Jupiter Electric Mobility Unveils JEM TEZ and New EV Plant in Indore

Jupiter Wagons informed the exchanges that Jupiter Electric Mobility (JEM), the electric vehicle arm of the Jupiter Group, has taken a major step in supporting India’s Atmanirbhar Bharat vision with the launch of its flagship electric light commercial vehicle (e-LCV), the JEM TEZ.

The company also inaugurated a cutting-edge EV manufacturing plant in Pithampur, Indore, a rapidly emerging hub for the automotive and electric vehicle industry.

Details of JEM TEZ

The newly launched JEM TEZ boasts advanced industry-leading specifications, making it a strong contender in the e-LCV category. It features a 190+ km true range, an 80 kW peak motor power, and a 1.05-ton certified payload capacity. Additionally, the vehicle offers a 23% gradeability, ensuring efficient performance on steep inclines.

A standout feature of JEM TEZ is its fast-charging capability, allowing it to gain over 100 km of range in just one hour on any CCS2 charger, making it an ideal solution for last-mile logistics and urban freight transport. The vehicle is launched at an ex-showroom price of ₹10.35 lakh, making it an attractive option for businesses looking to transition to sustainable transportation.

State-of-the-Art EV Manufacturing Facility

To support the production and expansion of its electric commercial vehicle portfolio, JEM has established a new manufacturing facility in Pithampur, Indore, spanning 2.5 acres. This plant is designed to produce 8,000–10,000 e-LCVs annually, with plans for future expansion to cater to the increasing demand for electric commercial vehicles.

The facility features an in-house skateboard platform to vehicle assembly unit, ensuring efficient and high-quality manufacturing. The plant aligns with the Make in India and Vision@2047 initiatives, contributing to India’s domestic EV production growth and reducing dependency on imports.

Strategic Expansion and EV Ecosystem Development

The company stated that JEM TEZ would be launched in a phased manner across key markets, including Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, Kolkata, and Chennai, where EV adoption is rapidly growing.

To enhance its market presence, JEM is collaborating with Porter, Pulse Energy, Battwheel, Tapfin, and other partners to develop an integrated EV ecosystem. These partnerships focus on charging infrastructure, financing solutions, and after-sales support, ensuring a seamless transition to electric mobility.

Speaking at the inauguration, the Managing Director of Jupiter Group, Mr Vivek Lohia, stated, “The inauguration of our Pithampur facility marks a defining movement for JEM and India’s sustainable mobility future. With advanced manufacturing and cutting-edge technology, we aim to set new EV industry benchmarks while driving economic growth, infrastructure development, and job creation. With an initial annual capacity of 8,000 to 10,000 e-LCVs, JEM has set its sights on ambitious growth, aiming to significantly ramp up production volumes in the future.”

He further added, “We are aiming to achieve a revenue of ₹100 crore in our first year of operations, with a projected year-on-year growth of at least 2X. This growth strategy includes expanding our product portfolio with new variants to meet evolving market demands. We have built an integrated ecosystem that ensures reliability, efficiency, and sustainability for commercial fleet operators. This facility represents our commitment to innovation, community empowerment, and a cleaner, greener future.”

Conclusion

With the launch of JEM TEZ and its advanced manufacturing facility, Jupiter Electric Mobility is setting new benchmarks in the electric commercial vehicle segment. By prioritising technological innovation, operational efficiency, and sustainable solutions, the company is actively contributing to India’s clean mobility transformation.

On March 4, 2025, Jupiter Wagons share price opened at ₹281.00, touching the day’s high at ₹293.45, as of 9:51 AM on the NSE.

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