Jupiter Electric Mobility (JEM) launched its first electric light commercial vehicle (eLCV), a one-tonne payload truck called TEZ, at an event in Indore, marking its entry into India’s fast-evolving EV logistics space. 

The company, which has previously worked with Tata Motors and Volvo, aims to capitalise on the country’s push for sustainability, efficiency and self-reliance in transportation.

“Electric mobility is no longer an option but an imperative,” said Jupiter Group Managing Director Vivek Lohia, at the launch event. “With rising fuel costs and environmental concerns, this is the right moment to bring fully indigenous, high-performance eLCVs to market.”

The newly unveiled truck promises industry-leading specifications, including a robust electric drivetrain, extended range and smart connectivity features. 

JEM has also committed to rapid product expansion with two- and three-tonne variants expected by the end of the year.

Besides the eLCV, the company also inaugurated it's state-of-the-art manufacturing facility in Prithapur that will serve as the backbone of its electric vehicle production strategy, ensuring high localisation and reduced import dependency. 

Currently, the plant is equipped with a capacity of around 10,000 units a year, which the company plans to increase with demand. 

“We have invested around INR 1.5 billion in the manufacturing unit. Our built-to-suit model ensures these eLCVs are tailored for real-world applications. The focus is on engineering solutions that are not just innovative but also practical and commercially viable,” informed Jupiter Group Deputy Managing Director Vikash Lohia. 

“A vehicle alone cannot drive change. We need a complete ecosystem for seamless adoption,” Vikash emphasised.

The new facility spans 2.5 acres and is equipped with an in-house skateboard platform to vehicle assembly unit, reinforcing JEM’s focus on ground-up manufacturing. 

With a keen focus on durability, JEM’s trucks are designed for high-utilisation applications such as e-commerce, grocery and cement transportation. The vehicles also incorporate advanced remote monitoring and predictive analytics, catering to leasing firms and fleet operators seeking better asset management.

Manufacturing journey 

Speaking at the launch, Jupiter Electric Mobility Director Kartik Hajela informed, " Three years ago, the company set its sights on entering the electric truck segment. The challenge was competing with established players in an industry that has operated for decades. But the company saw electrification as a reset, a new starting point for all. Unlike traditional automotive products that move directly from retail to end-use, EVs demand an ecosystem approach spanning financing, insurance, and charging infrastructure."

"With market readiness still evolving, we took a patient approach, iterating vehicle design multiple times to ensure adaptability across applications. The goal was to create a product that isn’t confined to a single use case. Given that commercial vehicles remain in operation for 10 to 15 years, resale value and versatility were key considerations," he added.

Range anxiety was another major concern. The company engineered its trucks to deliver an on-road range exceeding 190 km with heavy payload capabilities. 

The vehicle’s 265 Nm torque and 80 kW motor enabled it to handle high-load applications. Fast-charging capabilities were also built in, allowing for a 100 km top-up in just one hour. Battery longevity was another strategic bet. 

"While some questioned the company's decision to oversize the battery two years ago, falling costs worked in the our favor. The result is a vehicle offering longer life cycles, fewer charge cycles and sustained reliability," added Hajela. 

The company also identified fleet financing and leasing as a growing market segment. 

"Many last-mile operators, influenced by the gig economy, prefer renting over ownership. To address financiers’ concerns about asset risk, the company developed an in-house telematics platform, integrating sensors to track vehicle wear, overload and driver behavior. This proprietary system offers predictive insights, helping leasing firms manage their fleets more efficiently," said Hajela. 

The company's roadmap focuses on continuous range improvement and deeper integration of smart vehicle monitoring. With a blend of hardware innovation and software intelligence, the company seeks to position itself as a key player in India's evolving commercial EV space.

The company is also expanding its footprint through a state-wise rollout, beginning with key markets such as Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, Kolkata and Chennai. 

Strategic collaborations with partners like Porter, Pulse Energy, Battwheel and Tapfin will further strengthen JEM’s presence in the EV sector.

The vehicle is priced at INR 1,035,000 (ex-showroom). Deliveries are slated to start in March. 

JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.

The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.

Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.

The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."