Tunwal E-Motors
NSE: TUNWAL · 2/3 Wheelers
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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.
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Peers · 2/3 Wheelers
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Tunwal E-MotorsTUNWAL | ₹148 Cr | — | — | — | 7.0% | — | — | -22.6% |
Hero MotoCorp Ltd.HEROMOTOCO | ₹1.08L Cr | 18.98 | 12.55 | 25.6% | 16.9% | 26.8% | 34.2% | -4.9% |
Ather Energy Ltd.ATHERENERG | ₹57,445 Cr | -138.26 | -409.01 | — | -3.3% | -25.4% | -14.6% | +139.5% |
Ola Electric Mobility Ltd.OLAELEC | ₹19,379 Cr | -9.44 | -28.50 | -49.2% | -40.0% | -41.0% | -22.4% | -33.6% |
Zelio E-MobilityZELIO | ₹2,087 Cr | — | — | — | 11.0% | — | — | — |
EBIX LimitedEBIX | ₹399 Cr | -60.32 | 52.54 | -90.8% | 106.8% | 1.7% | 18.5% | -52.8% |
As of Mar 2026
Financials
Tunwal E-Motors
NSE: TUNWAL · 2/3 Wheelers
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.
Peers · 2/3 Wheelers
As of Mar 2026