Jupiter Wagons switching tracks: To expand rail supply chain beyond wagons | Company News

Amid a surge in railway infrastructure spending, Jupiter Wagons, a rail wagon and element producer, is searching for to increase its affect within the railway provide chain past its core enterprise, based on the corporate’s managing director, Vivek Lohia.

“We’re targeted on diversifying and are having discussions on this. Down the road, you’ll hear some bulletins from us,” Lohia stated in an interview with Enterprise Normal.
 

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The corporate goals to seize the rolling inventory substitute market, which, it believes, will supersede the unique gear manufacturing market sooner or later, each when it comes to capability growth and know-how upgrading.

“Within the subsequent month or two, we may also be taking a look at exports. Subsequent yr, our brake disc enterprise will likely be targeted 50 per cent on the Indian market and the remainder on exports. Going ahead, we’re additionally taking a look at wheel manufacturing. Proper now, we’re importing wheels from China. We are going to announce our plans for solid wheels for each freight and passenger enterprise quickly,” Lohia stated.

The corporate is seeking to enhance its brake disc enterprise to Rs 1,000 crore within the subsequent three to 4 years.

The elevated infrastructure urge for food in India has helped the corporate register a 170 per cent progress in its revenue after tax to Rs 228 crore within the first three quarters of the monetary yr.

Jupiter Wagons can be seeking to capitalise on its rolling inventory portfolio unbiased of Indian Railways, the place it’s the largest provider of personal wagons. Near 30-35 per cent of all wagons provided by the business are for the non-public business, based on Lohia.

The Ministry of Railways, final yr, imposed a two-year moratorium on its non-public wagon scheme amid considerations that the business barely had sufficient capability to fulfil orders by the railways.

Lohia stated that the problem was by no means capability growth, however that the order circulate by railways was uneven, making producers hesitant to develop capability, as a future dry-up of orders would render the capability growth redundant.

This has been streamlined with a gradual circulate of orders. Within the October-December quarter, Jupiter Wagons was one of many profitable bidders in a railway wagon tender, profitable the contract to provide 4,000 wagons to the nationwide transporter.

Now, the corporate is seeking to develop its wagon capability by 25 per cent to 1,000 wagons a month.

Lohia added that there are discussions occurring with quite a few different car producers seeking to shift their provide chains to railways beneath the car freight practice operator scheme.

The corporate has just lately secured an order from Maruti Suzuki India for the availability of 4 rakes of double-decker sport utility car provider wagons value Rs 100 crore.

Over the previous six monetary years, the railways’ capital expenditure utilisation for the acquisition of rolling inventory has doubled to Rs 41,000 crore (2024-25 Funds Estimates).

Jupiter Wagons had earlier introduced its plans to introduce a industrial electrical car (EV) focusing on the small payload market.

The corporate’s first EV, Lohia stated, is more likely to be out available in the market by April, as it’s within the superior phases of Automotive Analysis Affiliation of India certifications. “Proper now, our facility in Indore can have an goal of creating 5000 EVs yearly, and we will obtain these volumes throughout the subsequent one-two years. We have already got growth plans prepared for it.”

The EVs are primarily geared toward fleet operators in cities working in a variety of 200 kilometres.

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