Mercury Ev-Tech Expands Dealer Network, Gains GEDA Subsidy Eligibility

Mercury Ev-Tech Ltd has announced significant progress in its business expansion. The company has appointed 100 new dealers across India in the last four months, aiming to reach a total of 300 dealers by March 2027 to enhance its distribution and after-sales service network. Additionally, Mercury Ev-Tech has received clearance from the Gujarat Energy Development Agency (GEDA) to market its electric two-wheelers and three-wheelers in Gujarat. This makes eligible customers eligible for subsidies of ₹12,000 per electric two-wheeler and ₹48,000 per electric three-wheeler, which is expected to boost vehicle affordability and adoption in the state. The company believes these initiatives will strengthen its market presence and support the growth of its electric vehicle business.