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Latest news about Jupiter Wagons

Jupiter Electric Mobility Accelerates Growth with Five New Showrooms Across India 1 day ago

Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons Limited, has opened five new showrooms in New Delhi, Ghaziabad, Trivandrum, Ahmedabad, and Pune. This expansion brings JEM's total showroom count to seven, including existing locations in Bangalore and Hyderabad. The company's flagship product, JEM TEZ, is a 1.05-ton electric light commercial vehicle with a certified range of 300+ km. JEM plans further expansion with showrooms in Chennai, Kolkata, and Mumbai, positioning itself as a pan-India player in the electric commercial vehicle market.

Jupiter Wagons Receives ESG Rating of 46 from SEBI-Registered Provider Oct 28, 2025

Jupiter Electric Mobility Unveils Innovative Containerized Battery Energy Storage Systems Sep 25, 2025

Jupiter Wagons Appoints Vinod Kumar Agarwal as New Chief Financial Officer Sep 24, 2025

Jupiter Wagons Secures Exchange Approval for Promoter Reclassification Sep 18, 2025

More news about Jupiter Wagons

10Sept 25

Jupiter Wagons' Subsidiary Clinches Rs. 113 Crore Railway Contract for LHB Axles

Jupiter Wagons Limited's subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has won a contract from the Ministry of Railways to supply 9,000 LHB axles for FIAT-IR Bogies. The contract is valued at approximately Rs. 113 crore. The company received the Letter of Acceptance for this order, which is expected to positively impact Jupiter Wagons' financial performance and strengthen its position in the railway components market.

22Aug 25

Jupiter Electric Mobility Expands Footprint with First Showroom in Hyderabad

Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons, has opened its first showroom in Hyderabad, marking its entry into India's electric mobility retail sector. The showroom, located in Secunderabad, will showcase JEM's flagship product, the JEM TEZ, a 1.05-ton eLCV designed for urban logistics. The vehicle boasts a certified range of over 300 km and a payload capacity of 1.05 tons. JEM plans to expand to other key markets and is developing partnerships to build a comprehensive EV ecosystem.

20Aug 25

Jupiter Wagons' Subsidiary Secures ₹215 Crore Contract for Vande Bharat Train Components

Jupiter Wagons Limited's subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has won a ₹215 crore contract to supply 5,376 wheelsets for Vande Bharat trains. This order strengthens the company's position in India's rail infrastructure sector and its involvement in the country's railway modernization efforts. The contract is expected to boost Jupiter Wagons' order book and potentially lead to more opportunities in the high-speed rail segment.

19Aug 25

Jupiter Wagons Q1 Revenue Dips 53% Amid Wheelset Shortages; Maintains Growth Outlook

Jupiter Wagons Limited experienced a significant drop in Q1 financial performance, with standalone total income falling 53% to INR425.00 crore due to supply chain disruptions. Despite this, the company delivered 826 railway wagons and 4,811 wheelsets. The company maintains a robust order book of INR5,972.00 crore and expects recovery in coming quarters. Jupiter Wagons is expanding into electric mobility, battery production, and wheelset manufacturing, while progressing on its INR2,500.00 crore wheel and axle project in Orissa. The company remains confident in achieving 10-15% revenue growth and targets future revenue of INR8,000.00-10,000.00 crore.

14Aug 25

Jupiter Wagons Eyes Robust Growth: Targets Rs 8,000-10,000 Crore Revenue by FY28

Jupiter Wagons anticipates significant expansion in its wheel set business, expecting revenue to reach Rs 550 crore this fiscal year and Rs 1,000 crore next year. The company forecasts Rs 2,000-3,000 crore revenue from its wheel business and Rs 500-1,000 crore from its battery/EV business by FY27-28. Despite Q1 challenges, Jupiter Wagons reaffirms 10-15% revenue growth and 14-15% EBITDA margins for fiscal year 2026. The company aims for a total revenue of Rs 8,000-10,000 crore by FY28, coinciding with its Orissa plant operationalization.

12Aug 25

Jupiter Wagons Q1 Revenue Falls 48% to ₹459 Crore Due to Wheel Set Supply Shortage

Jupiter Wagons Limited experienced a 47.8% year-on-year decline in Q1 consolidated revenue, reporting ₹459.30 crore. EBITDA fell 56.2% to ₹59.80 crore, with margins contracting to 13.0%. Net profit decreased by 66.2% to ₹31.10 crore. The company attributes the decline to wheel set shortages from Railway Wheel Factory, Indian Railways. Despite challenges, Jupiter Wagons maintains a ₹5,972.00 crore order book. The company's electric mobility division opened its first showroom in Bengaluru and signed an MoU with Pickkup for 300 electric vehicles. Jupiter Wagons also acquired land in Odisha for India's first private rail wheel and axle forging plant, with a planned ₹2,500.00 crore investment.

11Aug 25

Jupiter Wagons Secures INR 242.41 Crore Order from GATX India for 583 Specialized Wagons

Jupiter Wagons Limited (JWL) has received an order worth INR 242.41 crore from GATX India Private Limited for 583 specialized wagons. The order includes BLSS (Container Carrier Wagon), ACT2 (Bi-level SUV Carrier), BOXNHL (High-Capacity Open Wagon), and BVCM Wagons. These high-capacity wagons are designed for long-distance operations and diverse transportation needs. JWL's Managing Director, Vivek Lohia, emphasized the order's importance in strengthening their association with GATX and advancing their customer diversification strategy.

05Aug 25

Jupiter Wagons Promoter Sagarika Gupta Seeks Reclassification to Public Shareholder Category

Sagarika Gupta, holding 0.01% of Jupiter Wagons' shares, has requested reclassification from 'Promoter and Promoter Group' to 'Public' category. Gupta, who inherited shares from her late father, states she doesn't control or manage the company. The request requires approvals from the company's Board, NSE, BSE, and compliance with SEBI regulations. Gupta has provided compliance assurances, including not holding special rights or board representation. Jupiter Wagons also announced a board meeting on August 12, 2025, to approve Q2 2025 financial results.

17Jun 25

Jupiter Wagons Reports Q4 Profit Dip, Sets Ambitious Revenue Target

Jupiter Wagons Ltd. reported a 2% decrease in Q4 net profit to ₹103 crore, with revenue down 6.4% to ₹1,044 crore. Despite this, the company aims for ₹10,000 crore revenue by FY2027 with a 27% EBITDA margin. The current order book stands at ₹6,303.60 crore. The stock has delivered over 3000% return in five years but is down 21.87% year-to-date.

09Jun 25

Jupiter Electric Mobility Launches First Showroom in Bengaluru, Unveils E-LCVs

Jupiter Electric Mobility, a subsidiary of Jupiter Wagons, has opened its first showroom in Bengaluru as part of a pan-India expansion plan. The company also introduced Electric Last Mile Commercial Vehicles (E-LCVs) designed for the last-mile delivery sector. This strategic move positions Jupiter Electric Mobility in India's growing electric vehicle market, potentially opening new revenue streams for Jupiter Wagons.

28May 25

Jupiter Wagons' EV Unit Signs MoU with Pickkup for 300 Electric Vehicles

Jupiter Electric Mobility, a subsidiary of Jupiter Wagons, has signed an MoU with Pickkup to add 300 JEM Tez electric vehicles to Pickkup's fleet for last-mile and mid-mile delivery operations. This partnership aims to promote sustainable delivery solutions in India's logistics sector, positioning Jupiter Wagons as a key player in the growing electric vehicle market.

27May 25

Jupiter Wagons' EV Unit Inks Deal with Pickkup for 300 Electric Vehicles

Jupiter Electric Mobility, a subsidiary of Jupiter Wagons, has signed an MoU with Pickkup to add 300 JEM TEZ electric vehicles to Pickkup's fleet for last-mile and mid-mile delivery operations. This partnership aims to promote sustainable delivery solutions in India's logistics sector, contributing to the reduction of carbon emissions in delivery operations.

20May 25

Jupiter Wagons Projects Robust Growth, Eyes Revenue Surge Across Segments

Jupiter Wagons projects significant growth across various business segments. The Orissa project is expected to generate nearly Rs 3,000 crore in revenue. The brake and wheelsets segment is anticipated to double, surpassing Rs 800 crore this fiscal year. In the e-LCV market, the company aims to sell over 100 cars monthly within 3-4 months. Jupiter Wagons is optimistic about strong financial performance until FY28, bolstered by an expected railway tender. The company projects EBITDA margin to exceed 14.20% and anticipates strong revenues from its brake business.

19May 25

Jupiter Wagons Reports Revenue and Profit Decline, EBITDA Margin Expands

Jupiter Wagons, a key player in Indian railway wagon manufacturing, released its Q3 financial results showing a 6.40% year-over-year revenue decline to ₹1,044.00 crore and a 1.80% drop in net profit to ₹103.00 crore. Despite these decreases, the company's EBITDA margin improved to 14.60% from 13.20%. Jupiter Wagons also reported a strong order book of ₹6,303.60 crore, including orders from major clients like Ambuja Cement, ACC, and Braithwaite & Co.

04Apr 25

Jupiter Wagons' Subsidiary to Invest ₹2,500 Crore in Railwheel & Axle Plant in Odisha

Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRF), a subsidiary of Jupiter Wagons Limited, has acquired land in Odisha for a new railwheel and axle manufacturing facility. The company plans to invest ₹2,500 crore over several years to develop the plant, which will have an annual production capacity of 100,000 forged wheelsets. Located in Haldiapada, Khordha, the facility is expected to begin operations by 2027 and aims to export 50% of its production. The project, supported by the Odisha government under the 'Invest Odisha' program, aligns with 'Make in India' and 'Atmanirbhar Bharat' initiatives. It will create numerous jobs and enhance India's railway manufacturing capabilities with cutting-edge technology.

03Apr 25

Jupiter Wagons' Subsidiary to Invest ₹2,500 Crore in Odisha for Railwheel & Axle Plant

Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRF), a subsidiary of Jupiter Wagons Limited, has acquired land in Odisha for a new railwheel and axle manufacturing facility. The company plans to invest ₹2,500 crore over several years to develop this state-of-the-art plant in Haldiapada, Khordha. The facility aims to produce 100,000 forged wheelsets annually, with 50% targeted for export. Supported by the Odisha government, the project is expected to create numerous jobs and boost the local economy. Operations are slated to begin by 2027, marking a significant step in India's rail manufacturing capabilities and aligning with 'Make in India' and 'Atmanirbhar Bharat' initiatives.

06Mar 25

Jupiter Wagons Sets Ambitious Target of 100,000 Electric LCVs in Five Years

Jupiter Wagons, an Indian automotive company, has announced plans to enter the electric Light Commercial Vehicle (LCV) market with a target of selling 100,000 electric vehicles over the next five years. The company is focusing on developing a product pipeline for the LCV segment and strengthening its supply chain management to support this ambitious goal. This move is expected to intensify competition in the electric LCV market and potentially contribute to reducing carbon emissions in India's commercial transportation sector.

05Mar 25

Jupiter Wagons Approves ₹2,000 Crore Related Party Deal, Relocates Foundry to West Bengal

Jupiter Wagons Limited has approved a ₹2,000 crore related party transaction with Jupiter Tatravagonka Railwheel Factory Private Limited. The company is relocating its planned captive alloy steel foundry from Jabalpur to Bandel, West Bengal. Additionally, Mr. Ganesan Raghuram has been re-appointed as an Independent Director for a five-year term. These decisions are subject to shareholder approval via postal ballot.

04Mar 25

Jupiter Wagons Approves ₹2,000 Crore Related Party Transaction and Relocates Foundry

Jupiter Wagons Limited has approved a ₹2,000 crore related party transaction with Jupiter Tatravagonka Railwheel Factory Private Limited. The company is relocating its planned captive alloy steel foundry from Jabalpur to Bandel, West Bengal. Mr. Ganesan Raghuram has been re-appointed as an Independent Director for five years, subject to shareholder approval. The company will seek shareholder approvals via postal ballot for these decisions.

03Mar 25

Jupiter Wagons Accelerates into Electric Mobility with New Product Launch, Manufacturing Facility, and Revenue Targets

Jupiter Wagons Limited is diversifying into the electric mobility sector. Its subsidiary, Jupiter Electric Mobility, has launched JEM TEZ and opened a new manufacturing facility in Indore. The company plans another facility to produce 8,000-10,000 electric light commercial vehicles annually. Jupiter Electric Mobility targets Rs 100 crore revenue in its first year with projected 2x year-on-year growth.

27Feb 25

Jupiter Wagons Subsidiary Lands ₹255 Crore Order, Expands Production Capacity

Jupiter Wagons Limited's subsidiary, Jupiter Tatravagonka Railwheel Factory, has secured a ₹255 crore order from Braithwait & Co for 9,140 wheelsets. The company is expanding its production capacity with a new facility in Odisha, increasing annual output from 20,000 to 100,000 forged wheelsets. This ₹2,500 crore investment aims to reduce India's import dependence. The company targets ₹600 crore revenue from its wheel business by FY26. Additionally, Jupiter Wagons is diversifying into electric mobility with the planned launch of JEM TEZ in March 2025.

27Feb 25

Jupiter Wagons Sets Ambitious Revenue Target for Wheel Business, Secures Major Order

Jupiter Wagons Limited plans to double its wheel business revenue to Rs 600 crore by FY26. Its subsidiary secured a Rs 255 crore contract for 9,140 wheelsets, boosting the total order book to Rs 560 crore. The company is expanding its manufacturing capacity in Odisha, increasing annual production of forged wheels and axles from 20,000 to 100,000 units by December 2027. Jupiter Wagons is also diversifying into electric mobility with the launch of JEM TEZ planned for March 2025.