Greaves Electric Mobility Rights Issue Raises Rs 530 Crore for EV Expansion

India.

Electric Two-Wheeler Market Share Rises to 5.6% in June 2026

VAHAN registration data showed a 101 percent year-on-year increase in electric two-wheeler volumes for the company, with the growth helping raise its market share in India's electric two-wheeler segment. The company's share increased from 4.3 percent in FY26 to 5.6 percent in June 2026, keeping it among the top six manufacturers in the Indian market. The higher registration volumes indicate stronger market traction for its electric two-wheeler business, while the increased share provides a measurable indication of its competitive position. The June 2026 performance also strengthens the relevance of continued investment in products, powertrain systems, and battery management capabilities.

Vikas Singh on Record Q1 FY27 Performance

Vikas Singh, Managing Director of Greaves Electric Mobility, described Q1 FY'27 as the company's strongest quarter to date. "Q1 FY'27 has been our strongest quarter to date," said Vikas Singh, Managing Director of Greaves Electric Mobility. He added, "The good reception for our new products, record growth in volumes, increasing market share and the successful rights issue, all reinforce the strength of our strategy." The statement links the quarterly performance, product response, volume growth, market-share gains, and completed capital raise as key indicators supporting the company's current strategic direction. The latest funding is therefore positioned alongside operating momentum and product acceptance.

Frequently Asked Questions

How much did the company raise through its rights issue?
The company completed a fully subscribed rights issue of Rs 530 crore to support ongoing product development and operational expansion. The proceeds are planned for next-generation electric vehicles, powertrain development, advanced battery management systems, and customer experience enhancements. The capital raise follows the company's strongest quarterly performance in Q1 FY27, when consolidated revenue reached Rs 270 crore, representing 97 percent year-on-year growth. The funding provides additional financial resources to support its electric mobility portfolio and broader operational priorities.

What was the electric two-wheeler market share in June 2026?
According to VAHAN registration data, the company's electric two-wheeler market share increased to 5.6 percent in June 2026 from 4.3 percent in FY26. Electric two-wheeler volumes recorded a 101 percent year-on-year increase during the period. The stronger registrations helped the company maintain its position among India's top six electric two-wheeler manufacturers. The market-share improvement indicates increased traction for its electric two-wheeler business and supports continued investment in products, powertrain development, and advanced battery management systems.