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Azad India Mobility: Stock hits 5% upper circuit after board approves 5 yr lease agreement

Azad India Mobility Limited has leased a Bengaluru facility from Azad Coach Builders for five years to manufacture and assemble electric bus components, supporting large-scale green mobility expansion.

Introduction

Leading electric mobility firm has leased a Bengaluru facility from Azad Coach Builders for five years, enabling manufacturing and assembly of electric bus components with capacity for large-scale production and expansion.

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Share price movement of Azad India Mobility

On September 29, 2025, Azad India Mobility Ltd opened at ₹137.00, up 4.66% from its previous close of ₹130.90. The stock reached a high of ₹137.40 and a low of ₹136.95. By 1:53 PM, it traded at ₹137.40, a 4.97% increase, with a market cap of ₹556.38 crore.

Azad India Mobility Leases Bengaluru Facility for E-Buses

Azad India Mobility Limited (Formerly known as Indian Bright Steel Co Limited) has approved a five-year lease with Azad Coach Builders Private Limited for land, plant, and machinery at Mysore Road, Bengaluru, for manufacturing electric bus components.

The leased facility spans 8,094 sq. meters with a monthly rent of ₹25.50 lakh plus GST. The arrangement, a related party transaction, enables assembly, production, and large-scale electric bus manufacturing.

Stock performance of Azad India Mobility for Period of 1 week, 6 months, and 1 year

Azad India Mobility Ltd delivered a negative return of 3.29% over the past week, declined 6.27% in the past six months, and fell 30.0% over the past year.

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Shareholding pattern of Azad India Mobility

ParticularsAug 2025Jun 2025Mar 2025
Promoter15.50%3.60%4.10%
FII48.90%65.70%64.80%
DII0.00%0.00%0.00%
Public35.60%30.70%31.10%

About Azad India Mobility

Azad India Mobility Ltd (BSE: 504731), incorporated in 1960, focuses on manufacturing, assembling, and trading electric vehicles, including buses, cars, rickshaws, vans, scooters, cycles, and other battery-powered mobility solutions.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Azad India Mobility Ltd share price going up today?

A: Azad India Mobility Ltd’s share price rose after leasing a Bengaluru facility to manufacture and assemble electric bus components.

Q: What does Azad India Mobility Ltd specialize in?

A: Azad India Mobility Ltd specializes in manufacturing, assembling, and trading electric vehicles, including buses, cars, rickshaws, vans, scooters, and other battery-powered vehicles.

Q: What is the market capitalization of Azad India Mobility Ltd?

A: Azad India Mobility Ltd has a market capitalization of approximately ₹556.38 crore as of September 29, 2025.

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