Electric 2-Wheeler Manufacturer Tunwal E-Motors Posts 75% Revenue Growth in FY25

Electric 2-wheeler manufacturer Tunwal E-Motors has reported an impressive financial performance for FY25, marking a significant milestone in India’s electric mobility journey. With revenue rising by 75% year-on-year to ₹184.86 crore and net profit touching ₹11.85 crore, the company’s growth reflects the rising consumer adoption of electric 2-wheelers and the success of its expanding dealer network.

Electric 2-Wheeler Manufacturer Tunawal E-Motors Reports Strong FY25 Performance

Electric two-wheeler manufacturer Tunwal E-Motors Ltd has delivered a notable performance in the financial year 2024–25, reporting a 75.17% rise in revenue. The company’s total revenue reached ₹184.86 crore, compared to ₹105.53 crore in FY24. This substantial growth reaffirms Tunwal’s expanding footprint in India’s fast-growing electric mobility segment.

The company also posted a net profit of ₹11.85 crore, with Earnings Per Share (EPS) standing at ₹2.32. The Board of Directors has recommended a final dividend of ₹0.10 per equity share of face value ₹2, subject to shareholder approval at the upcoming Annual General Meeting.

Read More: Ola Electric Slips to Third Place in EV Two-Wheeler Market as TVS and Bajaj Surge! 

Strong H2FY25 Driven by Channel Expansion and Market Demand

Tunwal witnessed a particularly strong second half of the fiscal year. In H2FY25, the company reported revenue of ₹109.41 crore, up 82.28% on a year-on-year basis. Net profit during the same period stood at ₹6.47 crore.

This performance was supported by:

• Increasing demand for electric vehicles
   
• A wider network of dealers
   
• Growing consumer trust in the Tunwal brand

The consistent revenue growth throughout the year is aligned with broader trends in the Indian electric vehicle ecosystem, where affordability and sustainability are driving consumer choices.

Performance at Auto Cluster Expo 2025

Tunwal E-Motors demonstrated its market momentum at the Auto Cluster Expo 2025, held between  May 23 to 25, 2025. The company’s participation generated significant interest and tangible business outcomes.

Key highlights include:

• 200+ B2B orders for electric two-wheelers placed by dealers
   
• Exclusive incentive schemes launched to encourage higher dealer volumes
   
• 2 B2C sales closed during the expo, reflecting rising walk-in consumer interest

Continued Focus on Product Expansion and Accessibility

Founded in 2018, Tunwal E-Motors has steadily expanded its reach with:

• A portfolio of 23+ models, including 7 two-wheeler variants
   
• A network of over 225 dealers
   
• Presence across 19 states in India

With an emphasis on affordability, access, and localised expansion, Tunwal aims to cater to diverse mobility needs while contributing to the broader goals of green transportation.

Conclusion 

Tunwal’s FY25 performance highlights the rising demand for electric mobility solutions in India. The company’s growth trajectory continues to reflect broader trends shaping the future of transportation.

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