Ultraviolette Automotive plans to invest ₹779 crore in a new electric two-wheeler manufacturing plant in Hosur, Tamil Nadu, as the Bengaluru-based company expands capacity and targets India’s growing mass-market EV segment.
The facility will initially produce 250,000 electric vehicles a year and will have the potential to scale up to 500,000 units, the company’s founders told Reuters. The investment will be made over the next five years and is expected to be funded through internal reserves, equity and future cash flows, with limited reliance on debt.
The Hosur plant will complement Ultraviolette’s existing facility near Bengaluru, which has annual production capacity of up to 50,000 vehicles. Chief Technology Officer Niraj Rajmohan said the Tamil Nadu location was selected partly because of its proximity to the company’s Bengaluru research and development centre and its access to an established automotive supply chain.
The expansion comes as electric two-wheeler sales increase in India. Government data cited in the report showed that sales crossed 1.03 million units during the first eight months of 2026. Electric two-wheelers accounted for more than 10 per cent of overall two-wheeler sales for the first time in August, while consulting firm McKinsey estimates that adoption could reach 40 per cent to 45 per cent by the 2030 financial year.
Ultraviolette co-founder and Chief Executive Officer Narayan Subramaniam said demand for the company’s existing and upcoming products exceeded the capacity of its current facility. The company is preparing to launch the Shockwave motorcycle at a price below ₹2 lakh and the Tesseract scooter at less than ₹1.5 lakh.
Subramaniam said underlying domestic demand for the company’s scooters was at least 10,000 units a month. The planned capacity increase could place Ultraviolette in competition with larger electric two-wheeler manufacturers such as Ola Electric and Ather Energy.
The company is known for premium electric motorcycles including the F77 and X47. It sold more than 3,000 electric motorcycles globally during the first half of 2026, compared with approximately 1,756 units sold by Zero Motorcycles and about 300 units for Harley-Davidson’s LiveWire, according to figures cited by the company.
International sales currently account for about 15 per cent of Ultraviolette’s overall sales. Subramaniam said the company expects that share to rise to 25 per cent within five years, with exports to Europe and Latin America forming part of its expansion plans. The Hosur project’s next steps will involve implementing the investment programme and developing the planned production capacity over the five-year period.
