Company Overview
Zelio E-Mobility Limited is an Indian electric vehicle manufacturer focused on affordable low-speed electric two-wheelers and electric three-wheelers marketed under the Zelio and Tanga brands. The company addresses mobility requirements of students, homemakers, gig workers and daily commuters, primarily across Tier II and Tier III cities. Founded in 2021 and headquartered in Hisar, Haryana, the company has scaled rapidly by combining an asset-light manufacturing model with an expanding dealer network and value-for-money product strategy.
Event Participation
The management of Zelio E-Mobility Limited participated in the "Samruddhi Season 3 – Nav-Bharat ka Caravan" Virtual Investor-Company Connect Conference Call organized by Hem Securities Ltd. on Wednesday, June 17, 2026 at 05:00 P.M. via Webinar. The conference included a brief address covering key business updates and developments, followed by an interactive Question and Answer session with participating investors.
Financial Performance (FY26)
- Consolidated Revenue: ₹313.8 crore, reflecting 81.8% year-on-year growth
- EBITDA: ₹38.01 crore with a margin of 12.2%
- PAT: ₹28.39 crore with a margin of 9.1%
- The company has remained profitable every year since inception and has reported no loss-making quarter
Operational Highlights
- Manufacturing capacity increased from 72,000 units to 2.4 lakh units annually
- Expanded from a single manufacturing base to four operational facilities
- New facilities provide access to North, East, South and West India
- Expansion creates a platform for future volume growth without significant additional capital investment
Business Strategy
Management continues to focus on the low-speed EV segment catering to affordable personal mobility. The strategy emphasizes:
- Product reliability
- Low operating costs
- Extensive after-sales support
- Competitive pricing rather than aggressive premium positioning
Growth Initiatives
- Two high-speed scooter models expected to be launched during FY27
- Dealer network expansion from more than 400 dealers to over 550 dealers
- Strengthening presence in South India and the North-East region
- Electric three-wheelers expected to become an additional growth driver
Supply Chain & Localization
- Management aims to reduce import dependence by increasing localization of components over the next one to two years
- Batteries continue to be sourced from international suppliers
- Several structural and mechanical components are manufactured domestically
Financial Position
- Debt-to-Equity: 0.18x
- Current Ratio: 3.4x
- Cash reserves: approximately ₹26 crore
- Sufficient liquidity to fund expansion
Management Outlook
FY27 focus areas include:
- Profitable growth
- Market share expansion
- Dealer additions
- Product launches
- Enhanced brand visibility
Management reiterated that growth will not come at the expense of margins and product quality.