Shares of Supertech EV Limited surged nearly 6% on Thursday, trading at ₹59.60 on the BSE, following the company’s announcement regarding the opening of a new manufacturing facility in Harappanhali, Vijayanagar, Karnataka.
In an exchange filing, the company said the new facility will focus on the manufacturing and supply of electric scooters, e-rickshaws, and other commercial vehicles. Located at Door No. 392/1 VPC No. 560/B, the facility spans 7,875 sq. ft. and is expected to commence operations by next month.
Supertech EV highlighted that the addition of this unit will significantly expand its production capacity, enabling it to serve growing demand in India’s fast-evolving electric vehicle industry. “This new facility will enable us to expand our production capacity and better serve our customers in the EV industry,” said Yetender Sharma, Managing Director of Supertech EV, in the filing.
The announcement comes at a time when EV adoption in India is accelerating, backed by government incentives, rising fuel costs, and increasing consumer preference for sustainable mobility solutions. Analysts note that expansion in manufacturing capacity could help Supertech EV strengthen its position in the highly competitive two- and three-wheeler electric vehicle segment.
At current levels, Supertech EV shares are trading close to the upper end of their 52-week range of ₹47.10–₹73.60, with a market capitalization of ₹737.81 crore. The stock has gained momentum in recent weeks, supported by fresh orders and investor optimism around EV sector growth.
