Key Event
Commencement of commercial production/operations at the new manufacturing plant at Patan, Hisar, Haryana and capacity expansion effective October 28, 2026.
Plant Location Details
Khasra No. 40//11/1(0-8), 11/3(4-12), 18/2(3 4), 19(9-16), 20/1(5-6), 21/2(4-2), 22(8-0), 23(8-0), 24/1(2-16), Khewat No.716//581, Khetoni No. 900, Patan, Hisar-125120, Haryana, India.
Capacity Details
- Existing Capacity: 2,40,000 units per annum
- Capacity Utilization (as of March 31, 2026): 180,000 units with approximately 40% utilization
- Proposed Capacity Addition: 72,000 units total
- 48,000 units per annum for two-wheelers
- 24,000 units per annum for three-wheelers
Implementation Timeline
- Commencement Date: October 28, 2026
- Proposed Capacity Addition Period: Q3 FY 2026-27
Financial Details
- Investment Required: Exceeds ₹20 Crore under approved capital expenditure plan
- Major Portion Usage: Backward integration (subject to finalization and approval by Board of Directors)
- Mode of Financing:
- Portion funded through IPO proceeds in accordance with objects of the issue
- Additional funding requirements to be met through internal accruals
Strategic Rationale
To enhance production capacity, improve regional supply efficiency, optimize logistics, achieve backward integration and greater operating leverage under the Company's approved capital expenditure plan.