Zelio E-Mobility opens Coimbatore plant, lifts annual capacity to 2.4 lakh units
The electric two-wheeler maker inaugurated a 39,000 sq ft Coimbatore facility adding 60,000 units of annual capacity across four plants. Backed by 81.8% YoY revenue growth to Rs 313.68 crore in FY26, Zelio is chasing south India dealer penetration with a 550-dealership target across 25 states.
What happened
Zelio E-Mobility opened a Coimbatore electric two-wheeler plant, raising total capacity to 2.4 lakh units across four facilities, targeting south India dealer
Key facts
- 60,000 units annual capacity
- 2.4 lakh units total capacity
- Rs 1 crore investment
- 39,000 sq ft
- 24,000-30,000 units initial
- Rs 313.68 crore FY26 revenue
- 81.8% YoY growth
- 400+ dealers
- 25 states
- 550 dealerships target
Why this matters
Zelio's four-plant footprint and 25-state dealer ambition make it a rising EV two-wheeler consolidation or partnership candidate in south India.
What to watch
- Monthly plant utilization vs 2.4 lakh capacity
- Actual dealer count trajectory toward 550
- FY27 revenue growth deceleration vs 81.8% base
- FAME/state EV subsidy policy changes affecting low-speed segment
- Competitor price actions in sub-Rs 1 lakh two-wheeler segment
- Accelerate dealer signings in Tamil Nadu/Kerala/Karnataka to hit 550 within 12-18 months
- Tie up EV retail financing partners to convert footfall to sales
- Introduce higher-speed / L2 category models to broaden addressable market
- Build local component sourcing near Coimbatore to protect margins