A1 Expands into EV Sector with Increased Stake in A-1 Sureja Industries
A1, formerly A-1 Acid Limited, has approved an increase in its partnership interest in A-1 Sureja Industries from 45% to 51%. A-1 Sureja Industries specializes in manufacturing battery-operated electric two-wheelers and electrical vehicles. The acquisition will be funded through internal accruals and is not considered material under regulatory thresholds. Upon completion, A-1 Sureja Industries will become a subsidiary of A1, allowing for consolidation of operations and better strategic alignment in the Electric Mobility and Green Energy segments.

*this image is generated using AI for illustrative purposes only.
A1 , formerly known as A-1 Acid Limited, has announced a strategic move to strengthen its position in the electric vehicle (EV) sector. The company's board of directors has approved an increase in its partnership interest in A-1 Sureja Industries, a firm specializing in the manufacture of battery-operated electric two-wheelers and electrical vehicles.
Key Details of the Acquisition
| Particulars | Details |
|---|---|
| Target Entity | A-1 Sureja Industries |
| Nature of Entity | Partnership firm under Indian Partnership Act, 1932 |
| Current Stake | 45% |
| Additional Stake | 6% |
| Post-Acquisition Stake | 51% |
| Consideration | Cash (to be finalized based on valuation) |
| Funding Source | Internal accruals |
Strategic Implications
The acquisition aligns with A1's strategic objective of diversifying from its existing chemicals and logistics operations into the emerging Electric Mobility and Green Energy segments. By increasing its stake from 45% to 51%, A1 will gain management control and operational oversight of A-1 Sureja Industries.
Impact on Corporate Structure
Upon completion of the transaction, A-1 Sureja Industries will become a subsidiary of A1. This change in status will allow A1 to consolidate A-1 Sureja Industries' operations under its management, potentially leading to better strategic alignment and integration of sustainability initiatives.
Financial Considerations
The company has stated that the acquisition is not considered material under regulatory thresholds and will be funded through internal accruals. The revenue contribution of A-1 Sureja Industries will be consolidated with A1's financial statements from the effective date of control.
Regulatory Compliance
The transaction is subject to the completion of all regulatory and statutory formalities. It will take effect upon the execution of a revised partnership deed and fulfillment of necessary regulatory requirements.
Market Outlook
This move by A1 reflects the growing interest in the electric vehicle sector among Indian companies. As the EV market in India continues to expand, such strategic acquisitions could play a crucial role in shaping the competitive landscape of the industry.
The board meeting that approved this decision was held on October 27, 2025, at the company's registered office in Ahmedabad. A1 has emphasized that this intimation contains factual statements and does not make any forward-looking representations beyond those required by applicable law.
Historical Stock Returns for A1
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +20.00% | +23.18% | +28.08% | +143.46% | +279.77% | +305.42% |































