evs

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Daily News Wrap-Up: MNRE Designates SECI as Sole Bidding Agency

The Ministry of New and Renewable Energy (MNRE) designated the Solar Energy Corporation of India (SECI) as the sole renewable energy implementing agency (REIA) for...

April 7, 2026

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Mercom Staff

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Daily Wrap-up
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Neuron Energy Sets Up 5 GWh Battery Storage Facility, Expands Beyond EV Segment

Mumbai-based electric vehicle (EV) solutions company Neuron Energy has commissioned a ₹1 billion (~$10.76 million) battery energy storage system manufacturing facility...

April 6, 2026

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Rakesh Ranjan

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Energy Storage

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Finance and M&A
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MHI Slashes Incentives for Electric Two and Three-Wheelers Under PM E-DRIVE

The Ministry of Heavy Industries (MHI) has amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program,...

April 1, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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Parliamentary Panel Flags Low EV Program Utilization and Skewed Spending by MHI

Parliament’s Standing Committee on Industry has raised concerns about the dominance of the automobile and electric vehicle (EV) ecosystem in the Ministry of Heavy...

March 25, 2026

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Rakesh Ranjan

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Electric Vehicles

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Markets & Policy
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ChargePoint’s Revenue Up 7% YoY in Q4 FY 2026, Net Loss Down 48%

U.S.-based electric-vehicle charging solutions company ChargePoint reported revenue of $109.3 million in the fourth quarter (Q4) of fiscal year (FY) 2026, a 7%...

March 6, 2026

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Battery Solutions Provider Coulomb Litech Raises ₹200 Million in Seed Funding

Mumbai-based battery solutions provider Coulomb Litech has raised ₹200 million (~$2.21 million) in its latest seed round, aiming to accelerate the electrification of...

February 24, 2026

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Rakesh Ranjan

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Electric Vehicles

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Grid
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Olectra Greentech Bags Two Orders for Electric Buses Worth ₹18 Billion

Olectra Greentech’s subsidiary, EveyTrans, has secured two orders from the Telangana State Road Transport Corporation (TGSRTC) for the supply, operation, and maintenance...

February 23, 2026

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Rakesh Ranjan

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Electric Vehicles

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Grid
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Fluence Energy’s Revenue Jumps 154% to $475.2 Million in Q1 FY2026

Utility-scale energy storage firm Fluence Energy recorded revenue of  $475.2 million, an increase of approximately 154.4% year-over-year (YoY), in the first quarter (Q1)...

February 9, 2026

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Rakesh Ranjan

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Energy Storage

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Finance and M&A
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Big Push for Solar, EVs, Critical Minerals and Strategic Manufacturing in Budget 2026

The Union Budget 2026–27 has placed clean energy and manufacturing at the center of India’s growth strategy, unveiling targeted outlays, customs duty rationalization,...

February 1, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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Luminous Enters Li-ion Battery Manufacturing with 500 MWh Assembly Line

Gurgaon-based energy solutions provider Luminous Power Technologies has inaugurated its first lithium-ion (Li-ion) battery assembly line at Baddi in Himachal Pradesh....

January 30, 2026

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Rakesh Ranjan

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Energy Storage

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Manufacturing
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Global Battery Demand Soars, but Margins Tighten on Overcapacity

The global lithium-ion (Li-ion) battery industry is at an inflection point characterized by rapid demand growth, falling prices, technological advancements, and...

January 20, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Government Notifies Performance Standards for EVs Under PM E-DRIVE Program

The Ministry of Heavy Industries (MHI) has notified amendments to the Production-Linked Incentive (PLI) program for the automobile and auto components industry. The...

January 14, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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Local Manufacturing Mandate for EV Parts May Cause Short-term Supply Gaps, Price Rise

The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement...

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Trump Pauses Clean Energy Spending but IRA Tax Credits to Survive

Soon after assuming office as U.S. president, Donald Trump issued a raft of executive orders seeking to reverse his predecessor’s climate and energy agenda. One order...

January 27, 2025

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B.S. Nagaraj

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Other

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Renewable Energy
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Top Developments that Shaped the Electric Vehicle Industry in 2024

India has over 4.64 million registered electric vehicles (EV). The year 2024 saw EV adoption increase across all categories due to various incentives and subsidies...

December 30, 2024

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Melvin Mathew

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Electric Vehicles

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Grid

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Mercom Research Focus

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