Manufacturer of wagons, high-speed brake systems, and railway & engineering equipment, Jupiter Wagons has entered the electric mobility space to manufacture electric commercial vehicles (eCV) under its new entity, Jupiter Electric Mobility (JEM).
The company has also formed a joint venture with GreenPower Motor to focus on eCVs for Indian and other markets, and launch products in the passenger transit and cargo market in the next two years. In the following three years, the company intends to invest INR 200 crore, a press release stated.
Under the partnership, the parties plan to launch GreenPower Motor’s range of light, medium and heavy commercial vehicles in the 3-20 tonne categories in India, the release added.
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.
Brendan Riley, President, GreenPower Motor, said, “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.”
Vivek Lohia, Director, Jupiter Wagons Group, said with the new JV, the company seeks 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,” Lohia said.
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, the company said.