Railway stock in focus after its EV subsidiary launches new manufacturing facility in Indore
News by Aliceblue News Desk
03 Mar 2025
Introduction:
Leading railway EV manufacturer has launched a new electric light commercial vehicle and inaugurated an advanced manufacturing facility in Indore. This expansion strengthens India’s EV ecosystem, supporting sustainable last-mile logistics and reinforcing the country’s Make in India and Atmanirbhar Bharat initiatives.
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Share price movement of Jupiter Wagons:
On March 3, 2025, Jupiter Wagons Ltd opened at ₹292.50, up 1.47% from its previous close of ₹290.10. The stock reached a high of ₹296.05 (2.06%) and a low of ₹270.20. By 3:06 PM, it traded at ₹285.85, with a market cap of ₹12,147.01 crore.
Jupiter Electric Mobility Expands with JEM TEZ Launch:
Jupiter Electric Mobility (JEM), the EV arm of Jupiter Group, has launched its flagship electric light commercial vehicle, JEM TEZ, and inaugurated a state-of-the-art manufacturing facility in Indore. The move aligns with India’s Atmanirbhar Bharat and Make in India initiatives.
The JEM TEZ boasts a 190+ km true range, 80kW peak motor power, and 1.05-ton payload capacity. Its fast-charging feature enables a 100 km charge in one hour via CCS2 chargers, making it ideal for last-mile logistics and urban freight transportation.
JEM’s new 2.5-acre facility in Pithampur, Indore, has an annual production capacity of 8,000–10,000 e-LCVs, with plans for expansion. The plant enhances domestic EV manufacturing, reducing import dependency while supporting India’s Vision@2047 sustainability goals.
Recent news on Jupiter Wagons:
As of February 13, 2025, Jupiter Wagons Ltd secured a ₹600 crore order from Ambuja Cement and ACC for BCFCM rakes. This boosts its order book to ₹7,000 crore, reinforcing its leadership in railway wagon manufacturing across multiple facilities.
Stock performance of Jupiter Wagons for Period of 1 week, 6 months, and 1 year:
Jupiter Wagons Ltd has faced a downturn, with its stock declining 5.96% over the past week, 47.8% in six months, and 20.9% over the past year, reflecting market challenges despite strong order inflows and business expansion.
Shareholding pattern of Jupiter Wagons:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 68.10% | 68% | 70% |
| FII | 3.40% | 3.50% | 4.10% |
| DII | 1.70% | 2.00% | 0.90% |
| Public | 26.70% | 26.40% | 24.80% |
About Jupiter Wagons:
Jupiter Wagons Ltd (NSE: JWL) is a leading mobility solutions provider, manufacturing freight wagons, locomotives, commercial vehicles, and railway components. With global partnerships and multiple facilities, it serves industries like railways, defense, logistics, and infrastructure, ensuring technological excellence and growth.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
News Author
Aliceblue News Desk
