Zelio E-Mobility Appoints Divyanshu Agarwal As CEO Following IPO
- By MT Bureau
- April 17, 2026
Zelio E-Mobility, an electric two- and three-wheeler company, has appointed Divyanshu Agarwal as its Chief Executive Officer, effective 15 April 2026.
The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Agarwal, a Chartered Accountant, joins the company from Navi, where he previously served as the Head of UPI Business and Growth.
In his new role, Agarwal will oversee the development and scaling of the company’s manufacturing infrastructure, including upcoming plants in Odisha and Coimbatore. His mandate includes strengthening operational execution, expanding market presence and scaling the distribution network.
During his tenure at Navi, Agarwal was involved in private equity fundraising and the firm’s Draft Red Herring Prospectus (DRHP) process, as well as managing cross-functional projects across finance and product development.
The leadership change follows Zelio E-Mobility’s recent listing on the public markets, where the company raised INR 783 million through an initial public offering. The IPO consisted of a fresh issue of INR 588 million and an offer for sale worth INR 155 million, achieving an overall subscription of 1.5 times.
The company currently maintains a network of over 350 dealers across 20 states and union territories, serving more than 200,000 riders under the ‘Zelio’ electric two-wheeler and ‘Tanga’ electric three-wheeler brands.
Divyanshu Agarwal, said, "Zelio is at a stage where growth needs to be backed by consistent execution and clarity in direction. The focus will be on strengthening the core, expanding reach in a measured way and building products that customers can rely on every day. The opportunity is significant, and the effort will be to build it with discipline."
Kunal Arya, MD, Zelio E-Mobility, added, "Divyanshu brings a strong understanding of both finance and business operations. He has seen how to build and scale in fast-moving environments. As we expand, the need is for sharper execution and long-term thinking, and he is well equipped to take that forward."
Bajaj Auto Marks Pulsar's 25th Year With Global 'My Pulsar Story' Campaign
- By MT Bureau
- July 22, 2026
Bajaj Auto Ltd. has launched 'My Pulsar Story,' a worldwide digital campaign celebrating the 25th anniversary of its flagship motorcycle. The initiative invites the global rider community to submit personal accounts of their experiences with the machine. For millions, the Pulsar has served as a first motorcycle, a companion on cross-country trips or a catalyst for lasting friendships.
The campaign spans continents, reaching riders from Indian cities like Mumbai and Bengaluru to Latin American hubs including Mexico City, Bogota, Rio de Janeiro and Buenos Aires. Since its 2001 debut, the Pulsar has transformed sports motorcycling by making performance accessible. With over 20 million units sold, the model has driven Bajaj Auto's expansion into more than 100 countries through a 125 cc to 350 cc portfolio.
Submissions run on Instagram from 21 July to 4 September 2026 in any creative format using #MyPulsarStory. Selected entries from riders, creators and heritage owners will feature on global channels. Weekly prizes will be awarded, with one grand prize winner per nation receiving a Pulsar NS400z.
Bajaj Auto emphasises that this celebration belongs to the riding community rather than the brand itself, inviting every owner to contribute their unique chapter to the Pulsar legacy.
Sumeet Narang, President – Marketing, Bajaj Auto Ltd., said, "Every Pulsar has a story, but more importantly, every rider has one. For 25 years, Pulsar has been more than just a motorcycle. It has inspired a generation to embrace performance motorcycling, enabled millions of first rides and brought together a passionate community that spans countries, cultures and generations. It is remarkable to see how riders around the world continue to share the same passion and sense of belonging, with every journey, friendship and milestone helping shape the Pulsar legacy. With 'My Pulsar Story', we are inviting everyone from first-time owners to lifelong enthusiasts to share those experiences, inspire others and tell the world what being Definitely Daring means to them."
TVS Motor Co Reports INR 11.74 Billion Net Profit For Q1 FY2027
- By MT Bureau
- July 21, 2026
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has reported revenue of INR 138.96 billion for Q1 FY2027, marking a 38 percent increase compared to INR 100.81 billion in the corresponding period of the previous year.
For Q1 FY2027, EBITDA reached INR 17.79 billion, up 41 percent from INR 12.60 billion, Profit After Tax grew by 51 percent to INR 11.74 billion, compared to INR 7.76 billion for the same period last year.
The company reported its overall two- and three-wheeler sales grew by 28 percent to 1.63 million units, up from 1.28 million units.
In the two-wheeler segment motorcycle sales increased by 19 percent to 740,000 units, while scooter sales grew by 36 percent to 680,000 units.
Electric two-wheeler sales grew by 86 percent to 129,940 units, bringing the total customer base past 1-million-unit milestone. Three-wheeler sales grew by 48 percent to 66,697 units.
The overall exports grew by 33 percent to 470,000 units.
Bajaj Auto Net Profit Rises 40% To INR 29.83 Billion For Q1 FY2027
- By MT Bureau
- July 21, 2026
Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto has announced its financial results for Q1 FY2027, with revenue from operations coming at INR 172.44 billion, marking a 37 percent YoY, as compared to INR 125.84 billion last year.
The EBITDA came at INR 35.96 billion, while Profit after Tax reached INR 29.83 billion, both rising over 40 percent YoY, as against INR 20.96 billion last year.
During Q1, total sales reached 1.43 million units, representing a 29 percent increase YoY, which includes 1.22 million two-wheelers, up 29 percent YoY and 215,699 three-wheelers, up 33 percent YoY.
Bajaj Auto stated that its domestic revenues grew 26 percent YoY, with electric vehicles accounting for approximately 30 percent of the domestic business.
On the exports front, volumes surpassed 700,000 units, generating record revenues driven by growth in Latin America and Africa.
Three-wheeler sales saw revenues grow by 25 percent YoY, supported by electric three-wheelers.
Bajaj Auto’s free cash flow additions exceeded INR 23 billion, leaving surplus funds of over INR 210 billion at the close of the quarter.
Indofast Energy, Hala Mobility To Deploy 40,000 E2Ws By March 2027
- By MT Bureau
- July 21, 2026
Bengaluru-based battery swapping technology company Indofast Energy and Hala Mobility have announced a partnership to deploy 40,000 electric two-wheelers by March 2027, with a target of 100,000 units by March 2028.
The collaboration has already deployed 15,000 electric two-wheelers across Hyderabad, Bengaluru, Delhi NCR and Mumbai. The partnership utilises battery-swapping infrastructure across cities, with expansion planned for Pune, Chennai and Jaipur. Indofast Energy operates a network of swap stations across 24 cities supporting vehicles.
Rajat Malhan, Chief Business Officer, Indofast Energy, said, "Our partnership with Hala Mobility demonstrates what happens when reliable energy infrastructure meets ambitious fleet deployment - rapid, scalable EV adoption that works for riders, operators, and the environment. Reaching 15,000 vehicles in under a year validates that battery swapping is the default choice for fleet operators who prioritise uptime and economics. As we scale toward 40,000 vehicles by March 2027 and 1 lakh by 2028, we are building the kind of integrated ecosystem that will define India's commercial EV transition; making swappable battery EVs the most practical and profitable choice for last-mile logistics."
Srikanth Reddy, Founder, Hala Mobility, said, "At Hala Mobility, we are committed to democratising electric mobility for India's delivery workforce. Partnering with Indofast Energy allows us to integrate our fleet with robust battery swapping infrastructure, ensuring our riders experience zero downtime and maximum daily earnings. Our rapid scale-up to 15,000 vehicles proves that the model is effective towards creating a highly efficient, sustainable, and inclusive EV ecosystem across India.”
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