Past performance
About Delta Autocorp Ltd Delta Autocorp Limited, established in 2016 as Delta Autocorp LLP and officially restructured as a Public Limited company in 2024, operates as a significant player in India’s EV market. Founded by visionary promoter Mr. Ankit Agarwal, the company specializes in the development, manufacture, and sale of electric 2-wheelers (2W) and 3-wheelers (3W), emphasizing innovation, affordability, and market adaptability. Over the years, Delta has prioritized performance, durability, and efficiency, particularly enhancing models for mileage, hilly terrains, and overall user safety.
The company introduced its first E-rickshaw in 2017, achieving a milestone in mileage standards and incorporating advanced aerodynamics, torque, and metallurgy. Diversifying its offerings, Delta launched its inaugural electric 2W model in 2019, featuring designs optimized for Indian road conditions with high ground clearance and affordability. Notable innovations include a strategic switch to Lithium Ferro Phosphate (LFP) batteries, which promise enhanced longevity, cost efficiency, and safety compared to Nickel-Manganese-Cobalt (NMC) batteries.
Delta has remained consistently proactive in new product launches, unveiling a range of vehicles, including the electric scooter ‘Drixx’ in 2020, facelift models for E-rickshaws in 2021, and high-speed scooters in 2023. By sourcing cutting-edge components from reputed OEMs and adhering to state-of-the-art manufacturing techniques, the company ensures that its vehicles meet modern performance benchmarks.
With an upcoming IPO comprising 42,00,000 Equity Shares (38,88,000 as Fresh Issue and 3,12,000 via Offer for Sale), Delta Autocorp aims to bolster its market presence. Its continued focus on R&D, robust product portfolio, and commitment to customer-centric innovations position it as a competitive participant in India’s burgeoning EV industry.
Performance overview