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The Economic Times

Economy / The Economic Times

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Electra EV eyes threefold growth as commercial EV demand surges

Electra EV expects to triple its business to around 600 crore in FY27, after posting 200 crore in FY26, and sees potential for another threefold growth next year. The Ratan Tata-founded EV component maker is seeing strong demand across electric LCVs, buses, trucks, three-wheelers and battery energy storage systems (BESS), with BESS expected to contribute about a third of revenue.

9 Sep 2026 12:05 pm