Media release regarding increase exiting partnership interest/shareholding in A-1 Sureja Industries
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A-1 Limited, an Ahmedabad-based listed chemical trading and logistics company (market cap ~Rs. 1,200 crore), is increasing its stake in EV two-wheeler maker A-1 Sureja Industries from 45% to 51% by acquiring an additional 6% interest, subject to regulatory and statutory approvals. With this move, A-1 Limited gains majority control over A-1 Sureja Industries (valued at ~Rs. 100 crore), which manufactures ARAI-approved Hurry-E electric motorcycles. The acquisition marks A-1 Limited's diversification from its core industrial chemicals business into India's fast-growing electric two-wheeler segment, which has grown at a 35% CAGR and is projected to cross 5 million units by FY28. The company aims to become a multi-vertical green enterprise by 2028, combining low-emission chemicals with clean mobility solutions.
This is a strategic diversification move into a high-growth EV segment, giving A-1 Limited controlling interest in A-1 Sureja Industries. Shareholders may view this positively as it opens a new revenue stream, though execution risk remains since the EV business is transitioning from R&D to commercial rollout with a projected 250% CAGR.