QUCEV expands commercial EV manufacturing with focus on HDV applications

Hyderabad-based manufacturer QUCEV has a technology partnership with the world’s leading EV maker BYD. The company targets diverse industrial segments with its expanding EV portfolio. QUCEV has recently raised ₹131.25 crore in its Series B round; the funds will be used for plant capex, new product development, and working capital. Anil Bhan, COO – Technology Electric Vehicles and HV Battery, shares more about the company’s focus areas.

What kinds of electric vehicles is QUCEV currently manufacturing?

Qucev’s product range includes fully electric trucks starting from 3.5T eLCV to 55T, Electric Tractor, including 28T Haulage and Electric Transit Concrete Mixer. Qucev plant is located at Hyderabad with eLCV capacity of 4,800 per annum, while eHCVs capacity shall be 2,400 per annum initially.

Who are the main stakeholders you are currently working with?

Qucev is working with end users of these vehicles to shift from ICE to electric vehicles, which are then deployed through Logistic Service Providers. The end users for e-HCVs include large cement, Aluminium and steel companies. e-HCVs are being deployed for the transportation of clinkers, ore, coal, cement, aluminium coils, etc.

End users of e-LCVs include companies in dairy products, fresh food, furniture, pharma, and general logistics.

QUCEV unveiled an electric transit mixer at EXCON 2025. In terms of purchase cost, how does the electric transit mixer compare with the conventional mixers?

Traditional ICE Transit Mixers guzzle diesel and emit high levels of pollution, predominantly in urban areas. The electric Transit Mixer eliminates tailpipe emissions. Like other EVs, the upfront cost of electric transit mixers is higher than that of diesel transit mixers. Still, operating costs are significantly lower, making the total cost of ownership comparable to diesel Transit mixers.

What are QUCEV’s areas of focus in 2026?

Qucev’s focus area shall be to ramp up deliveries of eLCVs and 55T tractors, start deliveries of 28T and transit Mixers and expand in more applications across industries and geography.

Qucev has a team of over 100, plus the plant work-force, and is growing to meet our plans.

This interview was first published in EVreporter Jan 2026 magazine.

Also read: Listing of electric LCVs in India