Last week, Jupiter Wagons said it has plans to launch two electric vehicles in FY26. “We have launched our first vehicle. We are going to be launching two other vehicles by the end of this year,” said Vivek Lohia, Managing Director at Jupiter Wagons. The company is also expanding its dealership network, with 8–10 new outlets expected to open across India in the next two months.
The battery business is witnessing rapid growth, with sales rising “about 200% month-on-month.” Lohia added that the company will launch its first battery energy storage system (BESS) this month, available in 10-foot and 20-foot formats, citing strong demand in the segment.In April–June 2025 (Q1FY26), Jupiter Wagons posted revenue of ₹459 crore, net profit of ₹31 crore, and margins at 12%. The sharp year-on-year decline — 50% in revenue and 66% in profit — was driven by a shortage of wheelsets from Indian Railways. However, Lohia said wheel supplies have “stabilised considerably” since July, and Jupiter expects to meet its ₹5,000 crore revenue target for FY26. Margins, guided at 14–15%, also remain on track.
Jupiter is moving ahead with its ₹2,500 crore capex plan, including a major project with export potential to the European Union. The Aurangabad wheel facility is expected to generate ₹600 crore in revenue this year, rising to ₹2,000 crore next year.
Jupiter Wagons shares gained 13% to hit an intraday high of ₹372.85 apiece on Thursday, August 21. The stock was up 11% at ₹366.25 apiece around 10.50 am. It has declined 27.75% this year, so far.
Also Read: HAL confirms CCS approval of 97 LCA mk-1A jets; stock recovers
First Published: Aug 20, 2025 4:37 PM IS
