Electra EV eyes threefold growth as commercial EV demand surges

Electra EV expects to triple its business to around ₹600 crore in FY27, after posting ₹200 crore in FY26, and sees potential for another threefold growth next year. The Ratan Tata-founded EV component maker is seeing strong demand across electric LCVs, buses, trucks, three-wheelers and battery energy storage systems (BESS), with BESS expected to contribute about a third of revenue.