Gujarat has kicked-off the much-anticipated Hydrogen Valley Project in the state which aims to develop a localised hydrogen value chain where it can serve more than one end-sector or application in mobility, industry, and energy.

The government’s plans to reduce subsidies on electric two-wheelers is a retrograde step that will hurt the market and hinder adoption of electric mobility, according to industry players. The Heavy Industries Ministry is looking at reducing the subsidy per vehicle to 15 per cent of the ex-factory price from 40 per cent at present.

The Andhra Pradesh government would set up 100 more battery charging stations in a year’s time. The state aspires to become a model for e-mobility and a knowledge hub for renewable energy.

German luxury carmaker Mercedes-Benz plans to launch four new electric vehicles in India in the next 8-12 months to accelerate its electric mobility drive.

Kabira Mobility has secured Rs 412 crore funding from Qatar-based Al-Abdulla Group. The Panjim-based company plans to utilise the capital to fund its future growth in the country.

Venture capital firm Lightspeed plans to invest in emergent sectors such as climate, electric mobility, deep tech, Web3 and cross-border commerce. The firm would also continue to invest in core themes such as consumer, fintech and software-as-a-service (SaaS).

Tata Power has kicked off an ambitious nationwide plan of setting up around 25,000 electric vehicle (EV) charging points to support faster adoption of electric mobility over the next five years. The company said its charging initiatives are in line with the government's National Electric Mobility Mission Plan (NEMMP), which aims to develop EV charging infrastructure using the latest technological platform along with easy access to charging points.

Indian Oil Corporation (IOCL) is planning to set up a new company to house its alternative energy businesses. IOCL is already present and has ambitious expansion plans in biofuel, biogas, green hydrogen, EV mobility and EV batteries, among others.

Tata Motors and Chalo Mobility has entered into a strategic collaboration to provide the twin capital cities of Jammu and Kashmir with a fleet of 200 electric buses. The collaboration is aimed to establish an environmentally, socially and financially sustainable network of public transport in the union territory.