Zelio E-Mobility Ltd Share Price – BSE

Automobile, Small Cap

Zelio E-Mobility has announced the opening of its new manufacturing facility in Coimbatore, Tamil Nadu, marking a major step in the company's strategic expansion across South India.

Strategically located at Trichy Road, Nagiyyaan Thottam, Lakshmi Nagar Kannampalayam, Coimbatore, Tamil Nadu, the new facility spans approximately 39,000 sq. ft. and will support electric scooter assembly, storage, logistics, and allied business operations. The commencement of operations starts today, at the Coimbatore facility will primarily cater to southern markets including Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and South Maharashtra.

The Coimbatore facility has an installed production and assembly capacity of 60,000 units per annum. During its initial phase of operations, the plant is expected to manufacture and assemble approximately 24,000?30,000 electric two-wheelers annually, with production gradually scaling in line with market demand and operational ramp-up.

Zelio E-Mobility's manufacturing network already includes its Ladwa plant in Haryana, spread across 2,63,450 sq. ft.; the Patan plant in Haryana, covering 2,52,301 sq. ft.; and the Cuttack plant in Odisha, spanning approximately 30,500 sq. ft., all supporting production, assembly, and regional operations.

Prior to the commissioning of the Coimbatore facility, Zelio E-Mobility's total installed manufacturing capacity stood at 1,80,000 units per annum. With the addition of 60,000 units from the Coimbatore plant, the company's aggregate installed manufacturing capacity now rises to 2,40,000 units per annum, representing a 33% expansion.

Zelio E-Mobility will hold a meeting of the Board of Directors of the Company on 28 May 2026.

The decision to set up a new unit in this region follows from the strong demand and customer acceptance received in Odisha and West Bengal. Theses areas have emerged as high-growth markets for the company.

The new facility is expected to reduce delivery timelines currently extending up to a week from the Hisar facility and also strengthen dealer support across Eastern and Southern India.

Prior to this new facility, Zelio?s total installed capacity stood at 72,000 units per annum. The newly commissioned Odisha facility would contribute 60,000 units per annum to the company?s production capacity.

Additionally, the existing Hisar plant?s capacity has been enhanced from 72,000 units to 1,20,000 units per annum. The capacity increase at Hisar was achieved through process-level optimisation, installation of extended conveyor systems, and addition of machinery.

The company has invested under Rs 3 crore in the Odisha facility. The plant is operational and is expected to contribute to revenue immediately.

Over FY26?FY27, the Odisha plant is projected to contribute a significant share to overall revenues, the company stated.

Kunal Arya, managing director, Zelio E-Mobility, said: ?Eastern India has emerged as one of our strongest growth regions, with customers showing exceptional trust in our products.

Setting up the Cuttack facility brings us closer to our riders and dealers, enabling faster deliveries, lower logistics costs and improved serviceability.?

Zelio E-Mobility is a rapidly expanding electric two-wheeler and three-wheeler manufacturer.

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The growth in revenue was supported by festive season demand, deeper penetration in Tier-2 and Tier-3 markets, and a diversified, value-driven product portfolio. Importantly, growth remained broad-based and structural.

The company?s focus on capacity optimisation, cost efficiency, and profitable growth positions it well to sustain momentum into Q4 FY 2025-26 and beyond,? Zelio E-Mobility said.

During the Diwali festive period, the company recorded a notable improvement in sales volumes and revenues compared to the corresponding period of the previous year. While the unit sales increased by 74% YoY, revenues grew by 64% YoY during the period under review.

With strong demand visibility, company?s is expecting FY25-26 capacity utilization of 85% on its existing 72,000 units per annum base. The company has also executed a 70% capacity expansion plan, scaling total installed capacity to over 1,20,000 units per annum.

The company further stated that the Odisha facility is expected to commence commercial operations from February 2026, while the Patan manufacturing facility to become operational by April 2026.

Subject to stabilisation of the Odisha and Patan facilities, the company continues to evaluate opportunities for establishing an additional manufacturing / assembly facility in Southern India.

In its outlook, the company said that it remains confident about sustained demand momentum in the slow speed EV segment, supported by increasing EV adoption, a favourable policy environment, and Zelio?s strong positioning in Tier-2 and Tier-3 markets.

The company expects to remain positively positioned towards achieving a turnover of over Rs 260 crore in FY26, subject to market conditions and execution.

Zelio E-Mobility is engaged in the manufacturing, assembling, and supplying of electric vehicles, offering a range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws) available in various designs, colors, and speed variants.

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