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Business News Today: Latest Business News, Finance News

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Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports Artemis II astronauts return to Earth after historic lunar flyby and Pacific splashdown US-Iran peace talks in Pakistan: What will be discussed? 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital Reliance seeks government approval to buy Iranian crude oil US Vice President Vance arrives in Pakistan for crucial peace talks with Iran EU condemns ‘illegal’ Israeli expansion: 30 new West Bank settlements spark global outcry US intelligence indicates China preparing weapons shipment to Iran Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns India, Japan discuss Strait of Hormuz security Editorial. 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Why Maharashtra and Delhi missed PM E-DRIVE’s first 4,874 EV chargers
By Amit Vijay Mohile · 2026-05-20 · via Business News Today: Latest Business News, Finance News

The Ministry of Heavy Industries (MHI) has approved ₹503.86 crore for the deployment of 4,874 public electric vehicle chargers under the first allocation of the Centre’s ₹2,000 crore PM E-DRIVE charging infrastructure programme.

But some of India’s largest EV markets, including Maharashtra, Delhi and West Bengal, did not receive a single charger, signalling that in the first round of India’s biggest public charging push, administrative readiness mattered more than market size.

The missing states, which also include Punjab, Bihar, Madhya Pradesh and Haryana, together account for nearly one-third of India’s registered electric vehicles and roughly half of the country’s economic output. Their exclusion highlights a central reality of India’s EV transition: building charging infrastructure is as much an execution challenge as a funding exercise.

“This is only the first tranche. It is not that these states have been deliberately left out,” a senior Ministry of Heavy Industries official told businessline. “Several states are still completing their formalities and will be considered in the next rounds.”

Winners circle

Karnataka emerged as the largest beneficiary, securing ₹123.26 crore for 1,243 chargers, followed by allocations to Rajasthan, Uttar Pradesh, Kerala and Tamil Nadu. State-owned oil marketing companies HPCL, IOCL and BPCL together won ₹88.65 crore for 691 chargers, benefiting from ready access to land, existing fuel stations and established power connections.

PM E-DRIVE is structured as a competitive infrastructure programme rather than an automatic allocation linked to EV registrations or state GDP. To qualify, states and agencies must identify sites, designate nodal agencies, ensure grid readiness and submit commercially viable proposals.

“States that had completed the preparatory work moved faster,” the official said, noting that approvals are tied to the readiness of technically complete proposals rather than the size of a state’s EV market.

Maharashtra misses out

Maharashtra offers the clearest example. Despite ranking second in India in public charging infrastructure with more than 3,700 chargers and hosting large EV markets in Mumbai, Pune and Nagpur, the state missed out in the first round because charging-related approvals are spread across agencies such as BMC, MMRDA, MIDC, MSRTC and municipal corporations, making it difficult to package a coordinated proposal.

“Few states have been proactive and aggressive in determining and defining charging infrastructure requirements and submitted proposals to the Ministry,” said Kartikey Hariyani, founder and CEO of ChargeZone. “We expect the remaining states to eventually submit their proposals.”

The execution gap

Akshay Shekhar, co-founder and CEO of Kazam, said the challenge is not demand but execution. Fragmented approvals, delayed site readiness, grid and transformer constraints, and DISCOM bottlenecks continue to raise both costs and timelines. With most public charging stations operating at less than 5 per cent utilisation, high fixed demand charges can make the economics difficult to sustain.

The consequences extend beyond project viability. When organised charging infrastructure does not keep pace with EV adoption, users often turn to substandard chargers, unqualified installers and overloaded residential circuits, creating an underappreciated safety risk in dense urban markets.

What the industry wants

Industry operators say the next phase of expansion will depend less on subsidies and more on improving the economics of deployment. Hariyani called for uniform EV tariff policies, waiver of fixed demand charges and lower cost of capital for charging infrastructure.

Shekhar has advocated time-bound digital single-window approvals for electricity connections and greater focus on home, workplace and fleet-depot charging, where most EV charging actually takes place.

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Published on May 20, 2026