Jitendra EV Plans to Invest in EV Development and Manufacturing Capacity Expansion
Key Ideas
  • Jitendra EV to invest up to ₹125 crore in the next 5 years on R&D, product development, and manufacturing capacity expansion.
  • The company aims to double its sales in the ongoing fiscal year, with plans to sell 10,000-15,000 units per month by 2028.
  • Focused on developing high-speed and low-speed electric two-wheelers, including the Hydrix hybrid Triquad powered by hydrogen and electricity.
  • Expansion plans include increasing the sales network with 100 new dealers added this year and targeting key states like Maharashtra, Gujarat, and Delhi.
Jitendra EV, an electric vehicle maker based in New Delhi, is set to invest up to ₹125 crore over the next five years in various areas such as research & development, product development, and enhancing manufacturing capacity. The company aims to double its sales in the ongoing fiscal year and has ambitious plans to sell 10,000-15,000 units per month by 2028. Jitendra EV is focusing on developing both high-speed and low-speed electric two-wheelers to cater to changing customer needs, especially in last-mile delivery for e-commerce. One of their key products, the Hydrix hybrid Triquad, set to launch in 2028, will be powered by both hydrogen and electricity, offering a range of 400 km with a top speed of 120 km/hour. The company's manufacturing facility in Nashik has the capacity to produce 60,000 units annually, which can be increased to 96,000 units. Jitendra EV plans to expand its sales network by adding 100 new dealers this year, with a focus on key states like Maharashtra, Gujarat, Tamil Nadu, and Delhi.
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