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Reading: Seven High-Impact Projects (e-Nodes) Selected for Support Under MAHA-EV Mission
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Home » Blog » Seven High-Impact Projects (e-Nodes) Selected for Support Under MAHA-EV Mission
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Seven High-Impact Projects (e-Nodes) Selected for Support Under MAHA-EV Mission

Sunita
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Sunita
Last updated: 7 May 2025
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MAHA-EV Mission boosts e-mobility with 7 new e-Nodes; stakeholders meet to drive collaboration in India’s EV ecosystem.

The Anusandhan National Research Foundation (ANRF) has announced the selection of seven e-Nodes for support under its “Mission for Advancement of High-impact Areas on Electric Vehicles” (MAHA-EV). This initiative, launched under ANRF’s national mission, seeks to address critical challenges and foster innovation in India’s rapidly growing electric vehicle (EV) ecosystem.


The MAHA-EV call for proposals focused on three key Technological Verticals (TV): Tropical EV Batteries and Battery Cells (TV-I), Power Electronics, Machines and Drives (PEMD) (TV-II), and EV Charging Infrastructure (TV-III). The selected e-Nodes will undertake projects in consortia mode, involving collaborations with academic institutions, R&D laboratories, and industry players to drive research and development in the EV sector.

The seven selected e-Nodes are as follows:

  1. Indian Institute of Technology Bombay
  2. International Advanced Research Centre for Powder Metallurgy and New Materials, Hyderabad
  3. National Institute of Technology Surathkal
  4. Indian Institute of Technology Kanpur
  5. Indian Institute of Technology BHU
  6. CSIR-Central Electronics Engineering Research Institute, Pilani
  7. Indian Institute of Technology Kharagpur

A total of 227 proposals were received from academic institutions, R&D laboratories, and industry stakeholders, reflecting wide enthusiasm for the initiative.


The seven selected e-Nodes will focus on different technological areas: two will concentrate on Tropical EV Batteries and Cell Technologies (TV-I), three will focus on Power Electronics, Machines and Drives (TV-II), and two will work on EV Charging Infrastructure (TV-III).Through the MAHA-EV mission, India aims to strengthen its position as a global leader in next-generation electric mobility solutions, aligning with goals of sustainability, innovation, and self-reliance.

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What: India’s finance ministry has directed public sector banks, insurers, and financial institutions to reduce operational spending and accelerate adoption of electric vehicles across official fleets. The move is part of a wider austerity push linked to rising global economic uncertainty and fuel-related risks. The Number: The directive impacts major public institutions including State Bank of India, Bank of Baroda, and Life Insurance Corporation of India, covering millions of employees and thousands of operational vehicles nationwide. The Impact: The policy signals a new phase of institutional fleet electrification in India, where EV adoption is now being tied directly to fiscal discipline, fuel import management, and public-sector operational efficiency. The Core News India’s finance ministry has formally instructed state-run financial institutions to implement strict expenditure controls while simultaneously accelerating EV adoption for official transport operations. The directive from the Department of Financial Services asks organisations to replace petrol and diesel vehicles used at head offices and branch operations with electric vehicles “as far as possible.” The order comes amid growing concern over the economic impact of prolonged geopolitical instability in West Asia, which threatens to increase crude oil prices, widen India’s import bill, and pressure the rupee. Alongside the EV transition mandate, the government has also pushed virtual meetings, reduced foreign travel, and tighter administrative spending controls across public-sector institutions. For India’s EV ecosystem, the directive is strategically important because it expands demand visibility beyond state transport undertakings and government departments into the financial sector itself. PSU banks and insurers operate one of the country’s largest distributed office networks, including regional offices, branch fleets, field operations, and administrative mobility services. Even a phased transition could create a sizeable procurement pipeline for electric passenger vehicles, charging infrastructure providers, and fleet management companies. Breaking Down the Update • The Department of Financial Services issued the austerity and EV adoption directive to PSU banks, insurers, and financial institutions. • The government wants petrol and diesel vehicles used in official operations to be progressively replaced by EVs wherever operationally feasible. • The policy push follows Prime Minister Narendra Modi’s appeal for fuel conservation and controlled discretionary spending amid global energy uncertainty. • The directive also mandates greater use of video conferencing to reduce travel-related operational expenditure. • The move could indirectly support domestic EV OEMs, leasing firms, and charging infrastructure operators through institutional procurement demand. • The banking and insurance sector may emerge as a new enterprise fleet electrification category in India’s EV transition roadmap. How PSU banks EV adoption will help Indian EV Market The expansion of PSU banks EV adoption could create a strong institutional demand layer for India’s electric mobility sector. Public sector banks and insurers operate thousands of branch offices across urban, semi-urban, and rural India. Their transition to EV fleets can generate predictable procurement volumes for domestic automakers, especially in the electric sedan, compact SUV, and commercial mobility segments. Beyond vehicle sales, the policy may also accelerate deployment of workplace charging infrastructure at bank headquarters, zonal offices, and regional branches. This can support charger utilisation economics while helping normalise EV infrastructure in tier-2 and tier-3 cities. Another important impact is signalling. When large state-linked financial institutions adopt EVs as operational assets rather than pilot projects, it improves confidence across the broader enterprise mobility market. Private banks, NBFCs, and insurance firms could eventually follow similar fleet transition models to reduce long-term fuel and maintenance costs. PSU banks EV adoption also aligns with India’s larger energy security strategy. Lower petroleum consumption in institutional fleets directly supports efforts to reduce crude import dependence while stabilising operational expenditure during periods of volatile global oil prices. Conclusion & Next Steps The government’s push toward PSU banks EV adoption reflects a broader shift where EV deployment is increasingly being linked with macroeconomic resilience rather than only sustainability targets. Execution, however, will depend on procurement timelines, charging infrastructure readiness, and operational suitability across
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