A-1 Ltd's EV Push Gains Momentum as 1,425 Low-Speed Electric Two-Wheelers Order Book Grows

A-1 Ltd investors saw fresh interest on 19 January 2026 after its associate A-i Sureja Industries secured new orders for 1,425 low-speed electric two-wheelers, reinforcing the group’s electric mobility plans. The developments come as the company, traditionally a chemical trader, reshapes its profile with a growing EV business and recent share-friendly corporate actions.

On 19 January 2026, A-1 Ltd (BSE: 542012) closed at Rs 33.60, a 5.00% rise from the earlier Rs 32.00 close. The share hit a 5% upper circuit after the announcement of the fresh electric two-wheeler orders for A-i Sureja Industries, which operates under the "Hurry-E" brand within the group’s EV business.

The "Hurry-E" EV business, run by A-1 Sureja Industries, now holds confirmed demand for 1,425 low-speed electric two-wheelers, signalling stronger order visibility for the associate company. A-1 Ltd stated that deliveries will follow schedules and commercial terms already agreed with each customer, aligning production planning with confirmed purchase commitments in different domestic markets.

The first purchase order in this latest round came from Zipnova Enterprise LLP, based in Ahmedabad, Gujarat, for 525 low-speed electric motorcycles. This order, dated 12 January 2026, highlights demand in the western region for affordable electric two-wheelers that comply with domestic regulations while addressing rising interest in small-ticket EV mobility options.

The second and larger order was placed by Aayushman Engineering from Noida, Uttar Pradesh, for 900 low-speed electric two-wheelers, with a purchase order date of 14 January 2026. This order expands the EV business reach into northern India beyond Gujarat, giving A-i Sureja Industries a stronger base in another key geography for two-wheeler demand.

Key details of the new electric two-wheeler purchase orders are summarised below for investors tracking A-1 Ltd’s EV business pipeline and regional presence.

Customer	Location	Order date	Product type	Quantity
Zipnova Enterprise LLP	Ahmedabad, Gujarat	12 January 2026	Low-speed electric motorcycles	525
Aayushman Engineering	Noida, Uttar Pradesh	14 January 2026	Low-speed electric two-wheelers	900
Total	-	-	-	1,425

A-1 Ltd clarified that these EV business orders are not classified as related-party transactions. The company also specified that neither the promoter nor the promoter group holds any interest in the customer entities. Management reiterated that any further material updates connected to the EV business will be reported to the stock exchanges in line with disclosure rules.

Alongside EV business expansion, A-1 Ltd recently carried out two share-structure changes aimed at improving liquidity and rewarding existing shareholders. The company issued bonus shares in a 3:1 ratio with a record date of 31 December 2025, and also approved a stock split from face value Rs 10 to Rs 1 in a 10:1 ratio, with 8 January 2026 as the record date.

These corporate actions occurred while A-1 Ltd trades at a high valuation. The firm’s price-to-earnings (P/E) ratio stands at about 586.4, with an estimated market capitalisation of around Rs 1,472 crore. Over the past 52 weeks, the share price has moved between a low of Rs 9.62 and a high of Rs 70.41, reflecting sharp volatility.

A-1 Ltd electric two-wheelers EV business and core operations

A-1 Ltd, previously known as A-1 Acid Ltd., has operated in India since the 1970s, mainly in the chemical sector. The company is engaged in wholesale trading and transportation of industrial acids and chemicals such as methanol, sulfuric acid and nitric acid, supported by its own tanker fleet, and supplies various manufacturing and processing industries across the country.

For finance-focused readers, the latest data shows an issuer balancing its long-standing chemical trading activities with a growing electric two-wheelers EV business through A-i Sureja Industries. The confirmed orders, recent bonus issue and stock split, and current valuation levels together frame the risk-return profile that market participants may watch in the coming quarters.