Zelio E-Mobility has formalized its South India expansion strategy following a Board of Directors meeting held on March 9, 2026. The meeting, which commenced at 05:30 P.M. and concluded at 08:02 P.M., resulted in approval of crucial operational decisions including facility lease agreements, auditor appointments, and credit facility authorizations.

Coimbatore Facility Lease Approval

The Board approved entering into a lease agreement for the warehouse and assembly facility in Coimbatore, Tamil Nadu, marking a decisive step in the company's regional expansion. The facility represents a substantial investment in South India operations with comprehensive operational capabilities.

The facility will be utilized for assembly of electric scooters, storage, logistics and allied business activities. The Board authorized Directors to execute the lease agreement and other necessary documents on behalf of the Company.

Auditor Appointments for FY 2025-26

Based on Audit Committee recommendations, the Board approved key auditor appointments to strengthen corporate governance and compliance frameworks for Financial Year 2025-26.

M/s. Jagsir Singh & Associates brings expertise in corporate laws, SEBI regulations, listing compliances, secretarial audits, due diligence and corporate advisory services. M/s. T S A & Co. has experience in internal audit, statutory audit, taxation, financial advisory and risk management services. Both firms are not related to any Director of the Company.

Credit Facilities Authorization

The Board authorized Directors to approach, negotiate and finalize credit facilities with Banks and Non-Banking Financial Companies for working capital facilities, term loans and other credit requirements. This authorization provides operational flexibility for the company's business expansion and day-to-day operations.

The Directors are empowered to sign, execute and deliver all necessary documents, agreements, deeds, declarations, forms and other writings required in connection with sanction, availing, renewal, documentation and operation of such credit facilities.

Zelio E-Mobility Limited , a rapidly expanding electric two- and three-wheeler manufacturer, has announced the commissioning of a new manufacturing facility in Cuttack, Odisha, marking a significant milestone in its expansion across Eastern India. The company has increased its total installed production capacity for electric vehicles from 72,000 units per annum to 1,80,000 units per annum through this strategic expansion.

Strategic Expansion in Eastern India

The decision to establish the Cuttack facility follows strong demand and customer acceptance in Odisha and West Bengal, which have emerged as high-growth markets for the company. The new facility is expected to reduce delivery timelines currently extending up to a week from the Hisar facility, lower logistics costs, improve supply chain efficiency, and strengthen dealer support across Eastern and Southern India.

Comprehensive Capacity Enhancement

The substantial capacity increase has been achieved through a two-pronged approach involving both facility optimization and new plant commissioning. The expansion represents a 150% increase in the company's manufacturing capabilities.

Investment and Financial Performance

The Odisha facility has been established with an investment of under INR 3.00 crore and is operational, expected to contribute to revenue immediately. The Hisar plant capacity expansion was achieved through process-level optimization, installation of extended conveyor systems, and additional machinery with minimal incremental capital expenditure.

The expansion follows the company's strong performance, with consolidated revenue of INR 134.78 crore and net profit of INR 11.87 crore. The company successfully completed its SME IPO of INR 78.34 crore, with approximately INR 36.00 crore of unutilized proceeds earmarked for capacity expansion and new facilities.

Employment and Regional Development

The Odisha facility is expected to generate employment for approximately 60 to 100 individuals across production and operational functions, reinforcing the company's commitment to regional economic development. The plant will initially focus exclusively on electric two-wheelers, with discussions with the Odisha government regarding potential incentives and support programs ongoing.

Commenting on the expansion, Kunal Arya, Managing Director, Zelio E-Mobility, said, "Eastern India has emerged as one of our strongest growth regions, with customers showing exceptional trust in our products. Setting up the Cuttack facility brings us closer to our riders and dealers, enabling faster deliveries, lower logistics costs and improved serviceability."

Strategic Benefits and Future Outlook

The Cuttack facility will play a key role in strengthening Zelio's fast-growing dealership network across eastern and southern India by enabling faster product availability, improved after-sales responsiveness and stronger inventory support. As demand for affordable EV mobility continues to surge across Tier 2 and Tier 3 cities, the company aims to accelerate its expansion strategy with the added advantage of a regionally located production hub.

By FY26–FY27, the Odisha plant is projected to contribute a significant share to overall revenues, positioning Zelio E-Mobility to better serve the expanding electric vehicle market while maintaining operational efficiency across its manufacturing network.