Jindal Worldwide subsidiary commences EV operations; targets ₹100 Cr turnover in FY27
Jindal Mobilitric, a subsidiary of Jindal Worldwide, is launching its R40 electric scooter. Commercial dispatches are expected from July 2026. The company targets ₹100 crore turnover in FY27 and ₹350 crore in FY28. It has a manufacturing capacity of 2.5 lakh units and plans to expand dealerships to 100 in 12 months.
The launch of a new product line in the electric vehicle segment, with significant capacity, revenue targets, and market expansion plans, is expected to have a substantial impact on the company's future growth and market position.
The announcement details the launch of a new product in the growing EV sector, including production capacity, order book, dealership expansion plans, and revenue targets, indicating positive business development.
Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide Limited (JWL), is commencing commercial operations with its maiden electric scooter, R40. The R40 offers a claimed range of 165 kilometres on a single charge and has been developed through in-house R&D. Commercial dispatches are expected to begin from July 2026, subject to regulatory approvals.
The company has established an integrated manufacturing ecosystem in Ahmedabad, including an electric two-wheeler manufacturing facility with an annual production capacity of 2.5 lakh units and an automated in-house battery manufacturing facility of equivalent capacity.
Jindal Mobilitric has secured an order book of approximately 1000 units and currently has 35 dealerships, aiming to expand to 100 dealerships within the next 12 months.
Mr. Amit Agarwal, Vice-Chairman & Managing Director of JWL, stated that Jindal Mobilitric is expected to generate a turnover of approximately ₹100 crore in FY 2027 and ₹350 crore in FY 2028. The company aims to contribute to India's green mobility mission and create sustainable value for stakeholders.
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Jindal Worldwide Limited filed this with the NSE as a statutory disclosure, categorised under product launches. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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