A-1 Limited Raises Stake in A-1 Sureja Industries to 51% to Enter EV Market; Share Price Jump 6%

A-1 Limited (formerly A-1 Acid Limited) announced an increase in its partnership interest in A-1 Sureja Industries from 45% to 51%, strengthening its position in the electric vehicle (EV) manufacturing sector. This move represents a major diversification for the Ahmedabad-based company, traditionally known for its presence in chemical trading and logistics.

A-1 Limited Expands into Clean Mobility with Majority Stake

With the acquisition of an additional 6% stake, A-1 Limited has now become a majority partner in A-1 Sureja Industries, a manufacturer of battery-operated two-wheelers. The company aims to leverage this partnership to accelerate its transformation into a green and sustainable enterprise. This step also makes A-1 Limited one of India’s first listed chemical companies to directly invest in a certified EV manufacturing firm.

Headquartered in Ahmedabad, A-1 Sureja Industries currently has an estimated valuation of ₹100 crore and is poised for rapid growth with a projected CAGR exceeding 250%. Its flagship product, the ARAI-approved Hurry-E Electric Motorcycle, targets the ₹75,000-₹1.40 lakh price range, appealing to both daily commuters and fleet operators.

From Chemicals to Clean Energy

Founded on a 50-year legacy in industrial acids and chemical logistics, A-1 Limited has built a market capitalisation of approximately ₹1,200 crore. Its diversification into electric two-wheelers aligns with India’s accelerating transition towards sustainable transportation. 

The EV market has grown at a 35% CAGR from FY 2020-25, surpassing 15,00,000 units, and is expected to reach over 50,00,000 units by FY 2028.

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Future Vision and Strategic Roadmap

By 2028, A-1 Limited envisions becoming a multi-vertical green enterprise integrating low-emission chemical operations with clean mobility solutions. The company’s leadership believes that its expertise in safety, compliance, and logistics will support the development of scalable electric mobility platforms. 

A-1 Sureja Industries, which holds an exclusive patent for its electric vehicle design until 2028, plans to expand production to meet growing demand from quick commerce and bike taxi segments.

A-1 Share Price Performance

On October 27, 2025, A-1 share price opened at ₹1,069.90 on BSE, above the previous close of ₹1,053.10. During the day, it surged to ₹1,120.00 and dipped to ₹1,060.10. The stock is trading at ₹1,120.00 as of 12:46 PM. The stock registered a significant gain of 6.35%.

Over the past week, it has moved up by 9.17%, over the past month, it has moved up by 20.41%, and over the past 3 months, it has moved up by 69.74%.

Conclusion

A-1 Limited’s increased investment in A-1 Sureja Industries signals a decisive move towards sustainable growth and innovation. Combining its legacy in chemical distribution with emerging EV technology, the company is set to evolve into a future-ready green enterprise with diversified revenue streams and stronger market positioning.

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