Jitendra EV Powers Ahead with ₹125 Cr Investment
April 15, 2025 | India — In a significant move aimed at strengthening its foothold in India’s electric vehicle (EV) sector, Jitendra New EV Tech has announced a strategic investment of ₹125 crore over the next five years. The investment will focus on product innovation, manufacturing expansion, and network growth—marking a bold step toward sustainable mobility.
A Multi-Faceted Investment Plan
The company has allocated ₹80–100 crore towards research & development and product innovation, underlining its commitment to next-gen mobility solutions. A key part of this initiative includes the development of two new flagship models:
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‘Klasoo’, a high-speed electric scooter, is slated for launch in 2025
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‘Hydrix’, a revolutionary hydrogen-electric triquad, is expected to debut in 2028
To support the rising demand and production needs, ₹25 crore will be spent to upgrade the Nashik manufacturing facility, increasing its annual capacity from 60,000 to 96,000 units.
Growth Ambitions for FY25 and Beyond
Jitendra EV is aiming to double its FY24 sales of 4,200 units in the current financial year, backed by its upcoming product launches and ramped-up production capabilities. This ambitious target aligns with the company’s broader mission to democratize clean mobility options across India.
Expanding the Retail Footprint
Further bolstering its market presence, the EV maker plans to open 100 new dealerships across the country. This dealership expansion strategy is aimed at improving accessibility and after-sales service, which are key to driving EV adoption in both urban and semi-urban areas.
Jitendra New EV Tech’s ₹125 crore investment marks a strong declaration of intent in a sector brimming with competition and innovation. With aggressive targets, futuristic products, and a growing retail network, the company is positioning itself as a key player in India’s fast-evolving electric mobility landscape.
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