Indian electric motorcycle maker Ultraviolette Automotive plans to invest Rs 779 crore in a new manufacturing facility in Hosur, Tamil Nadu, as it expands production capacity and prepares to enter the mass-market electric two-wheeler segment.
The new plant will initially have annual production capacity of 250,000 vehicles, which can be expanded to 500,000 units as demand grows. It will complement Ultraviolette’s existing facility near Bengaluru, which has capacity to manufacture up to 50,000 vehicles annually.
The investment will be spread over the next five years and funded through internal reserves, equity and future cash flows, with limited use of debt.
New Models To Drive Capacity Expansion
Ultraviolette currently sells premium electric motorcycles including the F77 and X47 and plans to expand into more affordable segments with the Shockwave motorcycle, priced below Rs 2 lakh, and the Tesseract scooter, priced below Rs 1.5 lakh.
“The demand we have for our products, including what is coming up next with the Tesseract and the Shockwave, is far more than the current facility can cater to,” Ultraviolette co-founder and CEO Narayan Subramaniam said.
The company expects underlying domestic demand for its scooters of at least 10,000 units per month, potentially bringing it into closer competition with larger electric two-wheeler manufacturers such as Ola Electric and Ather Energy.
Hosur was selected partly because of its proximity to the company’s Bengaluru research and development centre and access to the region’s automotive supply chain.
Electric Two-Wheeler Demand Expands
Electric two-wheeler sales in India crossed 1.03 million units during the first eight months of 2026. Their share of overall two-wheeler sales crossed 10 per cent for the first time in August.
Ultraviolette sold more than 3,000 electric motorcycles globally during the first half of 2026. Exports to Europe and Latin America currently account for about 15 per cent of its sales, with the company expecting the share to increase to 25 per cent over the next five years.
The company is backed by Qualcomm and TVS Motor.