Jupiter Wagons Limited has informed the Exchange regarding a press release dated August 22, 2025, titled "Jupiter Electric Mobility (JEM) launches its first showroom in Hyderabad ".
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Jupiter Wagons' electric vehicle subsidiary JEM has opened its first showroom in Secunderabad, Hyderabad, through partner Arven Motors. The showroom will sell the JEM TEZ, a 1.05-ton electric light commercial vehicle with a certified range of 300+ km (true range over 190 km), 80kW peak power, and 23% gradeability, targeted at urban logistics and last-mile delivery. The Hyderabad launch is part of a pan-India rollout, with upcoming showrooms planned in Ahmedabad, Chennai, Delhi, Kolkata, Mumbai, Pune, and Trivandrum. JEM is also building an EV ecosystem with partners like Porter, Pulse Energy, Battwheel, and Tapfin for charging, financing, and after-sales support.
This is a strategic retail expansion move for the EV subsidiary, strengthening JEM's market presence in a key logistics hub. While it signals growth ambition, the showroom launch alone is unlikely to move the stock materially and does not constitute a new order or revenue commitment.