India, Dec. 18 -- What Will Drive EVs In 2026?

India's EV dream lost some of its shine in 2025 - BluSmart collapsed, Log9 Materials hit turbulence, and Ola Electric watched its market erode. Yet, despite setbacks, a quieter shift is underway for one of India's most-promising sectors. So, how is 2026 expected to mark a turning point in the country's maturing EV space?

Consolidation Wave Ahead: The electric two-wheeler (E2W) market is headed for a shakeup. With margin pressure rising, subsidies rationalising and customers demanding higher-quality products, weaker players will find it hard to survive alone. Larger OEMs are expected to snap up smaller companies for technology, dealer reach, battery platforms and software synergies, making t...