Zelio E-Mobility
BSE: ZELIO · 2/3 Wheelers
Snapshot
Unlock Zelio E-Mobility's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Zelio E-Mobility is an Indian manufacturer and assembler of electric vehicles, offering a product portfolio that includes electric scooters, bikes, and rickshaws. The company operates multiple manufacturing and assembly facilities across Hisar, Cuttack, and Coimbatore, alongside a dedicated warehouse in Hisar to support its distribution network.
Business Model
The company generates revenue by manufacturing, assembling, and distributing electric two-wheelers and three-wheelers through its production facilities located across India.
- Manufacturing Units:4
- Warehouse Facilities:1
Growth Outlook
Growth is expected to be driven by expanding production capabilities across its multiple facilities and rising domestic demand for electric vehicles in India.
Key Risks
- Regulatory and Subsidy Risks. Changes in government policies, such as EV subsidies and safety regulations, can significantly impact demand and profit margins.
- Supply Chain Volatility. Fluctuations in the availability and cost of critical components like battery cells can disrupt manufacturing schedules.
- Intense Competition. The electric two-wheeler and three-wheeler market in India is highly competitive, featuring numerous established and emerging players.
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Peers · 2/3 Wheelers
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Zelio E-MobilityZELIO | ₹2,087 Cr | — | — | — | 11.0% | — | — | — |
TVS Motor Company Ltd.TVSMOTOR | ₹1.96L Cr | 55.7× | 24.69 | 30.2% | 15.1% | 39.9% | 31.4% | +16.3% |
Hero MotoCorp Ltd.HEROMOTOCO | ₹1.08L Cr | 19.0× | 12.55 | 25.6% | 16.9% | 26.8% | 34.2% | -4.9% |
Ather Energy Ltd.ATHERENERG | ₹57,445 Cr | -138.3× | -409.01 | — | -3.3% | -25.4% | -14.6% | +139.5% |
Ola Electric Mobility Ltd.OLAELEC | ₹19,379 Cr | -9.4× | -28.50 | -49.2% | -40.0% | -41.0% | -22.4% | -33.6% |
EBIX LimitedEBIX | ₹399 Cr | -60.3× | 52.54 | -90.8% | 106.8% | 1.7% | 18.5% | -52.8% |
As of Mar 2026
Financials
Zelio E-Mobility
BSE: ZELIO · 2/3 Wheelers
Snapshot
Unlock Zelio E-Mobility's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Zelio E-Mobility is an Indian manufacturer and assembler of electric vehicles, offering a product portfolio that includes electric scooters, bikes, and rickshaws. The company operates multiple manufacturing and assembly facilities across Hisar, Cuttack, and Coimbatore, alongside a dedicated warehouse in Hisar to support its distribution network.
Business Model
The company generates revenue by manufacturing, assembling, and distributing electric two-wheelers and three-wheelers through its production facilities located across India.
- Manufacturing Units:4
- Warehouse Facilities:1
Growth Outlook
Growth is expected to be driven by expanding production capabilities across its multiple facilities and rising domestic demand for electric vehicles in India.
Key Risks
- Regulatory and Subsidy Risks. Changes in government policies, such as EV subsidies and safety regulations, can significantly impact demand and profit margins.
- Supply Chain Volatility. Fluctuations in the availability and cost of critical components like battery cells can disrupt manufacturing schedules.
- Intense Competition. The electric two-wheeler and three-wheeler market in India is highly competitive, featuring numerous established and emerging players.
Start your research today
Unlock AI insights, financials, peers and live data on Zelio E-Mobility and 5,000+ companies — free.
Peers · 2/3 Wheelers
As of Mar 2026