Ravindra Energy Shares Business Update on EV Manufacturing and Renewable Energy Projects
Ravindra Energy’s update highlights progress in EV manufacturing, electric heavy commercial vehicle (E-HCV) sales and renewable energy capacity expansion.
Ravindra Energy Expands EV Manufacturing Operations
Ravindra Energy announced the inauguration of its heavy-duty commercial vehicle assembly complex in Pune on October 14, 2026. Developed with an investment of less than Rs. 100 crore in under a year, the facility includes vehicle assembly operations and a lithium-ion battery-pack manufacturing line.
The company also reported progress in its commercial vehicle business. Its subsidiary, Energy In Motion, sold 142 electric heavy commercial vehicles during the quarter ended September 30, 2026.
The Breakdown
- Pune facility inaugurated: The heavy-duty commercial vehicle assembly complex was inaugurated on October 14, 2026.
- Project investment: The facility was developed with a capital expenditure of less than Rs. 100 crore in under a year.
- Manufacturing capacity: The integrated facility has a stated annual capacity of 5,000 vehicles per shift and includes a 2.4 GWh lithium-ion battery-pack line.
- First in-house truck rolled out: Ravindra Energy rolled out its first fully assembled truck using knocked-down parts on October 30, 2026.
- E-HCV sales: Energy In Motion sold 142 electric heavy commercial vehicles during Q2 FY27.
- Merger progress: The proposed merger scheme between Ravindra Energy and Energy In Motion has been submitted to the stock exchanges and is under review.
- Renewable energy portfolio: The company’s operating portfolio stands at 296 MWp across 81 locations.
- Capacity under development: An additional 226.8 MWp of renewable energy capacity is under construction or development.
- Power generation: Combined energy generation for the half-year ended September 30, 2026, reached 145.58 million kWh.
What to Watch Next
Investors may track the ramp-up of the Pune manufacturing facility, future E-HCV sales, developments in the merger approval process and the commissioning of renewable energy projects under development.
Disclaimer
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Share Market Prediction For Tomorrow
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