Electric vehicle manufacturer EKA Mobility plans a ₹2,000 crore investment over three years to scale production of electric trucks, buses, and six-seater vehicles. With an order book of 11,000 buses valued at $2 billion, the firm targets ₹2,800 crore in revenue by FY27. Investors in the EV sector should track the company’s ability to execute these large orders amid infrastructure dependency.
EKA Mobility, a commercial electric vehicle (EV) manufacturer backed by Pinnacle Industries, has announced a significant capital expenditure plan of ₹2,000 crore over the next three years. This investment is directed at expanding manufacturing capacity for its electric buses, heavy electric trucks, and six-seater vehicles designed for rural transport. The move follows the company’s success in securing a substantial order book of 11,000 buses, valued at approximately $2 billion, which includes long-term service agreements spanning 12 years.
The company has set a goal to achieve a combined annual revenue of ₹2,800 crore by fiscal year 2027. To support this growth, management plans to expand its operational footprint to 45 cities, increasing its current network of 20 depots by an additional 80 facilities within the next 18 months. The firm’s strategy emphasizes modular manufacturing and proprietary software, which it uses to optimize vehicle architecture and reduce operating costs.
While the company has a strong order pipeline, the speed of actual revenue realization remains tied to the readiness of public charging infrastructure and depot deployment. This is a common challenge for the electric commercial vehicle segment in India, where project execution often depends on the state of power grid readiness and site development by state transport authorities. As such, the pace of delivery will be a key performance monitorable for the company and its peers.
Beyond public transit, the firm is moving into the heavy electric truck segment, targeting point-to-point logistics. Management has stated that electric freight, particularly for fixed-load operations, offers potential cost savings over diesel alternatives. Simultaneously, the company is expanding into the rural sector with six-seater EVs designed for connectivity between smaller towns and transport hubs. These units are being marketed for their low operating costs and compatibility with standard electrical charging points.
The Indian electric bus and commercial vehicle market is becoming increasingly competitive, with established players such as Tata Motors, Ashok Leyland, Olectra Greentech, and JBM Auto aggressively securing government tenders. EKA Mobility’s entry into heavy trucks and rural transport represents a diversification effort to capture demand outside of the central city-bus tenders. The firm has confirmed that it has finished its current funding cycles and is not planning to raise further capital at this time. The industry will closely watch how EKA manages the execution of its large order backlog and maintains uptime across its operational fleet as it scales these new vehicle segments.