Jitendra EV is set to direct Rs 800-1000 million towards research and development and product innovation, with Rs 250 million allocated for scaling up manufacturing. The company’s Nashik facility, which currently has an annual production capacity of 60,000 units, will expand to 96,000 units to support its growing market share.

The company has already secured seven acres of land in Nashik for future expansion, aligning with its network and sales goals. Jitendra EV also expects its monthly sales to reach 10,000-15,000 units by 2028, supported by the addition of 100 new dealerships this year, doubling its dealer network to 200 across 25 cities.

Co-Founder Samkit Shah emphasised the focus on key states like Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh, Karnataka, and Delhi, while also addressing the diverse customer needs with both high-speed and low-speed electric two-wheelers, including options for last-mile delivery in the e-commerce sector.