Jindal Mobilitric, the EV division of Jindal Worldwide Limited (JWL), has introduced its latest electric vehicle model, offering an impressive range of 165 km—among the highest in its segment.
The company has submitted the model for homologation and is awaiting government approval. Once approved, the EV will be launched through Jindal Mobilitric’s existing dealer network.
Currently operating with 35 dealers across India, the company aims to expand to 100 dealers within the next year. With a fully operational production facility in place, Jindal Mobilitric is ready to begin deliveries as soon as approvals are granted.
The new EV marks Jindal Worldwide’s strategic foray into the fast-evolving electric mobility sector through Jindal Mobilitric. The company has submitted the model for homologation and is currently awaiting the necessary approvals from authorities. Once cleared, the vehicle will be rolled out through the firm’s established dealer network.
Commenting on the development, a spokesperson of Jindal Worldwide, said, “Electric mobility is the future of transportation and our foray into EV production is a strategic and significant milestone for us. The research and development of the EV has been done in-house and we are excited about its launch.”
Jindal Mobilitric has set up a manufacturing plant with production capacity of 2.5 lakh vehicles per annum at Ahmedabad. It has also set up an in-house fully automated battery manufacturing plant with similar production capacity. The objective of setting-up an in-house battery plant is to ensure highest level of battery safety to ensure greater trust in EV products and contribute to faster adoption of EVs in India.
Further updates, including timelines and specifications of the EV, will be made available on the company’s official website and social media channels.
The company’s consolidated net profit rose 42.10% to Rs 25.01 crore on a 52.41% increase in net sales to Rs 630.51 crore in Q2 FY22 over Q2 FY21.
