Industry Odisha Bureau, Sep 12: Ultraviolette expects electric motorcycles to reach 20% of India’s market. The company is investing ₹779 crore in a new Hosur plant. Electric motorcycles today account for just 1%.
Electric motorcycles make up just 1% of India’s market. Ultraviolette expects that share to reach 20% soon. The company sees this happening within two to three years. Co-founder and CEO Narayan Subramaniam outlined the forecast.
Electric Motorcycles Target 20% Share
Subramaniam believes motorcycles could follow electric scooters. Scooters saw electric adoption accelerate rapidly in recent years. More manufacturers are now entering the motorcycle segment. That is giving consumers greater choice, he suggested. Fuel prices, regulation and improving EV economics also help. “What happened with scooters is now starting to happen with motorcycles,” he said. He expects the shift within two to three years.
India’s Motorcycle Market Remains Vast
India’s motorcycle market remains enormous by comparison. More than 4.3 million motorcycles sold in four months. That covers the first four months of 2026-27. SIAM, the industry body, provided the figure.
Ultraviolette Invests ₹779 Crore
Ultraviolette is preparing for a sharp rise in volumes. It plans to invest ₹779 crore over five years. A new manufacturing facility is coming up in Tamil Nadu. The plant will be located near Hosur.
Hosur Plant Targets 500,000 Capacity
The first phase will have capacity for 250,000 units annually. That could eventually expand to 500,000 units. Ultraviolette’s existing facility produces about 50,000-60,000 units annually. Combined capacity could reach around 300,000 units within three years. The company targets roughly 500,000 units within five years.
New EVs Target Below ₹2 Lakh
Ultraviolette is also broadening its product portfolio. It currently sells the F77 sports motorcycle. Its range also includes the X47 crossover. The Shockwave motorcycle and Tesseract scooter are due shortly. Two more products will follow those launches. That would take the portfolio to six models. CTO Niraj Rajmohan outlined this within two years. Upcoming products will be priced below ₹2 lakh. That would make them more accessible than existing models.
Production Must Scale With Ambition
Current output remains modest, at 600-700 vehicles monthly. Ultraviolette expects that to reach around 1,000 units soon. With new products, it expects demand near 10,000 units monthly. That would mark a significant jump from today’s output. Motorcycles and scooters are expected to split volumes evenly.
Subramaniam said the company is well capitalised. TVS Motor holds a 26% stake in Ultraviolette. Other investors include Lingotto, TDK Ventures and Qualcomm Ventures. Zoho Corporation and Speciale Invest have also invested.
Ultraviolette Expands Beyond India
Ultraviolette already operates in 20 European countries. It plans to enter North America next. Latin America is also part of its expansion plans. Both markets will initially be served through distributors.
Ultraviolette’s forecast assumes rapid growth in EV demand. Its factory and product plans are built around that bet. Current production remains far below its future targets. The next few years will test both adoption and execution.
