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Ahmedabad-based A-1 Limited, formerly A-1 Acid Limited, has announced its diversification into India’s rapidly growing electric vehicle (EV) sector, marking a strategic transformation from its core chemicals and logistics business to clean mobility.The company has acquired an additional 6 per cent stake in A-1 Sureja Industries, taking its total holding to 51 per cent and making it a majority shareholder. With this move, A-1 Limited has become one of India’s first listed chemical companies to hold a controlling stake in an EV manufacturing firm.A-1 Sureja Industries, headquartered in Ahmedabad, manufactures a range of battery-operated two-wheelers and electric vehicles. Valued at around ₹100 crore, the company is transitioning from research and development to full-scale commercial operations, with a projected compound annual growth rate (CAGR) exceeding 250 per cent.“The 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.”A-1 Sureja Industries holds a patent-protected EV design valid until 2028. Its product range, including the Hurry-E Electric Motorcycle approved by the Automotive Research Association of India (ARAI), is targeted at the ₹75,000–₹1.4 lakh segment — catering to both personal and fleet users in the growing quick-commerce and bike-taxi markets.
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