JEM TEZ development has been in the works for three years. The JEM TEZ—a one-tonne vehicle—boasts a class-leading on-road range of approximately 190 kilometers and features fast-charging capability, achieving a full charge in just one hour, said Vivek Lohia, Managing Director of Jupiter Group.
With the highest payload capacity in its class and positive market feedback, the JEM TEZ is set to roll out to dealers this month, with plans to introduce two-tonne and three-tonne variants by year’s end.
Beyond the EV launch, Jupiter Group is positioning itself to capture a significant share of India’s e-LCV market, which currently sells between 400,000 and 500,000 vehicles annually.
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The idea is to be ready with the entire bouquet so that we can aggressively tap this segment, he added.
Jupiter Group’s commitment to electric mobility is underscored by its ownership stake of around 75% in the electric mobility vertical. Alongside the JEM TEZ launch, the company is embarking on a massive capacity expansion in its wheel manufacturing business,
planning to invest nearly ₹2,500 crore over the next two years.
Jupiter Tatravagonka Railwheel Factory, a subsidiary of Jupiter Wagons, on February 27, secured a ₹255 crore supply order from Braithwaite & Co for 9,140 high-performance wheelsets.
This expansion involves scaling up operations at the existing Aurangabad facility and establishing a new greenfield plant in Odisha, which will bolster production capacity to 200,000 wheelsets—half of which is earmarked for export to the European market.
This strategic leap into electric mobility underscores Jupiter Group’s vision to not only keep pace with the rapidly evolving automotive landscape but also to lead the charge toward a cleaner, more efficient future for commercial transportation.
Jupiter Wagons , a Jupiter Group company, has a current market capitalisation of ₹12,463.26 crore and has seen its shares lose more than 28% over the last year.
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