Jupiter Electric Mobility Pvt. | Latest market updates

Shares of Jupiter Wagons soar on ARAI approval

This approval signifies compliance with the Central Motor Vehicles Rules and greenlights the commencement of production for the JEM TEZ, India’s first 1-ton commercial EV.

About Approval

Jupiter Electric Mobility, a subsidiary of Jupiter Wagons Ltd., has received ARAI approval for its innovative JEM TEZ, India’s first 1-ton commercial electric vehicle (EV). This significant milestone paves the way for production and marks a major step towards a greener future for India’s transportation sector.

The JEM TEZ boasts several impressive features that set it apart from the competition. JEM TEZ utilizes cutting-edge technology to achieve a remarkable charging time of 0-100% in just 20 minutes at combined charging stations, the fastest in the industry. Additionally, the onboard charger allows for a full charge in under 2 hours.

With a certified range of 127 kilometres, the JEM TEZ is ideally suited for various commercial applications, ensuring efficient and reliable performance. JEM TEZ comes equipped with a robust telematics system that enables real-time monitoring of vehicle health and performance. This allows for proactive maintenance and swift troubleshooting, maximizing fleet uptime and efficiency.

JEM TEZ production is set to commence shortly, solidifying Jupiter Electric Mobility Pvt. Ltd.'s position as a pioneer in the Indian EV space. The company plans to expand its product portfolio in the future, offering a comprehensive range of electric vehicles, including medium and heavy commercial vehicles, and buses. With its commitment to innovation, sustainability, and quality, Jupiter Electric Mobility is poised to play a significant role in shaping the future of India’s transportation landscape.

Share Price Movement

Jupiter Wagons’ share price experienced a significant surge, trading at Rs 584.30, a gain of 2.54% compared to the previous close of Rs 569.85. The share made an intraday high and low of Rs 590 and Rs 553 respectively. The share has a 52-week high of Rs 594 and a 52-week low of Rs 125.20, indicating overall positive momentum. The company’s market capitalization of Rs 24,003.73 crore further reflects its substantial presence within the railway wagons industry.

About the company

Jupiter Wagons Limited (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across Freight Wagons, Locomotives, Passenger Coaches (LHB), Braking Systems, Metro Coach, Commercial Vehicles, ISO Marine Containers, and products such as Couplers, Draft Gears, Bogies and CMS Crossings.

Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited, offers commercial electric vehicles (EVs) to businesses, promoting sustainable environmental practices. JEM aims to become a reliable, eco-friendly brand with an innovative, agile approach, focusing on Smart City development and modern infrastructure.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.