Electric Vehicles And The Road Ahead

Riccardo Mastronardi, CEO, Marangoni Meccanica, responds  challenges posed by the COVID 19

Promising cleaner streets and a better environment, the EV race is at its highest today.

Multiple technologies and solutions within the automotive sector are contributing to the EV ecosystem. Various technologies are coming together to make EVs. There are over 120 companies from different segments offering different solutions, including OEMs. While China and Germany are in the lead in the transition to electric mobility, the EV sector in India is catching up as well – although there are still some hindrances that need to be overcome. These are, of course, standardisation, safety, charging points, to name a few. But at the same time, there are opportunities to grab as well. Every industry within automotive, and the government, are constantly working in the direction to revolutionise and make India a country that has only EVs on the road – from new innovative electric vehicles being launched all over the country to charging stations being set up to several of the initiatives taken by the government to promote the adoption of electric vehicles.

Organised by Futurex Trade Fair with Globe-Tech as the partner, the India International EV Show (IIES) held at Pune, India in November 2022 brought the EV industry experts and stakeholders under one roof. Ideas were exchanged and shared. Discussions between sellers and buyers as well as technocrats were held in the interest of building a sustainable EV industry. Along with the show, a conference ‘EV Dynamics Conference 2022’ was also held.
 

Varied exhibitors related to EVs
The exhibition opened up to visitors, with all aspects of the EV segment, from the current trends in EVs, to the opportunities and challenges, battery technology, energy storage solutions, the commercialisation of EVs and more. It witnessed 120+ exhibitors from umpteen segments related to EVs, some of the major companies being Jendamark, Drone Power, Sharp, Lubi EV Solutions, SLTL Group, Hioki, Phoenix Contact, IPG Photonics, Trumpf, Cybernetik Technologies, NKE Bikes and many more.

All the different exhibitors had a unique solution to offer to customers. For example, Grauer & Weil (India) Ltd presented chemicals for coating and lubricants, specialised paints, process technologies for plating on plastic, etc. in automotives. Blue Star and Hioki had also exhibited their test and measurement solutions. Some of Hioki’s products were the BMS testers, process data loggers, power analysers and more.

Sharp had put up its seven-inch display with a partner’s cluster solution made in India, a force touch display that gives the user a mechanical, button-like experience, MiniLED based futuristic display that augments visibility to 1 million:1, to name a few. Besides, Hi Link Printing Technologies had exhibited its pad printing machines, while Graco India was exhibiting its machines for dispensing sealants on EV batteries.

Under batteries, there was SLS Innovations as well, a manufacturer of lithium-ion cell holders and accessories. Cybernetik Technologies was presenting its EV battery solution lines, under prismatic and cylindrical. Then there were the OEMs, like iScoot Motors, BGauss and Nke Bikes, who had their EV two-wheelers on display. In fact, a rider or two were even spotted taking test rides on them.

Some of the other exhibitors, among the many ones, were Light Mechanics, presenting their laser welding and battery assembly line solutions for e-mobility. Coherent Laser India was also presenting its laser marking, cutting and welding machines. Apart from that, Akshay Enterprises had put its brass components for EVs and automotives on display, Trimoorty Autodeco Components had exhibited its foam components, NVH application, etc., while ESS DEE Industries had presented its DCDC converter, battery cables, battery harnesses, full body harnesses, and more, while at the expo.

The next generation’s role in EVs
Besides, the exhibition had a footfall of about 12,000. Of the 12,000, a humungous amount of the visitors were young students from schools and colleges, including children visiting with their parents. Sharing his views on this, Prem Anveshi, Managing Director, Futurex Trade Fair and Events, cited, “I never expected for children to come to the expo. But children are our future. If they understand our technology now, then they will become the Abdul Kalams of the next generation. So we want them to come and experience the expo.”

Anveshi further asserted that unless the future generation comes and learns about the technology related to EVs, they will not get themselves involved. “When we start propagating that there is a future, money and great opportunities available in EVs, only then will the new generation show an interest in it. So we want the new generation to play a great role here,” he expounded.

While at the EV Dynamics Conference 2022, Himanshu Jadhav, CEO, Jendamark, too, shared that the kids at the expo have showed amazing curiosity and energy. “The biggest experience at this expo is that we can influence the next generation for more innovative technologies of the automotive industry,” he averred.

Living up to the demand
An EV, in fact, is like a young child growing up, trying to take on the age-old ICE, quoted Jadhav. He said that the main components of EVs are product level components. “The product level maturity is there. The government did the right thing by incentivising the demand side. Today, we realise that the manufacturing side is not mature enough for that demand,” he highlighted and continued, “Even the infrastructure side is catching up. There is a demand, so we have a need. But the rate of increase in demand is so high that it’s going to be a difficult situation for anyone.”

Manoj Patil, Founder and Managing Director, Evtric Motors Pvt Ltd went on to mention that the EV business has been growing in the last six to seven years. There are incentives, facilities and subsidies from the government also, who are making it a priority. He further said, “A good line is very important if you want a first-time-right- product. Manpower is very important for EVs and people need to be trained according to the customers’ demand.”

EV batteries
Vicky Panchal, Business Development Manager, Graco India, further shared his views in terms of the battery. He said, “The battery comes with a lot of challenge, which needs to be manufactured and dispensed in a very precise way.”

Speaking of batteries, Amar Deshpande, Head – Business Development, Cybernetik Technologies, asserted that EV batteries are upcoming and the quality standards are very high. “Safety is the most important aspect that needs to be taken care of,” he explicated and added, “And those with the most innovative solutions will come up as leaders in the industry.”

Redon, who provides lithium-ion battery solutions, was also one of the exhibitors at the expo and presenting its lithium batteries. In truth, Redon’s booth even had a live demo of its IP67 on display, sunk into water, and had been running for 72 hours and counting. Apart from that, the company was exhibiting a variety of its batteries that were from 48 watt to 70 watt.

 

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    Revfin Appoints Senior Leadership as Part of FY2026 Expansion Plan

    RevFin

    Digital lending platform Revfin has strengthened its management with the appointment of three senior executives as part of its FY2026 strategy, targeting INR 7.5 billion in disbursements and 5x growth over the past two years. The company also expects to cross INR 20 billion in cumulative disbursements since inception.

    The new appointments include Abhinandan Narayan, Chief Business Officer – New Business, Monish Vohra, COO – Operations & Collections and Anirudh Gupta, Chief Finance & Strategy Officer. The appointments the company shared aligns with its focus on ‘People, Process, Profitability.’

    Furthermore, Revfin has outlined its ambition to finance 24,000 EVs in FY2026. Till date, it claims to have financed over 85,000 EVs across 25 states, with 75 percent of borrowers from marginalised communities. Cumulatively, its driver partners have covered 1.6 billion electric miles and earned over USD 400 million.

    In FY2025, the company grew its L5 EV loan book by 1,700 percent, supported by a partnership with Bajaj Auto and expanded collaborations with logistics firms. The L5 segment remains a key focus as a replacement for ICE vehicles in urban transport.

    Sameer Aggarwal, Founder & CEO, Revfin, said, “The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remain undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must – and will – transition 100 percent to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years. At this critical juncture, the right leadership becomes essential to realizing our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”

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      Matter Launches Aera E-Motorcycle In Bengaluru, First Experience To Come Up Soon

      Matter - Mohal Lalbhai

      Ahmedabad-based clean energy company Matter has launched its flagship electric motorcycle – the Aera, in Bengaluru at an introductory price of IRN 179,000 for the first 500 customers, post which it will be available at INR 188,000. The company has started taking pre-registrations for the e-motorcycle at INR 1,999.

      Furthermore, the company has also announced that its first Experience Hub will come up at BTM Layout, which will showcase its tech prowess and philosophy firsthand.

      The Matter Aera is claimed to be the world's first electric motorcycle with manual gears – 4-speed transmission, 3 ride modes that delivers 12 unique ride combinations. It features a 7-inch Smart Touchscreen Dashboard, onboard charger and liquid cooled powertrain. The e-motorcycle has a claimed IDC range of up to 172km, a zero to 40 kmph in 2.8 seconds, dual disc brakes with ABS, telescopic front fork and dual rear suspension.

      Mohal Lalbhai, Founder & Group CEO, Matter Energy, said, “There’s no better city to lead this journey than Bengaluru—where innovation isn’t just an idea, it’s a way of life. Every lane, every rider here resonates with purpose and progress. The Aera isn’t just a bike – it’s the 22nd Century motorbike. It delivers the thrill of a rocket and the practicality your pocket loves. With our in-house developed Hypershift manual gearbox, liquid-cooled powertrain, and connected tech, AERA brings together performance, emotion, and sustainability like never before.”

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        Kia EV3 Named 2025 World Car Of The Year

        Kia EV3 Named 2025 World Car Of The Year

        The Kia EV3 has won the prestigious ‘2025 World Car of the Year’ award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).

        A jury of 96 distinguished worldwide automotive journalists from 30 nations assessed the 2025 World Car Awards. With the EV3's triumph, Kia has now won six World Car Awards since 2020. The EV3 has a dramatic, forward-thinking design and a creative, useful interior that makes the most of available space, comfort and utility. The EV3 can charge from 10 to 80 percent in 31 minutes and has a segment-leading range of up to 375 miles (around 603 kilometres). While Kia's AI Assistant, advanced driving assistance systems (ADAS) and Over-the-Air (OTA) upgrades improve the ownership experience with cutting-edge technology, the vehicle's creative interior design maximizes room, comfort and accessibility.

        Ho Sung Song, President and CEO, Kia, said, “It is an immense honour for everyone at Kia that the EV3 has been awarded the 2025 World Car of the Year title. This award highlights Kia’s global leadership in providing design-led, technologically advanced, sustainable mobility solutions and how the EV3’s class-leading attributes redefine the user experience for customers worldwide.”

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          Hyundai INSTER Named 2025 World Electric Vehicle

          Hyundai INSTER Named 2025 World Electric Vehicle

          The Hyundai INSTER sub-compact EV has won the prestigious 2025 World Electric Vehicle award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).

          With this recognition, Hyundai Motor Company has dominated one or more World Car Awards categories for the fourth year in a row. Hyundai Motor's commitment to developing EV technology and sustainability is highlighted by the 2025 World Electric Vehicle award, which also acknowledges INSTER's exceptional value in the EV market. The finalists were chosen by a sealed-ballot jury consisting of 96 international automotive journalists from 30 different countries. On 16 April 2025, the winners were revealed at the 2025 NYIAS. With its unique design, remarkable driving range and state-of-the-art technology, INSTER is the market leader in the sub-compact EV sector. A 10- to 80-percent charge can be made in around 30 minutes thanks to INSTER's quick charging technology, and the 49-kWh long-range variant has a range of up to 370 kilometres.

          José Muñoz, President and CEO, Hyundai Motor Company, said, “The Hyundai INSTER has been a winner with customers since we introduced it. It’s very gratifying that the experts on the prestigious World Car Awards jurors feel the same way. The combination of compelling design, range, enjoyable driving characteristics, intuitive infotainment and technology that customers appreciate is emblematic of Hyundai’s approach of delivering exceptional value to our customers. The fact that our global portfolio is successful both commercially and critically speaks to the hard-working people throughout the Hyundai value chain who are delivering some of the best vehicles on the road today. Thank you to all the jurors for your service to this great industry.”

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