Jupiter Wagons to invest INR 1,500 Crore to upgrade Wagon manufacturing and Wheel plants

Unnati More May 28, 2024 0

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.

Also Read: RfP issued for development of convention centre in Vizag

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.


Biltrax Construction Data is tracking 30,000+ projects on their technology platform for their clients.

Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.

Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information as well as opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.

0

Discover more from Biltrax Media, A Biltrax Group venture

Subscribe to get the latest posts sent to your email.

Leave a Reply

Your email address will not be published. Required fields are marked *