Tunwal E-Motors Ltd

Tunwal E-Motors Limited was originally incorporated as 'Tunwal E-Motors Private Limited' on December 21, 2018, vide Certification of Incorporation issued by the Assistant Registrar of Companies, Pune. The Company got converted into Public Limited Company and the name of the Company changed to 'Tunwal E-Motors Limited' vide vide a fresh Certification of Incorporation issued by Registrar of Companies, Pune dated December 13, 2023. The Company is one of the leading company in the EV 2-wheeler sector, committed to advancing innovation in EV 2-wheeler manufacturing. It stood at the forefront of India's drive towards sustainable and eco-friendly mobility solutions. Established in 2018, Company has rapidly evolved as a player in the market, specializing in design, development, manufacturing, and distribution of electric two-wheelers. The Sales and Marketing Department takes center stage, steering the creation and implementation of effective distribution strategies and managing diverse sales channels. Simultaneously, the Accounts Department ensures financial stability through oversight of financial management, budgeting, auditing, and taxation. The Dealer Development Department within the Sales Department play a crucial role in expanding the dealership network and providing essential support and training. Human Resources (HR) takes charge of recruitment, training, and organizational development, sustaining a talented and motivated workforce. With new age production facility strategically located in Rajasthan, Company leverages efficient manufacturing/assembly processes to meet the burgeoning demand for electric scooters. The Company. registered under the Bureau of Indian Standards (BIS) and SAE International, USA has confirmed World Manufacturer identifier (WMI) code for it. The Company came up with IPO aggregating an issuance of 1,96,00,000 equity shares bearing the face value Rs 2 each by raising funds of Rs 115.64 crore , which consist a fresh issue of 1,38,50,000 equity shares amounting to Rs 81.72 crore and the offer for sale of 57,50,000 equity shares amounting to Rs 33.92 crore on July 18, 2024. The Company achieved significant operational milestones during FY 2024-25, including the expansion of assembly line capacity, establishing new factories, launching and development of prototype models designed for both personal commuting and last-mile delivery.