Jupiter Wagons Limited — Updates, 03-03-2025: Press Release

Jupiter Electric Mobility (JEM) has launched its flagship electric light commercial vehicle, the JEM TEZ, alongside the inauguration of its cutting-edge manufacturing facility in Indore. This facility, covering 2.5 acres, is designed to produce 8,000 to 10,000 e-LCVs annually, aiming for a revenue of ₹100 crore in the first year with a projected year-on-year growth of at least 2X. The JEM TEZ boasts industry-leading features, including a range of over 190 km and a fast-charging capability, launching with a starting price of ₹10.35 lakh. JEM’s strategic expansion includes a statewide rollout of the JEM TEZ, targeting major markets such as Bengaluru and Delhi, supported by partnerships for charging infrastructure and after-sales services. This initiative aligns with national objectives to boost domestic EV manufacturing and reduce import dependency. Jupiter's commitment to innovation and sustainability positions it well for significant growth in the evolving electric mobility sector. Investors should watch closely for JEM's advancements and market response.