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Test for India's EV ambitions in 2026 as focus turns wider, deeper
Mint Hyderabad
|December 30, 2025
roughly 4,000 electric buses were sold in India, compared to approximately 63,000 diesel-powered ones.
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The disparity in the truck sector is even more pronounced; sales of medium and heavy electric trucks incentivized under the PM E-Drive scheme reached only 496 units by December 2025, while diesei-run counterparts exceeded 291,000 units.
The primary barrier to adoption remains the sticker price. Subsidies for commercial vehicles are vital because the price of an electric truck or battery-powered bus is roughly 2.5 times that of a vehicle powered by an internal combustion engine (ICE).
“India’s ability to achieve 30% vehicle electrification by 2030 will hinge on one defining variable: whether the commercial segment scales fast enough to pull the rest of the ecosystem with it,” said Kunal Mundra, founder and chief executive of Astranova Mobility, an EV financier.
Esta historia es de la edición December 30, 2025 de Mint Hyderabad.
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