1. Gigafactory 6 GWh commissioning - The 6 GWh cell plant is being commissioned in Q2 FY27, with production restarting after a 2-3 month pause for installation. At full output this supports \~1.2 million products a year and gives management a 10-15% cost advantage over bought cells.
2. Shakti BESS revenue ramp - Shakti Gen 2, launched 15 August 2026 on LFP cells, starts rolling out this quarter with gross margins expected healthier than Auto. Management guides ₹1,000-1,200 crore FY27 revenue for Shakti, against total company revenue of ₹455 crore in Q1 FY27.
3. Mahashakti utility-scale storage - Mahashakti launched 15 August 2026, with the first MoU signed with Axis Energy on 5 August for up to 20 GWh by 2032. Early revenue is expected in Q3-Q4 FY27, opening a market India will need 400+ GWh of by 2032.
4. In-house cell migration - The full vehicle portfolio transitions to own 4680 and 46100 cells by September 2026, with \~20% staying NMC and the rest moving to LFP. This creates baseline captive demand of 2-3 GWh annually and locks in the cell cost advantage.
5. Dealer network expansion - First dealerships go live 4 September 2026, with 1,200+ expressions of interest received within 24 hours of announcement. Dealers become the volume backbone ahead of Diwali, replacing the company-owned-only model that capped reach.
6. Sales recovery momentum - Q1 FY27 deliveries nearly doubled QoQ to \~39,200 units, with market share up from 5.1% to 8.4%. Management targets rebuilding national share to 15-20% over six months, with production ramp-up requiring no new capex.
7. Roadster motorcycle ramp - Roadster deliveries rose 67% QoQ in Q1 FY27, with the 9.1 kWh variant's demand exceeding supply due to 4680-cell shortage. The price cut to ₹1,29,999 puts electric bikes at par with entry ICE motorcycles, and bikes are over 65% of the 2W market.
8. Parts business scale-up - Parts revenue is \~2% of total versus the industry's 10-15%, with gross margins above 50% expected. Management expects parts to reach 5-6% of revenue in a couple of quarters, adding 2-3 points of gross margin.
9. PLI incentive expansion - The Roadster X+ 4.5 kWh received PLI-Auto certification in April 2026, the first motorcycle in the portfolio. Once all products carry PLI, total PLI revenue adds 7-8 points to gross margin.