Victory Electric Vehicles International Limited was incorporated in October 2018 and transitioned into a public limited company in February 2020. The company is promoted by Mr Sanjay Kumar Popli, Ms Seema, and Ms Palak Popli.
The company operates in India’s electric vehicle manufacturing segment, focusing on the design and production of electric vehicles such as electric rickshaws, passenger rickshaws, e-loaders, cargo rickshaws, and electric scooters. Its product portfolio also includes customised electric three-wheelers developed for specific use cases, including food vending and ice-cream distribution.
Manufacturing operations are supported by a dealer and distributor network spread across key Indian states. The business model is centred on in-house manufacturing, vehicle customisation, and sales through a dealer-led distribution framework. Revenue is primarily derived from domestic sales of electric vehicles marketed under the “Victory” brand.
The company’s strengths include its established position in the electric three-wheeler segment, a diversified product lineup, strong customisation capabilities, and operational experience in a rapidly expanding electric vehicle market.
The company operates in India’s electric vehicle manufacturing segment, focusing on the design and production of electric vehicles such as electric rickshaws, passenger rickshaws, e-loaders, cargo rickshaws, and electric scooters. Its product portfolio also includes customised electric three-wheelers developed for specific use cases, including food vending and ice-cream distribution.
Manufacturing operations are supported by a dealer and distributor network spread across key Indian states. The business model is centred on in-house manufacturing, vehicle customisation, and sales through a dealer-led distribution framework. Revenue is primarily derived from domestic sales of electric vehicles marketed under the “Victory” brand.
The company’s strengths include its established position in the electric three-wheeler segment, a diversified product lineup, strong customisation capabilities, and operational experience in a rapidly expanding electric vehicle market.