Limited. It mentioned that its overseas operations contributed about 25% of total sales in 2025, with Africa accou

Announced on February 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 vehicles reached 45,668 units in January 2026, surging 210.4% YoY.
Of the total, registrations of electric vehicles with four w

On February 24, Zelio E-Mobility commissioned a new manufacturing plant in Cuttack, Odisha, lifting its total installed capacity from 72,000 to 180,000 electric two‑wheelers per annum. The existing Ladwa, Hisar plant’s capacity has been raised to 120,000 units a year through process optimisation, while the new Odisha

On February 24, 2026, the Federation of Thai Industries (FTI) announced that motorcycle production in January 2026 reached 201,007 units, down 10.5% YoY, comprising 166,394 CBUs and 34,613 CKDs.
Note: The January 2025 figures (total, CBUs, and CKDs) have been revised from previously reported numbers. The updated figu

On February 19, EV startup Pluto Mobility raised USD 2 million in seed funding to build purpose‑designed electric vehicles for last‑mile delivery, led by Version One Ventures with participation from gradCapital and operators across logistics and hardware. The company is developing a scooter‑sized, fully covered elect

On February 13, Ola Electric said its heavy capex phase is largely complete after investing about INR 53 billion over the past few years in manufacturing, battery innovation, and R&D, creating vertically integrated capacity across motors, batteries, cells, electronics, and software. Management indicated that by March

Announced on February 19, 2026, the Securities and Exchange Commission (SEC) has authorized the merger of Honda Philippines, Inc. (HPI), a motorcycle manufacturer, and Honda Parts Manufacturing Corporation (HPMC). HPI will remain as the surviving company, and starting April 1, 2026, both operations will be unified un