Ultraviolette targets 5X export growth in FY26, expands capacity to 2.6 lakh units
Bengaluru-based EV maker Ultraviolette is shipping to 19 markets, led by Western Europe, with Latin America and SE Asia pilots next. Bengaluru capacity doubles to 60,000 units, while a new ₹200 crore Karnataka plant adds 2 lakh units. Exports to contribute 10% of FY26 sales, scaling to 5 lakh units by FY29.
What happened
Electric two-wheeler maker Ultraviolette targets 5X export growth in FY26, shipping to 19 markets mainly Western Europe, with Latin America and SE Asia pilots
Key facts
- 5X export growth
- 10% exports share FY26
- 19 export markets
- 2 lakh motorcycles/month segment
- 30,000 units current capacity
- 60,000 units expanded
- 5 lakh units by FY29
- 2 lakh capacity Karnataka plant
- ₹200 crore investment
Why this matters
With 19 active export markets and Latin America plus SE Asia pilots queued, Ultraviolette is building a distribution footprint that becomes increasingly attractive for OEM partnerships, distribution JVs, or a strategic stake before the FY29 scale-up.