It could be termed as a fine coincidence that the World EV Day has the EV industry the world over witnessing a fall in battery cell prices below the USD 100 per kWh mark for the first time in two years. The latest average price from the Benchmark Lithium-ion battery cell price assessment is USD 98.3 per kWh approximately and the reason being attributed is the near halving of Lithium prices in China as its economic continues to slowdown. 

For India, which is touted as the world’s fastest growing electric micro mobility market in the world, the news should make the electric vehicle industry happy even though not many would be keen to immediately pass on the benefit to its customers. In India, most electric vehicles feature Lithium-ion battery packs with cells that are sourced from China, Korea or Taiwan. Those that are being made at a very small scale have the material coming from markets such as China where the prices off late have been turning quite lucrative. 

Speaking on the eve of the World EV Day, Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicle Business at BYD India, said, “Today, as we mark World EV Day, we are celebrating a sustainable future in motion and charging ahead into an electrified era. Let’s embrace the power of electric vehicles to drive positive change for our planet and future generations. With the launch of our #GoGreenWithBYD campaign, we aim to inspire every individual to embrace sustainable lifestyles and contribute to a cleaner, greener future for all.”  

Sameer Agarwal, Founder and CEO, Revfin Services, mentioned, “On this special day, we celebrate not just the technology but the people and communities coming together to create a sustainable tomorrow. At Revfin, we believe that the road ahead is electric, and we're driving change.”  

Sandiip Bhammer, Founder and Co-Managing Partner, Green Frontier Capital, averred, “For India to truly embrace EVs, we must catalyse a nationwide ‘charging revolution’. It's not merely about rolling out electric cars; it's the backbone of power behind them which truly counts. The heart of our modern mobility lies in every strategically placed charging station and every innovative solution we bring to the table. We envision a landscape wherein electric chargers are as commonplace as our current petrol pumps, seamlessly integrated into the rhythm of daily life. It's a dance of technology and infrastructure, a harmony between innovation and tradition. An electrified road is no longer a distant dream, but a reality we must confront. This is the future India not only needs but rightfully deserves.” 

Namit Jain, Co-founder and CEO, Rupyy, said, “As we commemorate World EV Day, we're reminded that we stand at a pivotal juncture akin to the early days of the internet—globally symbolised by Tesla's transformative impact and Europe's robust green policies. In India, the two-wheel electric vehicle sector has exhibited a robust growth of 60 percent in H1CY23, capturing a seven-percent market share from just 1 percent two years prior. While challenges persist—ranging from high initial costs to infrastructural gaps—the landscape is ripe for disruption. One such avenue is the evolving fintech sector, which is playing an increasingly significant role in EV adoption by streamlining financing options. From a 30 percent to 40 percent surge in EV financing penetration in recent months, fintech innovations are effectively democratising access to electric mobility. Supported by government initiatives, technological breakthroughs, and financial ingenuity, we are confident that India is steering towards a sustainable and electrified future.”  

Ketan Mehta, Co-Founder and CEO, HOP Electric Mobility, expressed, “Global climate concerns have been driving nations toward sustainability. India's pledge for carbon neutrality by 2070 spurs interest in New Energy Vehicles (NEVs) like, Hydrogen Fuel Cells, Electric Vehicles (EVs), among other options. Electric Vehicles’ adoption has been gaining traction due to their lower carbon footprint and cost-efficiency. In the first-half of CY-2023, the segment has experienced consistent sales, surpassing the 100,000-unit mark each month according to government estimates. Efforts are also underway to establish a nationwide charging network by the government and companies collaboratively. We are expanding our 'HOP Infinity Energy Network’, which we piloted in Rajasthan. We are now rolling it out to other states.” 

Mayank Bindal, Founder and CEO, Snap E Cabs, averred, “At Snap-E it would be fair to say that the entire company has imbibed the CSR ethos; We believe that solving some of the most pressing transportation problem for our customers in a profitable way and leading the way to help adopt sustainable practices and helping the planet are not two different goals. They are one and the same.” With about 400 plus cabs (all 100 percent EV) in operations, Kolkata based Snap-E is among the largest EV Cab fleet owners in the country. 
Rajat Verma, Founder and CEO, Lohum, said, “Lohum's activities are driving change by building a sustainable supply of energy transition materials. By pioneering solutions that turn EV batteries and critical material waste into virtually infinite value, we pace toward a future that makes full use of its resources and takes accountability for our planet.” 

Narayan Subramaniam, Co-Founder and CEO, Ultraviolette Automotive, mentioned, “Electric mobility in India is on the rise and we at Ultraviolette are proud of our contribution to this transformation with our flagship product - the F77. We believe the value of electric vehicle technology lies not just in functional use case segments but also in exciting, performance driven segments. India is now an emerging leader in the global EV arena demonstrating rapid EV adoption consistently. We applaud the initiatives undertaken by the government and industry to bolster this transition, including the FAME II scheme and the PLI scheme. These policies not only offer financial incentives to manufacturers and buyers but also provide crucial guidance to the ecosystem.” 

Nitin Kapoor, Managing Director, Saera Electric Auto Ltd, expressed, "With 40 different types of vehicles and USD 4.23 billion market value, the Indian EV market stood at 11th position in the world on the readiness index. Thus, there is an urgent need to accelerate the EV transition of the country in line with sustainable development goals. The large market with huge domestic demand augurs a golden future for green mobility in India. Electric rickshaws, which are phenomenal in first and last-mile connectivity in metros and providing affordable commutation to sub-urban and rural populace, can further propel India’s EV industry with government support. The industry seeks a more amicable approach from the government with favourable initiatives like subsidies, lower taxes, simple financing alternatives, development of EV charging infrastructure, and establishment of uniform infrastructure standards. These measures are essential in driving India towards a more sustainable future powered by electric vehicles". 

Ankit Mittal, Co-Founder and CEO, Sheru, said, "India’s EV sales are at a tipping point, with this being the first year that sales of EVs going past the five-percent mark of all vehicles sold. This is an important figure. India’s EV sector has thus crossed its infancy stage and is poised to enter the rapid growth stage. While we look back at what has been achieved with satisfaction, we must also be prepared for what is to come next. If we implement our plans and execute it well, India’s mobility sector will witness a transformation in the coming years. Sheru is leading EV sustainability from the front". 

Ashish Deswal, Founder, EarthtronEV, averred, "With more people shifting to EVs, the Indian electric vehicle market size of USD 4.23 billion in 2023 is expected to grow at a CAGR of 68 percent to reach USD 152 billion by 2030. The country aims to achieve 100 percent electric mobility by 2030, which requires rapid expansion of EV charging infrastructure. Still, the charging infrastructure is not sufficient to provide an adequate pace for mobility transition. Besides, a move towards standardisation of EV charging connectors is necessary to benefit the EV charging industry and accelerate the transition to sustainable transportation".

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Flying Flea, the electric mobility brand from Royal Enfield, has expanded its retail network in India by launching operations in Hyderabad. Following its initial rollout in Bengaluru, where registered vehicles have accumulated over 100,000 kilometres, Hyderabad becomes the second Indian market for the brand.

The expansion includes four touchpoints across Hyderabad, comprising one company-owned store in Erragadda and three dealer partner locations operated by Taurus Motors in Vanasthalipuram, Bolt Motorcycles in Hi-Tech City and SVR Motors in Kondapur. The network utilises a hub-and-spoke operational structure, designating the Erragadda facility for technical support while the partner locations handle routine service and sales operations.

The brand's initial offering, the Flying Flea C6 electric motorcycle, is priced at INR 279,000 ex-showroom or INR 199,000 under a Battery-as-a-Service model. The vehicle is offered in three colour options: Storm Black, Flea Green, and Parachute White, with roadside assistance provided across retail channels.

The retail launch in Hyderabad follows Flying Flea's international expansion into European and UK markets, including retail locations in Paris, Barcelona, Berlin, Rome and London.

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Zomato and Blinkit, operating under parent company Eternal, hosted the third edition of EV Bazaar at the KD Jadhav Stadium in New Delhi to promote electric two-wheeler adoption among delivery partners.

The event drew participation from 2,500 delivery gig workers and over 20 original equipment manufacturers and ecosystem partners, showcasing more than 30 electric two-wheeler models alongside vehicle rental, financing and charging solutions.

The event included addresses by Mahmood Ahmed, Additional Secretary at the Ministry of Road Transport and Highways and Jitender Patil, Head of the EV Cell at the Transport Department of Maharashtra.

As of 30 September 2026, over 200,000 delivery partners across the Zomato and Blinkit platforms operate electric two-wheelers. During FY2026, electric vehicles completed 228 million deliveries across both platforms, avoiding an estimated 9,926 tonnes of carbon dioxide emissions.

Mahmood Ahmed said, “The electrification of the transportation section is a critical contributor to India’s energy security and air pollution control. The adoption of EVs by delivery partners is important to accelerating the transition since charging, swapping and servicing networks will expand for the industry and benefit other users as well. I appreciate this proactive initiative by Zomato and Blinkit to further the gig ecosystem’s shift to electric mobility and enabling a better future for India.”

Anjalli Ravi Kumar, Chief Sustainability Officer, Eternal, said, “For our delivery partners, the performance of their bike is critical to their ability to earn efficiently. Delivery may only be one of their many responsibilities on the same day. That makes the move to electric a practical and financial question as much as an environmental one. EV Bazaar gives delivery partners a place to evaluate their EV bike purchase options by directly interacting with companies who build, rent, finance and charge EV bikes. We thank each of them for being part of the third edition.”

To facilitate vehicle access, the companies operate a 'Rent a vehicle' feature within their delivery partner mobile applications, enabling workers to lease electric two-wheelers and locate charging and battery-swapping stations within assigned delivery zones. Over 23,000 delivery partners utilised the rental feature in fiscal year 2026. Additionally, Zomato Local Services launched an owned electric vehicle rental fleet in June 2025, deploying over 1,500 electric two-wheelers across Delhi and Chennai by March 2026.

Sheetanshu Tyagi, Co-Founder and CEO, EMO Energy, said, “EMO Energy brings advanced batteries and 20-minute charging together to keep last-mile vehicles moving. With Zomato and Blinkit, we are enabling riders to charge faster, operate with zero downtime, and have greater vehicle availability.”

During the event, three delivery partners received new electric two-wheelers and one partner was awarded a one-year rental sponsorship from the network in recognition of operational performance and participation in platform electrification initiatives.

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Jio-bp, the operating brand of Reliance BP Mobility, has signed a Memorandum of Understanding (MoU) with electric vehicle leasing platform Vertelo to develop charging infrastructure and financial solutions for electric buses and trucks in India.

The partnership combines Vertelo's commercial vehicle leasing platform with Jio-bp's fast-charging network across urban centres and highway transport corridors.

As per the agreement, both entities will explore providing fleet operators with turnkey charging infrastructure projects, preferential charging rates and location tracking for charging hubs. The initiative aligns with the Government of India's PM E-DRIVE program, which promotes zero-emission commercial transport adoption.

Sarthak Behuria, Chairman, Jio-bp, said, "India's transition to electric mobility is no longer a question, it is happening quickly. At the heart of this transformation are commercial fleets - buses and trucks that keep our people, cargo, and economy moving every day, often covering the longest distances and the toughest routes. At Jio-bp, we believe EV charging infrastructure is a critical part of national infrastructure and our partnership with Vertelo marks an important step towards building the charging backbone needed to cater to the demands of this transition."

Akshay Wadhwa, CEO, Jio-bp, said, "Jio-bp pulse has been built on a simple promise - accessible, reliable, high-uptime EV charging wherever needed. With Vertelo, we are bringing that same reliability to commercial fleets, which have distinct needs shaped by routes, battery capacities and operating patterns. This MoU lets us address those needs directly, while exploring practical charging and financing solutions for fleet operators. Together, we aim to make reliable charging more accessible for electric buses and trucks."

Sandeep Gambhir, CEO, Vertelo, said, "Commercial vehicles cover far more kilometres than passenger cars, which makes them the segment where electrification delivers the greatest environmental return, and where charging access matters most. Jio-bp has built meaningful infrastructure along the major corridors our customers operate on. This collaboration will help connect more cities and communities across the country while reinforcing Vertelo’s status as a trusted enabler of EV adoption through its ecosystem play through leasing and financing solutions along with creating the necessary infrastructure to facilitate the same."

The collaboration addresses charging access, battery performance management, and capital expenditure barriers for commercial fleet operators transitioning from internal combustion engine vehicles.

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Pune-headquartered electric vehicle company Kinetic Watts and Volts, a subsidiary of Kinetic Engineering, has entered into a retail financing partnership with IDFC FIRST Bank to provide credit options across its dealership network.

The arrangement enables customers at Kinetic EV dealerships to access loan options, interest rates and instalment plans, subject to eligibility criteria. Ground teams from IDFC FIRST Bank will collaborate directly with dealership staff to process applications at the point of sale. The initiative coincides with the expansion of Kinetic EV’s retail footprint, which currently comprises over 65 operational sales, service and spare parts facilities in India.

Ajinkya Firodia, MD, Kinetic Watts and Volts, said, "For many customers, choosing an electric two-wheeler is not just about selecting the right product, but also about finding a purchase option that works for them. Our partnership with IDFC FIRST Bank gives customers greater choice at the point of purchase and strengthens the support available across our dealership network. With quick financing options, attractive EMI plans and exciting offers for eligible customers, we want to make the overall purchase journey simpler and more convenient. As we continue to expand our presence across markets, we look forward to making the journey towards electric mobility more accessible for more customers."

The tie-up leverages the bank's branch and operational network to support dealership sales in multiple regional markets. The companies are also developing customer schemes and promotional offers that will be announced at a later date.

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