A-1 Acid Limited acquires stake in EV manufacturer A-1 Sureja lndustries

A-1 Acid Limited, an Ahmedabad-based chemicals dealer, said that it has acquired a stake of 45% in its sister concern A-1 Sureja lndustries, whose primary objective is to manufacture electric vehicles (EVs).

According to A-1 Acid Limited, as the governments in India are offering several incentives to e-vehicle industries, there is a higher opportunity for growth of its business in the e-vehicle sector.

A-1 Acid Limited manufactures products such as nitric acid, sulphuric acid, hydrochloric acid, ethyl acetate, technical grade urea, acetic acid, formal dehyde, and nitro benzene among others.