R&D and Manufacturing Boost: Jitendra EV's ₹125 Crore Investment Drive

Electric vehicle manufacturer Jitendra EV is set to invest up to ₹125 crore over the next five years to fuel its growth across research and development (R&D), product innovation, and manufacturing expansion.

Of this investment, ₹80–100 crore will be allocated to R&D and product development, while ₹25 crore will go toward enhancing manufacturing capacity. The company’s Nashik facility, which currently produces 60,000 units annually, is slated to ramp up to 96,000 units to support its expansion goals.

To accommodate future growth, Jitendra EV has acquired seven acres of land in Nashik. The company aims to increase monthly sales to 10,000–15,000 units by 2028, supported by the addition of 100 new dealerships—doubling its current network of 100 dealers across 25 cities.

“Our key focus states are Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh, Karnataka, and Delhi,” said Co-Founder Samkit Shah. “We are investing in both high-speed and low-speed electric two-wheelers to meet evolving customer needs, including last-mile delivery in the e-commerce sector.”

News by Rahul Yelligetti.