Mercury Ev-Tech
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Mercury Ev-Tech received an approval from the Gujarat Energy Development Agency (GEDA) to market and distribute 11 models of lithium-ion battery-operated three-wheelers across Gujarat under the state’s subsidy programme for 2026-27 and 2027-28. The approval makes buyers of the company’s e-rickshaws eligible for a flat subsidy of ₹48,000 per vehicle, with the first low-speed model allocated a target of 25 units. The authorisation, valid until March 2028, is subject to a refundable security deposit of ₹5 lakh and does not guarantee a minimum sales volume.
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Mercury Ev-Tech received an approval from the Gujarat Energy Development Agency (GEDA) to market and distribute 11 models of lithium-ion battery-operated three-wheelers across Gujarat under the state’s subsidy programme for 2026-27 and 2027-28. The approval makes buyers of the company’s e-rickshaws eligible for a flat subsidy of ₹48,000 per vehicle, with the first low-speed model allocated a target of 25 units. The authorisation, valid until March 2028, is subject to a refundable security deposit of ₹5 lakh and does not guarantee a minimum sales volume.
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July 15 (Reuters) - Mercury Ev-Tech Ltd MERC.NS:
MERCURY EV-TECH - GUJARAT ENERGY DEVELOPMENT AGENCY APPROVES 48,000 RUPEES SUBSIDY PER VEHICLE
MERCURY EV-TECH LTD - SUBSIDY ON SALE OF VEHICLE OFFICIALLY APPROVED BY GEDA WITHIN GUJARAT
Source text: ID:nBSErF0DC
Further company coverage: MERC.NS
(([email protected];))
July 15 (Reuters) - Mercury Ev-Tech Ltd MERC.NS:
MERCURY EV-TECH - GUJARAT ENERGY DEVELOPMENT AGENCY APPROVES 48,000 RUPEES SUBSIDY PER VEHICLE
MERCURY EV-TECH LTD - SUBSIDY ON SALE OF VEHICLE OFFICIALLY APPROVED BY GEDA WITHIN GUJARAT
Source text: ID:nBSErF0DC
Further company coverage: MERC.NS
(([email protected];))
Oct 1 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - COMPANY RECEIVES ROC APPROVAL FOR FY25 AGM EXTENSION
Source text: ID:nBSEbV8JXm
Further company coverage: MERC.BO
Oct 1 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - COMPANY RECEIVES ROC APPROVAL FOR FY25 AGM EXTENSION
Source text: ID:nBSEbV8JXm
Further company coverage: MERC.BO
Sept 19 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - NCLT APPROVES MERGER OF EV NEST AND MERCURY EV-TECH
Source text: ID:nBSE4Jxfy7
Further company coverage: MERC.BO
(([email protected];))
Sept 19 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - NCLT APPROVES MERGER OF EV NEST AND MERCURY EV-TECH
Source text: ID:nBSE4Jxfy7
Further company coverage: MERC.BO
(([email protected];))
April 15 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - COMMISSIONS 3.2 GW BATTERY MANUFACTURING FACILITY IN VADODARA
Source text: ID:nBSEbvmMV2
Further company coverage: MERC.BO
(([email protected];;))
April 15 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - COMMISSIONS 3.2 GW BATTERY MANUFACTURING FACILITY IN VADODARA
Source text: ID:nBSEbvmMV2
Further company coverage: MERC.BO
(([email protected];;))
Jan 1 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - EXECUTES SHARE PURCHASE AGREEMENT WITH DC2 MERCURY CARS
MERCURY EV-TECH - AGREEMENT WITH DC2 MERCURY CARS AND ANUSHREE B. CHHABRIA FOR PURCHASE OF SHARES
MERCURY EV-TECH LTD - TO ACQUIRE 69.84% OF DC2 MERCURY CARS FOR 25 MILLION RUPEES
Source text: ID:nBSE41bhCf
Further company coverage: MERC.BO
(([email protected];))
Jan 1 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - EXECUTES SHARE PURCHASE AGREEMENT WITH DC2 MERCURY CARS
MERCURY EV-TECH - AGREEMENT WITH DC2 MERCURY CARS AND ANUSHREE B. CHHABRIA FOR PURCHASE OF SHARES
MERCURY EV-TECH LTD - TO ACQUIRE 69.84% OF DC2 MERCURY CARS FOR 25 MILLION RUPEES
Source text: ID:nBSE41bhCf
Further company coverage: MERC.BO
(([email protected];))
Sept 13 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH - APPROVED PREFERENTIAL ISSUE OF SHARES WORTH UP TO 1.18 BILLION RUPEES
MERCURY EV-TECH - APPROVED PREFERENTIAL ISSUE OF WARRANTS WORTH UP TO 3.62 BILLION RUPEES
Source text for Eikon: ID:nBSE1QhZGw
Further company coverage: MERC.BO
(([email protected];;))
Sept 13 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH - APPROVED PREFERENTIAL ISSUE OF SHARES WORTH UP TO 1.18 BILLION RUPEES
MERCURY EV-TECH - APPROVED PREFERENTIAL ISSUE OF WARRANTS WORTH UP TO 3.62 BILLION RUPEES
Source text for Eikon: ID:nBSE1QhZGw
Further company coverage: MERC.BO
(([email protected];;))
April 23 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
GOT APPROVAL FOR SELLING OF CERTAIN VEHICLES IN TERRITORY OF GOVERNMENT OF NCT OF DELHI
Source text for Eikon: ID:nBSE4bbQRQ
Further company coverage: MERC.BO
(([email protected];;))
April 23 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
GOT APPROVAL FOR SELLING OF CERTAIN VEHICLES IN TERRITORY OF GOVERNMENT OF NCT OF DELHI
Source text for Eikon: ID:nBSE4bbQRQ
Further company coverage: MERC.BO
(([email protected];;))
Jan 1 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
TO RAISE FUNDS VIA ISSUANCE, ALLOTMENT OF SHARES WORTH UP TO 490 MILLION RUPEES ON RIGHTS BASIS
Further company coverage: MERC.BO
(([email protected];))
Jan 1 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
TO RAISE FUNDS VIA ISSUANCE, ALLOTMENT OF SHARES WORTH UP TO 490 MILLION RUPEES ON RIGHTS BASIS
Further company coverage: MERC.BO
(([email protected];))
Dec 27 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - TO CONSIDER AND EVALUATE FOR RAISING OF FUNDS
Source text for Eikon: ID:nBSE310wTY
Further company coverage: MERC.BO
(([email protected];;))
Dec 27 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - TO CONSIDER AND EVALUATE FOR RAISING OF FUNDS
Source text for Eikon: ID:nBSE310wTY
Further company coverage: MERC.BO
(([email protected];;))
Dec 11 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSEVblfM
Further company coverage: MERC.BO
(([email protected];;))
Dec 11 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSEVblfM
Further company coverage: MERC.BO
(([email protected];;))
Dec 7 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
ACQUIRED 20% STAKE OF POWERMETS ENERGY
ACQUISITION COST IS 1.1 MILLION RUPEES
Source text for Eikon: ID:nBSE3S9cr9
Further company coverage: MERC.BO
(([email protected];))
Dec 7 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
ACQUIRED 20% STAKE OF POWERMETS ENERGY
ACQUISITION COST IS 1.1 MILLION RUPEES
Source text for Eikon: ID:nBSE3S9cr9
Further company coverage: MERC.BO
(([email protected];))
Oct 26 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
NAMES KAVIT JAYESHBHAI THAKKAR AS CEO
APPROVED RESIGNATION OF KAVITJAYESHBHAI THAKKAR AS MD
Source text for Eikon: ID:nBSE4CMvzV
Further company coverage: MERC.BO
(([email protected];))
Oct 26 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
NAMES KAVIT JAYESHBHAI THAKKAR AS CEO
APPROVED RESIGNATION OF KAVITJAYESHBHAI THAKKAR AS MD
Source text for Eikon: ID:nBSE4CMvzV
Further company coverage: MERC.BO
(([email protected];))
Oct 12 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
CO INKED MOU WITH SRBH MOTORS
CO, SRBH MOTORS AGREED TO START MANUFACTURING CARGO CONTAINERS AT VADODARA FACILITY BY END OF OCTOBER
FACILITY TO PRODUCE 700-800 CONTAINERS IN A YEAR IN 1ST PHASE
Source text for Eikon: ID:nBSE5BlSZt
Further company coverage: MERC.BO
(([email protected];))
Oct 12 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
CO INKED MOU WITH SRBH MOTORS
CO, SRBH MOTORS AGREED TO START MANUFACTURING CARGO CONTAINERS AT VADODARA FACILITY BY END OF OCTOBER
FACILITY TO PRODUCE 700-800 CONTAINERS IN A YEAR IN 1ST PHASE
Source text for Eikon: ID:nBSE5BlSZt
Further company coverage: MERC.BO
(([email protected];))
Sept 5 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - APPROVED TO ISSUE UPTO 8.7 MILLION SHARES AT ISSUE PRICE OF 33 RUPEES PER SHARE
Source text for Eikon: ID:nBSE7Xccl
Further company coverage: MERC.BO
(([email protected];))
Sept 5 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - APPROVED TO ISSUE UPTO 8.7 MILLION SHARES AT ISSUE PRICE OF 33 RUPEES PER SHARE
Source text for Eikon: ID:nBSE7Xccl
Further company coverage: MERC.BO
(([email protected];))
Aug 31 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
CO VIA UNIT GOT CERTIFICATION FOR BATTERY PACK TO BE USED IN HIGH-SPEED 3W E-RICKSHAWS, E-CARTS PRODUCTION
Source text for Eikon: [ID:]
Further company coverage: MERC.BO
(([email protected];))
Aug 31 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
CO VIA UNIT GOT CERTIFICATION FOR BATTERY PACK TO BE USED IN HIGH-SPEED 3W E-RICKSHAWS, E-CARTS PRODUCTION
Source text for Eikon: [ID:]
Further company coverage: MERC.BO
(([email protected];))
Aug 28 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
TO CONSIDER ISSUE OF SECURITIES ON PREFERENTIAL BASIS
Source text for Eikon: ID:nBSE4jCzNL
Further company coverage: MERC.BO
(([email protected];))
Aug 28 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
TO CONSIDER ISSUE OF SECURITIES ON PREFERENTIAL BASIS
Source text for Eikon: ID:nBSE4jCzNL
Further company coverage: MERC.BO
(([email protected];))
Aug 21 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - TO CONSIDER ISSUE OF SECURITIES ON PREFERENTIAL BASIS
Source text for Eikon: ID:nBSEbcwl98
Further company coverage: MERC.BO
(([email protected];))
Aug 21 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
MERCURY EV-TECH LTD - TO CONSIDER ISSUE OF SECURITIES ON PREFERENTIAL BASIS
Source text for Eikon: ID:nBSEbcwl98
Further company coverage: MERC.BO
(([email protected];))
June 15 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
UNIT GOT AIS 156 PHASE-II CERTIFICATION FOR BATTERY PACK
Source text for Eikon: ID:nBSE9YHdLM
Further company coverage: MERC.BO
(([email protected];;))
June 15 (Reuters) - Mercury Ev-Tech Ltd MERC.BO:
UNIT GOT AIS 156 PHASE-II CERTIFICATION FOR BATTERY PACK
Source text for Eikon: ID:nBSE9YHdLM
Further company coverage: MERC.BO
(([email protected];;))
April 19 (Reuters) - Mercury Metals Ltd MERC.BO:
HAS ESTABLISHED RESEARCH AND DEVELOPMENT BASE FOR NEW PRODUCT DEVELOPMENT IN TRACTION MOBILITY BATTERY PACKS
Source text for Eikon: ID:nBSE5DJSTm
Further company coverage: MERC.BO
(([email protected];))
April 19 (Reuters) - Mercury Metals Ltd MERC.BO:
HAS ESTABLISHED RESEARCH AND DEVELOPMENT BASE FOR NEW PRODUCT DEVELOPMENT IN TRACTION MOBILITY BATTERY PACKS
Source text for Eikon: ID:nBSE5DJSTm
Further company coverage: MERC.BO
(([email protected];))
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What does Mercury Ev-Tech do?
Mercury Ev-Tech Ltd, incorporated in 1986, is engaged in the manufacturing and trading of electric vehicles (EVs) and renewable energy-related products. The company’s product range includes electric scooters, cars, buses, vintage cars, and golf carts. METL also develops custom electric vehicles for various applications, such as hospitality, industrial use, golf courses, clubs, and resorts, demonstrating its versatility in EV solutions tailored to specific industries
Who are the competitors of Mercury Ev-Tech?
Mercury Ev-Tech major competitors are Hindustan Motors, Tata MotorsPassenger, Hyundai Motor India, Mahindra & Mahindra, Maruti Suzuki India, Wardwizard Innovat., Atul Auto. Market Cap of Mercury Ev-Tech is ₹683 Crs. While the median market cap of its peers are ₹1,22,630 Crs.
Is Mercury Ev-Tech financially stable compared to its competitors?
Mercury Ev-Tech seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Mercury Ev-Tech pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Mercury Ev-Tech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Mercury Ev-Tech allocated its funds?
NA
How strong is Mercury Ev-Tech balance sheet?
Balance sheet of Mercury Ev-Tech is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Mercury Ev-Tech improving?
The profit is oscillating. The profit of Mercury Ev-Tech is ₹5.55 Crs for TTM, ₹7.48 Crs for Mar 2025 and ₹1.98 Crs for Mar 2024.
Is the debt of Mercury Ev-Tech increasing or decreasing?
Yes, The net debt of Mercury Ev-Tech is increasing. Latest net debt of Mercury Ev-Tech is ₹2.54 Crs as of Sep-25. This is greater than Mar-25 when it was -₹105.44 Crs.
Is Mercury Ev-Tech stock expensive?
Mercury Ev-Tech is not expensive. Latest PE of Mercury Ev-Tech is 136, while 3 year average PE is 361. Also latest EV/EBITDA of Mercury Ev-Tech is 103 while 3yr average is 308.
Has the share price of Mercury Ev-Tech grown faster than its competition?
Mercury Ev-Tech has given lower returns compared to its competitors. Mercury Ev-Tech has grown at ~-53.93% over the last 1yrs while peers have grown at a median rate of -8.33%
Is the promoter bullish about Mercury Ev-Tech?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Mercury Ev-Tech is 59.18% and last quarter promoter holding is 59.18%.
Are mutual funds buying/selling Mercury Ev-Tech?
There is Insufficient data to gauge this.