Altigreen Launches neEV Tez In Partnership With Exponent Energy
- By MT News
- January 10, 2023
Altigreen, in collaboration with Exponent Energy, has launched a new variant of its three-wheeler cargo EV, neEV – the neEV Tez. Exponent Energy is an energy start-up that aims to simplify energy for EVs.
NeEV Tez has been launched keeping all business owners in mind, from those owning a single vehicle to an aggregator of 1000s of vehicles in the logistics space. Altigreen states that the aim is to deploy 2000 neEV Tezs as part of the first phase of commercialisation in Bengaluru, India. Exponent will deploy at least 100 e^pumps in every city that it operates in, starting with Bengaluru.
Featuring a 8.2kWh e^pack, a proprietary battery by Exponent built using regular LFP cell chemistry, neEV Tez delivers a 98-kilometre range (ARAI certified) and city drive range of 85 kilometres. Altigreen claims that the cargo EV charges from 0 to 100 percent in 15 minutes at Exponent’s e^pump charging network, making it the world’s fastest charging electric vehicle.
neEV Tez starts at a price point of INR 35.5 billion, with a vehicle warranty of five years/100,000 lakh kilometres and an unprecedented battery warranty of five years/156,000 kilometres. Earlier, in August 2022, Altigreen and Exponent Energy had announced their partnership aimed at making rapid charging a reality for electric vehicles on Indian roads. According to Altigreen, neEV Tez is the first product to emerge out of this partnership, featuring Exponent’s proprietary liquid-cooled battery that delivers an industry-first performance of 0-100 percent charge within 15 minutes. This is achieved by the e^pump delivering 600A of current to the e^pack (15 times the industry standard) while managing individual cell characteristics – including thermals. Altigreen states that this helps ensure safety, long battery life and performance consistency even at 50 degrees Celsius. The unprecedented warranty on the battery has been offered with 3000 fast-charge cycles tested, as per Altigreen.
Sharing his views, Dr Amitabh Saran, Founder and CEO, Altigreen, said, “neEV Tez will ensure maximum utilisation of the vehicle, owing to its long range and low charging time, thereby resulting in more trips on a single charge and high earnings opportunity. While consumers acknowledge that EVs offer a smoother driving experience, some have doubts arising from the myth of EVs being unpredictable and unreliable. For cargo businesses, this can be a potential hindrance in the business, forcing a cap on the delivery jobs one can take. Traditionally, the root cause of this anxiety has been attributed to range and prolonged charging time. The game-changing neEV Tez finally offers a new and robust solution with its 15-minute full charge capabilities. So the next time a consumer asks us, ‘Kitna chalti hai?’, we’d like to tell them, ‘Chaltie rehti hai!’
Putting across his views, Arun Vinayak, Co-founder, Exponent Energy, said, “We're proud to launch the world's fastest charging three-wheeler, the neEV Tez, in partnership with Altigreen. While the neEV series already has best-in-class volumetric load capacity and ground clearance, the neEV Tez, with a 15-minute full charge and 3000 cycle life warranty, is an unbeatable proposition. Beyond everything, mobility is about freedom and that’s what neeV Tez stands for. Along with the e^pump network, customers will experience unmatched flexibility and freedom to do more, earn more and keep going."
- Statiq
- BMW Group India
- GLIDA
- Sunfuel
- E-Fill
- electric vehicle
- fast charging
- Akshit Bansal
- Hardeep Singh Brar
Statiq Partners BMW Group India To Electrify Major Corridors With Fast Charging Network
- By MT Bureau
- November 03, 2025
Statiq, an electric vehicle charging network provider, has partnered with German luxury brand BMW Group India to establish a high-power charging corridor across the country's major driving routes. The initiative aims to install charging stations of a minimum of every 120 kW every 300-350km, facilitating intercity travel for users.
The collaboration has created a robust charging corridor spanning over 4,000 km from Jammu to Madurai. The fast chargers are strategically located on key highways and public spaces, and they are accessible to all EV owners, regardless of brand. BMW customers can locate and access these chargers through the myBMW app.
- The chargers deployed offer capacities ranging from 120 kW to 720 kW.
- Chargers are placed near cafes, restaurants and public spaces to enhance the customer experience.
Statiq's network currently includes more than 8,000 EV chargers in over 70 cities and has integrated its platform with other major charging providers like E-Fill, Sunfuel and GLIDA to expand usability.
Akshit Bansal, Founder & CEO, Statiq, said, “The partnership with marks a defining moment for India’s ecosystem. By enabling high-power charging every 300-350km, we are addressing the core challenge of range anxiety and providing the confidence needed for long-distance electric mobility. Our core mission at Statiq has always been to make EV charging easy, accessible and reliable for all, and this corridor puts India firmly on the global map of green mobility leaders.”
Hardeep Singh Brar, President and CEO, BMW Group India, said, “BMW Group India is immensely proud to be the first luxury carmaker to surpass the remarkable milestone of 5,000 electric vehicle deliveries. We are pleased to partner with Statiq and an additional charging operator to expand our charging infrastructure. Through this initiative, we are working steadily towards creating a great travel experience for all electric mobility consumers with complete peace of mind.”
Statiq has clear plans to install 20,000 charging points and foster partnerships to create a robust, inclusive EV infrastructure ecosystem.
JSW MG Motor India Surpasses 100,000 EV Sales Milestone
- By MT Bureau
- November 03, 2025
JSW MG Motor India, one of the leading passenger vehicle manufacturers, has surpassed the 100,000 electric vehicle sales milestone in India, becoming the second passenger vehicle manufacturer to achieve this feat in the country. The company's diverse EV portfolio now contributes over 70 percent to its overall month-on-month sales.
The brand's EV market share has grown significantly, expanding from 26 percent in CY2024 to 35 percent currently. JSW MG Motor India attributes this milestone to the robust performance of its EV offerings, which cater to varied customer demands for clean and intelligent mobility solutions.
Anurag Mehrotra, Managing Director, JSW MG Motor India, said: “Crossing the 100,000 EV sales milestone reflects the trust Indian customers place in sustainable choices. I thank our customers and the entire JSW MG Motor India team for this momentous milestone. As mobility evolves, we remain committed to driving India’s vision of innovative and clean mobility solutions.”
- Kinetic Green Tonino Lamborghini
- KGTL
- Kinetic Green Energy and Power Solutions
- Tonino Lamborghini
- Surge Systems
- Dr. Sulajja Firodia Motwani
- Ferruccio Lamborghini
- Antony Bijoy
Kinetic Green Tonino Lamborghini Appoints Surge Systems As Official Distributor For Luxury Electric Carts In India
- By MT Bureau
- November 03, 2025
Kinetic Green Tonino Lamborghini (KGTL), the joint venture between Kinetic Green Energy and Power Solutions and Tonino Lamborghini, has appointed Surge Systems as its authorised dealer for the electric luxury golf and lifestyle cart range in India. This partnership is set to leverage Surge Systems' expertise in professional turf maintenance and aftersales support to establish Kinetic Green Tonino Lamborghini's presence in the luxury golf cart market.
The golf carts, which the company describes as embodying Italian design and Indian engineering, are marketed as a luxury lifestyle statement under the 'Make In India' initiative.
Kinetic Green Tonino Lamborghini aims to achieve an annual revenue of INR 25 billion over the next five years and capture 10 percent of the global golf car market. The appointment of an authorised dealer in India supports the company's commitment to both building and selling in India, while also contributing to its export ambitions.
Dr. Sulajja Firodia Motwani, Founder and CEO, Kinetic Green, said, “A symphony of Italian design and Indian engineering, the KGTL’s Golf Carts embody the Make In India initiative and a luxury lifestyle statement. On this journey, we are thrilled to onboard Surge Systems as our official dealer partner and looking forward to their positive contribution. I am confident that the company’s unique credibility, exceptional after-sales service, and extensive network will add value to our presence in India. Our collaboration with Surge Systems allows us to leverage their deep technical expertise, established customer trust and premium market presence while introducing a globally renowned luxury brand into its portfolio.’’
Ferruccio Lamborghini, Vice-President, Tonino Lamborghini, said, "This collaboration with Kinetic Green marks an exciting new chapter in the history of the brand founded by my father over 45-years ago. Together, we have created a project that combines the best of two worlds: the elegance and identity of Italian design with the strength, efficiency and innovation of Indian manufacturing. This is more than an industrial joint venture – it is a bridge between two entrepreneurial cultures, united by a shared vision of the future. We chose India not only as a strategic production base, but also as a symbol of openness, growth and global ambition."
Antony Bijoy, CEO, Surge Systems, said, “At Surge System, our strength lies in engineering excellence and responsive technical support. Representing Tonino Lamborghini and Kinetic Green electric luxury golf carts is a natural extension of our commitment to performance, reliability and service, delivering not just luxury mobility, but a robust, sustainable solution.’’
NIO Achieves Record Monthly Deliveries In October, ES6 Passes 300,000 Unit Production Milestone
- By MT Bureau
- November 03, 2025
Chinese electric vehicle manufacturer NIO has announced that it has achieved its highest-ever monthly sales record in October 2025, delivering 40,397 vehicles, which represents a substantial increase of 92.6 percent YoY. This milestone was announced as the 300,000th NIO ES6 rolled off the production line.
The total October deliveries were distributed across the company’s three electric vehicle brands:
- NIO Premium smart EV brand: 17,143 units.
- ONVO (Family-oriented smart EV brand): 17,342 units.
- FIREFLY (Small smart EV brand): 5,912 units.
Cumulative deliveries for the company reached 913,182 units as of 31 October 2025.
The NIO ES6 has become the best-selling battery EV from a Chinese brand priced above RMB 300,000, and the first in its segment to reach the 300,000-unit production milestone. The new ES6, introduced earlier this year, has strengthened NIO's leadership in the premium EV market.
The NIO ES6 is a 5-seater mid-size SUV with a dual-motor all-wheel-drive system. Key specs include a total power output of up to 400 kW (536 hp) and 725 Nm of torque, enabling a zero to 100 kmph of 4.7 seconds for the Performance and Signature models. It features a standard active air suspension and is available with a 75 kWh or 100 kWh battery pack, with the latter offering a claimed range of up to 610 km on the NEDC cycle.
Furthermore, the ONVO L90, the brand’s smart large-space flagship SUV, achieved monthly deliveries exceeding 10,000 units for the third consecutive month since its official launch in late July 2025. The L90 is positioned to accelerate the transition of large three-row SUVs toward full electrification.

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