Expanding its footprint in sustainable transport, A-1 Limited has taken 51% control of its electric vehicle venture.
A-1 Limited, a chemical trading and logistics company, has increased its stake in A-1 Sureja Industries to 51%, marking its transition from chemicals to clean mobility. The company announced on Monday that it had acquired an additional 6% stake in the electric vehicle manufacturer, enabling it to assume majority ownership and management control.
In an exchange filing, A-1 Limited said the move will allow it to exercise greater oversight of the EV business, ensuring improved strategic alignment, stronger corporate governance, and a deeper focus on sustainability initiatives. The firm added that this step forms part of a broader plan to diversify into high-growth, environmentally responsible sectors.
Prior to the transaction, A-1 Limited held a 45% stake in A-1 Sureja Industries, which manufactures battery-operated two-wheelers and a range of electric vehicles for both personal and commercial use. With its stake now raised to a controlling 51%, A-1 Limited will integrate the EV venture more closely with its overall business strategy, focusing on operational efficiency, technological advancement, and long-term profitability.
The company said the acquisition aligns with India’s national agenda of promoting electric mobility and reducing carbon emissions. By expanding into the EV space, A-1 Limited aims to leverage its logistics expertise to support the development and distribution of sustainable transport solutions, positioning itself as a key player in the country’s clean mobility ecosystem.
