Subsidiary Jindal Mobilitric begins electric scooter commercial operations

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JINDWORLD · price

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+20.4%1-day move

₹31.25

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AI summary

Subsidiary Jindal Mobilitric will begin commercial dispatches of electric scooter R40 (165 km range) from July 2026, pending homologation. Ahmedabad plant has 2.5 lakh unit annual capacity with in-house battery production. Initial order book is around 1000 units across 35 dealerships, expanding to 100. Management targets FY27 revenue of about 100 crore rupees and FY28 of about 350 crore rupees.

Likely market impact

Diversification into EV segment could add a new growth stream from FY27. Watch homologation clearance and order conversion closely.