On Monday, Nifty 50, Sensex rose about 0.8% each in a broad-based rally, aided by firming bets of U.S. rate cuts and progress in U.S.-China trade negotiations
Meanwhile, A-1 Limited, formerly known as A-1 Acid Limited share price locked in the 20% upper circuit as the company announced a major strategic diversification into India's rapidly expanding electric vehicle (EV) sector.
The company is a listed chemical trading and logistics entity headquartered in Ahmedabad, has increased its existing partnership interest/shareholding in A-1 Sureja Industries, a manufacturer of battery-operated two-wheelers, from 45% to 51%.
This move marks a bold step from industrial chemistry to the EV revolution, and positions A-1 Limited as one of India's first listed chemical companies to directly hold equity in a certified EV manufacturing enterprise. The increase in stake is subject to the completion of all necessary regulatory and statutory formalities.
A-1 Limited has a five-decade legacy established as a trusted partner in India's chemical value chain, known for disciplined capital management, safety compliance, and nationwide reach in industrial-acid trading, distribution, and logistics. As of 2025, the company commands a market capitalization of over approximately ₹1,200 crore, providing a robust platform for this new phase of growth.
A-1 Sureja Industries, also headquartered in Ahmedabad, is driving scalable electric two-wheeler manufacturing. The company is currently transitioning from the R&D stage to commercial rollout and is poised for rapid expansion with a projected Compound Annual Growth Rate (CAGR) of over 250%. A-1 Sureja Industries has an approximate value of ₹100 crore as of date.
Sharing more details, Mr. Anant Patel (Director, A-1 Limited), said, "Our diversification into EV manufacturing reflects A-1 Limited's commitment to sustainability, innovation, and long-term value creation. 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 Limited aims to evolve into a multi-vertical green enterprise by 2028, integrating clean mobility solutions with low-emission chemical operations. This transformation positions the company as a future-ready mid-cap ESG leader with diversified revenue streams.
A-1 Sureja Industries produces the ARAI-approved Hurry-E Electric Motorcycle, which represents the company's entry into the high-potential electric two-wheeler segment. Key product details include:
The overall shift is supported by massive growth in the domestic EV sector. India's electric two-wheeler market grew at a 35% CAGR between FY 2020 and FY 2025, surpassing 1.5 million units. This market is projected to cross 5 million units by FY 2028.
On Monday, A-1 Limited's share price locked in the 20% upper circuit as the company announced strategic diversification into India's rapidly expanding electric vehicle (EV) sector. As of 1:04 pm IST, the stock price was trading at ₹1,263.70 per share, up by 20%.
The stock price has given multibagger 248% returns in the last one year, while on a year-to-date basis, the stock is up by 175%.
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