OLA peer’s EV penny stock falls after securing 500+ dealer orders and direct sales at Auto Cluster Expo 2025

The shares of the company have a PE of 15x, an ROE of 20 per cent and an ROCE of 20 per cent.

On Tuesday, one of the Top Losers on the NSE, shares of OLA peer’s company plunged 10.45 per cent to Rs 32.15 per share from its previous closing of Rs 35.90 per share with an intraday high of Rs 32.80 per share and an intraday low of Rs 31.60 per share. The stock’s 52-week high is Rs 64 per share and its 52-week low is Rs 27.25 per share

The stock name is Tunwal E-Motors Ltd.

Tunwal E-Motors, a prominent Indian electric two-wheeler manufacturer, achieved significant success at the Auto Cluster Expo 2025, held from May 23rd to 25th at the Auto Cluster Exhibition Centre in Pimpri-Chinchwad, Maharashtra. The company's dynamic presence at the event led to a resounding success in both dealer engagement and customer response. This three-day exhibition served as a crucial platform for Tunwal to connect with industry stakeholders, its existing dealer network, and potential customers.

A key highlight was the strong B2B performance, with Tunwal receiving over 500 confirmed orders from its existing dealers, underscoring their confidence in the company's expanding product portfolio and reliable after-sales support. Tunwal also implemented exclusive reward programs for select order volumes as part of its dealer appreciation efforts, further boosting partner satisfaction and loyalty. On the B2C front, the expo facilitated direct engagement with EV enthusiasts and walk-in customers, resulting in direct vehicle sales to end consumers. This reflects the increasing demand for eco-friendly transportation and the trust consumers place in the Tunwal brand. Visitors had the opportunity to explore the latest models, experience demo rides, and interact directly with the brand's technical and sales teams. Moving forward, Tunwal E-Motors remains committed to its mission of providing reliable, affordable, and eco-conscious mobility to Indian consumers, with the success at the Auto Cluster Expo 2025 reinforcing its determination to expand its dealership footprint and scale production to meet the rising demand for electric two-wheelers in both urban and semi-urban markets.

Speaking about the event’s success, a spokesperson from Tunwal E-Motors said, “The Auto Cluster Expo 2025 has been a remarkable opportunity to engage with our dealer ecosystem and end customers in one of Maharashtra's most dynamic industrial hubs. The response we’ve received reflects the strength of our offerings and the growing trust in electric mobility. We remain committed to delivering value-driven, sustainable transport solutions to our partners and users alike."

About the Company

Incorporated in December 2018, Tunwal E-Motors Limited specializes in the design, development, manufacturing, and distribution of electric two-wheelers. The company boasts a diverse product portfolio with over 23 different scooter models across 6 variants. Notably, 75% of their products are low-speed vehicles that do not require registration, while the remaining 25% are high-speed vehicles that do. Tunwal E-Motors Limited has established a significant geographical presence, operating in 19 states through a network of more than 256 dealers.

The company has a market cap of Rs 185.5 crore and has delivered good profit growth of 212 per cent CAGR over last 5 years. The shares of the company have a PE of 15x, an ROE of 20 per cent and an ROCE of 20 per cent. The stock is up by 18 per cent from its 52-week low of Rs 27.25 per share.

Disclaimer: The article is for informational purposes only and not investment advice.