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EVINDIA
EV insurance demand rises, Delhi-NCR in lead: Policybazaar Report
The percentage of insurance for electric cars has increased from 0.5% in FY23 to 14 per cent in March 2025, according to data by Policybazaar, ANI reported. The update is a result of the rising EV adoption in the nation which has marked a 16 times jump in the last three years.Citing Amit Chhabra, CBO of General Insurance at Policybazaar, ANI reported, "The accelerating adoption of EV insurance signals India's shift toward sustainable mobility. With EV insurance share growing nearly 16-fold in just three years, consumers are not only adopting electric vehicles but also recognizing the need for tailored protection."According to the company's internal insurance sales data, reservations for insured two-wheeler EVs made up 7–8% of all two-wheeler insurance plans during a five-year period.According to the company's data, the number of insurance has increased from 10,000 last year to 20,000 this year, and the percentage has more than doubled.This market sector is dominated by electric scooters, which account for 98–99% of two-wheelers with insurance.The five largest metropolises—Delhi-NCR, Bengaluru, Pune, Chennai, and Mumbai-Thane—are where EV adoption is concentrated, and they also accounted for 55% of all EV insurance coverage acquired.With a noteworthy 18.3% market share, Delhi-NCR was followed by Bengaluru (16%), Pune (7.6%), Chennai (6.7%), and Mumbai-Thane (6.4%).With 58% of all plans, the data indicates that tier 1 cities control the majority of the EV insurance market. The statistics show that tier 2 and tier 3 cities make up 30% and 12% of the total, respectively.According to the data, EV buyers are increasingly choosing comprehensive insurance plans that provide extra protection in addition to basic coverage.Zero Depreciation, Roadside Assistance, Battery Coverage, Key & Lock Replacement, Consumables, Invoice Price Protection, and Tyre Protection are popular EV accessories.In addition to more popular add-ons like Roadside Assistance and Zero Depreciation, two-wheeler EVs can benefit from accessories like Battery Protector and Charger Cover, which are made especially for electric vehicles.
EVINDIA
You may get fined for parking in EV-only spot: Delhi reserves 20% of parking space for EVs
Delhi is planning to reserve at least 20% of the parking space in all new buildings under its upcoming Delhi’s Electric Vehicle (EV) Policy 2.0 scheduled to be announced next month, Hindustan Times (HT) reported. In addition, the policy will also mandate older buildings to reserve 5% of the total parking for EVs to ensure charging infrastructure, the report added.After its expiration in August 2023, Delhi's previous EV policy was extended to 2025. New buildings with at least 20 parking spaces will only be granted occupancy certificates (OCs) if they feature at least four (20%) EV charging spaces, citing the copy of the policy HT reported. The law does not apply to buildings with fewer than 20 parking spots, but officials stated that a major structure with 100 parking spaces will have at least 20 spaces with an EV charging facility.According to the report, The directives will be incorporated into the building bylaws of the New Delhi Municipal Council (NDMC) and the Municipal Corporation of Delhi (MCD).Citing a transport department official, HT reported, “We have increased the EV charging station targets by a lot as it has been seen that lack of charging infrastructure has been a hindrance in EV adoption, especially among private vehicle owners. With better technology, we are focusing on having fast chargers wherever possible”.Meanwhile, whether the requirement applies to residential, commercial, or all types of buildings has not been made clear in the policy proposal. However, according to HT, the transport department official, without releasing any details has stated that all public parking spots would also have a minimum level of specified charging infrastructureMoreover, the transport department will also install fast charging stations under flyovers and along Ring Road and Outer Ring Road to enhance the infrastructure for charging, the report added.Citing another official who wished to remain anonymous, HT reported, “We want to develop these two stretches as EV-ready roads, where spots are being identified for EV charger setup. Deploying kerbside charging points and points under flyover where free space is available are also options that will be checked. We are also introducing subsidies to ensure that setting up of charging points is a viable business option.”The proposal states that by 2030, Delhi wants to have 13,200 public charging stations, with one per five kilometres. Even though one charging station can contain several charging points, only about 4,800 (10%) of the 48,000 charging points that were required to be installed in Delhi by 2026 under the previous EV policy have been installed thus far.The policy suggests providing ₹15–30 lakh in subsidies to establish larger public EV charging stations. According to the report, a subsidy of ₹2,500 per charging point for AC chargers for the first 15,000 applicants and ₹20,000 for DC chargers for the first 2,000 applicants is being proposed for the establishment of semi-public chargers.The policy may also consider fining non-EVs parked in EV-only spots in public lots. As with buildings, regulations will be implemented to guarantee a minimum quantity of charging stations in public parking lots.
EVINDIA
Ola Electric Starts S1 Gen 3 Deliveries – New Features, Pricing & Specs.
Ola Electric, India’s largest pure-play EV manufacturer, has officially commenced deliveries of its highly anticipated S1 Gen 3 electric scooters across the country. The new Gen 3 platform brings enhanced performance, improved efficiency, and cutting-edge safety features, making it a game-changer in India’s electric two-wheeler market.S1 Gen 3: Improved Performance, Better Range, Affordable PricingOla’s S1 Gen 3 range starts at an attractive price of ₹79,999 for the S1 X (2kWh) variant, while the top-end S1 Pro+ (5.3kWh) is available at ₹1,69,999. The new platform boasts significant improvements over the previous generation, including:● 20% increase in peak power● 11% reduction in cost● 20% increase in range● Category-first dual ABS (Anti-lock Braking System)● Patented brake-by-wire technology for improved braking efficiencyThe S1 Gen 3 portfolio includes multiple variants catering to different customer needs, ensuring that Ola Electric continues to lead the EV revolution in India.Ola S1 Gen 3 Variants & SpecificationsS1 Pro+ (5.3kWh & 4kWh)● Top Speed: 141 km/h (5.3kWh) | 128 km/h (4kWh)● Range: 320 km (5.3kWh) | 242 km (4kWh)● Acceleration: 0-40 km/h in 2.1 seconds (5.3kWh) & 2.3 seconds (4kWh)● Riding Modes: Hyper, Sports, Normal, Eco● Safety Features: Dual ABS, disc brakes (front & rear), ergonomic two-tone seat, body-colored mirrors, aluminum grab handle● Colors: Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue, Midnight Blue● For more discounts Click hereS1 Pro (4kWh & 3kWh)● Top Speed: 125 km/h (4kWh) | 117 km/h (3kWh)● Range: 242 km (4kWh) | 176 km (3kWh)● Acceleration: 0-40 km/h in 2.7 seconds● Safety Features: Single ABS, dual disc brakes● Colors: Porcelain White, Industrial Silver, Jet Black, Stellar Blue, Midnight Blue● For more offers Click hereS1 X+ (4kWh) & S1 X (4kWh, 3kWh, 2kWh)● Top Speed: 125 km/h (S1 X+) | 123 km/h, 115 km/h, 101 km/h (S1 X)● Range: 242 km (4kWh) | 176 km (3kWh) | 108 km (2kWh)● Acceleration: 0-40 km/h in 2.7 seconds (S1 X+), 3.0 to 3.4 seconds (S1 X variants)● Display: 4.3-inch color-segmented display● Colors: Passion Red, Porcelain White, Industrial Silver, Jet Black, Midnight Blue● For more offers Click hereFaster Deliveries & Enhanced Customer ExperienceOla Electric has streamlined its delivery process, reducing wait times significantly. Customers can now receive their scooters within 3-4 days, down from the earlier 10-12 days. Deliveries are being facilitated through Ola’s extensive store network and direct-to-home services.Speaking on the commencement of deliveries, an Ola spokesperson said:“The overwhelming response to our S1 Gen 3 scooters reaffirms our commitment to accelerating India’s transition to electric mobility. We are excited for our customers to experience the superior performance, enhanced safety features, and improved efficiency that the Gen 3 platform offers.”Ola Electric Expands its EV PortfolioApart from electric scooters, Ola Electric recently entered the EV motorcycle segment with its Roadster X series:● Roadster X: ₹74,999● Roadster X+ (4.5kWh): ₹1,04,999● Roadster X+ (9.1kWh with 4680 Bharat Cell): ₹1,54,999 (501 km/charge)Why the Ola S1 Gen 3 Matters for India’s EV Future?Ola Electric’s Gen 3 lineup represents a major step forward in India’s electric mobility landscape. With improved performance, enhanced safety features, and competitive pricing, these scooters aim to redefine urban commuting. The company’s investment in battery innovation and manufacturing ensures a strong push toward India’s EV adoption goals.Ola Electric continues to lead with its direct-to-customer model, operating over 750 stores nationwide while maintaining a strong online presence. The company is also working towards expanding its EV hub in Tamil Nadu, which will house the Ola Futurefactory and the upcoming Ola Gigafactory.Final ThoughtsWith deliveries now underway, Ola S1 Gen 3 scooters are set to make a strong impact on India’s EV market. As customers get their hands on the latest models, early reviews highlight the improved performance, faster acceleration, and increased range as key strengths.
New ArticleNews
Tata Motors Joins Hands with Vicky Kaushal to Promote Passenger and Electric Vehicles
Monish
21-Mar-25 09:33:31 am IST
IPL 2025 Campaign 'Take the Curvv' Set to Revolutionize Tata Motors' SUV & EV Market
New ArticleNews
EVs will be equal to the prices of its ICE counterpart: Nitin Gadkari
Prashant
20-Mar-25 05:01:32 pm IST
At the 32nd Convergence India and 10th Smart Cities India Expo Gadkari remarked that the development of the 212-km Delhi-Dehradun access-controlled expressway will be concluded in the upcoming three months.
New ArticleNews
Hero MotoCorp to enter electric-3W segment, invests $60 Mn in Euler Motors
Prashant
20-Mar-25 04:29:16 pm IST
The investment, which will be made in one or more tranches, will give the business a fully diluted 32.5% ownership in Euler Motors, a three-wheeler manufacturing brand.
New ArticleNews
Ultraviolette to Continue to Give a ₹25,000 Discount After Achieving 50,000 Bookings?
Monish
19-Mar-25 12:18:01 pm IST
The Ultraviolette Tesseract electric scooter has rocked the Indian EV market with 50,000+ bookings in two weeks. But will Ultraviolette still offer the ₹25,000 discount, or is a price hike coming?
New ArticleNews
BYD’s Super-Charging Tech vs. the World: A Deep Dive for EV Nuts
Bhavik
19-Mar-25 06:28:57 am IST
BYD's new 1,000 kW super-charging tech beats Tesla, Porsche & others, delivering 400 km in just 5 minutes. But can its network match Tesla's dominance? A deep dive into the fastest EV charging battle.