Ultraviolette to invest ₹779 crore in Hosur factory over five years
The electric two-wheeler maker will build out its BIGGA Factory in Hosur, Tamil Nadu, targeting annual capacity of 250,000 vehicles, scalable to 500,000, and nearly 2,000 jobs to support Indian and export demand.
What happened
Ultraviolette will invest Rs 779 crore over five years in its BIGGA Factory in Hosur, Tamil Nadu, adding phased annual capacity of 250,000 electric vehicles,
Key facts
- Rs 779 crore investment
- 250,000 vehicles annual capacity
- 500,000 vehicles annual scalable capacity
- nearly 2,000 jobs
- 5 years
Why this matters
Ultraviolette’s larger manufacturing footprint and export orientation could make it a more consequential partner or competitor for OEMs, component suppliers and mobility platforms targeting India’s EV two-wheeler market.
What to watch
- Construction milestones, commissioning dates, and disclosed annual production or utilisation levels at the BIGGA Factory.
- New funding, debt facilities, government incentives, or strategic supply partnerships supporting the ₹779 crore capex plan.
- Monthly registrations, delivery lead times, and price changes for Ultraviolette models versus premium ICE motorcycles and competing electric two-wheelers.
- Announcements of new Indian experience centres, dealer appointments, service locations, or export distributors.
- Battery localisation progress, cell-cost trends, and any supply-chain disruptions affecting electric two-wheeler production.
- Export homologation approvals, overseas launch dates, and evidence that exports contribute meaningfully to volume.
- Expand company-owned experience centres and appoint selective premium retail/dealer partners in major Indian cities.
- Secure long-term battery-cell, electronics, motor, and critical-component supply agreements to support localisation and protect margins.
- Add lower-priced or more versatile motorcycle variants to improve factory utilisation beyond the flagship premium segment.
- Pursue market-specific homologation, service partnerships, and distributor agreements for Europe, Southeast Asia, and other export markets.
- Build financing, insurance, roadside assistance, and service-network offerings to reduce purchase and ownership friction.