Mercury EV-Tech Limited strengthens its market position through strategic acquisitions

Mercury EV-Tech Limited appears to be making significant strides in the electric vehicle (EV) industry, especially with recent acquisitions and expansions. The acquisition of Traclaxx Tractors Private Limited and Altius EV-Tech Private Limited indicates a strategic move towards diversification and expansion into new segments of the electric vehicle market.

The acquisition of Traclaxx Tractors Private Limited not only expands Mercury EV-Tech Limited’s presence in the tractor parts segment, but also opens new markets in the US, Germany and the Middle East. This move is in line with the company’s goal to become a comprehensive solutions provider for electric vehicles.

Moreover, the addition of Altius EV-Tech Private Limited expands the company’s product portfolio to include the speed bike segment, serving tier III and IV cities. This expansion broadens the company’s consumer base and market reach.

Moreover, the company’s venture into hydrogen storage tanks and investments in research and development of special-purpose containers demonstrate its commitment to innovation and diversification beyond the electric vehicle segment.

With a world-class manufacturing facility strategically located at NH#8 and a broad range of 2W to 3W products and lithium-ion batteries, Mercury EV-Tech Limited appears well-positioned for growth and success in the emerging electric vehicle market . The development of an electric charger with a power of 4 W and a lifting capacity of 1 tonne further emphasizes the company’s commitment to innovation and meeting market requirements.

Posted: Wed May 22, 2024 9:31 PM EST