Electra EV looks at three-fold growth on strong order pipeline

Mumbai: Electra EV, the Ratan Tata-founded manufacturer of motors, controllers, battery packs and other critical aggregates for electric vehicles, expects to triple its business for the second consecutive year as a sharp increase in demand for electric commercial vehicles drives a surge in orders.

Executive director and chief executive Samir Yajnik said the business would grow threefold this year (fiscal 2027) and could expand by the same rate next year as well on the back of a strong order pipeline across electric light commercial vehicles, buses, trucks, three-wheelers and battery energy storage systems (BESS).

"I have never in my 40-year lifetime seen a threefold increase with the prospect of another threefold increase," Yajnik told ET.


The company that posted ₹200 crore in FY26 sales, expects BESS to account for about a third of its business this year and the next.