Zelio E-Mobility Opens Coimbatore Manufacturing Plant; Shares Hit 5% Upper Circuit

Mumbai, July 13: Zelio E-Mobility Ltd. has commenced operations at a new manufacturing facility in Coimbatore, Tamil Nadu, a move that significantly expands its production footprint in southern India and lifts the company’s installed manufacturing capacity by one-third.

The company informed stock exchanges that commercial operations at the new plant began on July 13, 2026. The facility has been designed with an installed production and assembly capacity of 60,000 electric two-wheelers annually, taking Zelio’s total manufacturing capacity from 1.8 lakh units to 2.4 lakh units per year.

Operations will be ramped up in phases. During the initial stage, the plant is expected to manufacture 24,000 to 30,000 electric two-wheelers annually, with production increasing over the next 12 to 24 months as capacity utilisation improves.

The investment is being funded through internal accruals. While the filing mentions capital expenditure of up to ₹1 crore, the accompanying press release said the facility has been established with a capital investment of up to ₹1 crore, subject to final approvals under the company’s approved capital expenditure plan.

Management said the Coimbatore facility will primarily serve customers across Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh and South Maharashtra, helping shorten delivery timelines while supporting dealer expansion in one of the country’s fastest-growing EV markets.

Stock Market Snapshot

Zelio E-Mobility share price rallied after the announcement, with investors reacting positively to the company’s manufacturing expansion.

The stock was locked at the 5% upper circuit at ₹635.35, as of 10:36 AM IST on July 13. Trading remained restricted after the opening surge, indicating sustained buying interest following the announcement of the new facility.

The capacity addition comes at a time when the company has been steadily expanding its manufacturing network. Before the Coimbatore unit, Zelio operated facilities in Ladwa and Patan in Haryana and Cuttack in Odisha. The latest plant strengthens its presence in southern India, where the company expects demand for electric two-wheelers to remain robust.

Company Background

Founded in 2021 and headquartered in Haryana, Zelio E-Mobility manufactures electric two- and three-wheelers for the domestic market. The company sells electric scooters through a dealer network spanning more than 25 states and has outlined plans to expand to 550 dealerships by FY27.

The company said revenue grew 81.8% year-on-year to ₹313.68 crore in FY2025-26, while net profit increased 211% over the previous year. Zelio was listed on the BSE SME platform in October 2025.

Conclusion

The Coimbatore facility is more than just another production line. It shifts a sizeable portion of Zelio’s manufacturing closer to high-growth southern markets, reducing logistics costs and improving delivery speed. With installed capacity now at 2.4 lakh units annually, the company has created room for future demand without immediately committing to another large manufacturing investment, according to its exchange disclosure.

Source:

• https://www.bseindia.com/stock-share-price/zelio-e-mobility-ltd/zelio/544563
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/97ae91f3-1ffd-418e-8060-47b9f9f8e745.pdf