Start-up Electra EV sees turnover doubling for its product as demand rises

25% of e-four-wheelers on Indian roads had an Electra EV powertrain in FY20, the company says.

Electra EV, the Ratan Tata-founded firm that offers EV powertrain solutions to Tata Motors and various other automakers, envisages doubling its turnover every financial year on the back of strong order books, the company’s top official said.

“Based on the massive demand we have been seeing from July 2021 onwards, Electra EV aspires to double its revenues every financial year for the next two-three years, from the FY20 levels,” Samir Yajnik, executive director, Electra EV, told Business Standard.

It clocked Rs 115 crore in the financial year ended March 2020.

The company has seen a 10-fold jump in demand. Until August, Electra was