Pursuant to Regulation 30 of SEBI (LODR), we are enclosing herewith Press Release dated 24th February 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zelio E-Mobility has commissioned a new electric two-wheeler manufacturing facility in Cuttack, Odisha, to strengthen its presence in Eastern and Southern India. The new plant adds 60,000 units per annum, taking total installed capacity from 72,000 to 1,80,000 units p.a. (2.5x increase), while the existing Hisar plant has also been expanded from 72,000 to 1,20,000 units. The Odisha investment is under INR 3 crore, with the plant operational and expected to contribute to revenue immediately. The expansion follows H1 FY26 consolidated revenue of INR 134.78 crore and net profit of INR 11.87 crore. The facility will create 60–100 jobs and help cut delivery times (currently up to a week from Hisar), reduce logistics costs, and improve supply chain efficiency.
Positive for shareholders — capacity more than doubles with modest capex, supporting faster growth in high-demand Eastern markets and improving margins through lower logistics costs. Near-term revenue contribution from the Odisha plant is expected in FY26–FY27, which could boost the stock's growth outlook.