Mercury EV Tech Share Price Surges Over 5% On New Battery Manufacturing Unit Announcement

Mercury EV Tech Share Price: The EV sector company said that it has ordered a fully-robotic production line from China, and pilot production is expected to begin in mid-May at the Vadodara Campus.

The shares of Mercury EV Tech surged over 5% in early trade after the company announced that it will commission a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara Campus through its fully owned subsidiary PowerMertz Energy Pvt. Ltd. The EV equipment manufacturing stock opened at Rs 59.00 on BSE, surging Rs 4 or over 3% against previous day's closing price of Rs 56.15 and rose over 5 per cent to hit intraday high at Rs 61.00.

In a move set to significantly boost its manufacturing capacity, Mercury EV Tech has ordered a fully robotic, high-efficiency production line from a leading Chinese manufacturer. A team from India is scheduled to inspect the machinery in China on April 15, 2025. Shipment is expected by the end of April, with trial production at the Vadodara facility targeted for mid-May 2025.

"However, the scrip pared some of its gain amid profit booking. At around 11:23 am, Mercury EV Tech share price was trading at Rs 59.0, surging 3.53%. Meanwhile, the 52-week high and low of the share were Rs 139.20 and Rs 51.24 per share, respectively."

"In a defining move that could reshape India’s clean-tech roadmap, Mercury EV-Tech Limited, through its wholly-owned subsidiary PowerMetz Energy Pvt. Ltd., has announced the commissioning of a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus. With this announcement, Mercury EV-Tech doesn’t just enter the battery space—it enters with scale, ambition, and the intent to lead," the company said in an exchange filing.

The EV sector company said that it has ordered a fully-robotic production line from China, with pilot production expected to begin by mid-May at the Vadodara campus.

"Mercury EV-Tech has placed an order for a fully robotic, high-throughput production line from one of China’s top-tier equipment providers. A technical team from India is set to inspect the facility in China on April 15, 2025, ahead of machinery shipment. The equipment is scheduled to reach the Vadodara campus by the end of April, with pilot production set to begin mid-May 2025," said the company.

Disclaimer: This is just an update about recent developments in the stock. Jagran does not advise investing, please do take expert opinion before investing.

Multibagger Return In 5 Years

-English Jagran

Mercury EV Tech has been a multibagger stock as the shares soared over 15,000% in the last 5 years. However, the scrip corrected over 27% year-to-date, over 29% in a year, and more than 50% in the last 6 months. In the last five trading sessions, Mercury EV Tech shares showed some recovery momentum, surging nearly 8%.