Latest news with #JindalMobilitric
India Today
2 days ago
- Automotive
- India Today
Jindal Mobilitric unveils R40 electric scooter with 165km range
Jindal Mobilitric, a subsidiary of Jindal Worldwide Limited has unveiled its debut electric scooter, the R40, boasting a range of 165km on a single R40 is currently undergoing homologation, and the company anticipates approval shortly. Once cleared, the vehicle will be available through Jindal Mobilitric's existing network of 35 dealerships. Plans are already underway to expand this network to 100 outlets within the next year, signalling the brand's aggressive growth company has established a manufacturing facility in Ahmedabad, capable of producing 2.5 lakh vehicles annually. In addition, a fully automated, in-house battery manufacturing plant with an equal production capacity has been set up. This move aims to enhance battery safety and performance while fostering consumer confidence in EV technology. "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," said a spokesperson from Jindal EV launch marks Jindal Worldwide's strategic diversification beyond textiles into high-growth sectors. Known globally as one of the largest denim fabric manufacturers, the Ahmedabad-based company is now expanding its portfolio to include electric vehicles as part of its long-term details regarding the R40's launch timeline and specifications will be announced via the company's official website and social media to Auto Today Magazine- Ends
Time of India
2 days ago
- Automotive
- Time of India
Jindal Mobilitric unveils R40 e2W with 165 km range
Jindal Mobilitric , the electric mobility division of Jindal Worldwide Ltd , has announced the launch of its new electric two-wheeler , the 'R40', marking the company's strategic entry into India's fast-growing EV sector. According to the company, it offers a range of 165 kilometres on a single charge. The R40 is currently undergoing homologation and it will be rolled out across the country once approvals are in place. With its manufacturing facility in Ahmedabad already operational, the company is ready for full-scale production and distribution. Nationwide expansion in sight Jindal Mobilitric currently operates with 35 dealerships and has ambitious plans to scale up to 100 outlets across India in the next 12 months. The company is positioning itself to become a significant player in the mass electric mobility segment. 'Electric mobility is the future of transportation and our foray into EV production is a strategic and significant milestone for us,' said a company spokesperson. Strong manufacturing backbone Jindal Mobilitric has set up a dedicated electric vehicle manufacturing plant in Ahmedabad with a production capacity of 2.5 lakh vehicles per annum. The facility also includes a fully automated, in-house battery manufacturing unit with an equal production capacity, designed to ensure safety, performance, and reliability in EV batteries. The integrated approach not only enhances product quality but also supports the company's aim to accelerate the adoption of electric vehicles in India by ensuring greater control over critical components like batteries. Further updates on the launch date, pricing, and detailed specifications of the R40 will be shared via Jindal Mobilitric's official website and social media platforms.
Deccan Herald
7 days ago
- Automotive
- Deccan Herald
EV maker Jindal Mobilitric plans to expand dealership network to 100 by next year
New Delhi, Ahmedabad-based electric vehicle (EV) maker Jindal Mobilitric on Wednesday said it is planning to scale up its dealership network to 100 by next company, a subsidiary of the textiles manufacturer Jindal Worldwide, has 35 dealers across the Mobilitric has set up a manufacturing plant with a production capacity of 2.5 lakh vehicles per annum in Ahmedabad. It has also set up an in-house battery manufacturing plant with similar production company has unveiled its electric two-wheeler model, which gives a range of 165 km.."The company has submitted its products for homologation and is expecting government approval soon. As soon as the approval comes into place, the company plans to launch its products through the dealer network it has established," a company spokesperson objective of setting-up an in-house battery plant is to ensure the highest level of battery safety, ensure greater trust in EV products and contribute to faster adoption of EVs in India, the spokesperson Worldwide is an integrated textile fabrics and shirting manufacturer and one of the world's largest denim fabric manufacturers.
Business Standard
7 days ago
- Automotive
- Business Standard
Jindal Mobilitric Unveils EV (Electric Vehicle) With An Impressive 165 Km Range
PNN Ahmedabad (Gujarat) [India], July 9: Jindal Mobilitric, a division of M/s. Jindal Worldwide Limited, as "JWL" (here in M/s. Jindal Mobilitric Private Limited ("the company") is a subsidiary of JWL), has revealed its EV model, which gives a range of 165 km, one of the highest in the industry. The company has submitted its products for homologation and is expecting government approval soon. As soon as the approval comes into place, the company plans to launch its products through the dealer network it has established. The company has 35 dealers and is planning to go up to 100 in the next year. The production facility is ready and will launch the product as soon as the approvals are received by the company. 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 the authorities. Once cleared, the vehicle will be rolled out through the firm's established dealer network. Currently operating with 35 dealers across India, Jindal Mobilitric aims to scale up to 100 dealerships over the next year. The production facility is fully operational and prepared to launch the model and deliveries as soon as approvals are in place. 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.
