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From Railways to EVs: Jupiter Wagons’ Strategic Shift to Electric CVs

Indian Railways supplier Jupiter Wagons has plans for the country’s fast-growing EV market.

By Shahkar Abidi

19 Mar 2025

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From Railways to EVs: Jupiter Wagons’ Strategic Shift to Electric CVs

Over the years, Jupiter Wagons Ltd, a publicly traded company on the Bombay Stock Exchange, carved out a niche within the Indian Railways supply chain, specialising in high-tech components—wheels, axles, rolling stock and braking systems—tailored to the country’s gradual transition towards high-speed rail. But while its railway division thrived, its commercial vehicle segment that supplies load bodies and chassis to OEMs like Tata Motors—remained a steady but relatively much smaller contributor to revenue.

“The question was, how do we revolutionise that part of the business,” said Vivek Lohia, Managing Director of Jupiter Wagons Ltd., at the launch of the ...

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