From left: Kunal Khattar, Founder, AdvantEdge Founders; Sandeep Divakaran, CEO & Co-founder, Exponent Energy; Arun Vinayak, CEO & Founder, Exponent Energy.

Bengaluru-based energy technology company Exponent Energy has unveiled Exponent One, a comprehensive fintech and asset management initiative designed to overcome a significant obstacle in commercial electric vehicle adoption: the challenge of securing practical and accessible financing. This new venture will be led by Sandeep Divakaran, an experienced professional in financing and mobility who joins as Co-founder and Chief Executive Officer.

Exponent Energy has established a comprehensive energy ecosystem for commercial EVs by tackling critical issues such as rapid charging, dependable battery performance and consistent operational uptime. This work has yielded deep, real-world energy intelligence within the commercial mobility sector. Although EV technology has progressed considerably, widespread adoption remains limited by financing hurdles. Exponent One directly confronts this issue with an advanced underwriting and asset management platform developed specifically for commercial EVs, drawing on the aforementioned energy insights. The primary goal is to achieve financing parity with internal combustion engine vehicles by providing flexible financial products and mitigating risk through assurances and buyback programmes.

By collaborating with established financial institutions, the new venture seeks to enable large-scale EV financing for commercial operators. Its focus will be exclusively on commercial electric vehicles, encompassing three-wheelers, light commercial vehicles, four-wheelers, buses and trucks. Support will extend to both individual driver-owners and fleet operators, covering the entire ownership journey from initial acquisition through lifecycle management to eventual upgrades. Leveraging Exponent’s energy intelligence, the platform employs an AI-driven adaptive financing model that facilitates access to livelihoods. It also integrates embedded insurance to protect against health and asset-related difficulties, while guaranteed buybacks help cultivate a robust secondary market, offering crucial reassurance to vehicle owners and financial partners. Additional features like savings options, supplementary loans and upgrade paths are intended to support drivers in their professional growth.

To accelerate its early deployment and broaden its footprint in key commercial EV centers, Exponent One has secured USD 2 million in pre-seed investment from AdvantEdge Founders, aiming to deliver its adaptive financing solutions to a greater number of driver-owners.

Sandeep said, “Commercial Vehicle driver-owners operate real-world businesses with daily variable earnings and limited buffers, yet lending models are still run on personal credit rails, with fixed monthly assumptions (EMIs). This rigid approach, focuses on only output metrics of timely payments, and hence fails the driver and leads to the ecosystem viewing commercial EV financing as risky. At Exponent One, we believe in something fundamental: if the driver-owner fails, the system fails. Our vision is to enable sustainable micro-entrepreneurship in electric mobility by building financing that adapts to real world earnings and not monthly averages, manages asset risk, provides buffers and gives drivers the confidence to switch and grow with EVs. Our adaptive lending model focuses on input metrics – asset quality, charging patterns, energy consumption – giving us the ability to differentiate between bad luck and bad intent and help support driver-owners through their circle of life.”

Arun Vinayak, Founder and CEO, Exponent Energy, said, “Energy in EVs is an upfront capex problem, hence viable-financing products are needed to transform this higher capex to meaningful opex benefits to the driver-owners. Electric Commercial Vehicles are fundamentally energy assets. Our ability to influence battery life and manage them on a daily basis with real-time energy data gives us an edge in understanding these assets better and in knowing their residual value. EVs are digital, earnings are digital and the energy stack with Exponent is digital, and all these input metrics, layered with innovations in AI tech, enhances our ability to contextually underwrite and support the driver-owners through their circle of life. This is a first of its kind partnership, with energy and financing coming together to provide integrated adaptive finance and asset management solutions. We’re excited to have Sandeep lead this effort to build the financial layer needed to address the commercial EV financing gap. Together, Exponent Energy will power the assets and Exponent One will power the driver-owner.”

Kunal Khattar, Founder, AdvantEdge Founders, said, “Commercial EV scale in India isn't just a technology challenge; it's a data and capital challenge. Lenders must understand how these assets actually earn and age to unlock true scale. At AdvantEdge, we’re backing Exponent One because they’ve replaced ICE-era assumptions with real-time operational intelligence, aligning financing with daily earnings and long-term asset performance. By building a durable financial layer tailored to the EV ownership lifecycle, they are addressing the core risk mismatches that have held this industry back. We believe this is the missing piece that will finally move electric fleets from pilot to mass adoption.”

JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced that it has successfully installed 1,000 community chargers under its MG Charge initiative.

Spanning more than 470 sites across India, the milestone makes JSW MG Motor India the first automaker in the country to establish community-led electric vehicle (EV) charging infrastructure at this scale. The installations are distributed across residential societies, condominiums, hospitals, corporate campuses, hotels and industrial parks.

Alongside the infrastructure announcement, the company revealed that MG-branded electric vehicles have cumulatively travelled over 2.9 billion green kilometres on Indian roads. This collective mileage has offset approximately 417,000 metric tonnes of CO2 emissions.

Furthermore, JSW MG Motor India has detailed an aggressive product timeline for the remainder of calendar year 2026 (CY2026). The automaker plans to launch three new New Energy Vehicles (NEVs).

This upcoming product push will mark the brand's introduction of plug-in hybrid (PHEV) technology to the Indian market. The company noted that its overarching corporate philosophy views India's transition to sustainable transit as a path that can be successfully driven by balancing multiple complementary technologies.

In alignment with national decarbonisation targets, JSW MG Motor India has systematically upgraded its primary manufacturing plant in Halol, Gujarat. The site has achieved significant efficiency metrics through the deployment of Industry 4.0 digitisation and Internet of Things (IoT) solutions.

Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has announced a major expansion of its renewable energy footprint with two dedicated biogas projects on the occasion of World Environment Day.

The company has earmarked a cumulative investment of INR 9.25 billion through FY 2030–31 toward green energy initiatives to systematically curtail its carbon footprint across in-house manufacturing operations.

The automaker is investing INR 1.5 billion specifically into these two newly detailed biogas developments, aligning its corporate operations with the Government of India's ‘Waste-to-Wealth’ mission.

It has commissioned a new 10 TPD Biogas Plant at Kharkhoda, which is scheduled to be commissioned in FY2026–27. At full operational capacity, the plant is projected to mitigate 9,490 tonnes of CO2 emissions annually. The generated biogas will offset fossil fuel reliance by servicing approximately 20 percent of the total gas requirement at the Kharkhoda manufacturing site.

Furthermore, earlier this month, Maruti Suzuki India completed an expansion at its Manesar facility, scaling output from an initial 0.2 TPD to 0.7 TPD. The expanded setup is expected to generate roughly 360,000 standard cubic meters of biogas annually, avoiding an estimated 664 tonnes of CO2 emissions per year.

The plant leverages anaerobic digestion technology to convert organic and agricultural waste into raw biogas. It uses food waste, napier grass and paddy straw as feedstock, with a technical provision to boost output utilising cattle dung. The output will be directed into paint shop heating processes and factory canteen operations. Fermented Organic Manure (FOM) generated as a byproduct will be routed to internal horticulture or supplied back into the local agricultural ecosystem.

Beyond localised biogas projects, Maruti Suzuki is systematically scaling its solar energy infrastructure to counter liquid natural gas (LNG) volatility and supply constraints. It has progressively expanded its installed solar capacity to 79 MWp across its manufacturing facilities and targets an expansion to 319 MWp of solar-generated renewable energy by FY 2030–31.

The automaker recently replaced natural gas with biogas for approximately 10 percent of the energy requirements at its Hansalpur facility. Supported by SRDI (a wholly owned subsidiary of Suzuki Motor Corporation, Japan), this transition ensured uninterrupted operations during active LNG supply bottlenecks.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “Maruti Suzuki has been consistently working on initiatives aimed at reducing fossil fuel consumption and oil import dependence. In line with this, we are setting up a new 10 Tonnes Per Day biogas plant at the Kharkhoda facility as well as expanding the existing biogas plant at Manesar facility. At a time when the world is navigating an increasingly uncertain energy landscape, such initiatives assume greater significance. As the Hon’ble Prime Minister of India has called for reducing dependence on fossil fuels, the commissioning of our biogas project comes at an appropriate time. It enables us to contribute, in a modest but meaningful way, to the current national priority alongside several other ongoing efforts.”

Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced a long-term strategic commitment to designate the state of Tamil Nadu as its designated ‘Flagship EV Hub for India’. The announcement includes an exclusive skill development partnership alongside manufacturing and supply chain localisation goals.

As part of this roadmap, Hyundai Motor India has reaffirmed its plan to deploy an investment of over INR 260 billion in Tamil Nadu between 2023 and 2032. This allocation is a component of the company's broader, previously declared INR 450 billion investment blueprint for the Indian market. To date, the Chennai facility has exported more than 3.9 million vehicles to over 150 countries.

The manufacturing hub will scale zero-emission capabilities via immediate product rollouts and component localisation:

• Product Rollout: Hyundai Motor India plans to introduce two new vehicle models from its Chennai facility within the year. This includes the launch of its first mass-market dedicated electric vehicle (EV) to accelerate local adoption.
• Industrial Localisation: The company has established Tamil Nadu’s first battery sub-assembly plant for EV powertrains. Hyundai Motor India is currently expanding local sourcing for power electronics and related primary components to minimise import dependency.
• Charging Network: Hyundai has deployed a direct-current (DC) fast EV charging ecosystem across the state consisting of 39 stations and 78 charging points. The high-capacity network is scheduled for further expansion across major urban centres and transit highways over the next 2 to 3 years.

The company has also aims to increase its localisation rate from the present 82 percent to 90 percent in the next 5-6 years. An additional INR 40 billion in state sourcing value from the current base, which is expected to generate an additional 2,000 jobs in the state.

Hyundai Motor India and the Government of Tamil Nadu (GoTN) have formalised a structured skill development project scheduled to commence active training operations in December 2027. The program aims to increase the global employability of the state's workforce by integrating next-generation manufacturing skills.

The curriculum will leverage partnerships with local Industrial Training Institutes (ITIs), polytechnics and engineering colleges to train students in advanced disciplines:

• EV technical architectures and hydrogen mobility systems.
• Industrial robotics, digital automation and AI-enabled manufacturing.
• Smart factory workflows alongside professional workplace communication and language instruction.

Tarun Garg, Managing Director & CEO, Hyundai Motor India, said, “HMIL’s initiatives will strengthen Tamil Nadu’s leadership in sustainable mobility and automotive excellence, while also accelerating skill development to foster a future-ready workforce. We will roll out two new models from the Chennai facility, including our first mass-market dedicated EV within this year, marking a significant step towards accelerating EV adoption and building a strong EV ecosystem. Alongside, advancing EV localization, we are equally focused on developing a future-ready skilled workforce, enabling talent to support future automotive technologies."

Maruti Suzuki India, one of the largest passenger vehicle manufacturers globally, has officially launched India’s first flex-fuel passenger car on the eve of World Environment Day.

The technology is being introduced in the Maruti Suzuki Wagon R, a high-volume model that has previously served as a platform for the company's alternative fuel options, including Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG).

The vehicle was unveiled in New Delhi in the presence of Nitin Gadkari, Minister of Road Transport and Highways, and Hardeep Singh Puri, Minister of Petroleum and Natural Gas.

The flex-fuel Wagon R is engineered to provide complete fuelling flexibility, enabling consumers to operate the vehicle on any ethanol-to-petrol blend ratio ranging from E20 (20 percent ethanol) up to E100 (100 percent ethanol).

The introduction of ethanol flex-fuel tech represents a broader commitment by India's market leader to scale diversified powertrain architectures. Maruti Suzuki's long-term product strategy incorporates a multi-tiered technology approach to meet carbon reduction goals, including Battery Electric Vehicles (BEVs), Hybrids, CNG, Compressed Biogas (CBG) and now, flex-fuel configurations.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “The ecosystem for ethanol as a fuel in India is in its early stages, and as a market leader, we think it is our responsibility to contribute to make `India Go Flex’. Once it reaches mainstream adoption, Flex-Fuel Vehicles have the potential to cut oil imports, carbon emissions, and local air pollution while enhancing domestic value addition and farmer incomes.”

Nitin Gadkari noted, “Biofuels like ethanol are an important pathway towards reducing crude oil import dependence while strengthening our rural economy. Flex-Fuel Vehicles can create a strong and sustainable demand for ethanol, benefiting our farmers, industry, and the environment together. I appreciate Maruti Suzuki for taking this leadership step and supporting the Government’s vision of clean and self-reliant mobility.”