INDIA —Indian electric vehicle manufacturer Ultraviolette Automotive has announced a major capital investment strategy totaling INR 10 billion over the next five years. The plans center on building a greenfield production plant in the SIPCOT industrial zone of Shoolagiri, Hosur, Tamil Nadu, while simultaneously increasing operational capacity at its flagship unit in Bengaluru, Karnataka.
Founded in Bengaluru, Ultraviolette Automotive is a high-performance electric mobility enterprise backed by major investors including TVS Motor, Zoho Corporation, Lingotto, and TDK Ventures. The company designs and manufactures premium electric two-wheelers, positioning itself at the intersection of advanced automotive engineering, local technology innovation, and sustainable urban transportation solutions.
Under the initial phase of the expansion, the newly planned Hosur facility will receive an allocation of approximately INR 7.79 billion to achieve a production capability of 250,000 units per year, with infrastructure planned to scale up to 500,000 units annually as market demand expands. Meanwhile, an investment of INR 2 billion is designated to upgrade the Bengaluru facility's throughput to 50,000 units per year. Together, these initiatives will raise total initial output to 300,000 vehicles annually by mid-2027. The project will be funded through internal cash reserves, capital expenditures, equity investments, and debt options.
This aggressive ramp-up reflects strong structural growth in India's electric mobility segment and supports regional economic development. The initial construction phase is projected to generate approximately 2,000 direct employment opportunities, strengthening Tamil Nadu's position as a hub for advanced vehicle assembly and green technology enterprise.
Strategically, the facility enhances the company's supply chain independence, incorporating automated multi-platform battery packaging assembly lines and aiming for complete localization of major components over the next three to four years. The enhanced scale allows the firm to support a broader product pipeline across multiple vehicle categories and establish a stronger footprint in global export markets.
