Liberty General Insurance Ltd (LGI) has become one of Tesla’s preferred insurance providers in the country. This partnership will provide Tesla owners with specialised coverage solutions designed specifically for electric vehicles, combining Liberty's insurance expertise with Tesla's cutting-edge automotive technology.

The alliance represents a meeting of minds, with both companies committed to transforming vehicle ownership through smart technology, digital-first services and forward-thinking mobility solutions. Liberty has developed a range of insurance products that not only match Tesla's high-performance standards but also address the specific requirements of EV drivers.

The insurance package includes EV Secure, offering complete protection for charging equipment including cables, connectors and home charging stations. The Battery Secure add-on provides dedicated coverage for battery systems, covering repair and replacement costs to maintain optimal performance throughout the vehicle's lifespan. For emergencies, Liberty Complete Assistance delivers premium 24/7 support services such as mobile charging, specialised EV towing, alternative transportation and accommodation arrangements. Tesla customers can further customise their coverage with optional add-ons like full value protection, tyre and consumables coverage, key replacement, personal item protection and loan payment support during total loss scenarios.

Parag Ved, CEO & Whole-Time Director, Liberty General Insurance Ltd, said, “Tesla’s entry into India represents far more than the arrival of a global automotive icon – it marks the beginning of a new era of mobility. At Liberty, we’re deeply honoured to be among Tesla’s preferred insurance providers for the Indian market. We see this as a moment of transformation, not just in how we drive, but in how we protect, serve, and anticipate the needs of the next generation of motorists. Our EV-specific offerings are not retrofitted; they are thoughtfully engineered from the ground up to complement the electric driving experience. Whether it’s safeguarding high-voltage batteries, offering roadside recharging or simplifying claims through our digital-first platform, we have reimagined insurance for a more intuitive, elevated future. We aim to not only support Tesla customers but also inspire broader adoption of sustainable vehicles by making protection smarter, more adaptive and reassuringly seamless. It’s more than a policy – it’s a commitment to forward motion, with purpose and precision.”

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Exicom Tele-Systems Limited, a leading Indian manufacturer of EV charging and critical power solutions, has successfully raised around INR 2.59 billion through its recently concluded Rights Issue. The offering, which saw strong oversubscription, highlights sustained investor confidence and robust promoter support.

The Rights Issue, open from 15 to 30 July 2025, allotted 1,814,000 fully paid-up equity shares at INR 143 per share in a 3:20 ratio for eligible shareholders as of the record date 7 July 2025. Promoters demonstrated their commitment by subscribing to approximately INR 1.20 billion, reinforcing their belief in Exicom’s future growth.

Proceeds will primarily strengthen the company’s financial position by reducing debt, with a target debt-to-equity ratio of 1:4 by FY26. The funds will also support global expansion efforts, including enhancing market presence in the US, Europe and Australia through Tritium, alongside covering general corporate expenses. This successful capital raise positions Exicom to accelerate its EV charging and energy solutions business while driving long-term value for stakeholders.

Anant Nahata, Managing Director and CEO, Exicom, said, “We are grateful to our shareholders for their continued trust in Exicom. The capital raised will strengthen our balance sheet and support our expansion, particularly in international markets through Tritium. While Tritium’s turnaround is taking time, we are in advanced discussions for several large global high-power charger deals that we believe can help change the course of the company. We will see this fully play out starting FY27. Back home, we remain strongly optimistic about the India opportunity, driven by the steady growth in EV adoption across the country. Our Harmony Direct 2.0 continues to gain traction, with early momentum translating into a strong sales pipeline. Meanwhile, Spin Air home chargers are securing consistent wins with leading OEMs, reinforcing trust in our technology and execution."

Shiraz Khanna, Chief Financial Officer, Exicom, said, "This Rights Issue marks an important step in enhancing our financial health. The capital raised will enable us to significantly reduce debt and support sustainable growth while maintaining prudent capital discipline."

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Bengaluru-based electric motorcycle maker Ultraviolette Automotive has expanded its presence across India with the launch of new experience centres in five cities – Madurai, Kolkata, Berhampore, Jaipur and Yelahanka (Bengaluru) – within a span of 72 hours. The company has also opened its second experience centre in Bengaluru, taking its total presence to 17 cities nationwide.

The rapid rollout is aimed at meeting growing demand for its F77 series, including the F77 SuperStreet and F77 MACH 2 models. These new ‘UV Space Stations’ will offer customers test rides, vehicle delivery, aftersales support and access to genuine spare parts.

Narayan Subramaniam, CEO and Co-Founder, Ultraviolette Automotive, said, Ultraviolette’s active expansion is not just about scaling but also about strategy and impact. With the opening of five new experience centres in a short span of 72 hours and launch of a second experience centre in Bengaluru today, we are delivering on our commitment to architect a scalable customer ecosystem with robust sales and aftersales facilities. Our launch in ten countries across Europe in June 2025 and the second phase of India expansion underscores the agility of our operational model, and our vision of serving our customers across hundred cities by FY 2026. Designing and building in India isn’t just a philosophy, it’s about laying the foundation for long-term value creation, and prioritizing service excellence ahead of new product rollouts. We are ushering in the next wave of design-led and advanced tech mobility.”

The company’s experience centres provide tailored sales and service support, creating an end-to-end customer experience. The expansion marks Ultraviolette’s entry into Rajasthan and West Bengal.

Ultraviolette also continues to upgrade its technology offerings. Its latest ‘GEN3 Powertrain Firmware’ and ‘Ballistic+’ performance mode are now available at no extra cost for all F77 owners, new and existing. These updates improve throttle response, acceleration, and initial torque. Earlier updates in 2024 included features such as Traction Control, Dynamic Stability Control, Hill-Hold Assist, and regenerative braking.

The company aims to further scale its reach to 100 cities across India by FY 2026.

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BYD has made its debut in the top 100 of the Fortune Global 500, securing the 91st position in the 2025 ranking announced on 29 July. This marks a significant leap from its 143rd place in 2024 and represents its fourth consecutive year on the prestigious list since 2022.

The company achieved robust growth across its four core industries in 2024, generating annual revenue of RMB 777.1 billion (around USD 107.1 billion), a 29 percent increase year-on-year. BYD also set a new benchmark in new energy vehicle (NEV) sales, delivering 4.27 million units – a 41 percent surge compared to the previous year – solidifying its position as the global NEV sales leader for the third straight year.

Central to BYD’s success is its dedication to technological innovation, guided by a ‘Technology-based, Innovation-oriented’ philosophy. In 2024, the company invested RMB 54.2 billion (approximately USD 7.47 billion) in R&D, a 36 percent annual rise that exceeded its net profit. Remarkably, BYD has outpaced its annual net profit with R&D spending in 13 of the past 14 years, leading to breakthroughs like the Blade Battery, DiSus Intelligent Body Control System and Megawatt Flash Charging.

Expanding its global footprint, BYD accelerated overseas growth in 2025, with passenger vehicles and pickup trucks surpassing 470,000 units in overseas sales during the first half of the year. Key milestones include launching its European headquarters in Hungary, producing its first vehicle in Brazil and delivering its 90,000th NEV in Thailand. Today, BYD operates in 112 countries and regions, offering sustainable mobility solutions worldwide.

With its rising Fortune ranking underscoring its innovation and global strategy, BYD remains committed to advancing sustainable development and its mission to ‘Cool the Earth by 1°C’ through cutting-edge technology and expanded international presence.

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Automobili Lamborghini has reported strong financial and operational performance for the first half of 2025, demonstrating stability despite global economic challenges. The Italian automaker generated EUR 1.62 billion in revenue, matching previous year figures, while operating profit reached EUR 431 million – a slight decline attributed to unfavourable currency fluctuations. The company delivered 5,681 vehicles during this period, setting a new first-half record with a two percent year-over-year increase.

Maintaining robust profitability at 26.6 percent, Lamborghini continues its sustainable growth trajectory while renewing its entire product lineup. Regional deliveries were led by EMEA with 2,708 units, followed by the Americas (1,732) and APAC (1,241).

The brand's success reflects the execution of its Direzione Cor Tauri strategy, particularly its transition to a fully hybridised lineup. Key models driving this momentum include the Revuelto, Lamborghini's first High Performance Electrified Vehicle (HPEV), featuring a groundbreaking 1,015 HP hybrid powertrain combining a V12 engine with three electric motors. Equally impactful is the Urus SE plug-in hybrid Super SUV, delivering 800 HP with enhanced efficiency and technology.

Later this year, Lamborghini will expand its electrified range with the Temerario, a new V8 HPEV super sports car that recently completed dynamic testing in Estoril. Scheduled for deliveries in early 2026, this model reinforces the brand's commitment to performance-oriented electrification, marking another milestone in its ongoing transformation.

Stephan Winkelmann, Chairman and CEO, Automobili Lamborghini, said, “The results from the first six months of 2025 are solid despite global economic and political instability, confirming that the decision to hybridise the entire range was the right one. The success of the Revuelto and Urus SE demonstrates that our vision is shared by our customers, and we now look forward to the market launch of the Temerario, which will complete the first fully hybrid range in the segment.”

Paolo Poma, Managing Director and CFO, Automobili Lamborghini, said, “In the current macroeconomic and geopolitical context, the financial and business performance of the first half of 2025 demonstrates the resilience we have built over the years, and confirms once again the brand’s positioning among the leading players in the luxury sector.”

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