Mercury Ev-Tech Ltd — Important, 15-07-2026: Company Update

Mercury Ev-Tech has received approval from the Gujarat Energy Development Agency (GEDA) to market and distribute its Battery Operated Three Wheelers (E-Rickshaws) in Gujarat. This significant development means buyers of Mercury Ev-Tech's GEDA-approved three-wheelers will be eligible for a subsidy of Rs. 48,000 per vehicle. This approval covers multiple models, enhancing the company's market reach in a key state and providing a strong incentive for customers, potentially boosting sales and adoption of its electric vehicles.