Azad India Mobility ~ From a Single-Platform Player to a Diversified OEM
Azad India is entering a critical scale-up phase — new bus platforms, localisation, higher production and exports are coming together.
The company plans to expand beyond its 12.5M platform with 9M and 13.5M buses, while building capabilities across chassis, battery and software.
The roadmap targets 85 units in FY26 → 280 in FY27 → 660 by FY30, alongside export market entry and airport mobility solutions.
Financially, the roadmap indicates revenue scaling from Rs. 147 crore in FY26 to Rs. 1,143 crore by FY30, while profit rises from Rs. 14.7 crore to Rs. 183 crore.
The bigger goal is zero China dependency by Jan 2028 and building Azad into a diversified Indian OEM.
Key trigger: FY27 execution — production ramp-up, new platforms, localisation and first meaningful exports.
August 31, 2026 294 1
