Rs 6,303.60 Crore Order Book: Electric Commercial Vehicle Manufacturer Unveils First Showroom in Bengaluru, Marks Beginning of Pan India Expansion

The stock gave multibagger returns of 605 per cent in 3 years and a whopping 2,900 per cent in 5 years.

Jupiter Electric Mobility Pvt Ltd. (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd., has officially opened its first showroom in Jayanagar, Bengaluru, marking a significant step in its pan-India expansion strategy. This launch introduces their 1.05-ton 4-wheeler electric light commercial vehicle (eLCV), the JEM TEZ, into one of India's most dynamic urban logistics markets. The showroom functions as a comprehensive experience centre, providing sales consultations, service support, financing assistance and opportunities for customers to test drive the JEM TEZ and interact with product specialists. This move aims to bolster India's transition towards sustainable transportation by offering a purpose-built solution for the rapidly evolving last-mile delivery ecosystem.

The JEM TEZ is designed for urban logistics, boasting a certified range of over 190 km, an 80kW peak motor power, 23% gradeability and a 1.05-ton payload capacity. Its features ensure high performance, low operating costs and enhanced reliability, making it ideal for intra-city freight movement, last-mile delivery and FMCG distribution. Bengaluru was chosen as the launch market due to its prominence as a logistics and technology hub with a strong existing EV ecosystem. JEM is also building an integrated EV value chain through partnerships for charging networks, financing solutions and after-sales services, including the "JEM Udaan" program for business assistance. Furthermore, to support its growth, JEM recently inaugurated a 2.5-acre manufacturing facility in Pithampur, Indore, with an annual production capacity of 8,000–10,000 e-LCVs, with plans for future expansion. JEM's national strategy involves expanding into other key EV markets, including Delhi, Hyderabad, Mumbai, Ahmedabad, Kolkata and Chennai.

About Jupiter Electric Mobility Pvt Ltd., a subsidiary of Jupiter Wagons Limited

Jupiter Electric Mobility Pvt Ltd. (JEM), a subsidiary of Jupiter Wagons Limited (JWL), is at the forefront of India's electric vehicle and energy storage sectors. The company is dedicated to sustainable mobility, specialising in the design and manufacture of electric trucks, light commercial vehicles (e-LCVs) and energy storage solutions for diverse applications, including Railways. Leveraging advanced battery technologies and engineering expertise, JEM aims to spearhead India's shift towards eco-friendly and efficient transportation. Backed by JWL's extensive experience in railways and mobility infrastructure, JEM is uniquely positioned to significantly advance India's electric mobility landscape.

About Jupiter Wagons Limited

Jupiter Wagons Limited (JWL) (BSE: 533272; NSE: JWL) is a leading provider of comprehensive mobility solutions with over four decades of experience, offering a wide range of products including freight wagons, locomotives, commercial vehicles and various components like couplers and brake systems. The company boasts extensive manufacturing facilities across India with backwards integration and has forged strategic partnerships with global leaders such as Tatravagonka a.s. and DAKO-CZ. Leveraging its strong technological capabilities and financial stability, JWL serves a diverse clientele spanning industries like Railways, Automobile and Logistics and counts Indian Railways, American Railroads and Tata Motors among its marquee clients.

Jupiter Wagons is a well-capitalised company with a market capitalisation exceeding Rs 17,000 crore. Its strong order book of Rs 6,303.6 crore as of March 31, 2025, provides a solid foundation for future growth. The stock gave multibagger returns of 605 per cent in 3 years and a whopping 2,900 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.