Jupiter Wagons is planning an ambitious expansion across multiple vectors. The company has outlined an estimated investment of INR 1,500 Crore over the next two years.
Of the total investment, approximately INR 1,200 Crore will be allocated to the wheel project. The goal is to expand the train wheel manufacturing capacity significantly. Currently producing 20,000 wheels annually, Jupiter Wagons plans to increase this to 100,000 wheels per year within the next two years.
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Moreover, Jupiter Wagons aims to diversify from its core wagon manufacturing business. The company wants to increase revenue from other verticals beyond wagons. It will launch its first electric light commercial vehicle (ELCV) with a one-ton payload by July. Subsequently, Jupiter Wagons intends to introduce other ELCVs with higher payloads later in the year.
With the current capacity of 8,000 wagons annually, Jupiter Wagons plans to reach 10,000 wagons by 2024-25. By 2025-26, the target is to manufacture 12,000 to 15,000 wagons annually.
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