Jupiter Wagons Limited has informed the Exchange regarding a press release dated Jun 09, 2025, titled "Jupiter Electric Mobility Unveils First Showroom in Bengaluru, Marks Beginning of Pan India Expansion".
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Jupiter Electric Mobility (JEM), the EV subsidiary of Jupiter Wagons, has opened its first showroom in Jayanagar, Bengaluru, showcasing its JEM TEZ — a 1.05-ton electric light commercial vehicle (e-LCV) with a 190+ km range, 80kW peak power, and 23% gradeability, aimed at the last-mile delivery and urban logistics market. The showroom will offer sales, service, financing, and test drives, supported by an already operational service hub in Devanhalli. JEM is backed by a 2.5-acre manufacturing facility in Pithampur, Indore, with an annual capacity of 8,000–10,000 e-LCVs and plans to expand to Delhi, Hyderabad, Mumbai, Ahmedabad, Kolkata, and Chennai. The company has also built partnerships with players like Porter, Pulse Energy, Battwheel, and Tapfin for charging, financing, and after-sales support.
This marks JEM's formal entry from product development into commercial sales, potentially opening a new revenue stream for Jupiter Wagons beyond its core rail/wagon business. However, no order numbers, revenue projections, or sales targets were disclosed, so the near-term financial impact on the parent company remains uncertain.