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Pune-based electric mobility company Tunwal E-Motors Ltd has reported strong financial performance for the financial year 2025-26, with revenue from operations rising 55% year-on-year to Rs 276.84 crore, compared to Rs 178.59 crore in FY25.
The company's profit before tax (PBT) stood at Rs 17.02 crore during the year, while profit after tax (PAT) increased by 57.4% to Rs 12.73 crore from Rs 8.09 crore in the previous financial year. Earnings per share (EPS) also improved significantly, rising to Rs 2.21 from Rs 1.40 a year earlier.
As of March 31, 2026, Tunwal E-Motors' consolidated net worth strengthened to Rs 125.74 crore, reflecting the company's improved financial position.
The company attributed its strong performance to the continued expansion of its dealer network, deeper market penetration across Tier II and Tier III cities, particularly in eastern India, and investments in financing accessibility, after-sales service, and customer support infrastructure.
According to the company's management, FY26 was a significant year marked by robust business growth and progress in strengthening operational capabilities. Tunwal remains focused on building a scalable and customer-centric ecosystem that supports wider electric vehicle adoption across India.
The company noted that India's electric mobility sector continued to gain momentum during FY26, driven by rising fuel prices, supportive government policies, increasing consumer awareness, and growing demand for sustainable transportation solutions. Industry estimates indicate that the electric two-wheeler segment grew by around 22% during the year, while Tunwal's 55% revenue growth significantly outperformed the broader market.
Founded in 2018 and headquartered in Pune, Tunwal E-Motors manufactures electric two-wheelers and three-wheelers targeted at students, daily commuters, and small business owners. The company focuses on providing affordable electric mobility solutions with low operating and maintenance costs.
