Jindal Worldwide shares climbed 5.37% to ₹40.40 after its electric vehicle subsidiary, Jindal Mobilitric, revealed a plan to build a nationwide retail network of 100 showrooms by the end of FY28. The Jindal EV Showroom Expansion is intended to improve customer access, strengthen after-sales support, and accelerate the group’s presence in India’s electric mobility market.
How Will the Showroom Network Expand?
Jindal Mobilitric plans to establish around 40 showrooms by the end of FY ’27. The remaining 60 outlets will be opened progressively during FY28, taking the total network to approximately 100 locations across India.
The phased strategy should help the company maintain a consistent customer experience and disciplined capital allocation. It will create stronger physical touchpoints for sales and service. The Jindal EV Showroom Expansion could, therefore, become central to the company’s last-mile consumer strategy.
Existing Dealership and Manufacturing Footprint
Commercial production has already started at Jindal Mobilitric’s manufacturing facility in Ahmedabad. The plant reportedly has an annual production capacity of 2.5 lakh vehicles, providing the infrastructure required to support retail growth and vehicle dispatches.
The company operates two showrooms in Srinagar and Jaipur. It has appointed 52 dealers across India, establishing a distribution base ahead of the rollout.
Electric Scooter and Revenue Plans
Jindal Mobilitric designs, develops, and manufactures electric vehicles for the Indian market. Its first electric scooter, the R40, is claimed to deliver a range of up to 165 km on a single charge.
Management expects the EV subsidiary’s turnover to reach ₹100 crore in FY27 and increase to ₹350 crore in FY28. This growth outlook is supported by deleveraging at the parent-company level. Successful execution of the Jindal EV Showroom Expansion will be crucial to achieving these sales ambitions.
Jindal Worldwide Reports Strong Q1 Profit
The EV push comes alongside improved financial performance at Jindal Worldwide. Consolidated net profit rose 85.78% year-on-year to ₹32.40 crore in Q1 FY27, compared with ₹17.44 crore during the corresponding quarter. Revenue from operations increased 2.74% to ₹554.72 crore from ₹539.90 crore.
Why This Expansion Matters
Jindal Worldwide remains primarily a textile manufacturer specializing in fabrics, shirting, and denim. Its investment in Jindal Mobilitric marks a strategic move into electric mobility. The Jindal EV Showroom Expansion combines manufacturing capacity, dealer coverage, and physical retail access, potentially positioning the company to compete more effectively as electric two-wheeler adoption rises across India.
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