Introduction:
Steel stock received a major boost after securing the Homologation Certificate for its battery-operated electric bus under CMVR 1989 norms. This certification paves the way for executing national and international passenger vehicle orders, strengthening future growth prospects.
Share Price movement of Azad India Mobility:
On March 26, 2025, Azad India Mobility Ltd opened at ₹151.00, reaching a high of ₹152.20, up by 4.15% from its previous close of ₹144.98, with a low of ₹140.25. The stock is currently trading at ₹151.00, with a market cap of ₹439.80 Crores.
Azad India Mobility share price rise:
Azad India Mobility has attained an Homologation Certificate for its battery operated Electric Bus A12C, M3 category from Global Automotive Research Centre (GARC) at Chennai.
All safety and roadworthiness norms have been considered by the agency authorized by Ministry of Heavy Industries, Road Transport. Moreover, the bus has checked GARC and found that the vehicle meets all standards under CMVR 1989.
This certification ensures that the company’s EV buses are now ready for manufacturing and can run on the roads safely meeting every required legal and technical norm.
The firm attributed this accomplishment to the unwavering work of its technical crew and the excellence they’ve infused into the coaches. With this approval, the new company Azad India Mobility is going to launch passenger vehicles in the Indian and international market.
Also read: Defence stock jumps after receiving order worth ₹4,362 Cr from Indian armed forces
Stock performance of Azad India Mobility for Period of 1 week, 6 months and 1 year:
Azad India Mobility stock delivered a strong 17.1% return over the past week, showing positive momentum. However, it declined by 22.4% over six months. Despite this, the stock recovered well, recording an impressive 22.1% gain over the one-year period.
Also read: Large cap stock jumps after receiving order worth ₹15,000 Cr for its offshore hydrocarbon business
Shareholding pattern of Azad India Mobility:
| Summary | Mar-25 | Dec-24 | Sep-24 |
| Promoter | 4.30% | 1.20% | 1.20% |
| FII | 66.80% | 70.40% | 70.40% |
| DII | 0% | 0% | 0% |
| Public | 28.90% | 28.40% | 28.40% |
About Azad India Mobility:
Azad India Mobility (BSE : 504731) specializes in manufacturing electric vehicles, focusing on battery-operated electric buses. The company is committed to sustainable transportation solutions, combining advanced technology and quality to serve both domestic and international markets, promoting eco-friendly mobility and green energy initiatives.
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.
