EV news
Uno Minda Takes Full Control of EV JV with ₹195 Cr Buyout
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Uno Minda has moved toward fortifying its presence in the Indian electric vehicle (EV) market by getting the leftover 49.9% stake in its joint endeavor firm, UnoMinda EV Frameworks (UMEV), from its German accomplice, FRIWO Geratebau GmbH. The securing, esteemed at Rs 195 crore, will make Uno Minda the sole proprietor of UMEV, expanding its stake from 50.1% to a total 100 percent.
This move is supposed to upgrade Uno Minda’s situation in the quickly growing EV area in India, especially in the bike market, which is seeing expanding reception of electric portability arrangements. Alongside the leftover stake in UMEV, Uno Minda will likewise obtain the licensed innovation privileges and innovative work (Research and development) resources connected with e-drive advances from FRIWO’s offices in Germany and Vietnam. The arrangement is expected to be finished toward the finish of the main quarter of FY26.
Uno Minda Gathering Administrator and Overseeing Chief, Nirmal K Minda, communicated trust in the securing’s capability to reinforce UMEV’s authority in the Indian EV frameworks market. As per him, the joining of e-drive advances will permit the organization to use new learning experiences and grow its impression in the business.
The Indian EV market has been encountering significant development, driven by government drives, rising fuel costs, and expanding shopper consciousness of manageable transportation. Uno Minda perceives the expected in this area, especially in the bike section, where interest for effective and imaginative EV arrangements is flooding. By completely gaining UMEV, the organization expects to profit by the developing business sector elements and position itself as a central participant in the EV environment.
UnoMinda EV Frameworks was laid out in December 2021 as a joint endeavor between Uno Minda and FRIWO Geratebau GmbH, a German organization spend significant time in power supply and e-portability arrangements. The association was pointed toward creating state of the art EV parts and frameworks for the Indian market. Nonetheless, with this most recent turn of events, Uno Minda has chosen to assume total command over the endeavor, merging its mastery and assets to drive future advancement.
By securing licensed innovation and Research and development resources from FRIWO’s offices, Uno Minda will get to cutting edge e-drive advancements, improving its capacity to foster cutting edge EV arrangements. This essential move lines up with the organization’s drawn out vision of turning into a main provider of EV parts, taking care of the developing requirements of the Indian and worldwide business sectors.
Uno Minda has been effectively putting resources into the EV space, zeroing in on regions, for example, electric powertrains, battery the executives frameworks, and brilliant vehicle advances. The full obtaining of UMEV is supposed to speed up its endeavors in these spaces, empowering it to convey progressed and effective answers for automakers and EV makers.
Industry specialists accept that this securing will furnish Uno Minda with more prominent functional adaptability, permitting it to smooth out independent direction and streamline item advancement processes. By getting e-drive advances house, the organization can improve its exploration capacities, diminish reliance on outside accomplices, and quick track the send off of imaginative EV arrangements customized to the Indian market.
The Indian government’s push for EV reception, upheld by strategies like the Quicker Reception and Assembling of Half breed and Electric Vehicles (Distinction) plan and motivators for neighborhood fabricating, has established a good climate for organizations like Uno Minda to extend their EV portfolio. With expanded interest in foundation, battery innovation, and EV charging networks, the business is ready for dramatic development before long.
Uno Minda’s choice to completely gain UMEV mirrors its obligation to remaining ahead in the developing EV scene. By utilizing its recently procured innovations and resources, the organization plans to assume a crucial part in forming the eventual fate of electric portability in India.
The securing isn’t simply a business move; it addresses an essential interest in development, innovation, and supportability. As the interest for EVs keeps on rising, Uno Minda is situating itself to be a key empowering influence of the change toward cleaner and more proficient transportation arrangements.
With the exchange set to be finished before long, Uno Minda is outfitting to incorporate UMEV’s tasks flawlessly into its business structure. This securing marks a urgent achievement in its excursion towards turning into a prevailing power in the Indian EV biological system, building up its standing as a ground breaking organization devoted to driving the fate of portability.
Article By
Sourabh Gupta
EV news
Mahindra’s Upcoming EV Based on XUV700 – Fresh Leaks Reveal Details
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Mahindra is gearing up to expand its electric vehicle (EV) portfolio in India, with recent leaks revealing exciting details about its upcoming models. The Indian automaker has been actively developing a series of new EVs, and two of the most anticipated offerings are the XEV 7E and the XUV.e8 concept. According to sources from GaadiWaadi.com, Mahindra is also working on the B6 and XEV 9E models, which will be built on the INGLO modular platform of the company.
The INGLO platform is expected to be a key component in Mahindra’s future EV lineup, providing a scalable and efficient base for multiple electric models. According to recent rumors, Mahindra intends to introduce a brand-new electric SUV in the middle of 2025. Alongside this, the automaker has also been testing an electric compact SUV based on the 3X0 architecture on public roads, indicating that more EV models are in the pipeline.
However, Mahindra’s current focus on meeting the production requirements of the BE6 and XEV 9E models may delay the release of the vehicle that has been leaked. Many people have already started to speculate as a result of the sightings and reports, keeping automotive enthusiasts eager for more information. An electric version of the XUV700 is the XEV 7E.
One of the most intriguing upcoming models is the XEV 7E, which is rumored to be an electrified version of the popular XUV700. If the leaks are accurate, the XEV 7E will retain many of the features that made the XUV700 a hit, while also introducing EV-specific enhancements.
It is anticipated that the XEV 7E will include a list of premium features, such as a triple-screen configuration that incorporates a large touchscreen infotainment system, a fully digital instrument cluster, and an additional passenger display. The cabin will also include advanced safety features such as Level 2 Advanced Driver Assistance Systems (ADAS), automatic climate control, a panoramic sunroof, a powered tailgate, and ventilated seats.
The XEV 7E is likely to have distinctive EV styling elements and a modern, aerodynamic silhouette in line with Mahindra’s new design philosophy. Two battery pack options—a 59 kWh and a 79 kWh unit—may be available for the vehicle, both of which are already in use in some of Mahindra’s existing electric vehicles. These battery options would provide a competitive range, making the XEV 7E a strong contender in the growing Indian EV market.
Mahindra has been making significant investments in the EV space, and its future lineup appears to be diverse, catering to both premium and compact segments. With the XEV 7E, XUV.e8, B6, and XEV 9E models in the works, the company is strategically positioning itself to compete with other leading EV manufacturers in India.
The company’s commitment to electric mobility is evident through its focus on cutting-edge technology, modular platforms, and consumer-friendly features. Mahindra’s upcoming EV lineup could significantly contribute to India’s shift toward sustainable transportation if the rumors and reports are true.
Mahindra fans can anticipate additional official announcements in the coming months, despite the fact that the launch dates for these new electric vehicles are still unknown. Whether the XEV 7E and its counterparts will redefine the EV market in India remains to be seen, but one thing is certain—Mahindra is making bold moves in the electric vehicle space.
EV news
India’s EV Boom Fuels China’s Wealth, $7 Billion Paid in 5 Years
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India’s electric vehicle (EV) revolution is gaining momentum, but a closer look at the supply chain reveals an underlying concern—China’s increasing financial gains from this transition. Concerns about India’s long-term reliance on China have been raised by the country’s spending of more than $7 billion on EV components imported from China over the past five years.
The government’s ambitious climate goals and policies, such as the PM E-DRIVE program and the Electric Mobility Promotion Program, are driving the growing use of EVs in India. India sold a record 1.9 million electric vehicles in 2024, representing 7.46 percent of all automobile sales. However, a side effect of this growing popularity is a heavy reliance on Chinese imports, particularly lithium-ion batteries, which account for nearly 80% of an EV’s value.
A vast majority of India’s EV battery supply comes from China, along with other critical components such as magnets and insulation materials. According to conservative estimates, the country has spent billions on these imports, solidifying China’s position as the dominant player in the EV supply chain. This growing dependency has led experts to warn that India risks becoming an ‘EV colony’ of China, with potential economic and strategic risks.
The think tank Global Trade Research Initiative (GTRI) co-founder Ajay Srivastava warns that India’s dependence on China will reach critical levels if EV adoption continues on a large scale without local manufacturing. “China may halt supplies anytime if geopolitical tensions arise, and that could cripple our industry,” he warns.
China’s influence in the global EV market is undeniable. The country invested heavily in EV technology early on, supported by government subsidies and tax incentives. It was the world’s leading manufacturer of electric vehicles by 2022. Today, two Chinese firms—CATL and BYD—manufacture over 53.6 percent of the world’s EV batteries. In addition to India, the United States of America and the European Union have implemented trade restrictions and tariffs to lessen their reliance on Chinese imports.
India, on the other hand, has yet to significantly reduce its reliance on China. Apart from importing batteries and essential components, India is also seeing an influx of Chinese EV firms like BYD and MG Motor entering the domestic market through joint ventures. A GTRI report suggests that, at the current rate, one in every three EVs on Indian roads in the near future could be manufactured by a Chinese company.
The reliance on China is further amplified by India’s lack of indigenous battery production capacity. Although a number of domestic initiatives aim to increase battery production, the gap remains substantial. India’s imports of lithium-ion batteries have more than doubled in the past five years, with over 75% coming from China. India’s electric vehicle industry will remain dependent on Chinese suppliers until it establishes a robust battery production infrastructure. In the meantime, China’s EV dominance is having an unexpected impact on the global stage.
The U.S. recently took a drastic step when former President Donald Trump revoked a Biden-era EV incentive program, citing concerns over American wealth flowing to China through battery imports. Experts believe that by reducing manufacturing incentives, the U.S. has inadvertently strengthened China’s grip on the EV industry.
For India, the challenge now is to strike a balance between rapid EV adoption and reducing reliance on Chinese imports. The government needs to invest in alternative sources for crucial EV components, encourage joint ventures with companies outside of China, and accelerate efforts to develop domestic battery production. Without these measures, India’s ambitious EV transition could end up benefiting China far more than itself.
Article By
Sourabh Gupta
EV news
Toyota Innova EV Is It Time for an Electric Revolution?
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With the idea of making an all-electric version of one of its most popular models, the Innova, Toyota is entering the electric vehicle market. The Toyota Innova EV Concept, which was displayed at the Indonesia International Motor Show, has received a lot of attention, especially in markets where the Innova has had a long history. Although the idea of an electric Innova is exciting, there are a number of concerns regarding its viability and impact on a market like India.
Numerous manufacturers are switching from vehicles powered by internal combustion engines to those powered by batteries, indicating that the auto industry is rapidly moving toward electrification. With only a few concept models unveiled thus far, Toyota has taken a cautious approach to electric vehicles. The Toyota Urban Cruiser BEV Concept, which will be on display at the Auto Expo 2025, is one of the most recent examples. Now, with the Innova EV Concept, the brand is testing waters in the electric MPV segment.
If the Innova EV Concept is produced, its specifications suggest that it could be a strong contender. Reports indicate that the vehicle will be equipped with a 59.3 kWh battery pack, producing 180 PS of power and an impressive 700 Nm of torque. Based on these numbers, the estimated real-world driving range is between 350 and 400 kilometers, making it a viable option for both private owners and commercial fleet managers. Additionally, Toyota has stated that a DC fast charger can charge the battery up to 80% in just 30 minutes, addressing one of the primary concerns regarding the adoption of electric vehicles.
A crucial void in the market could be filled by Toyota introducing the Innova EV to India. Only the BYD eMax 7 is available as an option in India’s electric MPV market at this time. Other manufacturers, such as Kia, are also looking to introduce models like the Carens EV to tap into this growing demand. However, Toyota’s stronghold in the MPV segment could give it an edge over competitors if the brand successfully translates the Innova’s legacy into an electric avatar.
While the idea of an electric Innova sounds promising, there are several challenges that Toyota must overcome before bringing it to market. One of the biggest concerns is charging infrastructure. While major cities in India are witnessing an increase in charging stations, rural and semi-urban areas still lack adequate facilities. The success of an MPV that has traditionally been used for long-distance travel depends on the availability of charging options. Pricing is another significant factor. Due to the pricey battery components, electric vehicles typically have lower operating costs but higher initial purchase prices. Indian buyers are known for being price-conscious, and the affordability of the Innova EV could determine its acceptance.
To make the vehicle appealing to individuals as well as businesses, Toyota would need to strike a balance between the features it offers and its price. Maintaining the dependability and reputation of the Innova brand is one of the most significant obstacles, in addition to technical and financial considerations. Over the years, the Innova has built a loyal customer base, including families and fleet operators, thanks to its spacious design, durability, and long-lasting performance. Many people associate the Innova name with trust and reliability, and the electric version will have to uphold these expectations. Toyota needs to make sure that the new model has the same level of dependability and comfort as the older models with internal combustion engines (ICEs).
If Toyota successfully navigates these hurdles, the Innova EV could become a game-changer in the Indian automotive market. Not only would it set new benchmarks for electric MPVs, but it could also encourage other manufacturers to explore this relatively untapped segment. The combination of Toyota’s strong brand reputation, promising specifications, and a growing interest in sustainable mobility could make the Innova EV a highly anticipated model.
The electric Innova is still a concept at this point, and Toyota has not officially announced any plans for its launch. However, there is a tremendous amount of potential and evident consumer interest. Whether Toyota moves forward with production or not, the discussion around an electric Innova highlights the evolving nature of the automobile industry. It also opens the door to further debate about the future of electric mobility in India. Until an official announcement is made, enthusiasts and potential buyers can only speculate and hope that Toyota makes the decision to bring this exciting EV to the market soon.
Article By
Sourabh Gupta
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