Ultraviolette to invest ₹779 crore in Hosur factory, targeting 250,000 annual units
Electric two-wheeler maker Ultraviolette plans to invest ₹779 crore over the next five years in its BIGGA Factory in Hosur, Tamil Nadu. The facility is designed for annual output of 250,000 vehicles and can be scaled to 500,000 units, supporting domestic and international expansion.
What happened
Ultraviolette will invest ₹779 crore over five years in its BIGGA Factory in Hosur, Tamil Nadu, expanding electric two-wheeler production capacity to 250,000
Key facts
- ₹779 crore investment
- 5 years
- 250,000 vehicles annual capacity
- 500,000 vehicles annual scalable capacity
- nearly 2,000 jobs
Why this matters
The scalable Hosur platform strengthens Ultraviolette’s appeal for battery, component, distribution and international-market partnerships as it builds toward larger-volume expansion.
What to watch
- Actual factory commissioning schedule, phased production-line activation and disclosed capacity utilization.
- New model launches, bookings, deliveries and evidence that sales are moving beyond flagship premium products.
- Dealer/service footprint growth, financing partnerships and customer-reported service turnaround times.
- Export homologation approvals, distributor announcements and first overseas shipment volumes.
- Battery sourcing strategy, local-content levels and any announced cell-manufacturing or battery-pack partnerships.
- Follow-on equity or debt fundraising needed to complete the ₹779 crore investment.
- Competitive pricing, incentive changes and product launches from Ola Electric, Ather, TVS, Bajaj and other electric two-wheeler makers.
- Phase capex against booked demand and supplier-readiness milestones rather than building full 250,000-unit capacity immediately.
- Expand dealership, test-ride, financing and after-sales networks in major Indian cities to support conversion beyond technology enthusiasts.
- Secure long-term battery-cell, motor, semiconductor and power-electronics supply agreements while increasing local content to protect margins.
- Prioritize export homologation and appoint country distributors in markets where premium electric motorcycles face less direct price competition.
- Use the Hosur ecosystem to recruit manufacturing talent and develop adjacent supplier capacity for batteries, castings, electronics and charging components.