Jupiter Wagons Launches JEM TEZ, Aims 1 Billion Rupees Revenue

Jupiter Wagons Ltd launched its electric light commercial vehicle, JEM TEZ, and opened a new EV factory in Indore on March 3, 2025. The company plans to reach a revenue of 1 billion rupees in the first year of operation. JEM TEZ, India's first 1-ton commercial electric vehicle, has stunning features such as fast charging (0-100% in 20 minutes) and a certified range of 127 kilometers. The launch is Jupiter Wagons' strategic foray into the electric vehicle segment, diversifying its business beyond railway equipment. The new Indore plant is likely to be a key contributor to the company's aggressive revenue target.
Source: Jupiter Wagons Limited Press Release