India's Fuel Crossroads: EVs Hit Record Share as Diesel Rationing Begins and Ola Goes Back to Investors

India hit a "historic fuel crossover" in August: alternative fuels (CNG, hybrid, EV) surpassed petrol in new passenger vehicle sales for the first time at 41.95% vs 40.85%, per FADA data. But here's the twist — the EV revolution is a two-wheeler story, not a car story. CNG is doing the heavy lifting in cars while EVs account for just 10.6% of total registrations. Two-wheeler EV share jumped from 6.4% to 9.1% year-on-year.

Ola Electric's Cash Call

**Ola...