Mercury EV-Tech Limited, a trailblazer in India’s electric vehicle and renewable energy sector, is rapidly strengthening its foothold in the southern market with the launch of three new showrooms. This expansion represents a major milestone in the company’s ambitious growth strategy, reinforcing its commitment to increasing accessibility and delivering its innovative EV solutions to a wider customer base.
The inauguration events for these new showrooms were marked by enthusiastic celebrations, reflecting Mercury EV-Tech’s confidence in the rising demand for sustainable mobility in South India. With these additions, the company is strategically positioning itself to better engage with consumers across key regions where the adoption of electric vehicles is gaining remarkable momentum.
This South India expansion comes shortly after the successful launch of its new showroom in Gujarat, located at Mahadev E-Vehicle, Opp. Ashtha Bakery, Vadi Plot, Porbandar. The back-to-back openings underscore the company’s aggressive nationwide expansion plan and its goal to enhance customer outreach across India.
Supporting this expansion is Mercury EV-Tech’s strong financial performance in FY26. In the second quarter alone, the company recorded a 51% surge in net sales, reaching ₹34.01 crore, along with a 35% rise in net profit, which stood at ₹1.72 crore compared to Q1 FY26. The half-yearly figures present an even more impressive trajectory: net sales skyrocketed by 142% to ₹56.58 crore, and net profit increased by 43% to ₹2.99 crore in H1 FY26 versus H1 FY25. These numbers highlight the company’s strong market demand, operational efficiency, and financial resilience.
Founded in 1986, Mercury EV-Tech Limited has steadily evolved into a diversified EV and renewable energy powerhouse. Its product portfolio includes electric scooters, cars, and buses, complemented by specialised offerings such as Electric Vintage cars and Golf carts. The company is also well-known for producing customised EVs for hospitality, tourism, industrial logistics, and other specialised applications, making it a preferred solutions provider across multiple sectors.
As the electric mobility revolution gains traction across India, Mercury EV-Tech’s strategic expansion and robust financial health signal a promising future. With its growing network, diverse EV offerings, and customer-focused approach, the company is well-positioned to accelerate clean mobility adoption and strengthen its presence in the rapidly evolving EV ecosystem.
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