Ultraviolette targets 5X export growth across 19 markets, commits ₹200 cr to scale capacity to 5 lakh units by FY29
The Bengaluru-based EV two-wheeler maker plans to lift export share to 10% in FY26, with Latin America and SE Asia pilots underway. A ₹200 crore investment will expand Bengaluru capacity from 30,000 to 60,000 units and add a 2 lakh-unit Karnataka plant, taking total capacity to 5 lakh units by FY29.
What happened
EV two-wheeler maker Ultraviolette targets 5X export growth this fiscal across 19 markets, plans Latin America and SE Asia pilots, and will invest ₹200 crore to
Key facts
- 5X export growth
- 10% export share FY26
- 19 export markets
- 2 lakh motorcycles/month segment
- 5 lakh units capacity by FY29
- 30,000 units current capacity
- 60,000 units expanded capacity
- 2 lakh units new Karnataka plant
- ₹200 crore investment
- 80% untapped scooter market
Why this matters
Ultraviolette's 19-market export footprint and Karnataka greenfield build make it a sharper strategic comparable for premium EV two-wheeler partnerships, distribution tie-ups, or component supply deals targeting LatAm and SE Asia corridors.