EV Game Changer? This Textile Company Forays into EV Sector with 165 km Range Model and Dealer Expansion Plan

DSIJ Intelligence-2 / 08 Jul 2025/ Categories: Mindshare, Trending

EV Game Changer? This Textile Company Forays into EV Sector with 165 km Range Model and Dealer Expansion Plan

Over the past year, the stock has declined by 30.54 per cent, but it has delivered multibagger returns of 396 per cent over the last five years.

Jindal Mobilitric, the electric vehicle division of textile manufacturer Jindal Worldwide Limited, has launched a new EV model offering a range of 165 kilometres on a single charge. The vehicle has been submitted for homologation and is currently awaiting government approval. Once approved, the company plans to commence production and distribute through its existing dealer network.

As of now, Jindal Mobilitric operates through 35 dealers and has outlined an ambitious expansion plan to increase this number to 100 in the next 12 months. The production infrastructure is already in place, positioning the company to swiftly begin deliveries post-approval. Updates regarding the EV rollout will be made available on the company’s official digital platforms.

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From a financial perspective, Jindal Worldwide reported revenue from operations at Rs 605.50 crore in Q4FY25, up 5.52 per cent from Rs 573.80 crore in the same quarter last year. However, the profit after tax declined by 21.99 per cent year-on-year to Rs 22 crore. For the full FY25, revenue stood at Rs 2,288.10 crore, marking a 26.13 per cent increase from Rs 1,814.10 crore in FY24. The annual profit after tax saw a marginal increase of 0.40 per cent to Rs 75.90 crore.

On the stock performance front, Jindal Worldwide—classified as a small-cap company—was trading at Rs 47.77 on July 8, 2025, with a minor intraday decline of 0.91 per cent. The stock has touched a 52-week high of Rs 94.24 and a low of Rs 47.27. Over the past year, the stock has declined by 30.54 per cent, but it has delivered multibagger returns of 396 per cent over the last five years.

Jindal Worldwide, traditionally known for its textile business, is diversifying into the EV segment through Jindal Mobilitric, aiming to capitalise on the growing electric mobility market by leveraging its infrastructure and retail network.

Disclaimer: The article is for informational purposes only and not investment advice.