Industry Outlook of Supertech EV IPO
Supertech EV operates in India’s two‑ and three‑wheeler EV space, assembling scooters and producing e‑rickshaws under CKD and local sourcing, with a network of 445 distributors
The broader Indian automotive sector saw passenger vehicle sales grow at ~5 % CAGR (FY19–24), supported by rising GDP (projected 6–8 % growth FY24–29)
India’s EV market is forecast to expand at a ~49 % CAGR through 2030, led by two‑ and three‑wheelers and aided by policies like FAME II and PM E‑DRIVE
Investors have shown selective interest in EV IPOs; Ather’s subdued debut and slower EV funding highlight cautious sentiment
Supertech EV’s SME‑based financials: annualized revenue ₹65 cr, EBITDA margin ~11 %, PAT margin ~7 %—indicating modest scale
Its domestic manufacturing focus, R&D effort in green hydrogen and EV parts, and state incentives (e.g. Tamil Nadu) offer structural support
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Supertech EV IPO.