Tunwal E Vehicles
Tunwal E-Motors is an Indian manufacturer of low-speed electric two-wheelers and three-wheelers, selling 12+ models through 400+ authorised dealers across 19 states to mass-market commuters, senior citizens, and small commercial operators in Tier II and III cities.
- Company typePublic
- Founded2018
- HeadquartersPune, India
- Headcount51–100
- GTM typeB2C
- OfferingHardware or Manufacturing
What Tunwal E Vehicles does
Tunwal E-Motors is an Indian electric two-wheeler and three-wheeler manufacturer that designs, assembles, and distributes low-speed electric vehicles primarily through an authorised dealer network rather than direct online sales. The company's product portfolio spans 12+ models — including the Alfa Lite, Sport 63, Mini Lithino, Storm ZX, Storm XL, Alfa Pro, Roma N, Lithino Pro, E-Boat, and the Storm Advance 1 and 2 three-wheelers — all built around a 250W BLDC hub motor with IP65-rated electricals and offered with lead-acid or lithium-ion battery packs ranging from ₹41,222 to ₹1,44,100 ex-showroom. Every model is positioned as a Non-RTO low-speed EV (max 25 km/h), removing driving licence and registration requirements and targeting first-time EV buyers in Tier II, Tier III, and non-metro cities where adoption barriers are lowest.\n\nThe company manufactures at its own Palsana, Rajasthan plant under a Make-in-India positioning, with a secondary assembly line at Sanaswadi, Pune, and corporate headquarters in Pune. Revenue is generated almost entirely through hardware sales — 69,737 vehicles sold in the last fiscal year — distributed via 400+ authorised dealers across 19 Indian states, with the network publicly committed to expand to 1,000+ outlets by FY27. Tunwal supplements dealer sales with on-the-spot financing integrations (Bajaj Finserv, MoneyView) and bundled ride protection insurance (Go Digit General Insurance) at the showroom, while its website and WhatsApp Business channel serve as demand-generation and dealer-routing mechanisms rather than direct e-commerce.\n\nTunwal is a publicly listed company on NSE (ticker: TUNWAL) with SEBI filings and a dedicated investor relations function. Leadership is founder-led under Chairman and Managing Director Jhumarmal Pannaram Tunwal, supported by Whole-Time Directors overseeing sales/marketing and manufacturing, a CFO, and three independent directors. FY26 financials reported ₹276.84 crore in revenue (55% YoY) and ₹12.73 crore in net profit (57.4% YoY), with consolidated net worth of ₹125.74 crore as of March 31, 2026. The company's core commercial claims — ₹0.15/km running cost versus ~₹2.60/km for petrol, and 10 Lakh+ happy riders — anchor a value proposition built on affordability, all-weather durability, and home-socket charging rather than on connected-software or AI-driven differentiation.
Tunwal E Vehicles firmographics
Firmographics- Name
- Tunwal E Vehicles
- Legal name
- Tunwal E-Motors Private Limited
- Website
- https://tunwal.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Tunwal E-Motors is an Indian manufacturer of low-speed electric two-wheelers and three-wheelers, selling 12+ models through 400+ authorised dealers across 19 states to mass-market commuters, senior citizens, and small commercial operators in Tier II and III cities.
- Ownership category
- akta.pro rank
Tunwal E Vehicles industry classification
Industry- Product category
- Electric Two-Wheeler Manufacturing
- NAICS
- Motorcycle, Bicycle, and Parts Manufacturing (336991)
- SIC
- Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- E-Scooters (Stand-Up) (CRACASAB)
- akta.pro secondary industry
- E-Mopeds & Light Electric Motorbikes (Consumer) (CRACASAG)
Keywords
Where Tunwal E Vehicles is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Tunwal E Vehicles business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Electric Two-Wheeler Sales: Primary revenue from manufacturing and selling electric two-wheelers and three-wheelers through a network of 400+ authorised dealers across 19 states. Models range from entry-level low-speed scooters (Alfa Lite from ₹44,993 ex-showroom) to higher-specification variants (Storm Advance 2 at ₹1,44,100 ex-showroom). Revenue grew 55% year-on-year to ₹276.84 crore in FY26.
- Electric Three-Wheeler Sales: Sale of electric three-wheelers (Storm Advance 1 and Storm Advance 2) designed for senior citizens and differently-abled riders, as well as cargo commercial use. These contribute to the overall hardware sales revenue stream through the same dealer network.
- Financing Partnerships (Revenue Adjacent): While not a direct revenue stream, Tunwal drives sales conversion through financing partnerships with Bajaj Finserv, MoneyView and other lenders, offering EMIs starting from ₹1,454/month. These partnerships facilitate higher-value transactions and wider accessibility, supporting volume growth.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Mini Lithino — entry-level compact scooter from ₹41,222 |
| Unit Pricing | Pay-as-you-go | Sport 63 — budget-friendly from ₹44,777 |
| Unit Pricing | Pay-as-you-go | Alfa Lite — entry-level from ₹44,993 |
| Unit Pricing | Pay-as-you-go | Storm ZX — rugged flagship from ₹55,993 |
| Unit Pricing | Pay-as-you-go | Alfa Pro — long-range from ₹60,888 |
| Unit Pricing | Pay-as-you-go | Storm XL — mid-range from ₹64,888 |
| Unit Pricing | Pay-as-you-go | Roma N — premium styling from ₹64,993 |
| Unit Pricing | Pay-as-you-go | Lithino Pro — city commuter from ₹68,990 |
| Unit Pricing | Pay-as-you-go | E-Boat — commercial cargo from ₹68,500 |
| Unit Pricing | Pay-as-you-go | Storm Advance 1 — three-wheeler from ₹1,24,100 |
| Unit Pricing | Pay-as-you-go | Storm Advance 2 — three-wheeler premium from ₹1,44,100 |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels7 records
Tunwal E Vehicles product offering
Product offeringCore offering
Tunwal E-Motors designs, manufactures and distributes a portfolio of 12+ low-speed electric two-wheelers and three-wheelers through a 400+ dealer network across 19 Indian states. All models use a 250W BLDC motor with IP65-rated electricals, are offered with lead-acid or lithium-ion batteries, and charge from standard Indian household sockets. The lineup spans entry-level scooters (Alfa Lite from ₹44,993 ex-showroom), long-range commuters (Alfa Pro, Lithino Pro), rugged flagships (Storm ZX, Storm XL), retro-styled variants (Roma N), a high-load commercial scooter (E-Boat), and three-wheelers for senior citizens and cargo use (Storm Advance 1 and 2).
Product overview
Tunwal E-Motors is an Indian electric vehicle manufacturer offering a portfolio of 12+ electric two-wheelers and three-wheelers designed and manufactured at their Palsana, Rajasthan plant. The product lineup includes: low-speed electric scooters (Alfa Lite, Sport 63, Mini Lithino, Storm ZX, Storm XL, Alfa Pro, Roma N, Lithino Pro) that require no licence or registration, a commercial electric vehicle (E-Boat) with higher load capacity, and electric three-wheelers (Storm Advance 1, Storm Advance 2) for senior citizens and differently-abled riders. All models feature 250W BLDC motors, IP65 waterproof ratings, and come with 1-Year Comprehensive Warranty, supported by a network of 400+ dealers across 19 states.
Differentiator
Problem solved
Functional benefit
Products and services
- Mini Lithino Compact and lightweight low-speed electric scooter designed for short city commutes and traffic navigation, available in 10" and 12" tyre options with a 50–55 km certified range per charge. Sold through Tunwal's 400+ authorised dealer network.
- Sport 63 Budget-friendly low-speed electric scooter offering affordable electric mobility from ₹44,777 ex-showroom. No licence or registration required.
- Alfa Lite Value-oriented low-speed electric scooter with a 60–70 km certified range per charge, featuring anti-theft functionality and a simple, efficient design for short-distance travel.
- Storm ZX Rugged full-featured flagship low-speed electric scooter with a 250W BLDC motor, IP65 waterproof rating, double-axle configuration, and a 50–75 km certified range on the lithium-ion battery.
- Alfa Pro Long-range low-speed electric scooter delivering up to 100 km on a single lithium-ion charge, with USB charging, remote lock key, and tubeless tyres in 10" and 12" options.
- Storm XL Full-size flagship low-speed electric scooter with extended range capabilities and a rugged build for demanding roads.
- Roma N Premium retro-inspired low-speed electric scooter with a dependable lead-acid drivetrain offering 60–70 km range, USB charging, and remote lock key.
- Lithino Pro
Quantifiable outcome
- 55% year-on-year revenue growth to ₹276.84 crore in FY26, with 57.4% net profit increase to ₹12.73 crore
- +3 more outcomes
Companies that use Tunwal E Vehicles
Customer profileSegments4 records
Ideal customer profiles3 records
Tunwal E Vehicles technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature8 records
Tunwal E Vehicles partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered supporting.
- Zoho (CRM)supportingZoho is used as Tunwal's CRM platform for managing customer enquiries, dealer routing, and post-sale support workflows.
- Google (Analytics + Maps)supportingGoogle Analytics and Google Maps are used on tunwal.com — Analytics for understanding website usage and Maps for the dealer locator feature.
- WhatsApp BusinesssupportingWhatsApp Business is used for customer engagement — handling enquiries, test ride bookings, service requests, and dealer routing. It is a primary customer communication channel.
- MSG91supportingMSG91 is Tunwal's SMS service provider, used for transactional SMS confirmations and reminders related to test rides, enquiries, and service tickets.
- RazorpaysupportingRazorpay is Tunwal's payment processing partner for online transactions on the website (EMI applications, test ride bookings, dealer payments).
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Tunwal E Vehicles competitors and assessment
Company assessmentEmerging players
- Simple Energy: Bengaluru-based emerging electric scooter startup (Simple One) targeting the Indian high-speed e-scooter segment. Comparable to Tunwal as an India-focused EV two-wheeler player but at a different price-performance tier.
Direct peers
- Ampere Vehicles: Subsidiary of Greaves Cotton, Ampere manufactures affordable electric scooters primarily for Indian mass market. Comparable to Tunwal in low-speed EV positioning, pricing, and reliance on dealer networks.
- Bounce Infinity: Indian electric scooter maker with battery-swap and scooter-sales models, targeting similar price-sensitive commuter segment. Comparable to Tunwal in mass-market e-scooter positioning and Indian dealer-led distribution.
- Hero Electric: One of India's largest electric two-wheeler manufacturers with a portfolio spanning low-speed and high-speed scooters. Most directly comparable to Tunwal in mass-market e-scooter positioning and dealer-led distribution across Indian cities.
- Komaki: Indian low-speed electric scooter and three-wheeler manufacturer focused on affordable EVs for Tier II/III markets. Highly comparable to Tunwal in product mix (low-speed scooters, three-wheelers) and target customer profile.
- Okinawa Autotech: Indian low-speed and high-speed electric scooter manufacturer competing in similar price tiers (₹40K–₹1L+) with dealer-led distribution. Closely comparable to Tunwal in target customer (Tier II/III commuters) and product mix.
Broad incumbents
- Ather Energy: Premium Indian electric scooter maker (450X series) with strong tech and brand positioning. Overlaps with Tunwal as a broad Indian e-scooter incumbent but operates in a different price-and-performance tier.
- Ola Electric: India's largest high-speed electric two-wheeler manufacturer with S1 series scooters. Broad incumbent in Indian e-scooter space; competes with Tunwal for EV two-wheeler share but targets higher-speed premium segment.
- Bajaj Auto (Chetak Electric): Established Indian two-wheeler giant re-entered EVs via Chetak Electric. Operates broadly in Indian two-wheeler market and is also a parent of key Tunwal finance partner Bajaj Finserv — making it both a competitor and ecosystem participant.
- TVS Motor Company (iQube): Incumbent Indian two-wheeler OEM with iQube electric scooter line. Broad incumbent in Indian e-scooter space; competes for premium EV share that Tunwal could aspire to migrate customers toward.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Tunwal E Vehicles social profiles
Digital presenceTunwal E Vehicles financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tunwal E Vehicles leadership team
Management profileNumber of profiles
Profiles7 records
Tunwal E Vehicles funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tunwal E Vehicles M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tunwal E Vehicles
What does Tunwal E Vehicles do?
Tunwal E-Motors designs, manufactures and distributes a portfolio of 12+ low-speed electric two-wheelers and three-wheelers through a 400+ dealer network across 19 Indian states. All models use a 250W BLDC motor with IP65-rated electricals, are offered with lead-acid or lithium-ion batteries, and charge from standard Indian household sockets. The lineup spans entry-level scooters (Alfa Lite from ₹44,993 ex-showroom), long-range commuters (Alfa Pro, Lithino Pro), rugged flagships (Storm ZX, Storm XL), retro-styled variants (Roma N), a high-load commercial scooter (E-Boat), and three-wheelers for senior citizens and cargo use (Storm Advance 1 and 2).
Is Tunwal E Vehicles a public or private company?
Tunwal E Vehicles is a public company. It is classified as public and is currently operating.
When was Tunwal E Vehicles founded?
Tunwal E Vehicles was founded in 2018. It employs 51 to 100 people.
Where is Tunwal E Vehicles based?
Tunwal E Vehicles is headquartered in Pune, India, in the Asia region.
How does Tunwal E Vehicles make money?
Three revenue lines are on record. Electric Two-Wheeler Sales are the primary driver. The others are electric Three-Wheeler Sales and financing Partnerships (Revenue Adjacent).
Who are Tunwal E Vehicles's main competitors?
Simple Energy is listed as an emerging player. Direct peers are Ampere Vehicles, Bounce Infinity, Hero Electric, Komaki and Okinawa Autotech. Broad incumbents are Ather Energy, Ola Electric, Bajaj Auto (Chetak Electric) and TVS Motor Company (iQube).
Does Tunwal E Vehicles have an API?
No public API is recorded for Tunwal E Vehicles.
What industry is Tunwal E Vehicles in?
Tunwal E Vehicles's product category is Electric Two-Wheeler Manufacturing. Its primary akta.pro industry code is CRACASAB, E-Scooters (Stand-Up), with a secondary code of CRACASAG, E-Mopeds & Light Electric Motorbikes (Consumer). Its NAICS code is 336991 and its SIC code is 3751.