Attached herewith update under Regulation 30 of SEBI (LODR) Regulations, 2015
MERCURYEV · price
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Awaiting price reaction for this filing.
Mercury Ev-Tech has received approval from the International Centre for Automotive Technology (ICAT) to manufacture a new battery-operated 4-wheeler vehicle called MUSHAK EV. The vehicle falls in the Goods Carrier/N1 category with a gross vehicle weight of 2,085 kg, 2-person seating, and a top speed of 69 kmph. Key features include an unbreakable body, 100% local manufacturing, and eligibility for upcoming government subsidies. No financial figures, order volumes, or revenue estimates were disclosed in the filing.
This regulatory clearance enables the company to commercially launch a new electric commercial vehicle product line, potentially opening a new revenue stream. However, without disclosed order books, pricing, or production timelines, the near-term financial impact remains uncertain for shareholders.