Companies making electric vehicles or supplying EV-specific components, per their own annual reports — tiered so an EV maker and a company with an announced EV plan never look the same.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Electric bus OEM business is a core revenue driver with ~₹1,985 Cr in FY25 revenue, 11,000+ e-bus order book, and large PM e-Bus Sewa contract for 2,411 buses across 19 cities.
“Our OEM business, the core of our e-mobility offering clocked revenues of ` 1,984.9 Crores, up 14% from the previous year. With over 11,000 electric buses either operational & under execution and 2,500+ already in service across 14 states, our reach and reliability are growing steadily.”
Electrotherm operates an Electric Vehicle Division (Yobykes brand) manufacturing electric scooters, with the Palodia plant address matching the company's registered office.
“BHARAT'S PIONEER ELECTRIC SCOOTER MANUFACTURER”
+2 more quotes from the report
“Special Steel Division & Electric Vehicle Division”
“It also manufactures Ductile Iron Pipe, Electric Bikes, Steel, Induction Heating Equipment, Hydraulic Grab, Transformers, Continuous Casting Machine, and has also handled Turnkey Projects.”
The company's principal business is manufacturing electric vehicles and EV spare parts, supported by EV-related subsidiaries including DC2 Mercury Cars (car design/manufacturing) and Go Evexia (e-vehicle rentals).
“Mercury Ev-Tech limited a holding Company is engaged in, interalia, in the business activities of Manufacturing Electric Vehicles, Spare Parts for Electric Vehicles.”
EV charging solutions (trading, installation, commissioning, O&M of chargers and charging infrastructure), plus newly entered E-truck and E-cab fleet operations, are the stated principal business of the company.
“The Company is engaged in the business of providing comprehensive Electric Vehicle (EV) charging solutions, including the trading, installation, commissioning, operation, and maintenance of EV chargers and charging infrastructure.”
+1 more quote from the report
“The Company, engaged in installation of electric vehicle (EV) charging infrastructure, has undertaken significant efforts towards technology absorption during the year.”
Supertech EV2/3 WheelersCore business₹40 CrP/E 17.4 vs 33.1ROCE 10.3%
Supertech EV is a pure-play EV manufacturer that designs, develops, manufactures and distributes E-Scooters and E-Rickshaws across India through a B2B network of 500+ distributors.
“Our company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers and E-rickshaws.”
How this list is built
Definition used: Manufactures or sells electric vehicles, or supplies EV-specific components: traction motors, power electronics, EV batteries, charging infrastructure. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.
