News, 13 October 2025
Electric vehicle maker Jitendra EV has announced plans to deploy ₹125 crore over the next five years to supercharge its R&D, product development, and manufacturing capabilities.
According to co-founder Samkit Shah, the company will allocate between ₹80–100 crore toward R&D and new product engineering, while the remaining ~₹25 crore goes to scaling up its manufacturing infrastructure. Their Nashik facility currently produces 60,000 units annually but is being readied for expansion up to 96,000. To support this growth, Jitendra EV has acquired seven acres of land nearby.
On the product front, Jitendra EV hopes to roll out Hydrix, a hydrogen-electric hybrid Triquad, by 2028. The vehicle is expected to deliver ~400 km range and a top speed of ~120 km/h. In parallel, it plans to introduce Klasoo, a performance-oriented two-wheeler, while its current model Yunik (priced at ~₹1,24,083) offers 118 km per charge and a top speed of 72 km/h.
Jitendra EV’s growth ambitions are bold: Shah projects a sales target of 10,000–15,000 units per month by 2028. In FY 2024-25, it sold ~4,200 units (∼3,600 low-speed + 500 high-speed scooters). To fuel the push, they plan to double sales in 2025-26 and expand their dealer network by 100 new partners across India.
This move positions Jitendra EV not just as a player in India’s EV market, but as a company betting on next-gen hybrid mobility and technological differentiation. Their investment bet is clear: innovation + capacity will be the engine for their future growth.
Source: ETManufacturing.in
