Tunwal E Motors posts 55% revenue growth in FY26

Tunwal E-Motors Ltd reported a profit after tax of Rs 12.73 crore for FY2025-26, marking a 57.4% increase from the previous year. The company’s revenue from operations reached Rs 276.84 crore, up 55% year-on-year from Rs 178.59 crore in FY2024-25. This growth was driven by an expanding dealer network and increased presence in Tier II and Tier III cities.

Key Highlights

• Tunwal E-Motors reported Rs 12.73 crore profit after tax for FY2025-26
• Revenue from operations rose 55 percent year-on-year to Rs 276.84 crore
• Earnings per share increased to Rs 2.21 from Rs 1.40 in the previous year
• Company expanded dealer network and market presence in Tier II and Tier III cities

Financial Performance Overview

The company’s profit before tax stood at Rs 17.02 crore for the year. Earnings per share rose to Rs 2.21, compared to Rs 1.40 in the previous year, showing a growth of nearly 58%. As of March 31, 2026, Tunwal’s consolidated net worth increased to Rs 125.74 crore.

Tunwal attributed the strong results to its continued dealer network expansion and deeper market penetration, especially in eastern India. The company also invested in financing options, after-sales service, and customer support infrastructure to support its growth.

Market Drivers and Industry Context

India’s electric mobility sector continued to gain momentum in FY26. The company cited factors such as rising consumer awareness, supportive government policies, higher fuel prices, and growing acceptance of sustainable transport. According to industry estimates referenced by Tunwal, the electric two-wheeler segment grew by around 22% during the year.

Tunwal’s 55% revenue growth outpaced the broader market, reflecting increasing brand acceptance and stronger distribution capabilities. The company achieved this despite a competitive environment with subsidy transitions and pricing pressures.

Company Profile and Strategic Focus

Founded in 2018 and based in Pune, Tunwal E-Motors manufactures electric two-wheelers and three-wheelers. Its products target students, daily commuters, and small business owners. The company focuses on affordable electric mobility solutions with low operating and maintenance costs.

Jhumarmal Tunwal, a company representative, stated that FY2025-26 was significant for business growth and operational improvements. He emphasized the company’s commitment to building a scalable, customer-centric ecosystem and supporting wider adoption of electric vehicles across India. Tunwal plans to continue expanding its reach, enhancing customer experience, and investing in innovation for long-term value.

Outlook for Electric Mobility

The electric vehicle industry in India is evolving rapidly, with continued policy support and rising demand. Tunwal E-Motors aims to maintain its growth trajectory by focusing on distribution expansion and customer support. The company remains committed to supporting the shift toward sustainable transportation solutions.

CarBike 360 Says

Tunwal E Motors’ strong FY26 performance underlines the accelerating momentum of India’s electric two-wheeler segment. With rising consumer acceptance, expanding product portfolios, and supportive government policies, the company appears well-positioned for sustained growth. If this trajectory continues, Tunwal could further strengthen its foothold in the competitive EV market while contributing to the country’s broader electrification goals.