Delta Auto.

Experienced Promoters and Management Team.

Customer Centric Approach.

In house Research and Development of Products.

Cracking the distribution model.

Tapping into the mass premium segment.

Quality Standard Certifications & Quality Test.

Diversified product range.

If the company electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels advertised, its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and the company may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against the company.

Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.

The company is dependent on its dealers for sale of its product. Loss of any or all such dealer may have an adverse impact on its business, results of operations and financial conditions.

The Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect its business operations.

Its business is dependent on the company distribution network. An inability to expand or effectively manage its distributor network, or any disruptions in the company distribution network may have an adverse effect on its business, results of operations, financial condition and cash flows.

The company is dependent on third parties for its logistics and transportation needs. Any disruptions in the same may adversely affect the company operations, business, cash flows and financial conditions.

Its Registered Office, Corporate Office and Manufacturing units from where the company operate is not owned by it.

Its may not be able to compete successfully in the highly competitive and fast evolving automotive market.

Its operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with the company employees.

If there are changes in government regulations and the company is unable to meet the new requirements, it could negatively affect its business and operations.

Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.

The company is susceptible to risks relating to unionization of its employees employed by the company.

The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.

The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cashflow.

Its insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a material adverse effect on its business.

The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

Its lenders have charge over the company movable and immovable properties in respect of finance availed by it.

The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and the company manufacturing facility, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.

Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.

The Company is party to certain litigation and claims. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.

Any non-compliance or delays in GST Return Filings may expose it to penalties from the regulators.

There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.

Its Promoters and Directors have provided personal guarantees for financing facilities availed by the Company and may in the future provide additional guarantees and any failures or default by the Company to repay such facilities in accordance with the terms and conditions of the financing agreements could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and Directors and thereby, adversely impact the company business and operations.

Its Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.

The average cost of acquisition of Equity Shares by its Promoters could be lower than the offer price.

Its individual Promoters plays key role in the company functioning and its heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and the company ability to attract and retain key managerial personnel and its inability to attract them may affect the company operations.

Its ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.

Its Promoters and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company`s performance in addition to their remuneration and reimbursement of expenses.

Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.

The Objects of the offer for which funds are being raised are based on its management estimates and the same have not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled "Objects of the offer".

There is no monitoring agency appointed by the Company to monitor the utilization of the offer proceeds and deployment of the offer is entirely at the discretion of the issuer.

Its funding requirements and proposed deployment of the Net Proceeds of the Fresh Issue are based on management estimates. The company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Fresh Issue. The company has relied on the quotations received from third parties for estimation of the cost for its capital expenditure requirements and have not been independently appraised by a bank or a financial institution.

The company has not identified any alternate source of raising the funds required for the object of the offer and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the offer".

The company will not receive any proceeds from the offer. The Selling Shareholder will receive the entire proceeds from the offer.

The company has issued shares at a price which may be lower than the offer price in preceding one year.

Its ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.

Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.

Certain data mentioned in this Red Herring Prospectus has not been independently verified.