India's Jindal Worldwide surges to 14-month high on unit's EV expansion plan

Jindal Worldwide

01/09/2026 08:24

** Shares of Jindal Worldwide JINW.NS, an India-based textile manufacturer diversifying into eletric vehicles, climb as much as 15.51% to 44.25 rupees, highest in nearly 14 months
** Rally follows JINW's electric vehicle arm Jindal Mobilitric outlining plans to expand its retail footprint to about 100 showrooms nationwide by fiscal 2028 
** Jindal Mobilitric targets opening around 40 additional outlets by the end of FY2028 as it builds its distribution network 
** Co has already begun commercial operations from its manufacturing plant in Ahmedabad, Gujarat, and has appointed 52 dealers across India 
** Expansion underscores Jindal Worldwide's push to establish a broader presence in the country's fast-growing electric-mobility market 
** JINW shares are up about 48% so far in 2026, according to exchange data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))