About Jupiter Wagons Limited

Jupiter Wagons Limited (formerly Commercial Engineers and Body Builders Co Limited) is an Indian manufacturer of railway wagons, wagon components, castings and metal fabrication for commercial vehicle load bodies. Incorporated on September 28, 1979, the Company’s registered office is in Jabalpur, Madhya Pradesh, and its shares are listed on BSE and NSE. Its manufacturing facilities are located at Hooghly (West Bengal), Jabalpur (Madhya Pradesh), Indore (Madhya Pradesh) and Jamshedpur (Jharkhand) . The Company commenced commercial operations in September, 1979.

Over the decades, Jupiter Wagons has evolved from a freight-wagon specialist into a broader mobility player. It has expanded across forged wheelsets, advanced brake systems and flash‑butt‑welded track infrastructure, while building newer verticals in commercial electric vehicles and batteries for residential, commercial & industrial and utility applications . The Company operates primarily in India and is building export momentum; for instance, its upcoming wheelset capacity has been planned with up to 50% earmarked for global markets .

Jupiter Wagons Limited Key Milestone 

Key milestones in recent years include integration of global technology partnerships and capacity additions in wheelsets and braking systems to reduce import reliance and strengthen supply-chain resilience .

Jupiter Wagons Limited Key Management

• Vivek Lohia – Managing Director
• Vikash Lohia – Deputy Managing Director
• Abhishek Jaiswal – Whole Time Director & Chief Executive Officer
• Swapan Kumar Chaudhury – Whole Time Director (w.e.f. July 13, 2024)
• Sanjiv Keshri – Chief Financial Officer
• Ritesh Kumar Singh – Company Secretary

Latest Updates on Jupiter Wagons Limited

• Capacity expansion: The Company announced a state‑of‑the‑art wheelset forging plant in Khurdha, Odisha, with an investment of Rs 2,500 crore. This will scale production from 20,000 wheels to nearly 1,00,000 forged wheelsets annually by 2027, serving domestic demand (including metro systems and Vande Bharat) and exports (up to 50% of capacity). Financial tie‑up is completed and land has been secured.
• Strategic integration and technology: Jupiter Wagons strengthened manufacturing through collaborations with Kovis India and Tatravagonka, and by acquiring Bonatrans India (now Jupiter Tatravagonka Railwheel Factory), alongside Stone India, significantly boosting in‑house capacity for wheelsets and braking systems. The Company has deployed robotic welding, CNC laser cutting, advanced Shibaura systems, automated shot‑blasting and modern paint booths to enhance precision and efficiency.
• Portfolio progress in electric mobility: Through its subsidiary, Jupiter Electric Mobility (JEM), the Company is scaling commercial EV offerings, including two flagship E‑LCV variants—JEM TEZ and EV STAR CC—for last‑mile logistics . JEM also introduced JEM VAAYU, an indigenous LFP battery solution tailored for agri‑drones and UAVs, aimed at both domestic and export markets.
• Capital and ownership developments: During FY 2024–25, the Company allotted 1,22,04,424 equity shares, taking equity share capital to 42,44,98,049 shares as on March 31, 2025. It also issued 28,72,340 convertible warrants at Rs 470 per warrant to promoter Tatravagonka A.S., exercisable within 18 months from allotment (on or before December 28, 2025).
• Business visibility: The order book stood at Rs 6,303.60 crore as on March 31, 2025, indicating strong medium‑term visibility.