Will 2026 Be The Year India’s EV Market Turns The Corner?

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When the EV ride-hailing major BluSmart broke down in April 2025 due to financial and governance distress, many were stunned that a company known for its strong service quality and compelling value proposition had several cracks in its raft. 

The same is true for Log9 Materials, which had been showing signs of strain for over a year — slowing momentum, strategic missteps, and increasing debts. Then, Ola Electric’s market share began to shrink, as legacy giants like TVS Motor and Bajaj Auto, as well as Ather Energy, overtook the electric…



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Will 2026 Be The Year India’s EV Market Turns The Corner?


When the EV ride-hailing major BluSmart broke down in April 2025 due to financial and governance distress, many were stunned that a company known for its strong service quality and compelling value proposition had several cracks in its raft. 

The same is true for Log9 Materials, which had been showing signs of strain for over a year — slowing momentum, strategic missteps, and increasing debts. Then, Ola Electric’s market share began to shrink, as legacy giants like TVS Motor and Bajaj Auto, as well as Ather Energy, overtook the electric…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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