Jindal Mobilitric to Expand EV Dealership Network to 100 by 2026; Product Launch Awaiting Approval

New Delhi, July 9, 2025 – Ahmedabad-based electric vehicle manufacturer Jindal Mobilitric, a subsidiary of textile giant Jindal Worldwide, has announced plans to significantly expand its dealership network across India. The company aims to grow its presence to 100 dealerships by next year, up from the current 35.

EV Production Scaled for Growth

Jindal Mobilitric has already established a dedicated EV manufacturing facility in Ahmedabad with an annual production capacity of 2.5 lakh vehicles. In a move to enhance product reliability and vertical integration, the company has also set up an in-house battery manufacturing unit with a matching capacity.

Product Launch Awaiting Approval

Jindal Mobilitric has taken the wraps off its new electric two-wheeler, designed to deliver a range of up to 165 kilometres on a single charge. The company has already completed the necessary homologation process and is now waiting on final approvals from the government. Once the green light comes through, sales will begin across its expanding network of dealerships.

“As soon as the approval comes into place, the company plans to launch its products through the dealer network it has established,” the spokesperson confirmed.

Focus on Battery Safety and EV Adoption

The in-house battery plant was set up with a strategic focus on enhancing battery safety, building consumer trust in EV technology, and accelerating the adoption of electric vehicles in the country.

Jindal Worldwide Stock Performance

Jindal Worldwide shares are trading at ₹47, which is a 0.40% gain as of 1:48 PM IST on July 9, 2025. Jindal Worldwide shares have witnessed a 30% decline over the last year, a 43% decrease year-to-date, and a 20% drop in the previous month.

About Jindal Worldwide

Jindal Worldwide Ltd is a fully integrated textile fabric and shirting manufacturer. It is also recognized as one of the world’s largest producers of denim fabric, with a significant presence in the global textile industry. The company’s venture into electric mobility aligns with India’s growing focus on sustainable transportation.

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