The Indian Auto LPG Coalition (IAC), nodal body for the promotion of Auto LPG in India, has issued a statement, asking why special attention is reserved only for electric vehicles while overlooking auto LPG.  

Days ago, the government announced another allocation of INR 1,000 crore for the development and installation of charging infrastructure under the phase II of Faster Adoption and Manufacturing of Hybrid and Electric Vehicle (FAME) scheme. Sometime in the middle of the year, the government had extended the second phase of FAME by two years until March 2024. 

Suyash Gupta, Director General, Indian Auto LPG Coalition, said, “While we certainly welcome the long-term focus of government to set the ball rolling for a minimally carbon-intensive vehicular fuel policy and of course, the tilt towards electric vehicles would be a part of that vision, it is totally baffling that the government continues to ignore the immediate potential that auto LPG holds out in all respects as compared to electric mobility. Talking of infrastructure, government’s plans to set up 4500 EV charging stations across the country is woefully inadequate since there is a need for at least 4 lakh charging stations, 100-times that target, in order to meet its own target of having 2 million EVs on the roads by 2026. In contrast, auto LPG already has almost 1500 stations for refilling across 600 cities in the country. And that too without almost any government support. Further, India’s import dependence on lithium-ion batteries, without which EVs are an absolute non-starter, is unlikely to ease immediately even with government’s full policy push. With China dominating the world market for the raw material, it becomes even more complicated and unpredictable. On the other hand, thanks to the drive for household consumption of LPG, an extensive infrastructure exists in the country from before. With 2.5 million auto LPG vehicles already running on Indian roads, it makes almost perfect sense to give an instant policy boost to this fuel.” 

Gupta added, “Cost-wise, instead of buying expensive EVs, it becomes far easier for a consumer to get their existing vehicles retrofitted with LPG conversion kits. All that the government needs to do is to ease the Type Approval norms governing the retro-fitment of LPG/CNG conversion kits and bring them in line with the European norms. Currently, the Indian rule to renew Type approvals for auto LPG conversion kits every three years is hugely cost-prohibitive as well as a disincentive and a deterrent from both manufacturer and consumer standpoints. The government must also consider shifting the GST slabs of conversion kits from 28 to 18 percent and of auto LPG from 18 percent to 5 percent with a view to stimulate demand on the ground. In fact, even environmentally speaking, electric vehicles are not really as environmentally friendly as they are being made to be especially in the immediate term. Almost 60% of electricity in the country is still produced by carbon-emitting fossil fuel-based sources. On the other hand, auto LPG has a zero global warming potential with negligible emissions of nitrogen oxides and particulate matter.” (MT)  

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.”

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.”

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.”

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.”