Jindal Mobilitric targets 100 showrooms by FY28, expanding EV retail footprint.
Jindal Mobilitric plans to expand its EV retail network to approximately 100 showrooms by FY28. The company aims to open around 40 showrooms by FY27, with the rest by FY28. Production is operational, and 52 dealers have been appointed, with initial showrooms opened in Srinagar and Jaipur.
The expansion of the retail network and dealer appointments are positive steps for the company's EV business, which could lead to increased market penetration and revenue, but the full impact will depend on market reception and execution.
The announcement details significant expansion plans for the company's EV arm, including ambitious showroom targets and positive early customer feedback, indicating strong growth prospects.
Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide Limited, has announced plans to significantly expand its retail network, aiming for approximately 100 showrooms across India by the end of FY28. This expansion is part of a strategy to enhance customer experience and accelerate electric vehicle (EV) adoption nationwide.
The phased expansion plan includes the establishment of around 40 showrooms by the end of FY27, with the remaining showrooms to be rolled out progressively through FY28. This approach is designed to maintain consistent quality in customer experience, ensure robust after-sales support, and facilitate disciplined capital allocation.
Commercial operations have already begun, with the manufacturing facility in Ahmedabad fully operational. The company has launched its first two showrooms in Srinagar and Jaipur, and has appointed 52 dealers across India. Early customer response to the products has been encouraging.
Amit Agarwal, Director at Jindal Mobilitric Private Limited, expressed confidence in the company's growth trajectory, stating, "Reaching 100 showrooms by FY28 is an ambitious goal, but one we are fully committed to and excited about. We see the next two years as a defining growth phase for the Company, and we are confident of delivering strong, sustained results for our shareholders as we build one of India’s most trusted electric mobility brands."
A plain-language summary of a public exchange filing by Jindal Worldwide Limited. Read the original for the full detail.
