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TVS Takes the E2W Crown: Surpasses Ola Electric in April

TVS Takes the E2W Crown: Surpasses Ola Electric in April

TVS Takes the E2W Crown: Surpasses Ola Electric in April

 

TVS Motor Secures the Leading Position in Electric Two-Wheeler Sales.

TVS Motor has achieved the leading position in electric two-wheeler (E2W) sales for April, marking a significant shift in the competitive landscape. This surge in sales pushed Ola Electric to second place, continuing a trend where the once-dominant company has struggled to maintain its top ranking.

The total number of electric two-wheelers sold in India during April 2025 amounted to 91,791 units, reflecting a significant 40% increase compared to the sales figures from April 2024. This figure surpasses the previous record of 66,878 units sold in April 2023. The sales data is based on information from the Vahan database, a national vehicle registry in India.

TVS Motor’s Performance

TVS Motor outperformed Ola Electric by a narrow margin of 27 units in April 2025. The company recorded sales of 19,736 units, boosted by an additional 1,534 units sold on April 30, coinciding with the Akshaya Tritiya festival, which is considered an auspicious time to make purchases. TVS Motor now holds approximately 22% of the E2W market share, achieving a record for the highest single-day sales volume by any leading electric two-wheeler manufacturer.

Ola Electric’s Decline

Ola Electric’s current performance marks a considerable decline compared to its standing in April of the previous year. During that period, Ola Electric held a commanding 52% market share. However, its market share has now declined to 21%. The company has faced a series of challenges, including controversies and reports of unsatisfactory dealership experiences, which appear to have deterred customers. April 2025 marks the third consecutive month that Ola Electric has failed to secure the top sales position, having been previously surpassed by Bajaj Auto in the preceding two months. The April 2025 figures also indicate a 42% YoY decrease in Ola Electric’s sales.

Bajaj Auto’s Position

With 19,001 units of its Chetak electric scooter sold in April, Bajaj Auto claimed the third spot in electric two-wheeler sales, demonstrating an impressive 151% year-over-year increase for the company. Vahan data indicates that Bajaj Auto sold 1,258 electric scooters on the final day of April. The recent introduction of the Chetak 2900, priced at Rs 1.15 lakh ex-showroom, may have influenced some potential buyers to delay their purchases in anticipation of this more affordable model.

Market Dynamics and Future Outlook

The Indian electric two-wheeler market is dynamic and evolving rapidly. Even though TVS Motor now leads the April 2025 electric two-wheeler sales charts, the industry is still a dynamic battlefield with constant change and intense rivalry between competitors. Companies are vying for market share through new product launches, pricing strategies, and addressing customer concerns.

Ola Electric’s decline highlights the importance of customer satisfaction and addressing service-related issues. The company’s ability to regain market share will depend on how effectively it resolves these challenges and rebuilds consumer confidence.

Bajaj Auto’s growth demonstrates the increasing demand for its Chetak electric scooter. The introduction of a more affordable variant could further drive sales and solidify its position in the market.

Other players in the E2W segment are also contributing to the market’s expansion, offering a variety of electric scooter models with different features and price points. This increasing competition is benefiting consumers by providing them with more choices.

Government Support and Industry Growth

The Indian government’s support for electric vehicles through various policies and incentives is playing a crucial role in driving the growth of the E2W market. Initiatives such as subsidies, tax benefits, and the development of charging infrastructure are encouraging consumers to adopt electric mobility.

As battery technology improves and prices of electric scooters become more competitive, the E2W segment is expected to continue its strong growth trajectory in the coming years. This growth will not only reduce carbon emissions but also create new economic opportunities and transform urban transportation in India.

Final Thoughts

April 2025 witnessed a shift in India’s electric two-wheeler industry, with TVS Motor rising to the forefront, signaling a significant evolution in the market. The impressive expansion of TVS Motor and Bajaj Auto stands in stark opposition to Ola Electric’s significant drop in market share. Ola Electric’s challenges highlight the critical importance of customer satisfaction and effective service delivery in this competitive sector. The overall growth of the E2W market is being propelled by government support and increasing consumer awareness of the benefits of electric mobility. This increased awareness, combined with a wider range of product offerings, is empowering consumers to make informed choices, further fueling the expansion of the electric two-wheeler segment and paving the way for a more sustainable transportation ecosystem in India.

 

 

 

The image added is for representation purposes only

Warburg Pincus Acquiries 10% Share in IDFC First Bank

India Boosts Electronics Component Manufacturing with New Incentive Scheme

India Boosts Electronics Component Manufacturing with New Incentive Scheme

India Boosts Electronics Component Manufacturing with New Incentive Scheme

 

The government unveils a ₹23,000-crore plan to boost domestic output.

To significantly strengthen its domestic electronics production base, the Indian government has officially announced the operational framework for the ₹23,000 crore Electronics Components Manufacturing Scheme (ECMS). This strategic initiative is designed to substantially increase the domestic value contribution within the electronics sector and bolster India’s standing in the global supply network.

Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, emphasized that companies demonstrating strong local design expertise and adherence to stringent ‘six sigma’ quality standards will be given priority in the application process. He suggested that businesses lacking in-house design teams in India risk missing out on the anticipated rapid expansion of the nation’s electronics ecosystem over the next five years.

The online application portal for this six-year scheme will be operational from May 1st. This timely launch coincides with ongoing global geopolitical shifts, presenting a favorable environment for India to attract adjustments in global value chains. S Krishnan, Secretary of the Electronics and IT Ministry, assurance that the ECMS would allow India to significantly boost its share of the world’s electronics production, The objective of this initiative is to increase the current level of domestically added value in electronics manufacturing from 3% to 8% within a six-year timeframe.

The government anticipates that the ECMS will attract new investments totaling ₹59,350 crore, generate approximately 91,600 direct jobs, and facilitate production valued at an estimated ₹4,56,500 crore. The scheme offers a flexible incentive structure, including both turnover-linked and capital expenditure (capex) incentives, or a combination, tailored to the specific needs of the manufactured components. It’s worth noting that a component of both categories of financial benefits is tied to the generation of employment opportunities.

Wide-Ranging Support for the Electronics Ecosystem

The ECMS provides extensive coverage across crucial segments of the electronics manufacturing value chain. This includes key sub-assemblies like display and camera modules, fundamental bare components such as multilayer printed circuit boards (PCBs) and lithium-ion cells, and specialized advanced bare components like High-Density Interconnect (HDI) or Modular Semiconductor Assembly Platform (MSAP) PCBs. Furthermore, the scheme extends support to the essential supply chain ecosystem and the acquisition of necessary capital equipment for electronics manufacturing.

The period for submitting applications for sub-assemblies, fundamental components, and certain specified fundamental components will last for three months. Conversely, the supply chain ecosystem and capital equipment sectors will have an extended application period of two years.

Industry Leaders Express Strong Support and Commitment

Atul Lall, Vice Chairman and Managing Director of Dixon Technologies, a leading electronics manufacturing services provider, affirmed the company’s strong commitment to participating in at least four component categories under the ECMS, indicating significant upcoming investments.

Industry bodies have highlighted the critical need for international collaborations and strategic state-level partnerships to effectively expand and strengthen India’s electronics manufacturing ecosystem.

Building on Existing Growth Momentum

Minister Vaishnaw highlighted the significant fivefold increase in India’s domestic electronics production and the sixfold surge in exports over the past decade. This existing strong growth, he asserted, provides a robust foundation for the ECMS to achieve its objectives. He noted that the initial groundwork for establishing a strong electronics industry in India has been laid, paving the way for even more rapid growth.

Recent data shows that India’s annual electronics production has surpassed ₹11 lakh crore, approximately $129 billion. With an intermediate goal of reaching $300 billion in electronics production by 2026, the nation has established an ambitious long-term target of achieving $500 billion in domestic electronics output by the fiscal year 2030-31.

Complementary Initiatives Strengthening the Sector

In a parallel development, Sarvam AI, an artificial intelligence startup located in Bengaluru, has been chosen as the pioneering entity to create a homegrown foundational model as part of the IndiaAI Mission. This highlights the government’s holistic approach to fostering technological advancement.

Pankaj Mohindroo, Chairman of the India Cellular & Electronics Association, anticipates strong competition among states to offer attractive incentives for investments under the ECMS. He pointed out the substantial manufacturing base of the mobile phone sector, which is close to $62 billion, and predicted that the ECMS will expand this expansion to the ecosystem of components and sub-assemblies.

Mohindroo emphasized that effective integration with global value chains (GVCs) is crucial for achieving scale and enhancing competitiveness. Acknowledging its significance, Ashok Chandak, who heads both SEMI India and IESA, praised the ECMS for its potential to bolster India’s manufacturing and product innovation sectors, emphasizing its synergistic relationship with the India Semiconductor Mission. He noted ongoing efforts to attract global players through MoUs and SEMI Global networks.

Targeted Incentives for Various Component Categories

Under the ECMS, display and camera module sub-assemblies with investments of ₹250 crore are eligible for turnover-linked incentives. To be eligible for these incentives in the bare components category, investments must fall within the range of ₹50 crore to ₹500 crore, with the specific amount varying based on the type of component. Selected advanced bare components, requiring investments between ₹250 crore and ₹1,000 crore, will receive a 25% capex incentive in addition to turnover-linked incentives. Capital expenditure for supply chain and capital equipment investments, with a minimum of ₹10 crore, will be eligible for a 25% incentive.

Final Thoughts:

An important step toward expanding electronics manufacturing in India was the introduction of the Electronics Components Manufacturing Scheme. By offering a mix of incentives and prioritizing quality and design, the scheme aims to attract significant investment, create jobs, and elevate India’s global position. The timing, amidst global shifts, enhances its potential for transformative growth, building on existing momentum through collaborative efforts.

 

 

 

 

The image added is for representation purposes only

Nextiva is hiring 150 professionals in India as part of its global expansion with the Bengaluru hub.

Wales government to discuss with welsh companies on investing in gift city in kochi: The Kerala government has agreed on a student exchange programme and is sending the healthcare workers to Wales, which is held by the government. A Kerala chief minister has been on a tour of Europe, including a stop in London to promote a programme that will send health workers from Kerala to Wales, as well as student exchanges through the taith program. The Taith programme is a five-year Welsh government initiative that brings students and educators from all over the world to Wales.with the aim of raising its benefits to the country’s international profile. Earlier, Kerala industries minister Veena George had been welcomed to Cardiff, in Wales. According to officials, chief minister Pinarayi Vijayans, who was part of the Wales ministerial delegation from Kerala, stated that the government will take the initiative to discuss with companies about investing in the gift city, which will be launched in Kochi, which is located in the southern state. The chief minister officer stated in a statement that a decision was also made to sign a memorandum of understanding with the Welsh government for the purpose of sending health professionals from Kerala to the European country.and also said that the first batches of health professionals under the memorandum of association are expected to arrive in Wales by next year. The discussion was held in between the Kerala delegation, which was held by the chief minister, Pinarayi Vijayan, and interaction with the first minister of Wales' government, Mr. Mark Drake, as well as with the other members of his government, including along with the Welsh health minister and social service minister, Eluned Morgan. Furthermore, the CMO stated that, according to a study conducted by the school of architecture, the problems highlighted by the port city of Kochi were noise pollution, water pollution, traffic, and other general pollution, among other things, faced by pedestrians.There should be a need to maintain biodiversity etc.

Wales government to discuss with welsh companies on investing in gift city in kochi:

Wales government to discuss with welsh companies on investing in gift city in kochi:

The Kerala government has agreed on a student exchange programme and is sending the healthcare workers to Wales, which is held by the government. A Kerala chief minister has been on a tour of Europe, including a stop in London to promote a programme that will send health workers from Kerala to Wales, as well as student exchanges through the taith program.

The Taith programme is a five-year Welsh government initiative that brings students and educators from all over the world to Wales.with the aim of raising its benefits to the country’s international profile. Earlier, Kerala industries minister Veena George had been welcomed to Cardiff, in Wales.

ministerial delegation:

According to officials, chief minister Pinarayi Vijayans, who was part of the Wales ministerial delegation from Kerala, stated that the government will take the initiative to discuss with companies about investing in the gift city, which will be launched in Kochi, which is located in the southern state.

The chief minister officer stated in a statement that a decision was also made to sign a memorandum of understanding with the Welsh government for the purpose of sending health professionals from Kerala to the European country.and also said that the first batches of health professionals under the memorandum of association are expected to arrive in Wales by next year.

The discussion was held in between the Kerala delegation, which was held by the chief minister, Pinarayi Vijayan, and interaction with the first minister of Wales’ government, Mr. Mark Drake, as well as with the other members of his government, including along with the Welsh health minister and social service minister, Eluned Morgan.

Furthermore, the CMO stated that, according to a study conducted by the school of architecture, the problems highlighted by the port city of Kochi were noise pollution, water pollution, traffic, and other general pollution, among other things, faced by pedestrians.There should be a need to maintain biodiversity etc.

Adoption of high speed rails can aid in growth of India’s EV adoption rate like China

the-cabinet-okays-a-rs-10000-crore-futuristic-revamp-of-three-major-railway-stations

The Cabinet okays a Rs 10,000 Crore futuristic revamp of three major railway stations.

The union cabinet meeting, which is chaired by the hon. prime minister, Narendra Modi, have gave approval for the redevelopment of 3 major railway stations with a total investment of Rs 10,000 crores. Further, union minister of railways Ashwini Vaishnaw has said that the stations will be develop with a futuristic design.
1. New Delhi railway station
2. b] The railway station in Ahmadabad, as well as
3. c] Mumbai’s Chhatrapati Shivaji Maharaj Terminus [CSMT].
A railway station is an important and central place for any city. PM Shri Narendra Modi has given importance to station development in the transformation of railways by using green building techniques method with solar energy, water conservation, recycling and improved tree cover. cabinet decision gives a new direction to the station dev.,work on development of 199 station on and from these tenders have been issued for 47 railway stations. For the remaining stations, the master planning and design is in progress. Work progression is fast for 32 stations and the cabinet has sanctioned an investment of Rs 10,000 crores for 3 big stations, namely New Delhi, CSMT Mumbai and Ahmadabad.

The components of railway station design will be:

Every station will have a spacious roof plaza of [38/72/108m] with all the passengers’ amenities in one place, along with spaces for retail, cafeterias, and recreational facilities..
Both sides of the city will be connected to the station, and with the station building on both sides of the railway tracks.

Facilities like food courts, waiting lounges, playing areas for children , and places for local products, etc. will be available.

To make stations comfortable , there will be a proper illumination , way finding, signage, acoustics, lifts, escalators, and travelators.

A detailed plan have been prepare for the smooth movement of traffic with adequate parking facilities.

There will be corporations for transportation like metro, buses, etc.

Green building techniques will be use in stations redeveloping with solar energy, water conservation, and recycling and improved tree cover.

Special care will be taking to provide Divyang with friendly facilities.

This stations will be built on the concept of elegant building.

There will be segregation of arrivals and departures, clutter-free platforms, improved surfaces, and fully covered platforms.

All stations will have a CCTV installation with remote access.

development benefits:

These will be iconic station buildings. However, shifting from the earlier stance, the ministry will no longer be looking at station redevelopment on a public–private partnership [ppp] basis, the minister said. The 3 stations will be develop completely through budgetary means, he added. The projects will be tendered out through the engineering procurement and construction [EPC] mode. This comes from the ministry had earlier floated a tender for the redevelopment of Chhatrapati shivaji maharj terminus under the build-operate-transfer [BOT] MODE. A form of PPP.

The benefits of the EPC mode are that it results in the creation of 35,744 new jobs; it improves the daily experience of more than two million travellers; it also helps the local economy through investment and additional business opportunities; and it promotes transit-oriented development of cities.

The development assumes significance with respect to the monetisation plans of the railway ministry , which is the second highest contributor to the centres The Rs 6 trillion national transportation .Further, Vaishnaw said that the Delhi station will take around 3.5 years to complete as it involves complex operational changes, and the other two railway stations, Ahmadabad and CSMT Mumbai, will be ready in 2.5 years. The redevelopment of the stations is to be complete in a time span of approximately 2–3.5 years.

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