Ultraviolette to invest ₹779 crore in Hosur EV plant with 250,000-unit capacity
The Bengaluru-based EV maker plans to invest ₹779 crore over five years in a Tamil Nadu facility, with initial annual capacity of 250,000 vehicles, expandable to 500,000. It is also targeting mass-market demand with the sub-₹2 lakh Shockwave motorcycle and sub-₹1.5 lakh Tesseract scooter.
What happened
Ultraviolette Automotive · Ultraviolette will invest ₹779 crore over five years in a Hosur plant, initially producing 250,000 EVs annually. The company is
Key facts
- ₹779 crore investment
- $81.93 million
- 250,000 vehicles initial annual capacity
- 500,000 vehicles expandable annual capacity
- 50,000 units existing annual capacity
- 1.03 million electric two-wheelers sold in India in first eight months of 2026
- 40%-45% projected electric two-wheeler adoption by FY2030
- 10% electric two-wheeler share of overall sales in August 2026
- Shockwave priced below ₹2 lakh
- Tesseract priced below ₹1.5 lakh
- 10,000 scooter units monthly expected domestic demand
- 3,000+ electric motorcycles sold globally in first half
- 15% export sales share, potentially 25% within five years
Why this matters
The expanded Hosur footprint strengthens Ultraviolette’s strategic position for partnerships in components, batteries, distribution and financing as it targets substantially higher-volume EV segments.
What to watch
- Construction and commissioning milestones for the Hosur plant, including disclosed phase-one output timing.
- Preorders, delivery timelines and final specifications/pricing for Shockwave and Tesseract.
- Dealer, service-center and fast-charging network additions in tier-2 and tier-3 cities.
- Monthly registration volumes, market share and realized selling prices versus Ola Electric, Ather, TVS, Bajaj and Hero MotoCorp.
- Battery supply contracts, localization announcements, incentive approvals and fundraising/cash-flow updates.
- Evidence of discounting, warranty claims, recalls or delivery-quality issues as volumes rise.
- Secure long-term battery-cell, battery-pack, motor, semiconductor and controller supply agreements to support staged production ramp-up.
- Expand sales, service and spare-parts coverage beyond major metros before mass-market model deliveries begin.
- Build financing, leasing and insurance partnerships to reduce effective monthly ownership costs for Shockwave and Tesseract buyers.
- Use the Hosur investment to deepen Tamil Nadu supplier localization and seek state and central manufacturing incentives.
- Prioritize quality-control, battery safety, warranty provisioning and field-service capacity to avoid reputational damage during volume expansion.