Mercury EV-Tech Limited has received approval for the manufacturing of MUSHAK EV, a battery-operated 4W Goods Carrier & N1 vehicle. This clearance enables the company to commence production, marking a significant advancement.
Key features of the MUSHAK EV include an unbreakable body for enhanced durability and safety, complete manufacturing in India, and eligibility for upcoming government subsidies.
The approval is valid in perpetuity.
| Sr. No. | Type of Purpose Operated Vehicle | Special Battery | Category | GVM | Seating Capacity | Max Speed |
|---|---|---|---|---|---|---|
| 1 | MUSHAK EV | Battery operated | 4W Goods Carrier & N1 | 2085 kg | 02 Person | 69 KMPH |
The approval for manufacturing MUSHAK EV has several positive impacts for Mercury EV-Tech Limited:
- Regulatory Milestone Achieved: Marks a major step forward for the company.
- Growth Opportunities Unlocked: Creates new pathways for revenue and expansion.
- Market-Driven Product Launch: Addressing consumer needs while driving business growth.
- Operational Excellence: Strengthening overall performance and results.
The required information in compliance with SEBI Circular ref. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, pertaining to the above license are provided in Annexure A.
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