India's electric two-wheeler market has seen a 24% sales surge post-budget, driven by growing fleet demand and rising consumer interest. Cost-effective models and government incentives are attracting both fleet operators and individual riders. Innovations like Battery-as-a-Service reduce upfront costs, making EVs more accessible and practical, supporting sustainable growth in the sector.
Ultraviolette plans to invest up to USD 100 million over the next three to four years to expand its product portfolio, manufacturing, and network. The company aims to achieve annual sales of 1 lakh units globally, with products including scooters and long-range cruiser bikes.
Ola Electric becomes the first two-wheeler EV manufacturer in India to receive incentives under the PLI-Auto Scheme. The company was granted Rs 73.74 crore for the Determined Sales Value of FY 2023-24, highlighting its leadership in the EV sector and commitment to local manufacturing.
The Indian Solar Manufacturers Association calls for a safeguard duty on polysilicon, ingot, and wafer imports to protect local solar manufacturing. They want exemptions for capital goods, a clear duty protection roadmap, fiscal incentives, and uninterrupted power supply. These measures aim to reduce reliance on China and bolster domestic production, supporting India's net-zero carbon goals for 2070.
Tata Power's solar manufacturing arm, TP Solar, has secured an order worth Rs 632 crore from Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp solar modules. The project, part of SECI's 400 MWp tender under the CPSU Scheme Tranche-III, will be delivered between October 2025 and January 2026.
Renewable energy companies may find a significant customer base in AI training and data centres, notes Akshay Hiranandani of Serentica Renewables. With the integration of various energy sources, including nuclear power, India aims to meet its growing power demands. Serentica has signed a pact with Hindustan Zinc for round-the-clock renewable energy supply, highlighting the emerging demand in this sector.
JSW Energy's acquisition of assets from O2 Power and Hetero Group, along with a thermal power asset, has increased its capacity to meet a 20 GW target by 2028, two years ahead of schedule. The company aims for further expansion in renewable energy and manufacturing units for wind blades and solar modules.
Inox Wind Ltd has secured an order to supply 51 wind turbines, each with a capacity of 3 MW, totaling 153 MW, to a global clean energy player for a project in Tamil Nadu. The company will also provide limited EPC and multi-year O&M services for the project.
NTPC Green Energy (NGEL) and Madhya Pradesh Power Generating Company (MPPGCL) have signed an agreement to develop up to 20 GW renewable energy projects in Madhya Pradesh. The collaboration aims to meet the renewable energy obligations of state power companies and support India’s energy transition.
Union Minister Bhupender Yadav highlighted that India's circular economy could create a market value of over USD 2 trillion and 10 million jobs by 2050. At the 12th Regional 3R and Circular Economy Forum, he emphasized the country's commitment to addressing plastic waste and promoting sustainable practices through various initiatives.
Madhya Pradesh Chief Minister Mohan Yadav invites private investors to tap into the state's renewable energy sector, highlighting its potential in India's 500 GW non-fossil energy goal by 2030. At the Renewed Madhya Pradesh event, Yadav assured support for new projects, announced solar water pumps for farmers, and cheaper green electricity for Railways with a 170 MW agreement.
India's electric two-wheeler market has seen a 24% sales surge post-budget, driven by growing fleet demand and rising consumer interest. Cost-effective models and government incentives are attracting both fleet operators and individual riders. Innovations like Battery-as-a-Service reduce upfront costs, making EVs more accessible and practical, supporting sustainable growth in the sector.
The 2025 Union Budget of India presents a pivotal opportunity to boost the renewable energy sector by focusing on critical infrastructure like energy storage systems and domestic battery manufacturing. Strategic investments, policy support, and green financial mechanisms could drive significant advancements towards India's renewable energy goals.
Hindustan Power has committed to invest Rs 620 crore in Assam for establishing a 100-MW solar power plant and a 100-MW battery energy storage system. This initiative, aiming to advance the state's renewable energy infrastructure, promises to generate over 5,000 man-days of employment, fostering economic growth.
