1 month ago
Ultraviolette Expands Capacity for Tesseract Scooter Launch
Ultraviolette, a company that makes high-end electric two-wheelers, is getting ready for big growth.
They are building more factories to make 1.5 lakh vehicles every year, up from 50,000-60,000 now.
This is because they are launching a new electric scooter called Tesseract, which already has over 80,000 people wanting to buy it.
They are also opening more stores across India to sell their vehicles.
The company wants to sell 1,000 vehicles every month by the end of this year.
Ultraviolette is also planning to sell their scooters in more countries around the world.
Ultraviolette is expanding its production capacity to 1.5 lakh units annually from the current 50,000-60,000 units.
The company plans to launch its first electric scooter, Tesseract, in the first quarter of 2027.
Over 80,000 bookings have been received for the Tesseract scooter.
Ultraviolette aims to increase its retail footprint to 100 experience centres by the end of the year.
The company targets monthly sales of 1,000 units by the end of 2026.
- Who
- Ultraviolette Automotive
- What
- Expanding production capacity and retail footprint ahead of Tesseract scooter launch
- Where
- Bengaluru, India, with plans for global expansion
- When
- By the end of 2026 and first quarter of 2027
- Why
- To meet domestic and international demand for Tesseract and other upcoming products
Expansion Optimists
Expansion Skeptics
Market Demand
Expansion Optimists
The 80,000 bookings for Tesseract indicate strong market demand, justifying the expansion.
Expansion Skeptics
High bookings may not translate to actual sales, making the expansion a risk.
Global Expansion
Expansion Optimists
Expanding production supports global ambitions and diversifies market risk.
Expansion Skeptics
Focus should remain on the domestic market until stability is achieved.
Key facts
- Current Annual Production Capacity
- 50,000-60,000 units
- Expanded Annual Production Capacity
- 1.5 lakh units
- Current Experience Centres
- 45
- Target Experience Centres by Year-End
- 100
- Current Monthly Sales
- Over 600 units
- Target Monthly Sales by Year-End
- 1,000 units
- Tesseract Bookings
- Over 80,000
- Export Countries
- 19
Quotes
Narayan Subramaniam
CEO and Co-founder of Ultraviolette Automotive
“The current facility is designed for about 50,000-60,000 vehicles annually. Phase two will take us to 1.5 lakh units a year, largely in preparation for scaling up our scooter portfolio.”
thehindubusinessline.com
Sources
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