MIC Electronics shares surges 10% on unveiling electric vehicle battery charger

In the afternoon trade on February 15, shares of MIC Electronics witnessed a sharp surge of 10% after the company unveiled its latest development—a 42V/3A electric vehicle (EV) battery charger designed for e-cycles and two-wheelers.

MIC Electronics announced that the new charger will soon be launched, with commercial operations set to commence in March. The innovation marks a significant step forward in the company’s contribution to the electric vehicle industry.

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As of 1:17 pm, the shares continued to trade on a positive trajectory, recording a 9.94% increase at ₹42.60. Investors are optimistic about the potential impact of MIC Electronics’ latest venture in the rapidly growing electric vehicle market.