1. Bhorwadi busbar and connector plant - Construction is underway on a new Pune facility for automotive busbars and connectors, with completion targeted by 30 September 2026 and an investment of approximately ₹30 crore funded through internal accruals and borrowings. This adds a new, vertically integrated revenue stream - busbars and connectors are core EV power-distribution components - with capacity coming online inside FY27.
2. Dealer network push into Tier II/III and eastern India - FY26 performance was driven by dealer-network expansion, deeper penetration across Tier II and Tier III cities - particularly in eastern India - and sustained investment in financing accessibility and after-sales infrastructure. A wider, better-supported dealer footprint directly lifts volumes in the price-sensitive commuter segments where Tunwal competes.
3. Agricultural ATV range with early commercial traction - Tunwal E-Vehicle India showcased farm-oriented ATVs and related products at Kisan Expo 2026, generating encouraging on-ground conversions and substantial lead generation from potential customers across Maharashtra and neighbouring regions. A new product category outside the core E2W commuter market opens an adjacent revenue stream with limited incremental distribution cost.
4. Telangana double-sales push - At the Telangana Dealers Meet, the Sales Head for Maharashtra outlined strategies to double sales in a state that has already become a key revenue contributor. A focused, state-level sales acceleration plan in an established market can lift volumes without the fixed-cost burden of entering new geographies.
5. IPO-funded R&D spend still flowing - Out of the ₹81.72 crore IPO proceeds, ₹105.71 lakhs remained pending for R&D as of 31 March 2026. Continued R&D investment into battery efficiency, charging times, and smart connectivity supports product differentiation and margin improvement in a crowded E2W market.
6. Pune warehouse operational - A leased warehouse at Kore Gaon Bhima, Pune commenced operations on 1 August 2025. Adding dedicated warehousing in a major automotive hub improves parts availability and logistics for the expanding Maharashtra dealer network, reducing delivery lead times.