Monthly EV update – June 2021

Monthly EV update – June 2021

monthly electric vehicle

New Product launches

India Launches – June 2021


Vehicle type

Battery specs.

Other specifications




·   Range – 75-125 km

·   Battery – 1.44 kWh/2.52 kWh (Li-ion)

·    Top speed – 50 km/h

·    Boot space- 19.5 L

INR 65,500 onwards



·   Range – 75-120 km

·   Battery – 1.62 kWh/2.70 kWh (Li-ion)

·    Top speed – 60 km/h

·    Boot space- 19.5 L

INR 72,500 onwards

Gravton Quanta


·   Range- 150 km

·   Battery- 3 kW (Li-ion)

·   Charging time- 3 hours

·    Top speed- 70 km/hr

·    Motor- BLDC Motor with 172 Nm torque at wheels

INR 99,000

Jitendra New EV Tech JET 320


·   Range- 72 to 80 km

·   Battery- 48V, 20Ah/ 60V, 26Ah

·    Motor- 250 W BLDC hub motor

·    Boot space- 24 L

INR 72,000

Source: Industry news articles, JMK Research

Upcoming Launches


Vehicle type

Known/ Revealed specs.

Expected Launch Date

HOP Oxo 100


·  Range – 100 km at IDC

·  Top speed – 100 km/hr

·  Peak Power –  7.2 kW

Launch date: 01 August 2021

Pre-booking start: 15 August 2021

Delivery: Starting November 2021

Source: Industry news articles, JMK Research

Tata Motors to launch 10 Electric Vehicles by 2025

Tata Motors has revealed plans to launch 10 new EVs across its commercial and passenger vehicle segments by 2025. Tata Motors is also exploring options to investments in Li-ion manufacturing in India and Europe.

EV Sales Trend

The registered EV sales in June 2021 witnessed a m-o-m jump of 236%, at 11,149 units. This sudden rise with respect to previous month’s sales can be attributed to the ease in lockdown restrictions across states in the country. This sudden increase in sales trend can be observed across E2W, E3W and E4W segments as illustrated below in subsequent sections.

Registered EV sales trend in India (June 2020 – June 2021)

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent EVs registered across 1,295 RTOs in 33 states/ UTs.

Among all the states and UTs, Uttar Pradesh continues to have maximum monthly registered EV sales with 27% of overall sales in India in June 2021. Maharashtra has the 2nd highest sales at 10% share, followed by Tamil Nadu (9%).

(State/ UT) Region-wise registered EV sales – June 2021

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent EVs registered across 1,295 RTOs in 33 states/ UTs.

High-Speed Electric Two-Wheeler (HS-E2W)

The overall HS-E2W sales in the country in June 2021 stood at 4,057 units, witnessing a 290% m-o-m jump over previous month’s sales, and a y-o-y increase of 190%. The top 4 (Hero Electric, Okinawa, Ampere, Ather) players continue to dominate the HS market with a 68% share in June-21 sales.   

Player-wise High-Speed E2W sales trend

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent only high-range E2W (Top speed > 25 kmph) models registered across 1,295 RTOs in 33 states/ UTs.

Electric Three Wheeler (E3W)

The sales of registered E3Ws (both passenger and cargo-type) in June 2021 is 5,754 units, increasing m-o-m by 207%. The share of cargo-type E3W in the overall E3W sales has been on a falling trend over the previous two months (April-May). However, this month (June-21) witnessed the share of E3W cargo increase to 12.3%.

Sales trend of cargo E3W and passenger E3W

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent E3Ws registered across 1,295 RTOs in 33 states/ UTs.

Electric Four-Wheeler (E4W)

The cumulative sales of E4Ws in June 2021 stood at 735 units, with a m-o-m jump of over 200%. This also represents a y-o-y increase of 154%. Tata motors continues to maintain the maximum share in the E4W market with 76% share in June 2021 sales, followed by MG Motor at 20% share. 

Player-wise E4W sales trend

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent E4Ws registered across 1,295 RTOs in 33 states/ UTs.

Policies & Regulations

Ministry of Heavy Industries and Public Enterprises brings partial modification to FAME-II scheme

On 11 June 2021, the Ministry of Heavy Industries and Public Enterprises released a notification, making partial modifications to the FAME-II Scheme. The following modifications were made: 

  • EESL will aggregate demand for 3 lakh Electric 3-Wheelers for multiple user segments. Details will be worked out by EESL for implementation. 
  • For Electric Buses, 4 million plus cities (Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune) will be targeted. EESL will go for aggregation of demand in these 9 cities for remaining E-buses under the Scheme on OPEX basis. The details shall be worked out by EESL for implementation. 
  • For E2Ws, incentives were raised from INR 10,000/kWh to INR 15,000/kWh. The cap on incentives for E2Ws was raised from 20% of cost of vehicle to 40% of cost of vehicle.

Implementation period of FAME India Phase II scheme extended

On 25 June 2021, the Ministry of Heavy Industries and Public Enterprises released another notification, notifying about the extension of the FAME II scheme for a period of two years i.e. up to 31st March 2024. 

Gujarat releases EV Policy 2021

The Government of Gujarat released its EV policy which will be implemented from 1 July 2021 and will be valid for 4 years from the date of implementation. The state targets to achieve 2,00,000 EVs on the road. Under this policy:

  • All models approved under the FAME-II Scheme are eligible for state subsidy.
  • State Incentives amount for 2 wheeler, 3 wheeler and 4 wheeler is INR 10,000/kWh, with maximum ex-factory price to avail incentives being INR 1.5 lakhs, INR 5 lakhs and INR 15 lakhs respectively.
  • Commercial public EV charging stations for 2 wheelers, 3 wheelers, 4 wheelers will be eligible for 25 % capital subsidy on equipment/machinery (limited up to Rs. 10 lakhs per station) for the first 250 commercial public EV charging stations. 

Delhi Govt to begin single window facility for EV-Charging scheme

Taking forward its electric vehicle policy in the city, the Delhi government is set to start a single window facility for installation of charging points for electric-run vehicles in private and semi-public spaces in the city. The upgraded scheme for installation of charging facilities will involve private and semi-public spaces as well as cooperative group housing societies (CGHS), high rises, Residents Welfare Associations (RWAs) etc.

Delhi Dialogue Commission of Delhi Government, which has been supervising the electric vehicle policy after a series of discussion with various representatives involved, including transport and power departments, Delhi Municipal Corporations (MCD), New Delhi Municipal Council (NDMC), power Discoms etc., has decided to implement upgraded scheme. Delhi government further informed that institutional buildings like hospitals and commercial spaces like malls and theatres will also be involved in the policy. The government said the initiatives have come considering the growing demands of electric charging stations in individual houses and residential apartments and other private sectors.

West-Bengal aims to become EV leader with new policy

The Power Department of West Bengal has announced the Electric Vehicle Policy 2021, aiming to place the state as a frontrunner in sustainable transportation infrastructure. The government plans to have 10 lakh EVs, combined across all segments, during the implementation period. The government is also planning to develop 100,000 public and semi-public charging stations within the same duration. 

It also targets to achieve EV per public charge point ratio of 8. Further, the policy speaks of establishment of an EV accelerator cell to act as the nodal agency for implementing the electric mobility programme within the state. The cell shall facilitate inter-departmental coordination on framing regulatory mechanism and progressive policies to enhance uptake. The policy shall be effective for a period of 5 years from the date of its notification in the official gazette.

Charging Infrastructure

Stakeholder(s)/ Player(s)

Subject/ Scope


Tata Motors and Tata Power

Setting up EV Charging stations

·  Tata Motors and Tata Power inaugurated 2 high-speed combined charging system (CCS2) electric vehicle (EV) charging stations in Surat. With this the number of CCS2 stations in Surat increased to 5 and in Gujarat to 18.

·  The high-speed EV chargers claim to charge the Nexon EV 0-80% in one hour. The charging stations are accessible via the app called Tata Power EZ Charge that lets the customers find a charging station, pay, monitor their charging status and get notifications on the app when ready to go.

·  Tata Motors has also introduced Tata uniEVerse, a comprehensive e-mobility ecosystem that aims to utilise the strengths and experience of other Tata Group companies to create a viable EV environment.

·  This will also enable the customers to have access to a suite of e-mobility offerings including charging solutions, innovative retail experiences and easy financing options/

TVS and Convergence Energy Systems (CESL)

Development of EV charging infrastructure for TVS E2W offerings

·  TVS and CESL(subsidiary of EESL) have signed an MoU to jointly develop the public charging ecosystem for the TVS iQube Electric scooter across India

Source: Industry news articles, JMK Research

CESL inks pact with Kerala and Goa governments to procure E2W, E3W and develop charging infra

CESL signed a pact with the Governments of Kerala and Goa to procure 30,000 E2Ws and E3Ws in the states. Under this pact, CESL will also develop affordable financing schemes for consumers, set up public charging infrastructure, and will work on the development of highway and expressway charge point operators.



Company name

Company type

Deal type


Deal value

(in US$ Mn)




EV Charging solutions




EV battery swapping firm Chargeup raises pre-Series A fund 


Switch Mobility Automotive Ltd, India

EV manufacturer


Switch Mobility – An Ashok Leyland subsidiary


Ashok Leyland arm acquires EV manufacturer Switch Mobility Automotive

Source: Industry news articles, JMK Research

EV Major Triton to invest INR 2,100 crore, create 25,000 jobs in Telangana

The leading US-based Electric Vehicle manufacturer, Triton Electric Vehicle Pvt. Ltd. will invest Rs 2,100 crore in Telangana to set up its new manufacturing unit. Triton’s investment in an ultra-modern EV manufacturing unit will create employment opportunities for 25,000 local youth.

Telangana government’s Department of Industries and Commerce entered into a Memorandum of Understanding (MOU) with the US-based company for the establishment of a manufacturing unit for electric buses at NIMZ, Zaheerabad. Principal Secretary (IT and Industries) Jayesh Ranjan and Triton Electric Vehicle Pvt. Ltd CEO & Founder Himanshu B. Patel signed the MoU in the presence of the minister and other officials.

Reliance Industries announces plans to set up Gigafactory for Battery Manufacturing

On the occasion of Reliance Industries Limited’s 44th AGM, Mukesh Ambani, Chairman and Managing Director of RIL, revealed plans to build 4 giga-factories which will manufacture and integrate all critical components of new energy ecosystem. RIL has committed to investing INR 60,000 crore for setting up the 4 giga-factories, out of which one giga-factory will be set up solely for the manufacturing of Advanced Energy Storage Batteries.

JVs and Partnerships


Companies involved

Purpose of Partnership



Electric vehicle maker, Altigreen and EV fleet operator, MoEVing

Deploy cargo electric three-wheeler, Altigreen NEEV in Delhi-NCR.

Altigreen Partners With EV Fleet Operator MoEVing

Source: Industry news articles, JMK Research

Global Market Updates

Mercedes-Benz Trucks premiers eActros with 400 km range

Mercedes-Benz Trucks officially unveiled its production version of its first, battery-electric truck – the Mercedes-Benz eActros for heavy-duty distribution. Depending on the version, the eActros draws its power from three or four battery packs – each with a capacity of around 105 kWh. Thanks to a maximum capacity of 420 kWh2, a range of up to 400 kilometres is realistic. The eActros can be charged with up to 160 kW: When connected to a regular 400A DC charging station, the three battery packs need a little longer than 1 hour to charge from 20 to 80 percent

GM expands its electric vehicle investment and plans more U.S. battery manufacturing capacity

General Motors said it will increase its EV and AV (Autonomous Vehicle) investments through 2025 to $35 billion. The automaker made an initial commitment in March 2020 to invest $20 billion over the time period, including capital, engineering expenses and other development costs. Last November, it increased that total to $27 billion.

GM’s newly announced investments include:

  • Accelerating plans to build two new battery cell manufacturing plants in the United States by mid-decade to complement the Ultium Cells LLC plants under construction in Tennessee and Ohio. It said further details about these new U.S. plants, including the locations, will be announced later.
  • In addition to collaborating with Honda to build two EVs using Ultium technology – one SUV for the Honda brand and one for the Acura brand – GM announced June 15 that it signed a memorandum of understanding to supply Ultium batteries and HYDROTEC fuel cells to Wabtec Corp., which is developing a battery-powered locomotive.

Volvo spells out EV plans, includes 1,000 km range car and battery gigafactory

Volvo Cars has been making definitive moves in the world of electric mobility but its plans for the future may be bigger and better than ever before. Volvo Cars showcased its plan of action for a more prominent say when it comes to electric mobility. A key part of the presentation was work on new batteries that could see Volvo electric vehicles (EVs) have a per-charge range in excess of 1,000 kilometres. Although the precise details were not shared, the company is also looking at technology that could enable fast charging of these vehicles once the battery is depleted. Additionally, plans are also afoot for a battery plant in Europe with 50 gWh production capacity, larger than the 35 gWh capacity of Tesla’s Nevada gigafactory.

Another key aspect of the plans are to enable several upcoming Volvo cars with self-driving technology. Volvo is all set to showcase a flagship electric SUV sometime next year which will be the first of the several next-generation EVs planned for global markets. India, however, could see a longer wait for these EVs as at present, the company is set to bring in its XC40 Recharge to compete against the few players in the luxury EV segment.

Sale of EVs, PHEVs and fuel cell vehicles in China may grow over 40% in 5 years

Sale of battery electric, plug-in hybrid and hydrogen fuel cell vehicles will hit 1.9 million in 2021 and then rise to 2.7 million in 2022. With local and global companies accelerating plans of ramping up operations, NEVs (New Energy Vehicles) could well play an even bigger role than these do at present.

Tesla had wholesale sales of 33,463 in the month of May in China. This figure includes the 21,936 units sold in the domestic market here. But even as Tesla looks at expanding its already strong footprint here, local companies like Nio Inc, Xpeng Inc and BYD are trying to get in the fast lane. One of the key factors powering the surge are tax exemptions for NEVs upto a certain price. There are strong indications that the Chinese government could extend these beyond 2022 in order to ensure that prospective customers opt for such vehicle.

Skoda’s Electric Vehicle roadmap: Two new Skoda EVs incoming!

Skoda like all members of the Volkswagen Group are in the midst of a rapid transition to electric vehicles, to that end the brand has announced two new electric vehicles that will make it to the brand line up in the run up to 2025.  The first is a coupe version of the Enyaq iV SUV and an electric crossover hatch/mini SUV. The two new models will join the VWG MEB based Enyaq EV that was recently introduced in International markets. India is still some time away from seeing a premium EV like the Enyaq from the VW Group, but it is likely that the brand will be looking to gain the early mover advantage with a mass-market EV in the coming years.

Renault to facilitate EV charging infrastructure with Mobilize offshoot

Renault Group has announced the launch of Mobilize Power Solutions to facilitate charging infrastructure projects for electric and plug-in hybrid vehicle fleets. Mobilize Power Solutions aims to help companies implement or initiate their electric vehicle (EV) fleet projects by providing them with turnkey charging solutions. The company said it is involved in all stages of charging infrastructure projects, whilst integrating energy optimisation strategies, coupled with renewable energy. It acts a partner to optimise total cost of ownership (TCO) of its client’s fleets and contribute to greener business operations. The solutions offered by Mobilize Power Solutions are compatible with all types and brands of electric and plug-in hybrid vehicles. 

Indonesia aims to sell only electric-powered cars, motorbikes by 2050

All motorcycles sold from 2040 will be electric-powered, while all new cars sold from 2050 will be electric vehicles (EVs), the country’s energy minister said. In the past decade, the world’s fourth-most populous country sold on average 6.5 million motorcycles per year and about 1 million cars. Indonesia has grappled with choking air pollution in urban areas, with the traffic-clogged capital Jakarta consistently ranking among the region’s most polluted cities. A move towards EVs also supports Indonesia’s ambitious plans of becoming a global hub for production, as the country ramps up processing of its rich supplies of nickel laterite ore used in lithium batteries. Indonesia’s homegrown ride-hailing giant, Gojek, in April said that the company would make every car and motorcycle on its platform an EV by 2030.

Foxconn invests $36 million in Gigasolar for developing EV battery material

Taiwan’s Foxconn has announced that its subsidiary has capitalized T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a Taiwan-based subsidiary will make it the second-largest shareholder in Gigasolar, acknowledged for manufacturing solar cell materials. The two companies will mutually develop materials for electric cars. Foxconn has recognized electric vehicles as a key new business and has carried out numerous deals with companies, comprising Italian carmaker Stellantis and Thailand’s state-run energy group PTT.  The Taiwanese company aims to provide components or services to 10 percent of the world’s electric cars by 2025 to 2027.

SsangYong unveils Korando e-Motion electric SUV

Korean automaker Ssang Motors unveiled the Korando e-Motion compact SUV, its first electric vehicle based on the Mahindra Electric Scalable and Modular Architecture (MESMA) platform. The MESMA platform will also underpin SsangYong’s Tivoli EV, which was spotted undergoing testing last year. Korando e-Motion is the first new car to be unveiled by the financially beleaguered brand since it entered receivership in December 2020.  The company claims that the Korando e-Motion will be on sale in Europe this August, and will make it to the UK roads before the end of 2021. With a lithium-ion battery pack of 61.5kWh capacity supplied by LG Chem, it claims to have a driving range of 420 km on a single charge under the NEDC cycle. The firm says that production of the Korando e-Motion has already begun, and has also revealed it has begun work on its next all-electric model: a mid-size electric SUV codenamed J100.

Audi to go all electric, plans to phase out petrol, diesel cars by 2026

Audi plans to phase out phase out its ICE vehicles that run on conventional fuel like petrol and diesel, in the next five years. The German auto giant will now focus exclusively on electric vehicles, keeping in line with the carmaker’s aim to reduce polluting vehicles from its lineup and only include electric vehicles from 2028. Audi plans to introduce as many as 20 battery-powered electric vehicles in the next five years as part of the Volkswagen Group’s push for electrification. The last launch of an ICE vehicle from the Audi stable will be a Q model, which is likely to be an urban SUV, and is expected to go on sale later. After that, Audi wants to sell only battery vehicles worldwide. The Audi A3 and A4 models will no longer to have direct successors, but will be completely redesigned and renamed. Audi unveiled the 2022 Q4 e-tron electric crossover recently. It offers a range between 321 kms and 520 kms on single charge.

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