Jitendra EV to Invest ₹125 Crore Over 5 Years in Expansion Plan

Electric vehicle manufacturer Jitendra EV is set to invest up to ₹125 crore over the next five years to strengthen its research and development (R&D), accelerate product innovation, and expand manufacturing capacity, according to Co-Founder Samkit Shah.

Of the planned investment, ₹80 crore to ₹100 crore will be allocated toward R&D and product development, while ₹25 crore will go into enhancing the company’s manufacturing infrastructure.

The company, which recently showcased its upcoming hybrid vehicle, Hydrix—scheduled for launch in 2028—is also aiming to double its sales in the current fiscal year. Jitendra EV sold 4,200 units in FY24-25.

“We are committed to long-term growth and innovation, and these investments will play a key role in delivering next-generation mobility solutions,” Shah said.

HBL