Gensol Electric Vehicles, a subsidiary of Gensol Engineering, one of India’s largest green energy engineering, procurement and construction (EPC) and advisory companies, is gearing up to launch three EVs targeted at Fleet, Cargo and Personal mobility segment. 

It does not aim to look at the electric two-wheeler or four-wheeler segment, but instead have a razor-sharp focus on its upcoming three-wheeler EVs, which have already got ARAI approval in February 2024.  

While the company has not officially announced the exact details of the launch or the vehicle specifications, Anmol Singh Jaggi, Chairman & MD, Gensol Engineering in a recent analyst call, revealed that the company’s focus is “only three-wheels and are not thinking beyond that”. 

He further stated that Gensol EV will test the vehicles for “one more season”, which may translate to a launch happening only in CY2025.

The compact two-door two-seater electric three-wheeled car will be manufactured at its Chakan plant in Pune, which has annual capacity of 30,000 units per annum. 

The EV has been tested in temperature upto 52 degrees and the company claims that the “car performed so well in such a high temperature.”

“As we are making car for the first time, and when we make the car for the first time there is a little bit of nervousness in your heart and excitement as well. To reduce that nervousness, we are thinking of testing our car for one more year and bringing it on the road. We get a chance to launch it once in our life. And we want to launch it in a very good, big bang way. And we want to bring a perfect car. I would not want that Gensol’s car gets launch, and it seems like it had two defects and we could have tested it a little more. So, the benefit is that we can wait for two, five, six months, but when the vehicle comes to the road, it is the best vehicle in India. So, our design and our testing is going into accomplish that mission,” revealed Jaggi.

Furthermore, Gensol Engineering’s subsidiary Let’s EV is also gearing up to be a leading leasing company focussed on all aspects of electric mobility – two-wheelers, three-wheelers, four-wheelers,  M&HCVs and buses. The business saw a revenue of INR 500 million for Q1 FY2025, up 98 percent, while losses came at INR 170 million, being a nascent business for the firm.

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Bengaluru-based electric vehicle maker Ather Energy has appointed Anjani Kumar as its new Chief Digital & Information Officer (CDIO). This

In his new role, Kumar will be tasked for shaping and executing Ather's comprehensive digital strategy. He'll be responsible for strengthening the company's technological foundation across vital areas like product development, manufacturing and enhancing customer experience. His main goal is to ensure technology remains central to Ather's ambitious expansion plans.

Anjani Kumar brings over 24 years of experience, having led digital transformation and IT innovation in diverse sectors, including automotive, technology, logistics, pharmaceuticals and BFSI. His extensive career includes senior leadership positions at prominent Fortune 500 companies such as IBM, Nissan, Cognizant, Strides Pharma and Tata AIG.

At Ather Energy, Kumar will oversee a wide range of digital initiatives. This includes leading the company's overall digital strategy, driving the development of new digital platforms and products, enhancing IT infrastructure with a strong focus on cybersecurity and significantly boosting Ather's data-driven capabilities. He will manage teams responsible for WebTech, IT & Security, Manufacturing Execution Systems (MES), Business Intelligence and Digital Engineering.

Swapnil Jain, Executive Director and CTO, Ather Energy, said, "Ather has been digital-first and data-driven from day one, with a strong focus on systems from products to manufacturing to sales. As we grow rapidly as an organisation, with multiple products, new business models, and deeper software integration, the complexity naturally increases. Building robust systems with a backbone to leverage AI on top of enterprise data is going to be critical for our growth."

"Bringing all digital functions under a single leadership role helps build a unified digital thread across the organisation. Anjani's deep cross-industry experience will play a key role in simplifying and strengthening our complex digital infrastructure. We are very focused on building a stronger tech-led advantage for Ather’s future,” said Jain,

Anjani Kumar, added, "I believe digital and information strategies are at the crux of the future of mobility. The potential of electric mobility in India is immense, and I look forward to collaborating with our talented engineers, business leaders, and founders to harness the power of digital innovation. By bringing in my multi-domain digital experience and combining it with Ather’s commitment to first-principles thinking and deep engineering ethos, we will drive significant and transformative advancements. I’m excited to contribute to Ather’s journey.”

Kumar holds a Post Graduate degree in Marketing & Management from Kelley School of Business, Indiana University (USA) and a B.E. in Mechanical Engineering from NIT Rourkela.

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Ola Electric, a leading electric two-wheeler maker in the country, has announced its financial results for FY2025. Although the company continued its leadership position in the market, its revenue fell marginally to INR 46.45 billion in FY2025 from INR 51.26 billion last year.

In spite of the revenue drop, Ola Electric continued its leadership in the electric scooter segment, shipping 359,221 units in FY2025, compared to 329,549 units in FY2024. The growth came mainly from the strong performance of its enhanced Gen 3 S1 scooter range, allowing the firm to attain 30 percent market share, based on VAHAN data.

The company stated it is making a big push towards profitability, led by two main internal initiatives: ‘Project Lakshya’ and ‘Project Vistaar.’

Under Project Lakshya, Ola Electric has a target cost structure of INR 1.10 billion for its auto business. The company has been able to bring down costs impressively to INR 1.21 billion in April 2025 and is likely to reach the INR 1.10 billion target in June 2025.

To supplement this, Project Vistaar, launched in November 2024, was network transformation-centric. The effort has significantly enhanced delivery time (from 12 days to 3-4 days), optimised inventory management and facilitated same-day delivery through its "HyperDelivery’ facility. Consequently, Ola Electric grew its footprint to emerge as India's largest EV distribution network in FY2025 with over 4,000 touchpoints, of which over 50 percent were in Tier 3 and rural markets.

These strategic actions have helped Ola Electric lower its auto segment EBITDA break-point structurally to below 25,000 units per month. This reduced level, combined with expected industry expansion, growing S1 market share, and the recent launch of motorcycles, sets the company up to achieve Auto segment EBITDA profitability during FY2026.

Ola Electric stated that early signs in April and May 2025 indicate encouraging business traction, with higher Gross Margins (excluding the benefits of PLI) and lower operating expenses. The company also noted stronger monetisation through add-ons, with Gen 3 sales more than doubling that of Gen 2. Encouraging demand for the recently launched Roadster Motorcycles is also supporting this encouraging trend. It expects this healthy performance to sustain, resulting in Auto segment EBITDA profitability in FY2026.

The launch of the Gen 3 S1 portfolio in Q4 FY2025 contributed significantly to the company's enhanced Gross Margins. For Q1 FY2026 posted a further 10 percentage point increase in Gross Margins over Q4 FY2025. This result will benefit further from the ramp-up in the Gen 3 platform. Significantly, the gross margins as of date do not account for PLI benefits for Gen 3, which will accrue in Q2 FY26. The company estimates its Gross Margins to be around 35 percent for Q2 FY2026 with PLI.

Ola Electric's S1 lineup continues to be extensive, with almost 1 million units sold in 14 products in Gen 2 and Gen 3. The Gen 3 platform provides 20 percent more peak power, 20 percent more range and an 11 percent price cut compared to its predecessor. The company further pushed mass segment EV penetration via its S1 X, which experienced a 3.5x year-on-year rise in deliveries to 196,123 units in FY25.

It was just recently that the company has begun deliveries for the Roadster X electric motorcycle, which it said addresses a significantly underpenetrated segment. The Roadster X comes with a mid-drive motor, chain drive, and onboard MCU for improved performance and safety. A first in the industry in the Roadster X series is the implementation of flat cables in the motorcycles.

The company is also scaling up output at its Ola Gigafactory, with the yields of its indigenously created ‘Bharat Cell’ continuing to improve. The cell is under rigorous testing of performance, lifecycle, safety and phased commercialisation can be anticipated in the months ahead. The phased rollout strategy is designed to balance supply chain synergies, maintain quality consistency and collect real-world performance data prior to mass commercialisation.

Ola Electric indicates that FY2026 will be a year of scaling revenue and riding operating efficiencies to drive sustainable profitability. With a strong product roadmap, vertical integration, strong R&D emphasis and building out distribution and service infrastructure.

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Vadodara-based Wardwizard Innovations & Mobility, an electric vehicle manufacturer under the 'Joy e-bike' and 'Joy e-rik' brand, has partnered XiCon International, a Mumbai-based engineering and manufacturing company and a subsidiary of Kaiser Corporation.

Under the partnership, XiCon will lease 7,500 Wolf+ electric scooters from Wardwizard to enhance last-mile delivery solutions, marking its entry into the electric mobility sector and expanding its diversified portfolio across power, telecom and infrastructure.

The EV maker will supply the e-scooter in the next two years, across key cities including Mumbai, Ahmedabad, Delhi and Pune, with plans to expand to other regions as operations scale.

The MoU also outlines a comprehensive framework for deployment, operation and maintenance of the electric scooters, focusing on enhancing delivery efficiency while promoting eco-friendly transportation. In addition, to supplying e-scooters Wardwizard will also be responsible for setting up service-cum-charging stations and manage all necessary spare parts, batteries and technical support.

XiCon on its part will manage vehicle allocation, third-party tie-ups, app development and marketing initiative to ensure maximum utilisation.

Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Limited, said, “At Wardwizard, we are committed to accelerating the adoption of electric mobility in India through strategic partnerships and innovative business models. Our association with XiCon International is a significant step toward building a robust ecosystem for last-mile connectivity powered by clean energy. By offering reliable and scalable EV solutions, we aim to not only support delivery services but also contribute to India’s larger goal of sustainable urban mobility. We are starting with some major cities and are sure to expand to further cities by the end of this year”

Lyla Mehta, Director, Xicon International, said, "This MoU with Wardwizard marks a pivotal moment in our mission to build more sustainable and effective delivery systems. Through this association, Xicon is actively electrifying its fleet and contributing to the advancement of sustainable mobility. The Wolf+ scooters are perfect for navigating city streets and will allow us to provide a truly eco-friendly and affordable option for those critical final miles of delivery. We’re look forward to seeing the electric scooters on the road and to grow this partnership for mutual and long-term benefit."

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Bengaluru-based electric two-wheeler major Ather Energy has signed a Memorandum of Understanding (MoU) with Infineon Technologies Asia Pacific, a global leader in semiconductor solutions, to accelerate innovation in the Indian electric vehicle industry.

The partnership will focus on advancing semiconductor technologies to support light electric vehicles (LEVs), charging infrastructure and safety. As per the understanding, Infineon will bring its expertise on cutting-edge semiconductor, microcontrollers and automotive related sensors solutions, while Ather will bring its expertise in designing electric two-wheelers.

Swapnil Jain, Executive Director and CTO, Ather Energy, said: “At Ather, we’ve always believed that building great EVs starts with getting the fundamentals right –  performance, efficiency and reliability. Our approach has always been grounded in first principles thinking and deep engineering, questioning how every system can be made better, faster and more efficient. That’s where semiconductor innovation becomes critical. Infineon’s leadership in semiconductors and system solutions brings deep expertise that aligns with our engineering-first approach. Our partnership with Infineon gives us access to advanced technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost. We’re looking forward to seeing how this collaboration can help us push the boundaries, not just for our products, but for the larger EV ecosystem in India.”

Peter Schaefer, Executive Vice President and Chief Sales Officer, Automotive, Infineon, said: “India is one of the fastest-growing EV markets globally, and electric two-wheelers are at the heart of this transformation. We are thrilled to partner with Ather Energy to enable the next generation of sustainable mobility solutions. Our advanced SiC and GaN technologies will help drive energy-efficient and high-performance electric vehicles. This partnership will foster innovation that contributes meaningfully to India’s ambitious objective to reach a 30 percent sales share for EVs by 2030.”

The partners will explore sensing and safety innovations to enhance vehicle safety and user experience.

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