BAXY Mobility Franchise
Three-wheeler dealership (diesel, CNG and electric); ~₹20–30 L FranchiseChuno estimate; 92 dealers on BAXY's locator in Oct 2026.
BAXY Mobility franchise at a glance (terms checked Oct 2026)
Investment
₹20 L - ₹30 L*
Estimate — not published by the brand
Ongoing take
No royalty — you earn a margin
Franchise fee
No franchise fee
Payback
Not published
* Not verified — the brand doesn't publish this; the figure comes from other published sources or FranchiseChuno's estimate (see "Reported elsewhere" and "Our estimates" below). Real numbers can differ.
- Legal or regulatory action on record — see Reputation & News
- Disputes with franchisees: None found (records checked Oct 2026)
Outlets
92 verified
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Profit or loss
- • Revenue trend
Ask before you sign
- Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- Get a written, itemised cost breakdown — the brand hasn't published one.
- Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
Franchise terms checked against BAXY Mobility's official dealer page on 5 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Ways to Partner with BAXY Mobility
1 partner model published by the brand. Figures it doesn't publish are left blank.
Three-wheeler dealership
- Royalty / margin
- Margin on vehicle, spares and service sales; not published
BAXY invites dealership enquiries; no published investment, fee, area or territory terms
Our Estimates
FranchiseChuno estimateBAXY Mobility doesn't publish these, so here is our best read of the market and how we got there. They are our estimates, not the brand's figures — use them to plan, then confirm the real numbers in writing.
All-in dealership set-up (showroom + service bay)
₹20–30 L*
A small-town three-wheeler dealership typically needs a leased showroom with a service bay of about 1,000 sq ft (deposit and fit-out ₹5–8 L), 3–5 demo and stock vehicles at ₹1.5–3.5 L each (₹6–12 L), opening spares and tools (₹2–4 L), and working capital (₹5–6 L). The range matches what other three-wheeler and e-rickshaw OEMs ask small dealers for. It excludes land and assumes rented premises. BAXY publishes no figure.
Category benchmark · Oct 2026
Reputation & News
4 red flags to checkWhat the press, courts and real franchisees or customers have said about BAXY Mobility — summarised by us, with every source linked.
- In the news· FY25
Baxy Limited's profit fell 95% in FY25
Filings show Baxy Limited's net profit fell from ₹59.3 Cr (FY23) to ₹44.0 Cr (FY24) and ₹2.3 Cr (FY25) while revenue stayed around ₹1,075 Cr. EBITDA fell from ₹136.7 Cr to ₹94.7 Cr.
Source: MCA filings via Tracxn - regulatory· Aug 2026
Late payments to MSME suppliers
Baxy Limited's MSME filing for Oct 2025–Mar 2026 shows 86 supplier payments (₹1.36 Cr) made after 45 days and 12 (₹56.6 L) still outstanding beyond 45 days. The outstanding amount rose from ₹6.7 L a year earlier. Late payments were higher earlier: 791 payments (₹4.4 Cr) were made after 45 days in Oct 2024–Mar 2025.
Source: MCA MSME-1 filings via Tracxn - Legal / regulatory· Apr 2026
Consumer commission order against Baxy Limited, under appeal
Jharkhand High Court orders show a district consumer commission in Latehar passed an order against Baxy Limited on 28 Aug 2024. Baxy appealed to the state commission, which was not sitting, and in Apr 2026 the High Court stayed execution on a ₹25,000 deposit. The orders don't describe the complaint.
Source: Jharkhand High Court via Indian Kanoon - In the news· Dec 2024
CEO change at BAXY Mobility
ET Auto reported Roy Kurian joining BAXY Mobility as CEO in Nov 2022; by Dec 2024 a trade report quoted Kumar Ramamurthi as CEO of BAXY Mobility.
Source: Electronics For You
Show 6 moreShow fewer
- In the news· Nov 2022
Former Ampere COO Roy Kurian joins BAXY Mobility as CEO
ET Auto reported in Nov 2022 that Roy Kurian, previously COO of Ampere Electric, joined BAXY Mobility as CEO; it described BAXY as making ICE and electric three-wheelers at its Roorkee plant.
Source: ET Auto - employee_opinion★ 4/5 · 657 ratings
Baxy Limited on AmbitionBox
Employees rate Baxy Limited 4.0 out of 5.
Source: AmbitionBox - In the news· Dec 2024
New electric three-wheeler line-up
Electronics For You reported BAXY Mobility's new passenger and cargo EV range with lead-acid and lithium-ion batteries, priced at ₹1.5–4 L ex-showroom.
Source: Electronics For You - In the news· Oct 2024
Retail-finance tie-up with Perpetuity Capital
BAXY Mobility signed an MoU with lender Perpetuity Capital to finance its electric three-wheelers, aiming at 300 vehicles in the first year and at rural first-time borrowers.
Source: EMobility+ - Legal / regulatory· Mar 2024
Tender writs against Delhi Fire Services withdrawn
Baxy Limited filed six writs in the Delhi High Court in Mar 2024 against Delhi Fire Services and Government e-Marketplace over a tender. It withdrew three on 13 Mar 2024 after the department gave written reasons for rejecting its technical bids (keeping liberty to challenge that order), and did not press the other three on 27 Mar 2024.
Source: Delhi High Court via Indian Kanoon - Legal / regulatory· Nov 2024
Calcutta High Court petition on vehicle registration
Baxy Limited asked the Calcutta High Court to have West Bengal's transport directorate decide on registering its Uttarakhand-made electric vehicles; in Nov 2024 the court directed a reasoned decision within eight weeks. West Bengal still shows 'coming soon' on BAXY's locator.
Source: Calcutta High Court via Indian Kanoon
Vehicle range
Models listed on BAXY Mobility's site, Oct 2026 (ranges are BAXY's claims)
| Fuel | Passenger | Cargo |
|---|---|---|
| Diesel (Greaves 435cc BS6) | Express | Super King, Super, Bindaas |
| CNG (395cc bi-fuel) | Express CNG | Super King CNG |
| Electric — lithium-ion, 50 km/h | Nova (200+ km claimed), Lion (180–200 km claimed) | E Magnate Cargo, E Magnate Delivery Van (170–180 km claimed) |
| Electric — low-speed e-rickshaw / e-cart (100–110 km claimed) | E Rath (lead-acid), E Lio (lithium) | e-Cart LD 12 / LD 15 / LD 15 Flexi (lead-acid), e-Lio LD 15 (lithium) |
Source: BAXY Mobility model pages
Key Terms at BAXY Mobility
The clauses that shape day-to-day running and your exit — read these before the fee.
Funding options
Financing
Perpetuity Capital · Initial target: 300 electric three-wheelers in the first year
MoU (Oct 2024) for retail loans on BAXY electric three-wheelers, aimed at rural first-time borrowers; rates not published
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
You buy and resell the brand's products
Contract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—About the Brand
Brand USP
A Roorkee-made three-wheeler range spanning diesel, CNG and electric, with 92 dealers on its locator (Oct 2026).
Why invest in BAXY Mobility?
BAXY Mobility by the Numbers
Source marked on each figure24,000+
Three-wheelers produced a year (plant capacity) · Oct 2026
Brand claim10,000+
Customers serviced · Oct 2026
Brand claim8.5 acres
Roorkee manufacturing facility · Oct 2026
Brand claim92 in 15 states
Dealers on the locator · Oct 2026
Store locatorBAXY Mobility Outlet Network
By state · Oct 2026
- Madhya Pradesh14
- Rajasthan10
- Uttar Pradesh10
- Gujarat9
- Bihar7
- Haryana7
- Chhattisgarh6
- Punjab6
- Jharkhand5
- Kerala5
- Jammu and Kashmir4
- Maharashtra3
+ 3 more
Cities with Outlets
Show all 23 citiesHide the city list
Company Financials
Parent / group levelThese figures are for Continental Engines Pvt Ltd (BAXY group), not this brand alone — separate from what a single franchise outlet earns.
Revenue (FY25)
₹1075.03 Cr
Net profit (FY25)
₹2.31 Cr
Employees (Jan 2025)
1,730
Source: MCA filings via Tracxn (Baxy Limited — the group company holding the vehicle business; not split by product line)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What BAXY Mobility's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Annual filings
- Up to date
- Last AGM
- 30 Sep 2025
- Late payments to small suppliers
- 98
- Paid-up capital
- ₹9.81 Cr
- Auditor
- Praveen Aggarwal and Co.
Group companies
- Continental Engines Private LimitedHolding company · 96.83%
- BAXY Mobility LimitedSubsidiary · 100%
- BAXY Engineering LimitedSubsidiary · 100%
- Continental Advance System (India) LimitedSubsidiary · 100%
Source: MCA records via Tracxn (late payments to MSME suppliers: Oct 2025–Mar 2026 filing — 86 paid after 45 days + 12 outstanding beyond 45 days) (checked Oct 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
BAXY Mobility Financials Over Time
Figures for the parent company, from filed or reported accounts.
Source: MCA filings via Tracxn (Baxy Limited)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Baxy Limited
- Company type
- Public Limited Company (unlisted)
- CIN
- U34100DL2015PLC279347
- Incorporated
- 21 Apr 2015
- Headquarters
- Gurugram, Haryana (plant at Roorkee, Uttarakhand)
Leadership
- AAmarjit BakshiFounder, Chairman and Managing Director, BAXY Group
- SShiv BakshiManaging Director, Baxy Limited
- RR SankaraiahDirector
- TTejveer SidanaDirector
- KKumar RamamurthiCEO, BAXY Mobility (as of Dec 2024)
- RRoy KurianFormer CEO, BAXY Mobility (joined Nov 2022; a different CEO was named by Dec 2024)
Social presence
Company details source: MCA records via Tracxn
BAXY Mobility Timeline
1982
BAXY group begins: Bakshi Engines incorporated
The group's own history dates its start to Bakshi Engines' incorporation on 20 Sep 1982 (auto components); its first in-house three-wheelers came in 2007. BAXY Mobility's site slogan says 'since 1982'.
Source2007
First in-house BAXY three-wheelers
The group says BAXY Mobility launched in-house designed three-wheelers approved by ARAI.
Source2013
Three-wheelers launched across India
The group says BAXY Mobility launched its three-wheeler products nationally.
SourceApr 2015
Baxy Limited incorporated
SourceNov 2022
Former Ampere Electric COO Roy Kurian joins BAXY Mobility as CEO
ET Auto noted BAXY makes ICE and electric three-wheelers at Roorkee
SourceOct 2023
BAXY Mobility Ltd incorporated as a subsidiary of Baxy Limited
SourceOct 2024
EV retail-finance MoU with Perpetuity Capital
SourceDec 2024
New electric line-up, ₹1.5–4 L ex-showroom
Source
FranchiseChuno Analysis
Our analysis of verified dataHow BAXY Mobility looks once the numbers are checked side by side.
- ✓The franchisor company is profitableIts latest filed accounts show a net profit. That's the franchisor's money, not yours: a profitable franchisor doesn't mean its franchisees make money. Check real outlet numbers before you invest.
- ✓Brand operating for 44 yearsFounded in 1982. The brand doesn't state when franchising began.
- !4 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.
Data completeness
55%
- ✓ Terms checked against the brand's own page
- ○ Published investment (not an estimate)
- ○ Franchise fee
- ✓ Royalty
- ○ ROI or payback claim
- ○ Agreement term
- ○ Training details
- ✓ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what BAXY Mobility does and doesn't publish.
- 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- 2Get a written, itemised cost breakdown — the brand hasn't published one.
- 3Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
- 4Ask exactly how your margin or commission is calculated, when it's paid, and whether the brand can change it.
- 5Ask for the agreement term, renewal fee and exit or transfer terms.
- 6Ask whether you get an exclusive territory, and how large it is.
- 7Ask the brand to respond to each red flag listed under Reputation & News.
- 8Have a lawyer review the franchise agreement before paying anything.
- 9Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
—
Staff Needed
—
Setup Time
—
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
What BAXY Mobility franchisees say
We haven't yet heard from enough BAXY Mobility franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a BAXY Mobility outlet — share how it wentFrequently Asked Questions
What is the total investment for a BAXY Mobility franchise?
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