JSW MG Motor India, which recently launched the MG Windsor EV, which is claimed to be India’s first Intelligent CUV, has received a good customer response.

The company claims it has received 15,176 bookings for the Windsor EV within 24 hours after the bookings commenced on Thursday 3 October, 2024.

This milestone it states highlights the growing demand for four-wheeler EVs in the Indian market and underscores the shift toward electric mobility.

Satinder Singh Bajwa, Chief Commercial Officer, JSW MG Motor India said, "We are grateful to our customers who have embraced the MG Windsor wholeheartedly and enabled it to reach the milestone of 15,176 bookings in just one day. This achievement solidifies the MG Windsor's position as a progressive force in India's electric vehicle market. As the first EV to reach this benchmark, the MG Windsor’s popularity underscores the increasing demand for sustainable, cost-effective, and rider-friendly transportation choices among Indian car buyers. We are delighted to contribute to this evolution, and remain committed to delivering innovative, intelligent, and eco-friendly mobility solutions.”

The Windsor EV is said to combine the comfort of a sedan and the expanse of an SUV. The Intelligent CUV sports an aerodynamic design, spacious and opulent interiors, imposing stance, reassuring safety, smart connectivity, driving comfort, and many hi-tech features. It is available for car buyers at an attractive starting price of INR 999,000 plus INR 3.5/kilometre, under the BaaS program. The option for an outright purchase is also available, with prices starting from INR 1.34 million (ex-showroom).

The MG Windsor EV is powered by a 38 kWh Li-ion battery pack, which is IP67 certified, and delivers an impressive performance of 100KW (136ps) power and 200Nm Torque through four driving modes (Eco+, Eco, Normal and Sport), resulting in over 332 km ARAI certified range on a single charge. The CUV is available in three variants: Excite, Exclusive, and Essence; and four vibrant colour options: Starburst Black, Pearl White, Clay Beige, and Turquoise Green.

The Windsor EV is offered with a lifetime battery warranty to the first owner, one-year free charging at public chargers through the eHUB by MG app, assured 60 percent buyback after 3 years/45,000kms and MG e-Shield: A 3-3-3 package for complete peace of mind (3 years unlimited km warranty on vehicle/3 years RSA coverage/3 labour-free services).

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Bengaluru-based clean tech company Indofast Energy has partnered Nexus Select Malls to introduce battery swapping stations within shopping mall premises. The initiative has commenced with the inauguration of Quick Interchange Stations (QIS) at Nexus Shantiniketan and Nexus Whitefield in Bengaluru.

This marks the first time such infrastructure has been integrated into the portfolio of India’s first Retail REIT. The partnership is designed to provide energy solutions for commuters, delivery partners and fleet operators by utilising high-footfall retail destinations.

Following the Bengaluru launch, the companies plan to expand the network to other cities, including Delhi NCR, Chandigarh, Hyderabad and Pune. The technology allows users of electric two-wheelers and three-wheelers to replace depleted batteries in minutes, addressing requirements for the last-mile delivery sector.

The swapping stations utilise an automated platform that supports multiple vehicle types. By placing these stations in malls, the companies intend to make electric vehicle (EV) charging as accessible as traditional retail services. The project aligns with broader efforts to embed sustainable mobility into urban infrastructure and reduce the time vehicles spend at stationary charging points.

Anant Badjatya, CEO, Indofast Energy, said, “Our collaboration with Nexus Select Malls represents a paradigm shift in how urban infrastructure can support the rapid adoption of electric vehicles. By integrating our state-of-the-art battery swapping technology directly into high-footfall retail destinations, we are not just providing convenience; we are creating an ecosystem where electric mobility becomes an effortless and integral part of daily life for millions of shoppers and commuters, and especially the thriving last-mile delivery ecosystem. We are incredibly proud to be Nexus Select Malls’ first battery swapping partner and look forward to a successful, rapid expansion across their extensive network. This partnership underscores our commitment to making battery swapping the default choice for urban transportation and accelerating India’s transition to sustainable mobility.”

Nilesh Singh, Senior V-P, ESG & Business Excellence, Nexus Select Malls, added, “As India’s first Retail REIT, Nexus Select Malls is committed to reimagining malls as future-ready urban ecosystems. Introducing battery swapping stations for the first time across our portfolio is a meaningful step in embedding sustainability into everyday consumer spaces. This initiative supports cleaner last-mile mobility while making greener choices visible, accessible and practical for millions of visitors who engage with our malls every day.”

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Kinetic Watts & Volts, the electric mobility division of the Kinetic Group, has formed a retail finance ecosystem through partnerships with Hero FinCorp, Bajaj Finserv and CleverPe.

The collaborations provide financing solutions for the Kinetic DX and DX+ electric scooter range, utilising traditional lending and digital payment technologies across the company’s dealership network in India.

The partnership combines the reach of established financial institutions with a fintech platform to offer EMI-based lending and digital credit options. This framework is designed to reduce upfront costs and simplify documentation for consumers. The move supports Kinetic’s strategy of market-by-market expansion as the company scales production and registration volumes.

The Kinetic DX range features the Range-X LFP battery architecture, which is engineered for safety and reliability. The scooters are designed to reference the brand's previous petrol models while functioning as modern electric vehicles. By integrating finance options directly at the point of sale, the company aims to address the requirements of urban consumers and first-time buyers.

Kinetic Watts & Volts is currently building its dealership footprint and after-sales infrastructure to support its long-term vision in the electric vehicle sector.

Ajinkya Firodia, Vice-Chairman & Managing Director, Kinetic Watts & Volts, said, “Access to convenient and trusted financing is fundamental to accelerating electric mobility adoption in India. By partnering with Hero FinCorp, Bajaj Finserv and CleverPe, we have built a comprehensive retail finance ecosystem that offers customers flexibility, choice and confidence. These collaborations support our strategy of opening markets one by one, while reinforcing the growing belief of leading financial institutions in Kinetic’s EV products and long-term vision.”

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NPCI Bharat BillPay (NBBL), a subsidiary of the National Payments Corporation of India (NPCI), has introduced the ‘EV Recharge’ category on its Bharat Connect platform. The service allows electric vehicle (EV) owners to top up their charging wallets through a unified framework, addressing the fragmentation caused by multiple operator applications.

The integration follows a significant increase in EV sales, which grew from 50,000 in 2016 to 2.08 million in 2024, according to NITI Aayog. As India targets a 30 percent share of electric vehicles in total sales by 2030, the demand for accessible charging infrastructure has risen. As of August 2025, the Ministry of Power reported 29,277 public charging stations across the country.

The new category enables users to manage balances for networks such as Tata EZ Charge and Zeon Charging through Bharat Connect-enabled applications and websites. The platform supports various payment modes, including UPI, cards, net banking and digital wallets. The API-driven infrastructure provides instant transaction confirmations and digital records for all users.

The initiative is designed to improve the discoverability of charging services and provide ecosystem participants with access to a broad digital network. By centralising wallet recharges, NBBL seeks to remove the need for customers to navigate different platforms for different charging providers.

Noopur Chaturvedi, MD & CEO, NBBL, said, “As electric mobility becomes central to India’s transport landscape, offering a dependable solution for EV wallet recharges is essential. To meet this need, we have integrated the service into Bharat Connect’s robust and expansive biller network, leveraging its reach and interoperability to ensure a unified experience for EV users across the country. The ‘EV Recharge’ category is built for scalability, and convenience and will continue to evolve alongside India’s growing EV adoption.”

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RoadGrid has raised INR 120 million in a Pre-series A funding round led by Inflection Point Ventures, which also saw participation from Venture Catalysts, FAAD Network, LetsVenture and several angel investors.

The funding will be used to support the company’s objective of expanding its electric vehicle (EV) charging infrastructure across India.

Currently, RoadGrid operates in two segments of the EV market: the manufacture and sale of EV chargers to original equipment manufacturers and operating public and commercial charging stations. The company provides charging equipment for two-wheelers, three-wheelers and four-wheelers. At present, India has approximately 8,000 charging stations, with a projected requirement of nearly 3 million stations by 2030.

The company's business model integrates Charging as a Service (CaaS) with direct sales to OEMs. RoadGrid is executing charging station deployments in locations such as Indore and Navi Mumbai, and holds orders with utilities including BSES and NPCL. The company reports a pipeline exceeding 1,000 chargers.

RoadGrid has partnered with Vgreen, a subsidiary of VinFast, to develop a charging network at HPCL retail outlets and to support the VinFast Aftersales Network in India. To date, the company has completed over 100 installations for clients including IOCL and Amazon. The Indian EV charging market is estimated to grow from INR 50 billion to INR 500 billion over the next six years.

The EV company has been founded by Deepesh Shrinath (CEO), who has experience at Emerson and Eaton. Shashank Narayan (CTO) previously worked at Delta Electronics and authored an EV charger handbook for NITI Aayog. The leadership also includes Chandraprakash Akotkar (COO), an electrical design specialist and Bharat Joshi (CMO), who has a background in advertising infrastructure.

Mitesh Shah, Co-founder IPV, said, “One of the biggest gaps in India’s EV journey today is not intent, but infrastructure. Consumers are ready to adopt electric mobility, but the lack of reliable, accessible charging continues to slow scale. What stood out to us about RoadGrid is their clear understanding of this gap and their ability to address it across multiple layers, from charger manufacturing to on-ground charging operations. Their focus on both OEM partnerships and public charging networks positions them well to build infrastructure that is not just expansive, but practical and sustainable.”

Deepesh Shrinath, Founder, RoadGrid, said, “RoadGrid is on a mission to enable seamless, sustainable and accessible electric mobility across India. We are focused on building reliable, universal charging infrastructure that works across vehicle categories and real-world use cases. With our VC partners, we will be scaling EV charging infrastructure that can become foundational to India’s EV ecosystem and support adoption at a national level.”

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