Draft:Mercury Ev-Tech
Submission declined on 3 May 2025 by Gheus (talk).
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Comment: Article seems to lack reliable secondary sources. Only sourcing seems to be business directories and PR News wires. Q T C 13:25, 28 April 2025 (UTC)
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| Company type | Public |
|---|---|
| BSE: 531357 | |
| Industry | Electric Vehicles, Renewable Energy |
| Founded | 1986 |
| Founder | Jayesh Thakkar |
Area served | India |
Key people | Jayesh Thakkar (Founder and CEO) |
| Products | Electric two-wheelers, three-wheelers, commercial EVs, batteries |
| Website | Official website |
Mercury EV-Tech Limited is an Indian electric vehicle (EV) manufacturer headquartered in Vadodara, Gujarat. Established in 1986, the company specializes in the production of electric two-wheelers, three-wheelers, commercial vehicles, and essential EV components such as batteries, chassis, and motor controllers.[1]
History
[edit]Mercury EV-Tech began operations in 1986, focusing initially on electronic vehicles and renewable energy products. Over the years, it expanded into electric vehicle manufacturing. In 2025, Mercury EV-Tech commissioned a 3.2 GW lithium-ion battery manufacturing facility in Vadodara to support its EV lineup and energy storage solutions.[2]
Operations
[edit]Mercury EV-Tech operates multiple facilities across India:
- Vadodara, Gujarat: Headquarters, battery manufacturing unit, and R&D center
- Chhapi, Gujarat: Auto parts manufacturing facility
- Maihar, Madhya Pradesh: Research and Development center for high-range vehicles
The company also operates Gujarat’s first[3] and India's fourth-largest Cationic Electro Deposition (CED) plant, improving corrosion resistance in EV components.[4]
Products
[edit]Mercury EV-Tech manufactures a range of electric vehicles:
Two-Wheelers
[edit]- DLX: High-speed scooter with a range of 100–120 km per charge, top speed of 60–80 km/h.
- EZ: Urban commuter scooter with similar specifications to DLX.
Three-Wheelers
[edit]- Tejashvi Passenger: Electric rickshaw with a range of 180–200 km per charge, top speed[2] of 45–65 km/h.
- Butterfly EV: Low-speed electric vehicle with a range of 80–110 km per charge and a top speed of 25 km/h.
Commercial Vehicles
[edit]- Voltus E-Loader: Electric loader with a range of 180–200 km per charge and a 4-hour charging time.
The company also manufactures[5] lithium-ion batteries through its subsidiary, Powermetz Energy Private Limited.
Financial Performance
[edit]For the fiscal year ending March 2025:
- In December 2024, Mercury EV-Tech reported consolidated net sales of ₹35.60 crore, representing[6] a 678.11% year-over-year increase.[7]
- In September 2024, standalone net sales reached ₹13.91 crore, marking a 235.47% year-over-year growth.[7]
Leadership
[edit]The company was founded by Jayesh Thakkar, who continues to lead Mercury EV-Tech as CEO.[4]
See Also
[edit]External Links
[edit]References
[edit]- ^ "Mercury EV-Tech Ltd share price | About Mercury EV-Tech | Key Insights - Screener". www.screener.in.
- ^ a b https://www.business-standard.com/markets/capital-market-news/mercury-ev-tech-rises-after-commissioning-3-2-gw-battery-manufacturing-facility-in-vadodara-125041500583_1.html
- ^ Sethi, Vaamanaa (January 2, 2025). "Small-cap stock under ₹100: Mercury Ev-Tech surge after THIS acquisition move | Stock Market News". mint.
- ^ a b "Mercury EV-Tech Limited". mercuryevtech.com.
- ^ Nagasundaram, Dhanya (April 15, 2025). "Multibagger Stock: 16,200% rally in five years! Small-cap stock below ₹100 jumps 3% after business update | Stock Market News". mint.
- ^ "Mercury EV Tech Share Price Surges Over 5% On New Battery Manufacturing Unit Announcement". English Jagran. April 15, 2025.
- ^ a b https://www.moneycontrol.com/financials/mercuryevtech/profit-lossVI/MM01
Category:Electric vehicle manufacturers of India Category:Indian companies established in 1986 Category:Companies based in Gujarat Category:Renewable energy companies of India
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