Jupiter Wagons Limited (JWL) has announced a significant business win for its material subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited. The company has secured a prestigious contract from the Ministry of Railways, Railway Board, for the supply of 9,000 LHB (Linke Hofmann Busch) axles, marking a notable achievement in the railway components sector.

Contract Details

The contract, valued at approximately Rs. 113.00 crore, involves the manufacturing and supply of LHB axles for FIAT-IR Bogies. This order underscores the company's strong position in the railway supply chain and its capability to meet the evolving needs of India's railway infrastructure.

Official Confirmation

Jupiter Wagons Limited disclosed that its subsidiary received the Letter of Acceptance (LOA) from the Ministry of Railways, Railway Board. This disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Significance of the Order

The procurement of 9,000 LHB axles signifies the Indian Railways' ongoing efforts to enhance the safety and efficiency of its rolling stock. LHB coaches, known for their superior technology and safety features, require specialized axles, and this contract positions Jupiter Wagons' subsidiary as a key supplier in this critical segment.

Market Impact

This substantial order is expected to have a positive impact on Jupiter Wagons Limited's financial performance in the coming quarters. It not only adds a significant amount to the company's order book but also strengthens its relationship with the Indian Railways, potentially paving the way for future contracts.

The successful bid for this contract demonstrates Jupiter Wagons' competitive edge in the railway components market and its ability to secure high-value orders in a competitive landscape.

As the Indian government continues to invest heavily in railway infrastructure modernization, companies like Jupiter Wagons are well-positioned to benefit from the growing demand for advanced railway components.

Jupiter Wagons subsidiary, Jupiter Electric Mobility (JEM), has marked a significant milestone in its expansion strategy by inaugurating its first showroom in Hyderabad. This move represents the company's initial foray into retail presence within the burgeoning electric mobility sector in India.

Strategic Location Choice

The new showroom, situated at Arven Motors Private Limited in New Bowenpally, Secunderabad, Hyderabad, is strategically positioned to tap into Telangana's vibrant logistics and intra-city freight market. Hyderabad's emergence as a key logistics hub, supported by its central location, robust warehousing network, and thriving e-commerce base, makes it an attractive market for electric Light Commercial Vehicles (eLCVs).

Showcasing JEM TEZ

The showroom will feature JEM's flagship product, the JEM TEZ - a 1.05-ton 4-wheeler eLCV designed for urban logistics and last-mile delivery. Key features of the JEM TEZ include:

• Certified range of over 300 km
• True range exceeding 190 km
• 80kW peak motor power
• 23% gradeability
• Payload capacity of 1.05 tons

These specifications position the JEM TEZ as a competitive option for intra-city freight movement, last-mile delivery, and FMCG distribution sectors.

Customer-Centric Approach

The Hyderabad showroom is designed to offer a comprehensive purchase experience. Customers can:

• Explore JEM TEZ features firsthand
• Interact with trained product specialists
• Schedule on-site test drives
• Receive personalized sales consultations

Executive Insights

Mr. Vivek Lohia, Managing Director of Jupiter Group, commented on the launch: "The inauguration of our Hyderabad showroom marks a significant milestone in Jupiter Electric Mobility's growth journey. Hyderabad is an ideal market for the next phase of our expansion, with its strong economy, continued investments in industry and logistics, and supportive state policies for accelerating EV adoption."

Expansion Plans and Ecosystem Development

JEM's expansion strategy extends beyond Hyderabad. The company has plans to establish a presence in other key markets including Ahmedabad, Chennai, Delhi, Kolkata, Mumbai, Pune, and Trivandrum.

Additionally, JEM is investing in an integrated EV value chain through partnerships with companies like Porter, Pulse Energy, Battwheel, Automovill, and Tapfin. These collaborations aim to develop a robust support infrastructure encompassing charging networks, financing solutions, and after-sales service frameworks.

Invitation to Stakeholders

JEM invites fleet operators, logistics aggregators, institutional buyers, and EV ecosystem partners to explore commercial synergies and experience the JEM TEZ firsthand at their new Hyderabad showroom.

This expansion by Jupiter Electric Mobility underscores the growing importance of the electric vehicle sector in India's urban logistics landscape, particularly in key metropolitan areas like Hyderabad. As the demand for sustainable and efficient last-mile delivery solutions continues to rise, JEM's strategic move positions it to capitalize on this evolving market trend.