Montra Electric Targets ₹700 Crore Revenue, Plans Expansion and New EV Models for Fiscal Year – EQ
In Short : Montra Electric aims to achieve ₹700 crore in revenue this fiscal year, fueled by growing demand for its electric two- and three-wheelers. The company plans to expand production, diversify its product portfolio, and strengthen its distribution network nationwide. This strategy aligns with India’s rising EV adoption and the broader push toward sustainable, clean mobility solutions.
In Detail : Montra Electric has set an ambitious revenue target of ₹700 crore for the current fiscal year. The company aims to capitalize on the growing demand for electric two- and three-wheelers in India, reflecting the nation’s increasing shift toward sustainable transportation solutions and clean mobility options.
The company plans to expand its production capacity to meet rising consumer demand. By investing in modern manufacturing facilities and optimizing production processes, Montra Electric seeks to ensure timely delivery of vehicles while maintaining high quality and performance standards.
Diversifying the product portfolio is a key component of the growth strategy. Montra Electric intends to introduce new models across different segments, catering to both personal and commercial mobility needs while appealing to a broader customer base.
Strengthening the distribution network is another focus area. The company aims to expand its reach across urban and semi-urban regions, ensuring customers have convenient access to Montra Electric vehicles, service centers, and charging infrastructure.
Rising electric vehicle adoption in India is a major factor driving the company’s growth plans. Government incentives, supportive policies, and increasing consumer awareness of environmental benefits are contributing to the expanding EV market.
Montra Electric is also exploring partnerships with financing institutions and mobility service providers. These collaborations aim to enhance affordability, ease of purchase, and integration with broader EV ecosystems, supporting faster adoption of electric vehicles.
Operational efficiency and cost optimization remain important priorities. The company is implementing measures to streamline supply chains, reduce production costs, and improve overall profitability while maintaining competitive pricing for its customers.
The company’s focus on sustainability extends beyond products. Montra Electric is committed to promoting green practices in manufacturing, reducing emissions, and supporting India’s transition to low-carbon mobility solutions, aligning with national climate and energy goals.
