What we do Tunwal E-Motors Ltd designs, develops, manufactures, and sells electric two-wheelers, leading India's shift to sustainable urban mobility solutions. |
Founded in 2,018 |
Market share Among leaders in India's electric two-wheeler market with rapid capacity expansion and product innovation. |
Problem solved Addresses urban pollution and fossil fuel dependence by offering eco-friendly, affordable electric scooters for commuting and last-mile delivery. |
Top clients or who we serve Serves individual commuters and commercial delivery fleets; predominantly B2C with growing B2B segments. |
Key management Jhumarmal Pannaram Tunwal (Chairman & Managing Director), Amit Kumar Mali (Whole Time Director), Karan Kumar Saini (Whole Time Director). |
Our journey and innovations Founded in 2018, converted public in 2023, IPO in 2024; expanded assembly capacity and launched new prototypes for diverse EV needs. |
Where we operate Primarily India with manufacturing base in Rajasthan; operates nationwide via dealership network. |
Top products or what we offer Electric scooters for personal commuting and last-mile delivery, including newly developed prototype models. |
Top brands Tunwal Electric Scooters; registered under BIS and SAE International with WMI code. |
Raw materials needed Battery cells, electric motors, electronic controllers, automotive-grade plastics and metals. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from vehicle sales, showing growth with recurring service and distribution channels developing. |
Our industry position Strong growth amid India's expanding EV sector; significant order book post IPO and capacity expansion. |
Financial highlights FY 2024-25 revenue Rs.178.59 crore (+70.7% YoY), profit Rs.11.8 crore (+1% YoY), robust IPO capital raise Rs.115.64 crore. |
Geographical revenue split Revenue predominantly from Indian domestic market; no exports reported. |
Order book - |
Whats driving growth Increasing EV adoption, government subsidies, expanded manufacturing, and growing urban delivery demand drive growth. |
Our future plans Increase capacity, launch new models, commence subsidiary operations, and invest in R&D and dealership expansion. |
Our green promise Committed to sustainable mobility reducing pollution; registered under standards promoting quality and eco-friendliness. |
Our people and values Focus on talent development via training and organizational growth; maintains ethical governance and compliance. |
Key challenges ahead Scaling production, technology adoption, raw material sourcing, and competitive market pressures. |
Interesting facts Achieved WMI code registration; IPO raised significant fresh capital in 2024; growing assembly lines in Rajasthan. |
Risks and strategy Mitigates regulatory, market, and operational risks through diversification, compliance, and innovation. |
