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Vivek Lohia

Director

Jupiter Wagons Group

1 Rating

E-MOBILITY IN INDIA Jupiter Wagons forays into EV segment with the launch of ‘Jupiter Electric Mobility’

Jun 6, 2022

Jupiter Wagons (JWL), a prominent manufacturer of wagons, high-speed brake systems, and railway and engineering equipment, partners with GreenPower Motors, a US-Canada based publicly listed EV company, to introduce LCV, MCV, and HCV categories in the 3 to 20-tonne range.

Jupiter Wagons (JWL) recently entered the electric mobility market with the launch of ‘Jupiter Electric Mobility’ (JEM) focusing on commercial EV vehicles. The company has formed a joint venture with EA GreenPower, a wholly owned subsidiary of GreenPower Motor Company Inc. The joint venture will mark GreenPower Motor’s entry into India, focus on ECVs for Indian and other markets, and launch products in the passenger transit and cargo market in the next two years. They also intend to shift their manufacturing hub to India from China and export from there to the global markets. JEM will work with GreenPower Motor to undertake end-to-end production in India and establish service facilities in key markets to expand to after-sales requirements for a seamless customer experience.

Owing to this partnership, the Indian market will see the rolling out of Light Commercial Vehicles (LCV), Manufacturing Commercial Vehicles (MCV ), and Heavy Commercial Vehicles (HCV ) categories from 3 to 20 tonnes range. The company's distribution network will focus on B2B with logistics businesses, e-commerce companies, and FMCG. On the other hand, the secondary market will examine the retail channels as a B2C market. In the following three years, the corporation intends to invest ₹200 crores.

Expressing his views, Vivek Lohia, Director, Jupiter Wagons Group, stated, “With the introduction of ‘Jupiter Electric Mobility,’ we aim to meaningfully contribute toward the electrification of vehicles by reducing dependence on conventional power sources while bringing cost efficiencies to the business. With our JV with GreenPower Motors, we seek to align the technology assets of both organisations by generating safety and sustainability in the EV market. The GreenPower ECVs will allow us to satisfy a wide range of unmet business needs."

Adding to it, Brendan Riley, President, GreenPower, commented, "GreenPower has entered into a joint venture with Jupiter Wagons Group, to bring GreenPower’s EV Star Cab and Chassis to the Indian market. We are excited to be working with Jupiter to homologate the Right-Hand Drive model of GreenPower’s EV Star CC and conduct demonstrations with customers through JWL's distribution channels. The joint venture leverages the strengths of both groups while we identify the best market opportunities.”

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