Ultraviolette targets 5X export growth in FY26, expands capacity to 2.6 lakh units
Bengaluru-based EV maker Ultraviolette is shipping to 19 markets, led by Western Europe, with Latin America and SE Asia pilots next. Bengaluru capacity doubles to 60,000 units, while a new ₹200 crore Karnataka plant adds 2 lakh units. Exports to contribute 10% of FY26 sales, scaling to 5 lakh units by FY29.
Electric two-wheeler maker Ultraviolette targets 5X export growth in FY26, shipping to 19 markets mainly Western Europe, with Latin America and SE Asia pilots planned. Bengaluru capacity doubles to 60,000 units; new Karnataka plant adds 2 lakh capacity via ₹200 crore investment.
Why this matters
Reinforces Ultraviolette's export-led scaling thesis, building on its prior commitment of ₹200 cr to reach 5 lakh units by FY29 across 19 global markets.
Retail-company signals steady at 2,786 in the last 90 days.