Ultraviolette eyes 5 lakh annual sales by 2030, posts record Q1

Ultraviolette Automotive sold over 1,500 electric motorcycles in Q1 2026, a 400% increase year-over-year.

The X47 crossover motorcycle drives growth, accounting for 85% of Ultraviolette's sales.

Bookings are evenly split between Tier 1 and Tier 2 cities, indicating wider adoption beyond metros.

Delhi's EV Policy 2.0, effective July 1, 2026, bans new petrol and CNG two-wheelers from April 2028, presenting an opportunity for Ultraviolette.

Ultraviolette targets annual sales of 4–5 lakh vehicles by 2030, with upcoming models Tesseract and Shockwave at lower price points.