A-1 Limited, a chemical trading and logistics company based in Ahmedabad, has increased its partnership interest in A-1 Sureja Industries from 45 percent to 51 percent, signalling a strategic move into electric vehicle (EV) manufacturing. The company announced the change of stake on 27 October 2025 and said the transaction is subject to completion of regulatory and statutory formalities.
According to a press release issued by A-1 Limited, the additional six percent stake gives the company a controlling interest in A-1 Sureja Industries, which manufactures battery-operated two-wheelers and other electric vehicles and is valued at approximately INR 1 billion. The press release said A-1 Sureja is transitioning from research and development to commercial production with a projected compound annual growth rate (CAGR) of over 250 percent.
“Our diversification into EV manufacturing reflects A-1 Limited’s commitment to sustainability, innovation, and long-term value creation,” said Anant Patel, Director of A-1 Limited. “With our experience in chemical logistics, safety systems, and industrial compliance, we are uniquely positioned to support clean mobility and contribute to India’s green future,” he added.
“This strategic evolution transforms A-1 Limited from an industrial-chemicals player into a clean-mobility innovator,” said Patel. “We are combining legacy strength with technology to deliver long-term value for our shareholders and a sustainable future for India,” he added.
The press release stated that A-1 Limited, formerly A-1 Acid Limited, has a five-decade presence in chemical trading, distribution and logistics, and a market capitalisation of about INR 12 billion as of 2025. It said the company intends to evolve into a multi-vertical green enterprise by 2028, integrating low-emission chemical operations with clean mobility solutions to diversify revenue streams and attract institutional interest.
A-1 Sureja Industries holds a patent for its electric two-wheeler design valid until 2028 and has secured Automotive Research Association of India (ARAI) approval for the Hurry-E electric motorcycle. The press release described the Hurry-E as incorporating a smart battery management system (BMS), reverse mode and diagnostic features aimed at daily commuters and fleet operators in the INR 75,000 to INR 140,000 price segment.
India’s electric two-wheeler market grew at about 35 percent CAGR between fiscal year 2020 and fiscal year 2025, surpassing 1.5 million units, and the press release cited projections that the market could exceed 5 million units by fiscal year 2028. A-1 Limited is listed on the BSE SME platform and is headquartered in Ahmedabad, Gujarat.
