Energy in Motion (EIM) expects to begin regular production at its Pune truck-assembly facility in January, following the rollout of its first India-assembled electric truck on October 30th, 2026.

The plant has an annual production capacity of 5,000 vehicles, with the company targeting monthly output of approximately 200 units from January.

What has EIM started assembling in Pune?

EIM has commenced assembling heavy electric trucks in Pune, with regular production expected to begin in January after plant setup and trials are completed. The rollout follows an increase in sales during Q2 FY27, when the company sold more than 100 vehicles, compared with Q1 FY27. The management attributed the growth to higher customer conversions, although the engagement-to-sale cycle is approximately six months and charging infrastructure development can delay deliveries.

A significant proportion of Q2 FY27 sales came from repeat customers who had placed small trial orders in previous quarters. EIM also reported vehicle uptime of more than 99% for most customers, attributing repeat purchases to operating performance. However, the company did not disclose its current order-book figure.

When will EIM begin regular Pune truck production?

EIM expects full-scale production to begin in January, with an initial target of approximately 200 vehicles per month. The facility is currently undergoing trial production using completely knocked-down (CKD) kits.

Although the plant has an annual design capacity of 5,000 vehicles, immediate full utilisation is not expected. The targeted monthly output of 200 units translates into approximately 2,400 vehicles annually. The management did not disclose the current order book or the proportion of capacity backed by firm customer commitments. However, it expects second-half FY27 sales to exceed first-half sales, supported by customer interest and charging infrastructure development.

EIM has signed memoranda of understanding (MOUs) with large transport operators covering nearly 1,500 vehicles. Deliveries will take place in phases as charging corridors become operational, meaning these agreements do not represent an immediately deliverable order book.

What does EIM's CATL battery-pack programme cover?

EIM has partnered with CATL to assemble truck battery packs in India. A dedicated facility within the Pune complex is expected to be commissioned in the next quarter, with capacity aligned with the truck plant's annual production capacity of 5,000 vehicles. According to the management, EIM will be the first new original equipment manufacturer (OEM) to assemble CATL truck battery packs in India.

The programme covers battery-pack assembly, not battery-cell manufacturing, and no timeline has been provided for domestic cell sourcing. EIM acknowledged its reliance on imported components for critical vehicle systems but did not disclose the localised share of truck or battery-pack value, or the proportion accounted for by imported battery cells and motor-related components. The management stated that its technology agreement supports vehicle indigenisation through a digitalisation and local supplier development programme across the Pune-to-Dharwad cluster. However, localisation depends on technology access and sufficient production volumes.

How is EIM expanding charging infrastructure?

EIM plans to increase its charging-station network from eight locations to 15 by December 2026 and 40 by March 2027. Expansion is focused on the north-western corridor, covering the Delhi-Pune, Mundra-Ahmedabad and Kandla-Jaipur routes.

According to the management, this corridor accounts for nearly one-third of India's heavy truck traffic. Charging infrastructure is also linked to phased deliveries under the MOUs covering nearly 1,500 vehicles, as transport operators require operational charging routes before deploying electric trucks at scale.

Charging-network revenue increased to Rs. 107 million (US$ 1.1 million) in Q2 FY27, from Rs. 65 million in Q1 FY27, representing growth of nearly 65%. Two of EIM's eight stations were operating at more than 75% of their daily capacity. The management also identified them as the country's largest single-location charging facilities by electricity volume.

The company is developing additional charging locations in areas where demand does not yet justify full-scale stations, while independent charging facilities are also under construction. The management cited infrastructure development as one factor limiting vehicle sales growth, despite expectations of higher second-half FY27 sales.

How does EIM sell trucks, batteries and energy services?

EIM's average truck selling price is approximately Rs. 6 million, with 95% of vehicle sales made without batteries. Instead, batteries are supplied through service arrangements linked to energy packages and minimum monthly electricity consumption commitments.

Annual energy packages start at approximately Rs. 1.4 million per vehicle for low-utilisation road applications and can reach Rs. 3.3 million for higher-utilisation operations. The contracts run for seven years, with pricing depending on operating conditions, including port operations and long-distance highway use.

Vehicle sales revenue increased to Rs. 1.3 billion in Q2 FY27, compared with Rs. 440 million in Q1 FY27. The management stated that losses narrowed with higher volumes and has set a target of achieving positive financial performance in the next financial year, while continuing investments in charging infrastructure and after-sales coverage.

EIM has also incorporated EIM Megaplex as a step-down subsidiary to hold charging infrastructure, renewable energy assets supporting charging operations and batteries supplied under its battery-as-a-service model. The company is operational, and EIM's charging assets will be held under this subsidiary.

Conclusion

EIM's Pune facility is expected to begin regular production at approximately 200 vehicles per month in January, with a designed annual capacity of 5,000 units. The company is also preparing to commission its CATL battery-pack assembly facility in the next quarter.

Its immediate priorities include expanding the charging network from eight to 15 stations by December 2026 and 40 by March 2027, alongside phased deliveries against MOUs covering nearly 1,500 vehicles. EIM's target of achieving positive financial performance in the next financial year remains dependent on higher sales volumes, while investments in charging infrastructure and after-sales operations continue.