Electric two-wheeler manufacturer Tunwal E-Motors Limited reported strong financial results 2026, driven by rapid expansion of its distribution network, growing demand for electric mobility, and deeper market penetration across India.
The NSE-listed company posted revenue from operations of ₹276.84 crore for FY2025-26, marking a robust 55% year-on-year increase from ₹178.59 crore in the previous fiscal year. Profit Before Tax (PBT) stood at ₹17.02 crore, while Profit After Tax (PAT) rose to ₹12.73 crore.
Tunwal also reported consolidated earnings per share (EPS) of ₹2.21 and a strengthened consolidated net worth of ₹125.74 crore, reflecting improved financial stability and supporting the company’s future growth and expansion plans.
The company attributed its performance to the continued expansion of its dealer network, increased presence in Tier II and Tier III cities, and growing traction in eastern India. Investments in financing solutions, after-sales services, and customer support infrastructure also helped enhance the ownership experience and drive customer adoption.
Commenting on the results, Jhumarmal Tunwal said FY2025-26 was a landmark year for the company, characterized by strong business growth and significant progress in strengthening operational capabilities.
“While the EV industry continues to evolve rapidly, our focus remains on building a scalable and customer-centric ecosystem that supports wider electric vehicle adoption across India,” he said. “We remain committed to expanding our reach, enhancing customer experience, and investing in innovation that creates long-term value for all stakeholders.”
India’s electric mobility sector maintained strong momentum during the year, supported by rising fuel prices, favorable government policies, increasing environmental awareness, and broader acceptance of sustainable transportation solutions. Industry estimates suggest that the electric two-wheeler segment grew by approximately 22% during FY2025-26.
Against this backdrop, Tunwal’s 55% revenue growth significantly outpaced the broader market, highlighting the company’s strengthening brand recognition and ability to capitalize on emerging opportunities in a highly competitive environment.
The company’s performance is particularly notable given ongoing industry challenges, including subsidy transitions, pricing pressures, and evolving consumer preferences. By focusing on accessibility, service quality, and distribution expansion, Tunwal has positioned itself to benefit from the continued growth of India’s electric vehicle market.
With a stronger balance sheet, expanding footprint, and increasing customer acceptance, Tunwal E-Motors appears well-positioned to continue its growth trajectory as electric mobility adoption accelerates across the country.
