Victory Electric Vehicles International Limited
NNSE:VICTORYEV12.65
INR
+0.25
(+2.02%)
Victory Electric Vehicles International Limited
NSE:VICTORYEV
(National Stock Exchange of India)
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12.65
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ROIC.AI
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- Business
- Victory Electric Vehicles International Limited is an India-based clean mobility and electric vehicle manufacturing company engaged in the design, assembly, production, and distribution of electric vehicles, clean-energy commercial transportation solutions, and associated automotive components. The company operates across distinct automotive and green energy business segments, providing a comprehensive product and service portfolio that includes electric two-wheelers, comprising low-speed and high-speed commuter electric scooters, personal urban mobility units, and electric motorcycles; electric three-wheelers, consisting of battery-operated passenger e-rickshaws, public transit e-autos, and specialized heavy-duty cargo e-loaders developed for commercial freight, municipal transport, and last-mile delivery logistics; electric vehicle components and powertrain equipment, such as lithium-ion battery packs, advanced battery management systems (BMS), electric traction motors, digital motor controllers, electronic wiring harnesses, and charging connectors; and supporting EV ecosystem services, encompassing residential and commercial AC/DC charging stations, battery diagnostics, authorized aftermarket maintenance, component replacement services, and turnkey fleet electrification solutions for institutional clients. The company serves retail commuters, independent transport operators, commercial logistics providers, e-commerce delivery fleets, and municipal agencies across India through a multi-tier network of authorized dealerships, regional assembly units, and certified service centers. In recent developments, the company completed a comprehensive strategic reorganization and corporate rebranding to concentrate core operations exclusively on the electric mobility and clean energy sector; introduced extended-range electric two-wheeler models and upgraded heavy-payload commercial cargo three-wheelers with modular battery-swapping capabilities; formed strategic partnerships with domestic component manufacturers for the localized sourcing of high-density battery cells and drive systems; broadened its geographic retail reach through new distribution and dealership agreements across key tier-2 and tier-3 markets; and initiated facility modernization programs and capital-raising initiatives to expand vehicle assembly capacity, accelerate regulatory homologation, and support proprietary charging network deployment. Founded in 1994, Victory Electric Vehicles International Limited is headquartered in Mumbai, Maharashtra, India.