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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The country’s woefully inadequate efforts to reduce its reliance on lithium imports could spoil its EV party.
India has serious ambitions to power its electric vehicle revolution. In April, mines secretaryPiyush Goyal said the country is confident of developing a complete EV battery ecosystem within the next two to three years. One has to be living under a rock to have such confidence.
EVs today are typically powered by lithium-ion batteries. And India heavily imports this crucial element. Official data shows that the country spent a staggering Rs 41,667 crore, or $4.4 billion, on lithium imports in FY26, climbing almost 10x in eight years.
That’s because commercial mining of lithium remains a pipe dream in India. …
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
