The company is engaged in the manufacturing of lithium-ion battery packs for electric mobility, energy storage and industrial applications. Its product portfolio includes battery packs for electric two- and three-wheelers, inverters, telecom backup systems and medical equipment.
The shares of MaxVolt Energy at Rs. 411.85, up by 5%.The company has market capitalization of Rs. 449.08 crore. The stock’s 52 week high is Rs. 509.00 and its 52 week low is Rs. 223.10.
What’s The News
Bhoomi Pujan ceremony is going to take place by MaxVolt Energy Industries for the development of its 10 GWh Lithium Battery Pack Plant situated in Aligarh, Uttar Pradesh, India, scheduled on 23rd September 2026, at 11:30 AM, which will be considered the commencement of the planned expansion project by the company.
This expansion project will help the company increase its activities in the production of lithium-ion battery packs for electric mobility. According to the details provided by the company regarding the project description, the planned expansion project will cost about Rs. 700 crores, and it will generate job opportunities for around 1,500-2,000 employees.
Project Details
The company is set to establish a lithium battery pack manufacturing facility in Aligarh, Uttar Pradesh, with a proposed capacity of 10 GWh. The project involves an estimated investment of around Rs. 700 crore and is aimed at expanding the company’s domestic manufacturing capabilities for lithium battery packs.
The facility is expected to generate employment opportunities for approximately 1,500–2,000 people once operational. The company is scheduled to conduct the Bhoomi Pujan on September 23, 2026, marking the commencement of the project.
The Aligarh facility will add to the company’s existing manufacturing presence in Ghaziabad, Uttar Pradesh. The expansion is intended to strengthen its battery pack manufacturing capacity and cater to growing demand from electric mobility and energy storage applications.
Business Operations
MaxVolt manufactures lithium-ion battery packs for electric two-wheelers and three-wheelers, along with energy storage and industrial applications. Its industrial applications include battery solutions for inverters, telecom backup and medical equipment.
The company currently assembles battery packs at its Ghaziabad facility. It imports battery cells and integrates them with battery management systems before testing the finished battery packs according to applicable government safety standards. MaxVolt has also established a distribution network of more than 950 dealers across India, giving it a nationwide sales and distribution presence.
Focus on Electric Mobility and Energy Storage
Aligarh factory is set to boost MaxVolt’s production capabilities when it comes to battery packs. It is very significant especially in relation to the growing demand for battery technology in areas such as electric mobility and energy storage. With the construction of an additional 10GWh plant, the company will expand its production capabilities while still catering for industrial applications. In addition, the company has outlined the advantages that will accrue to the local economy through the project.
Financial performance
Looking at the latest financial performance of MaxVolt Energy Industries Limited, the company reported revenue of Rs. 296.7 crore in FY26, registering a growth of around 176% YoY. In the second half of FY26, revenue stood at Rs. 166.7 crore, reflecting a 148% YoY growth.
The company reported EBITDA of Rs. 35.6 crore in FY26, up around 155% YoY. In H2 FY26, EBITDA stood at Rs. 17.2 crore, with an EBITDA margin of 10.3%. The company attributed the H2 performance to continued business growth amid challenges including geopolitical developments, currency fluctuations and raw-material supply-chain conditions.
In FY26, profit after tax stood at Rs. 24.4 crore, representing a growth of around 141% YoY. During H2 FY26, PAT stood at Rs. 11.5 crore, registering a 115% YoY growth, with a PAT margin of 6.9%
Existing Capacity and Distribution
MaxVolt’s battery packs production plant is located in Ghaziabad, Uttar Pradesh, where MaxVolt assembles and tests battery packs before shipping them. The company’s distribution network includes more than 950 dealers throughout India, giving the company the ability to sell its product in various markets. This makes the proposed Aligarh plant an important addition to the company’s manufacturing operations in Uttar Pradesh.
Investor Perspective
The proposed 10 GWh Aligarh facility represents a major capacity expansion for MaxVolt Energy, with an estimated investment of around Rs. 700 crore. The project is focused on lithium battery pack manufacturing for electric mobility, energy storage and industrial applications.
For investors, the key factors to monitor will be the execution of the new facility, utilisation of the proposed capacity, capital expenditure, funding requirements and the company’s ability to scale demand alongside the additional manufacturing capacity.
The project should be viewed as a capacity expansion announcement rather than an order win. The company has announced the proposed facility and Bhoomi Pujan, but the information provided does not disclose any customer order associated with the 10 GWh capacity.