A-1 Limited Increases EV Unit Stake to 51%, Secures Major Orders Worth 1,425 Units
A-1 Limited has strategically increased its shareholding in A-1 Sureja Industries from 45% to 51% at an enterprise valuation of ₹100 crore, while the EV unit secured orders for 1,425 electric two-wheelers from clients in Gujarat and Uttar Pradesh. The company is considering expansion into comprehensive EV manufacturing, component production, and smart charging infrastructure development.

*this image is generated using AI for illustrative purposes only.
A-1 Limited has significantly strengthened its position in the electric mobility sector by increasing its shareholding in associate company A-1 Sureja Industries from 45% to 51% at an enterprise valuation of ₹100 crore. This strategic move comes alongside the securing of substantial purchase orders for 1,425 electric two-wheelers, demonstrating the company's commitment to expanding its EV business operations.
Strategic Shareholding Enhancement and Valuation
The increase in shareholding from 45% to 51% represents a major strategic decision by A-1 Limited to gain majority control over A-1 Sureja Industries. The transaction values the EV manufacturing unit at ₹100 crore, reflecting the growing importance of the electric mobility segment within the company's portfolio.
| Transaction Details: | Specifications |
|---|---|
| Previous Shareholding: | 45% |
| Current Shareholding: | 51% |
| Enterprise Valuation: | ₹100 crore |
| Transaction Nature: | Strategic acquisition |
Major Order Wins Strengthen Business Position
A-1 Sureja Industries has secured significant purchase orders for 1,425 units of low-speed electric two-wheelers from two major clients. The orders demonstrate growing market acceptance of the company's electric vehicle offerings, particularly in the affordable and low-speed EV segment.
| Order Details: | Customer 1 | Customer 2 |
|---|---|---|
| Customer: | Zipnova Enterprise LLP | Aayushman Engineering |
| Location: | Ahmedabad, Gujarat | Noida, Uttar Pradesh |
| Product: | Low-speed electric motorcycles | Low-speed electric vehicles |
| Quantity: | 525 units | 900 units |
| Total Orders: | 1,425 units | - |
Expansion Plans and Future Strategy
A-1 Limited is actively considering expansion of A-1 Sureja Industries' operations into comprehensive manufacturing and distribution of EV and allied clean mobility solutions. The planned expansion encompasses research and development, EV component manufacturing, and smart charging infrastructure development. A-1 Sureja Industries currently manufactures battery-operated two-wheelers under the Hurry-E brand.
Market Performance and Investor Interest
Shares of A-1 Limited demonstrated positive market response, trading up 5% at ₹33.60. The company has attracted institutional investor attention, with Mauritius-based Minerva Ventures Fund acquiring 66,500 equity shares at ₹1,655 per share through bulk deals on BSE. The company remains focused on scaling its EV business through timely execution, expansion of distribution reach, and continued product innovation.


























