Enigma Electric Vehicles, one of India’s leading indigenous EV manufacturers, has reported an impressive 300% year-on-year growth in turnover for FY 2024–25, underscoring its rising market presence and growing consumer trust in sustainable mobility solutions.
During the fiscal, Enigma sold nearly 4,000 electric two-wheelers, driven by a strengthened dealership network and robust consumer demand for eco-friendly last-mile transportation. The company expanded its dealership base from 35 in FY24 to 65 in FY25, and currently operates through 80 active dealerships nationwide.
The brand also deepened its geographic reach, entering new territories such as Hyderabad, Bihar, Rajasthan, and Maharashtra. Markets like Tamil Nadu and Delhi emerged as strong growth drivers, reflecting a shift among customers from larger brands to agile, trusted players. Its flagship GT450 scooter was the year’s bestseller.
Commenting on the milestone, Anmol Bohre, Co-founder and Managing Director, said:
“Enigma’s decade-long journey has been built on consistent product excellence and customer trust. As we move into the B2B space and support the gig economy, we are doubling down on innovation, efficiency, and sustainability. Our goal is not just to grow, but to grow responsibly—creating real impact through cleaner mobility.”
Alankrit Bohre, Co-founder and COO, added:
“This 300% revenue growth reflects the agility with which we’ve adapted to market needs. From serving government clients like the Indian Army and BARC to offering reliable EVs for gig workers, Enigma is proud to be at the forefront of India’s EV transition.”
Looking ahead, Enigma plans to sell 10,000 units over the next two years, with a sharper focus on B2B partnerships for last-mile delivery and gig economy workers. The company already works with six government clients, including the Indian Army, Indian Air Force, and BARC, highlighting its credibility in high-stakes mobility solutions.
Founded in 2015, Enigma continues to invest in product R&D, innovation, and post-sales service, aiming to position itself as a future-ready EV brand that makes sustainable mobility accessible for both commuters and delivery partners.
