Supertech EV

About the Company

Incorporated in 2022, Supertech EV Limited is a Haryana-based electric vehicle manufacturer engaged in the design, manufacturing, and distribution of electric two-wheelers and E-rickshaws. The company acquired the business operations of “Supertech Inc,” a proprietorship firm established in 2005, consolidating E-rickshaw manufacturing operations in April 2023. Supertech EV offers a portfolio of 12 models including 8 variants of EV 2-wheelers and 4 variants of E-rickshaws through a robust distribution network of 445 distributors across 19 states. The company sources raw materials from domestic suppliers for E-rickshaws and imports CKD components from China for two-wheeler assembly, positioning itself as a significant player in India’s electric mobility market with a focus on delivering affordable and technologically advanced solutions.

Strengths

• Offers 12 diverse electric vehicle models, including E-rickshaws and E-scooters, driving growth through innovation and a strong distributor network.
• A network of 445 distributors nationwide ensures broad market reach and strong customer satisfaction.
• The business model combines flexible in-house manufacturing with strategic outsourcing and a strong distributor network to ensure quality and market reach.
• Quality is ensured through dedicated teams monitoring both in-house and sourced products.
• Committed to sustainability, the company’s electric vehicles promote eco-friendly transportation for a cleaner, greener future.

Risks

• Risks from new EV development include costs, delays, competition, quality, and regulations impacting brand and finances.
• Failure to obtain, renew, or maintain necessary regulatory approvals and permits may disrupt operations and adversely affect financial performance.
• Unregistered logo may lead to brand infringement, legal risks, and loss of brand value. Consistently negative cash flows may strain liquidity, disrupt operations, and hinder the execution of growth plans.
• Dependence on third-party suppliers without firm commitments or exclusive arrangements may disrupt raw material supply, affecting production, revenue, and financial stability.
• Pricing pressure from distributors may reduce margins and, if not offset by cost efficiencies, could adversely impact profitability and financial condition.
• Past delays in statutory filings and payments may attract regulatory action, potentially impacting business and financial operations.