Jindal Mobilitric, a Jindal Worldwide subsidiary, launched an EV with a 165 km range, pending government approval. The company plans dealer expansion from 35 to 100.
Jindal Mobilitric, a subsidiary of Jindal Worldwide, has introduced its new electric vehicle model, offering a range of 165 kilometres on a single charge. As per the company’s filing on Tuesday, the vehicle has been submitted for homologation and is currently under review for government approval.
Jindal Mobilitric, a division of Jindal Worldwide Limited (JWL), has officially unveiled its new electric vehicle (EV) model, boasting an impressive range of 165 kilometres, which is highlighted as one of the highest in the industry. The company has submitted its products for homologation and is awaiting government approval, with a planned launch through its established dealer network as soon as the necessary approvals are received.
Currently, Jindal Mobilitric has 35 dealers and aims to expand this number to 100 within the next year. The production facility is already prepared to commence manufacturing once approvals are in place. Further information regarding the EV launch will be made available on the company's official website and social media platforms.
For the quarter ended March 2025, the company reported a marginal year-on-year increase in revenue from operations, which rose to ₹605.50 crore from ₹573.80 crore, marking a growth of 5.52%. This growth was primarily driven by the normalization of business operations and strong demand for fabric in both domestic and export markets. However, profit after tax declined to ₹22 crore compared to ₹28.20 crore in the same quarter last year, reflecting a decrease of 21.99%.
On an annual basis, the company posted a revenue of ₹2,288.10 crore in FY25, up from ₹1,814.10 crore in FY24, registering a growth of 26.13%. Profit after tax for the full year remained almost flat, increasing slightly to ₹75.90 crore from ₹75.60 crore, showing a marginal growth of 0.40%.
Jindal Worldwide Share Price
As of July 8, 2025, Jindal Worldwide share price was trading at ₹47.77, experiencing an intraday decline of 0.91%. The company's 52-week high is ₹94.24, and the 52-week low is ₹47.27.
In terms of returns, the stock has seen a 1-year negative return of 30.54% and a 5-year return of 396%.
Jindal Worldwide Limited is a diversified company primarily engaged in the manufacturing of denim, textile products, and now, through its division Jindal Mobilitric, electric vehicles. The company is known for its wide range of textile products and is expanding its footprint into the growing EV market, aiming to leverage its established infrastructure and dealer network for product distribution.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only