Tunwal E Motors Ltd, founded in October 2018, is a trailblazer in the electric vehicle industry, committed to designing smart, economical, and premium electric two-wheelers. Its state-of-the-art manufacturing facility in Palsana, Rajasthan, reflects the company’s dedication to delivering cutting-edge automotive technology for a sustainable future. With zero emissions, Tunwal’s EV bikes provide cost-effective, hassle-free, and eco-friendly transportation solutions, helping promote a cleaner, greener planet.
Recognized for its innovation and excellence, Tunwal E vehicle entered the Limca Book of Records in 2019 and has since grown its presence through 450 dealership appointments, achieving sales exceeding ₹90 crores. With a network of 256 dealers across 19 states, the company ensures comprehensive after-sales support, building strong customer relationships nationwide. By incorporating advanced features like smart connectivity and regenerative braking, Tunwal E Motors is setting new benchmarks in the electric vehicle market, driving India towards a more sustainable future.
Below are excerpts from an interview with Dr.Jhumarmal Tunwal, Chairman and MD of Tunwal E Motors Ltd., discussing their IPO journey and future strategy.
Q. Can you share the journey of Tunwal E Motors so far, from its inception to becoming a key player in the electric vehicle industry?
Since founding Tunwal E Motors in 2018, our journey has been a remarkable testament to resilience and innovation. Starting from humble beginnings in Gandhinagar, Gujarat, we have emerged as a leading name in eco-friendly transportation. Despite facing significant challenges, such as the devastating fire that destroyed our factory, we rebuilt stronger and more determined.
Today, our state-of-the-art facility in Palsana, Rajasthan, symbolizes our unwavering commitment to advancing electric mobility in India. Driven by a vision to replace gasoline bikes with battery-operated vehicles, we have consistently prioritized quality, safety, and affordability. Our relentless focus on innovation and customer satisfaction has allowed us to set new benchmarks in the industry.
As we continue to grow, our mission remains clear: to lead India’s transition to sustainable transportation by offering cutting-edge electric vehicles that redefine performance and convenience. The journey of Tunwal E Motors is a story of perseverance, vision, and a commitment to creating a cleaner, greener future.
Q. What were the biggest challenges you faced in your entrepreneurial journey, and how did you overcome them?
The arson attack on our factory was a defining moment. With no insurance, rebuilding seemed daunting. However, we turned adversity into opportunity, learning valuable lessons in resilience and risk management. Through strategic partnerships and unwavering determination, we not only recovered but thrived, setting new benchmarks in electric vehicle manufacturing.
Q. What motivated Tunwal E Motors to prepare for an IPO despite the challenges faced along the way?
Our vision goes beyond profit; it’s about pioneering sustainable transportation solutions. An IPO enables us to scale our operations, invest in R&D, and expand our market reach. It’s a testament to our confidence in the future of electric mobility and our commitment to making a meaningful impact on environmental conservation.
Q. How do you envision the future of Tunwal E Motors and its role in transforming India’s electric vehicle landscape?
We envision Tunwal E Motors at the forefront of India’s electric vehicle revolution, spearheading a shift towards greener, more sustainable transportation. Our goal is to set new benchmarks in technology, affordability, and environmental sustainability, ensuring that electric two-wheelers become a mainstream choice for Indian consumers.
Our upcoming models will feature cutting-edge technology, combining enhanced performance with unmatched convenience. By integrating advanced battery systems, smart connectivity, and intuitive design, we aim to offer a superior riding experience that redefines industry standards. Affordability remains a core focus, as we strive to make electric mobility accessible to a wider audience, ensuring that our vehicles deliver exceptional value without compromising on quality or features.
Environmental sustainability is at the heart of our mission. By promoting electric two-wheelers, we aim to reduce India’s dependence on fossil fuels and significantly lower carbon emissions, contributing to a cleaner, healthier environment. Our state-of-the-art manufacturing processes and eco-friendly practices further underscore our commitment to sustainability.
In the coming years, we plan to expand our presence across India, establishing a robust network of dealerships and service centers. We will continue to innovate, adapting to evolving consumer needs and market trends, ensuring that Tunwal E Motors remains a trailblazer in the electric vehicle landscape.
Q. What strategic initiatives is Tunwal E Motors undertaking to maintain its competitive edge in the market?
Tunwal E Motors is dedicated to maintaining its competitive edge through continuous innovation and a strong customer-centric approach. Our unwavering focus on quality, safety, and affordability sets us apart in a dynamic market. By harnessing advanced technologies, we are able to deliver superior products that meet the evolving needs of our customers.
Strategic alliances play a crucial role in our growth strategy. We collaborate with industry leaders and technology partners to stay ahead of trends and bring cutting-edge solutions to market. Our commitment to research and development ensures that we are always at the forefront of innovation, offering electric vehicles that combine performance, reliability, and eco-friendliness.
Additionally, we prioritize customer satisfaction by providing exceptional after-sales service and support, creating a loyal customer base. As we expand our dealership network and enhance our product lineup, Tunwal E Motors is well-positioned to capture a larger market share and continue leading the way in India’s electric vehicle revolution.
Q. How does Tunwal E Motors integrate sustainability into its business operations and product offerings?
Sustainability is ingrained in our DNA. From eco-friendly manufacturing processes to energy-efficient vehicles, we’re committed to minimizing our carbon footprint. Each Tunwal E2W not only meets but exceeds regulatory standards, ensuring a cleaner and greener future for generations.
Q. Can you elaborate on the technological advancements and unique features that define Tunwal E Motors’ electric vehicles?
Our E2Ws combine cutting-edge technology with user-friendly features. From digital speedometers to smart locking systems, every detail is designed for performance, comfort, and security. ARAI certification underscores our commitment to quality and reliability.
Q. How has the leadership team at Tunwal E Motors fostered a culture of innovation and excellence within the organisation?
Led by visionary leadership, we encourage a culture of creativity and collaboration. Our team is empowered to explore new ideas and solutions, driving continuous improvement and market leadership.
Q. What role do government subsidies and policies play in Tunwal E Motors’ market strategy?
Government subsidies enhance accessibility to our electric vehicles, making them more attractive to consumers. We actively engage with policymakers to advocate for supportive regulations that accelerate the adoption of electric mobility nationwide.
Q. As Tunwal E Motors continues to expand, what are your goals for the next five years?
Over the next five years, Tunwal E Motors is committed to setting new standards in sustainable and affordable electric mobility across India. Our strategic roadmap focuses on expanding our dealership network to ensure nationwide accessibility to our innovative electric two-wheelers. We plan to enhance our product offerings by integrating the latest technologies, improving performance, and introducing new models that cater to diverse consumer needs.
Diversification into new segments is also a key goal. By exploring opportunities in electric commercial vehicles and advanced battery solutions, we aim to broaden our impact on the transportation sector. Our vision is to establish Tunwal E Motors as the benchmark for eco-friendly technology, leading the charge towards a greener future.
By 2029, we aspire to be recognized as the most trusted and innovative electric vehicle brand in India, driving the nation’s transition to sustainable transportation while continuing to deliver unparalleled value to our customers.
Watch Tunwal E Motors Promo: https://youtu.be/MuGlChfaAhI