Speaking exclusively to Acko Drive, Jain said the government will stick to E20 to avoid consumer confusion, logistical hurdles, and delays in meeting environmental targets.

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The company attributes its resilience to diversified sourcing, long-term supplier contracts, and, in some cases, motor technologies that reduce dependence on these critical materials.

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Two-wheelers are still the volume leader, but growth is slowing, while PVs and CVs are gaining on the back of better offerings and policy push.

Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas (left) addresses the BioFuels 360 summit.

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Shradha Suri Marwah, ACMA President and Chairperson & MD, Subros, addresses the audience at the STEER 2025 conference. (Image credit: ACMA)

However, financial support for electric two- and three-wheelers will cease by March 2026.