The VISION EQXX, dubbed the most-efficient Mercedes-Benz ever built, will have energy consumption of less than 10 kilowatt hours.
The top-selling luxury carmaker in India already offers imported models of its EQC electric sport utility vehicle.
Asian Energy Services was attracted to VAAN Electric Private Limited, helmed by a Kochi-based youth, considering the vast opportunities in the e-mobility sector.
The plan is for the brand to offer its first EV by 2025 and add additional electric vehicles as it shifts from a lineup with gasoline-powered engines.
The first phase of bookings saw an overwhelming response by the customers online and at BMW India dealerships across the country.
Deliveries will start by the beginning of April 2022.
The Taycan is Porsche's first ever, fully electric model and will be available in four saloon models.
The study showed how the auto industry's ability to reduce emissions depends on finding better ways to decarbonise electricity grids and store renewable energy.
Indian Oil Corp (IOC) will set up 10,000 electric vehicle charging stations in the next three years and is drawing up plans to cut greenhouse gas emissions from its operations, its chairman said on Wednesday.
Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.