Roy Kurian Joins Revolt Motors As President

Roy Kurian

Two-wheeler industry veteran Roy Kurian has joined Revolt Motors as President. This marks the second innings for Kurian at Revolt Motors; he had previously held a brief stint in January 2023, before joining Montra Electric as its Chief Executive Officer.

Kurian is a seasoned C-suite executive known for his deep expertise in the automotive and mobility sectors, specialising in business turn-arounds and scaling operations, particularly within the electric vehicle (EV) landscape.

He spent over a decade at India Yamaha Motor from 2007 to 2019, growing to the ranks of Senior Vice-President Sales Marketing. He had joined Tork Motors in 2019 spending over a year at the electric motorcycle company before joining Ampere Electric Vehicles as COO and Executive Director Electric Mobility.

In his new role, he will lead RattanIndia Enterprises-led Revolt Motors, which has been focussing on expanding its market share in the electric two-wheeler space.

For CY2025, Revolt MotoCorp has sold around 8,164 electric two-wheelers as compared to 9,955 units in CY2024. At present, Revolt MotoCorp’s product portfolio includes – Revolt RV1, Revolt RV1+, Revolt BlazeX, Revolt RV400BRZ and Revolt RV400 in the electric motorcycle segment.

conventional two-wheeler leadership at a major international brand, followed by a concentrated pivot into high-growth, executive roles across the Indian EV ecosystem, culminating in multiple tenures as CEO and President. He possesses proven skills in executive management (CXO), strategic sales, marketing, and operational leadership.

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Yulu Enters Bhopal, Expands Footprint In Central India

Yulu - Bhopal

Yulu has launched its franchisee-led service in Bhopal, Madhya Pradesh, marking its ninth partner-led rollout under the Yulu Business Partner (YBP) initiative.

The service is operated by Tezz Mobility, led by entrepreneurs Dharamveer Singh Bhadoriya and Siddharth Jain, and expands Yulu’s presence into Central India.

The partnership aims to address the growing demand for last-mile delivery services in Bhopal, which is currently served primarily by petrol vehicles. The ecosystem includes a city-wide network of Yulu Zones, a central operations and service hub and a battery-swapping grid provided by Yuma Energy.

In the first phase, operations are focused on high-density delivery zones such as Shahpura, with plans to expand to Hoshangabad Road, New Market, TT Nagar, Kolar Road and Habibganj.

Tezz Mobility intends to scale its fleet to over 1,000 electric vehicles (EVs) within the next two to three years, covering Bhopal and other high-potential regions in north and west India.

The launch is designed to overcome local barriers to EV adoption, such as limited rental options and a lack of dedicated charging infrastructure. By providing purpose-built delivery EVs and a pay-per-use model, the service allows delivery partners to access sustainable mobility without the need for personal vehicle ownership or fuel reimbursements. The long-term objective of the initiative is to transition 100 percent of Bhopal's delivery traffic to EV-powered mobility.

Amit Gupta, Co-Founder & CEO, Yulu, said, “Bhopal represents a strong market opportunity characterised by rising delivery demand and a thriving gig economy. With 45+ dark stores and thriving food delivery activity, the Bhopal market has room for ~8,000 delivery riders. Through our partnership with Tezz Mobility, Yulu is delighted to build a scalable, tech-driven logistics backbone to cater to this demand. Yulu’s proven mobility stack and segment expertise, coupled with Dharamveer and Siddharth’s operational prowess, will accelerate Bhopal’s transition toward a more efficient, sustainable and future-ready mobility ecosystem.”  

Dharamveer Singh Bhadoriya, Co-Promoter, Tezz Mobility, added, “Our previous experience as a supplier to leading quick commerce brands has given us a first-hand understanding of the operational challenges delivery ecosystems face every day. With Yulu’s platform, we are bringing a proven, end-to-end solution that allows Bhopal’s delivery partners to access reliable, affordable and sustainable mobility while helping aggregators to meet their EV commitments from day one.”

Siddharth Jain, Co-Promoter, Tezz Mobility, added, “Yulu’s full-stack platform, brand trust and aggregator relationships have enabled Tezz Mobility to reduce our build time from 1.5 years to mere weeks. The Tezz team is excited to transform Bhopal’s mobility landscape. The longer arc is to turn Bhopal into a reference model for every subsequent city.” 

 

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Indofast Energy Targets 3,500 Battery Swap Stations By FY2027

Indofast Energy

Indofast Energy, the joint venture between Indian Oil Corporation and Sun Mobility, has announced a record performance for FY2026, surpassing several key infrastructure and partnership milestones.

The battery-swapping provider has established a network of over 1,600 stations across 23 cities and supports more than 90,000 vehicles.

The company’s growth has been supported by large-scale infrastructure projects and a focus on clean mobility. The network has facilitated more than 1.6 billion kilometres of clean travel and saved 80,000 tonnes of CO2 emissions. It surpassed 1,600 battery swap stations across a mix of metro, Tier II and Tier III markets.

Indofast Energy expanded its ecosystem through collaborations with manufacturers and urban mobility hubs. The company has forged partnerships with 32 OEMs, including Motovolt Mobility, e-Sprinto and Quantum Energy. It also fostered new infrastructure partnerships, including the Mumbai Metro Rail Corporation (MMRCL), Indian Railways and Nexus Select Malls. With use cases now spanning personal mobility, e-commerce, food delivery and last-mile logistics.

Following the momentum of FY2026, Indofast Energy aims to deploy 3,500 stations by FY2027. The company plans to support 232,000 electric vehicles within the same period.

Anant Badjatya, CEO, Indofast Energy, said, "FY26 has been a defining year for Indofast Energy as we strengthened our position as India’s safest and most trusted battery-swapping network. From scaling our station footprint and onboarding thousands of vehicles, to forging strategic partnerships across OEMs, fleets and infrastructure players, every milestone reflects our commitment to powering everyday India".

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Nissan Intros Gravite CNG With Twin-Cylinder Retrofitment Kit

Gravite CNG

Nissan Motor India (NMIPL), one of the leading passenger vehicle manufacturers, has introduced a government-approved CNG retrofitment kit for the Nissan Gravite. The kit features a twin-cylinder setup that allows the vehicle to maintain its functionality as a seven-seater. Developed and quality-assured by Motozen, the kit is available at an introductory price of INR 82,999.

The Gravite CNG uses two 25-litre cylinders designed to preserve third-row space and modularity. It features a sequential BS6.2 compliant kit and dynamic advancer technology optimised for the Gravite. The ICAT-approved system includes cylinders with an 8.1 mm thickness for increased durability. The design includes a fuel filling point located under the fuel lid and component brackets with a factory-finish integration. The CNG kit components are covered by a three-year or 100,000 km third-party warranty.

Thierry Sabbagh, Divisional Vice-President and President, Middle East, KSA, CIS and India – Nissan and Infiniti, said, “India continues to be a strategic market for Nissan, and our focus is on bringing products and mobility solutions that are relevant, accessible and future-ready, aligned with the evolving needs of the customers. The introduction of the CNG option for the All-New Nissan Gravite is a significant step in that direction”.

Saurabh Vatsa, Managing Director, Nissan Motor India, added, After an extremely positive reception from the customers for the Magnite CNG, we are delighted to now launch the first twin-cylinder solution in the segment for The all-new Nissan Gravite. It has been designed for customers who need the practicality, flexibility and comfort of a 7-seater MPV for everyday family use. With the introduction of the government-approved CNG retrofitment kit, we are making that proposition even stronger by offering a solution that is not only economical to run but also designed to retain its full 7-seater flexibility, modularity & capability through a smart twin-cylinder setup, ensuring no compromise on space or everyday usability.”

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Ather Energy Reports Record Performance In FY2026, Expands Market Share & Sales

Ather Energy

Bengaluru-based electric vehicle maker Ather Energy has announced its strongest-ever performance in FY2026, characterised by record sales volumes and significant improvements in financial margins.

In FY2026, the company sold 262,942 electric two-wheelers, marking a 69 percent YoY growth. This translated to a revenue of INR 38.23 billion, up 66 percent YoY, EBITDA losses reduced to INR 2.57 billion from INR 5.31 billion a year ago, net loss dropped to INR 5.17 billion, as compared to INR 8.12 billion in FY2025.

In Q4, the company witnessed 76 percent YoY growth with sales of 83,418 electric two-wheelers, which translated to a 18.6 percent market share.

The company said its non-vehicle revenue – income from software, charging and services – rose to 13 percent of total income. In Q4, 93 percent of customers opted for the AtherStack Pro software package.

In FY2206, Ather Energy doubled its retail network to 700 Experience Centres (ECs), up from 351 at the end of FY2025. The service network strength reached around 548 centres, nearly twice the footprint of the previous year.

Furthermore, Ather Energy customers now have access to over 6,000 charging points powered by LECCS, forming the largest fast-charging network for two-wheelers in India.

Tarun Mehta, Co-Founder & CEO, Ather Energy, said, “FY2026 has been a fantastic year for us across volumes, market share, and financial performance. We focused on building demand through strong product-led growth and scaling it through distribution. Rizta helped us unlock a much larger addressable market, and with that, we expanded our retail network. That demand translated into strong volume growth and better unit economics. With our new scooter platform, EL, we have the opportunity to replicate the same growth levers at potentially a larger scale, going after the biggest total addressable market in the Indian E2W segment. Coupled with that, our investments in Factory 3.0 at AURIC will give us the scale and efficiency to serve that demand and set us up for the next phase of growth.”

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