Jupiter Wagons Plans 2 New Electric Vehicle Launches in FY26

In FY26, Jupiter Wagons Ltd (JWL) will add 2 new electric vehicles to its portfolio. The Kolkata-based company, primarily a manufacturer of railway freight wagons, launched its first EV earlier this year and is now preparing for additional rollouts.

“We have launched our first vehicle. We are going to be launching two other vehicles by the end of this year,” stated Vivek Lohia, Managing Director at Jupiter Wagons, as per news reports.

The company will add 8-10 dealerships across different regions in India over the next 2 months. These outlets will be part of its existing network and are intended to support the upcoming launches.

Battery Segment Developments

As per reports, Sales in JWL’s battery business have been rising by about 200% month-on-month. The company plans to introduce its first Battery Energy Storage System (BESS) this month. The BESS will be available in 10-foot and 20-foot container formats and will cater to various industrial and infrastructure requirements.

Jupiter Wagons Q1FY26 Earnings Results

For Q1FY26, covering April-June 2025, JWL reported revenue of ₹459 crore and net profit of ₹31 crore. This marked a 50% drop in revenue and a 66% fall in profit compared to the same quarter last year. The company attributed the decline mainly to a shortage of wheelsets from Indian Railways. Margins for the quarter stood at 12%.

As per the reports, Wheel supplies have stabilised since July, and it has maintained its target of ₹5,000 crore in revenue for FY26 and a margin range of 14-15%.

Read more: Jupiter Wagons Secures ₹242.41 Crore Order from GATX India!

Capital Investment and Projects

The company’s ₹2,500 crore capital expenditure programme includes a wheel manufacturing facility in Aurangabad. This unit is expected to generate ₹600 crore in revenue in the current fiscal year, with the potential to increase to ₹2,000 crore next year. JWL also anticipates orders from Indian Railways under the PM Gati Shakti scheme, along with demand from private customers.

Jupiter Wagons Share Price Performance

As of 14 August 2025, 12:29 PM, Jupiter Wagons share price was trading at ₹314.75, down ₹2.00 or 0.63% from the previous closing price. The stock has declined 42% over the past year.

Conclusion

JWL is moving forward with its vehicle and battery storage plans, capital projects, and dealership expansion while recovering from early-year supply challenges.

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