Mercury EV-Tech Ltd (MERCURYEV) — Announcement | 11 September 2026

11 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Company added 100 dealers and targets 200 more by March 2027

🔮 What's Next

Target to appoint additional 200 dealers by March 2027

💡 Investor Takeaway

The dealer expansion and subsidies should boost market reach and sales potential.

Mercury EV-Tech announced it added 100 new dealers across India over four months and aims to add 200 more by March 2027, while securing Gujarat Energy Development Agency clearance enabling ₹12,000 and ₹48,000 subsidies per electric two- and three-wheeler respectively, expanding retail reach and customer affordability.

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About Mercury EV-Tech Ltd (MERCURYEV)

Automobile and Auto Components · Automobile · Listed on BSE

Market Cap: ₹739.57 CrP/E: 155.7ROE: 2.4%ROCE: 3.9%

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"How will the new dealers affect revenue growth?""What is the expected subsidy uptake impact on margins?""When will the March 2027 dealer target be fully achieved?"

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📊 More MERCURYEV filings

Announcement — 25 September 2026Mercury EV-Tech Ltd announced that its trading window will close on October 1, 2026, for all insider...
🟡 Board Meeting — 8 September 2026Mercury EV-Tech held its 40th AGM on September 30, 2026 via video conference, adopting audited FY202...
🔴 Annual Report — 8 September 2026Mercury EV-Tech Ltd reported FY 2025-26 revenue of **₹10,793.67 crores**, up from ₹9,309.03 crores, ...
🔴 Insider Trading — 8 September 2026On September 8, 2026, promoter group Shree Saibaba Exim Private Limited disclosed disposal of 5,245,...
🟡 Board Meeting — 6 September 2026The company revised the record and e-voting dates for its 40th AGM to September 30, 2026, with the r...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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