Tunwal E-Motors

: TUNWAL · 2/3 Wheelers

52W Range₹25 ₹50

Limited coverage

We are not actively covering this company or have limited coverage today. Click to request coverage.

Snapshot

Unlock Tunwal E-Motors's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Tunwal E-Motors Limited is an Indian company focused on the design, development, manufacturing, and distribution of electric two-wheelers. The company maintains a diverse product portfolio featuring over 23 distinct scooter models across 6 variants.

Business Model

The company generates revenue through the manufacturing and sale of electric scooters, catering to the growing demand for sustainable urban mobility solutions in India.

  • Product Variants:6
  • Scooter Models:23+

Growth Outlook

Growth is expected to be driven by the increasing adoption of electric vehicles in India and the expansion of the company's product range to meet diverse consumer needs.

Key Risks

  • Regulatory Risk. Changes in government subsidies and FAME policies for electric vehicles could significantly impact demand and profitability.
  • Supply Chain Dependency. Reliance on external suppliers for critical components like battery cells and motors poses a risk to production stability.
  • Intense Competition. The electric two-wheeler market is highly competitive, with numerous established players and new entrants vying for market share.
  • Technological Obsolescence. Rapid advancements in battery technology and electric drivetrain efficiency may render existing product models less competitive.

Start your research today

Unlock AI insights, financials, peers and live data on Tunwal E-Motors and 5,000+ companies — free.

Start your research

Peers · 2/3 Wheelers

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Tunwal E-MotorsTUNWAL
₹149 Cr7.0%-9.8%
Hero MotoCorp Ltd.HEROMOTOCO
₹1.12L Cr20.5613.0325.6%16.9%26.8%34.2%+10.1%
Ather Energy Ltd.ATHERENERG
₹61,924 Cr-158.93-440.68-3.3%-25.4%-14.6%+259.1%
Ola Electric Mobility Ltd.OLAELEC
₹18,042 Cr-9.92-26.72-49.2%-40.0%-41.0%-22.4%-27.9%
Zelio E-MobilityZELIO
₹1,865 Cr11.0%
EBIX LimitedEBIX
₹465 Cr-77.4655.00-90.8%106.8%1.7%18.5%-52.7%

As of Mar 2026

Financials