Mercury EV-Tech has achieved a major milestone by securing permanent regulatory approval to manufacture its MUSHAK EV. Designed as a 4-wheeled battery-operated goods carrier under the N1 vehicle category, this made-in-India electric vehicle is set to cater to evolving commercial transportation needs with enhanced features and subsidy benefits.
Mercury EV-Tech received approval to begin manufacturing the MUSHAK EV, a battery-powered 4W goods carrier. With a gross vehicle mass (GVM) of 2,085 kg, a seating capacity of 2, and a maximum speed of 69 kmph, the MUSHAK EV is set to become a durable and practical workhorse for businesses. This government certification is valid perpetually, giving long-term production assurance to the company.
The MUSHAK EV boasts an unbreakable body for improved safety and longevity, aligning with India's infrastructure demands. It is entirely manufactured within India, contributing to the Make in India initiative and marking the vehicle as eligible for potential government-supported Electric Vehicle (EV) subsidies, making it a financially attractive option.
This development brings significant strategic value to Mercury EV-Tech. The clearance not only meets regulatory standards but also opens doors for business growth in the competitive EV space. By aligning with evolving market needs, the company positions itself to improve operational capability and expand its product offerings in the logistics and commercial transport segments.
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The production launch of the MUSHAK EV enhances Mercury EV-Tech's brand presence in the rapidly expanding electric commercial vehicle market. With supportive government policies and rising demand for sustainable transport, the MUSHAK EV could become a preferred choice in both urban and rural logistics sectors.
On September 11, 2025, Mercury Ev-Tech share price opened at ₹49.95 on BSE, near the previous close of ₹49.95. During the day, it surged to ₹50.34 and dipped to ₹49.66. The stock is trading at ₹50.34 as of 9:26 AM. The stock registered a marginal change of 0.78%.
Over the past week, it has declined by 0.89%, over the past month, it has moved up by 1.82%, and over the past 3 months, it has declined by 16.99%.
Mercury EV-Tech’s approval to manufacture MUSHAK EV is a major step towards scaling operations in the electric vehicle sector. Combining durable design, Indian manufacturing, and eligibility for subsidies, the MUSHAK EV is set to offer a cost-effective, reliable solution for goods transport in India.
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Published on: Sep 11, 2025, 12:31 PM IST
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