Jupiter Electric Mobility Targets $12M with ‘Tez’ e-LCV
ECONOMY & POLICY

Jupiter Electric Mobility Targets $12M with ‘Tez’ e-LCV

Jupiter Electric Mobility (JEM), the EV arm of Jupiter Group, has set an ambitious target of achieving $12 million in revenue within its first year of operations in the electric light commercial vehicle (e-LCV) segment. The company marked this milestone by rolling out its flagship 1.05-ton e-commercial vehicle, Tez.

The company also inaugurated its new manufacturing facility at Pithampur, Indore, which has an annual production capacity of 8,000 to 10,000 vehicles. JEM aims to sell around 400 e-LCVs in its debut year.

National Expansion & EV Ecosystem Development JEM plans to launch its e-LCVs across key Indian markets, including Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, Kolkata, and Chennai, capitalizing on high EV adoption potential. The company is also actively collaborating to develop an integrated EV ecosystem, covering charging infrastructure, financing solutions, and after-sales support.

"We had the necessary infrastructure in place. So the idea was that we wanted to build a vehicle which would contemplate our existing infrastructure and bring synergies to the business. The idea was always to launch an electric vehicle because the motto of our group is sustainability and all our products are also focused around sustainability," said Vivek Lohia, Managing Director, Jupiter Group.

JEM has invested $18 million in its existing business, leveraging its infrastructure to enhance operational efficiency.

Future Growth Plans The Tez e-LCV is priced at $12,500 ex-showroom. The company aims for at least 2X year-on-year growth, expanding its product lineup with new variants to cater to evolving market demands.

"The inauguration of our Pithampur facility marks a defining moment for JEM and India's sustainable mobility future. With advanced manufacturing and technology, we aim to set new EV industry benchmarks while driving economic growth, infrastructure development, and job creation," Lohia said.

With its expansion plans and commitment to sustainable mobility, JEM is positioning itself as a key player in India's growing EV sector.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Jupiter Electric Mobility (JEM), the EV arm of Jupiter Group, has set an ambitious target of achieving $12 million in revenue within its first year of operations in the electric light commercial vehicle (e-LCV) segment. The company marked this milestone by rolling out its flagship 1.05-ton e-commercial vehicle, Tez. The company also inaugurated its new manufacturing facility at Pithampur, Indore, which has an annual production capacity of 8,000 to 10,000 vehicles. JEM aims to sell around 400 e-LCVs in its debut year. National Expansion & EV Ecosystem Development JEM plans to launch its e-LCVs across key Indian markets, including Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, Kolkata, and Chennai, capitalizing on high EV adoption potential. The company is also actively collaborating to develop an integrated EV ecosystem, covering charging infrastructure, financing solutions, and after-sales support. We had the necessary infrastructure in place. So the idea was that we wanted to build a vehicle which would contemplate our existing infrastructure and bring synergies to the business. The idea was always to launch an electric vehicle because the motto of our group is sustainability and all our products are also focused around sustainability, said Vivek Lohia, Managing Director, Jupiter Group. JEM has invested $18 million in its existing business, leveraging its infrastructure to enhance operational efficiency. Future Growth Plans The Tez e-LCV is priced at $12,500 ex-showroom. The company aims for at least 2X year-on-year growth, expanding its product lineup with new variants to cater to evolving market demands. The inauguration of our Pithampur facility marks a defining moment for JEM and India's sustainable mobility future. With advanced manufacturing and technology, we aim to set new EV industry benchmarks while driving economic growth, infrastructure development, and job creation, Lohia said. With its expansion plans and commitment to sustainable mobility, JEM is positioning itself as a key player in India's growing EV sector.

Next Story
Infrastructure Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?