Tunwal E-Motors Ltd (TUNWAL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

The company was originally incorporated as ‘Tunwal E-Motors Private Limited’ on December 21, 2018, vide certification of incorporation under the provision of Companies Act, 2013 issued by the Assistant Registrar of Companies, of Maharashtra Pune, Subsequently Company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Pune consequent upon conversion from Private Limited to Public Company dated December 13, 2023, to its present name of Tunwal E-Motors Limited. 

Tunwal E-Motors, an upcoming force in the electric vehicle (EV) manufacturing sector, stands at the forefront of India's drive towards sustainable and eco-friendly mobility solutions. Established in 2018, the company has rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers. With new age production facility strategically located in Palsana, Rajasthan, Tunwal E-Motors leverages efficient manufacturing/assembly processes to meet the burgeoning demand for electric scooters. The company is registered under the Bureau of Indian Standards and SAE International, USA has confirmed World Manufacturer identifier (WMI) code for the company.

Tunwal E-Motors operates with a streamlined organizational hierarchy, featuring key departments that drive various facets of its operations. The Sales and Marketing Department takes center stage, steering the creation and implementation of effective distribution strategies and managing diverse sales channels. Simultaneously, the Accounts Department ensures financial stability through oversight of financial management, budgeting, auditing, and taxation. The dealer development department within the sales department plays a crucial role in expanding the dealership network, fostering strong relationships, and providing essential support and training. Human Resources (HR) takes charge of recruitment, training, and organizational culture development, sustaining a talented and motivated workforce. The company is establishing a Research and Development Department which will be required for future innovation and continuously enhancing existing EV products with technology. Lastly, the Service and Warranty Department completes the cycle, delivering a positive post-purchase experience through comprehensive after-sales service and support, including maintenance, repairs, and warranty claims. This well-coordinated structure positions Tunwal E-Motors for success in the dynamic electric vehicle landscape.

Business area of the company

Tunwal E-Motors is one of the emerging companies in the EV 2- wheeler sector, committed to advancing innovation in EV 2-wheeler manufacturing.  

Key awards, accreditations or recognitions

• 2019: Leading Emerging Entrepreneur Award by IEDRA won the Leading Emerging Entrepreneur Award by IEDRA (India Economic Development & Research Association).
• 2019: A mark of gratitude and appreciation to celebrate the rising talent that brings out the best.
• 2023: Awards refer to accolades or recognition given to organisations for their exceptional efforts and initiatives in the field of Corporate Social Responsibility (CSR).
• 2023: This incredible achievement is testimony to unwavering commitment to excellence, innovation and customer satisfaction.
• 2023: The ‘Innovative Emerging E Vehicles Manufacturing Leadership Awards, Dubai’ may refer to recognition or accolades given to outstanding leaders or companies in the field of electric vehicle manufacturing.

Major events and Milestones

• December 21, 2018: Incorporation of the company.
• January, 2021: First Sale of 2 Wheeler EV achieved post appointment of Distributors/dealers.
• July 6, 2021: Obtained Registration and Licence to work a factory for manufacturing facility, situated in Palsana Rajasthan, India.
• November 30, 2023: Achieved product range of 23 models including 7 variants and appointed more than 224 Distributors and Dealers in 19 States across India.
• December 13, 2023: The company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Maharashtra, Pune consequent upon conversion from Private Limited to Public Company dated December 13, 2023, in the name of “Tunwal E-Motors Limited”.
• January 2024: Prototype ready for E Mobility vehicle for differently abled people.