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

In an investor update, PPAP Automotive Limited announced that a regulatory change making it mandatory for e‑rickshaws to shift from lead‑acid to lithium‑ion batteries from April 2027 is creating strong demand, with customers now approaching the company to develop such battery packs. It added that it has recently gain

On February 12, Mahindra Last Mile Mobility Limited launched its new L5M electric auto-rickshaw, Mahindra UDO, for INR 384,299. It is built at Mahindra’s Zaheerabad plant, which has a stated capacity of 160,000 units across two shifts and currently operates at about 90,000 units. UDO is backed by an INR 2.18 billion

On February 9, Bajaj Auto Limited launched the WEGO P9018 electric three-wheeler for INR 441,247. It is equipped with a 17.7 kWh battery and offers a certified range of 296 km on a single charge. The vehicle is targeted at urban, semi‑urban, and rural operators who need higher passenger and luggage capacity for mediu

On February 6, 2026, Supertech EV Limited announced that it had commenced operations at its new manufacturing facility in Harapanahalli, Karnataka. The plant adds an annual production capacity of 12,000 electric two-wheelers and 1,200 electric three-wheelers.
The facility will manufacture existing models, including t

On February 5, TVS Motor Company launched the TVS King Kargo HD CNG for INR 270,648 with rollout in a phased manner. The TVS King Kargo HD CNG is powered by a 301.1 cc liquid-cooled engine delivering 9.1 kW of power and 22.4 Nm of torque, with a stated top speed of 62 km/h, ground clearance of 235 mm and a turning ra

On January 30, 2026, Luminous Power Technologies inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh, with a production capacity of 500 MWh. The facility integrates advanced robotic automation with precision-led manufacturing processes for quality, safety, and performance.
The assembly

On January 28, Suez Canal Economic Zone (SCZONE) signed a contract with Guide Automotive Technology to produce electric vehicles, batteries, and water purification and desalination membranes in the industrial zone in Ain Sokhna.
The project will be built on a total area of 70,000 square meters, with total investments

On January 22, 2026, Chargeup secured INR 220 million in funding led by IAN Group, an early-stage investment platform, along with Cap-A and existing investors. The company is building a driver-first EV tech platform for three-wheelers that enables loan security for lenders and earning security for drivers. The fundin

On January 20, the Minister of Investment and Foreign Trade, Egypt, met with the chairman of TVS Motors to discuss cooperation in the automotive industry and localizing production in Egypt. TVS confirms its interest in studying investment and production opportunities in Egypt for export to African markets. TVS has a

 On January 15, 2026, Atul Auto Limited announced that its board had approved buying the L5 electric three‑wheeler business of its subsidiary, Atul Greentech Private Limited (AGPL), as a going concern on a slump‑sale basis for INR 352.6 million, with completion targeted within 15 days of audit committee and board app

On January 5, 2026, Servotech Renewable Power System Limited announced its entry into the electric three-wheeler segment. The company unveiled SULTAN, a lithium-ion battery for electric three-wheelers, and Zest, a battery charger for three-wheeler OEMs, dealers, and distributors. Servotech also introduced Voltie, a 2

On December 31, the Ministry of Heavy Industries (MHI) announced that the targets set by the MHI for the electric three-wheelers (e-3Ws) (L5) segment have been met (288 thousand units) ahead of time under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme. The incentivization for e

On December 1, Omega Seiki Mobility announced the commercial launch of Swayamgati Cargo, an autonomous electric cargo three-wheeler, at an introductory price of INR 415 thousand. The vehicle is based on the existing Swayamgati passenger autonomy platform and is intended for use in campus logistics, industrial parks,

On November 26, Bajaj Auto launched its first electric-rickshaw models, the Riki P4005 for passengers and the Riki C4005 for cargo. The Riki P4005, equipped with a 5.4 kWh battery, offers a certified range of 149 km and is priced at INR 190,890. The cargo variant, Riki C4005, provides a 164 km range, a large tray, an

On November 20, Piaggio Vehicles Pvt Ltd launched two new diesel cargo three-wheelers, the Apé Xtra Bada 700 for INR 345 thousand and the Apé Xtra 600 for INR 288 thousand. The Apé Xtra Bada 700 features a 700 DI diesel engine, a 7-foot cargo deck, and a 750 kg payload capacity. The vehicle platform is entirely new,

On November 18, Kinetic Green Energy and Power Solutions Ltd. announced an alliance with Exponent Energy to introduce a rapid charging solution for electric three-wheelers, covering e-rickshaws and e-cargo carts.
Kinetic Green’s L3 models—including Safar Smart, Safar Shakti, and Super DX—will offer 15-minute chargin

On November 6, 2025, Greaves Cotton Limited shared its new business strategy, ‘GREAVES.NEXT’, outlining three focus areas, i.e., energy solutions, mobility solutions, and industrial solutions.
For Energy Solutions, it will strengthen its activities in power generation and the genset aftermarket. Mobility Solutions wi

On October 20, 2025, Power Build Batteries Private Limited (PBBPL), a subsidiary of Time Technoplast Limited, announced that it has received test report approval from the International Centre for Automotive Technology (ICAT), a division of the National Automotive Board, Government of India, for two variants of its e-

 On October 8, 2025, Zelio E-Mobility debuted on the BSE (Bombay Stock Exchange) as part of its SME IPO. The IPO opened from September 30 to October 3, 2025, with the final allotment completed on October 3. The issue was fully subscribed, driven by institutional interest—Qualified Institutional Buyers (QIBs) quota wa