Why Jindal Worldwide Shares Hit 20% Upper Circuit Today

Jindal Worldwide Share Price Today: Jindal Worldwide shares surged 20% on Thursday, September 3, reversing the previous session's nearly 5% decline. The sharp move came after Jindal Mobilitric Private Limited, the company's electric vehicle arm and subsidiary, announced plans to expand its retail network to around 100 showrooms across the country by the end of FY28.

The company has also announced the reappointment of Managing Director Amit Yamunadutt Agarwal for a three-year term.

Jindal Worldwide shares opened at ₹40.52 on the NSE, compared with Wednesday's close of ₹40.19. The stock subsequently hit an intraday high of ₹48.22, its highest level in more than a year, before hitting the 20% upper circuit.

The stock has gained 30% in a week, 19% in a month and 66% so far in 2026. It has gained 29% over the past year and 285% over 5 years, while it has declined 38% over three years.

As of 3 Sep, 3.30 PM

Jindal Mobilitric Plans 100 EV Showrooms by FY28

Jindal Mobilitric plans to expand its retail network to approximately 100 showrooms across India by the end of FY28. The company plans to execute the expansion in phases:

• Around 40 showrooms by the end of FY27

• Remaining showrooms to be operationalised progressively through FY28

The expansion is aimed at strengthening last-mile customer experience, improving after-sales support and accelerating EV adoption across the country.

The company said the phased approach will also help maintain a consistent customer experience and support disciplined capital deployment as the network expands.

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Ahmedabad Plant Operational, First Showrooms Open

Jindal Mobilitric has already commenced commercial operations, with its manufacturing facility in Ahmedabad fully operational.

The company has opened its first two showrooms in Srinagar and Jaipur, marking the beginning of its pan-India retail expansion. It said early customer footfalls and conversions at the two outlets have been encouraging.

Jindal Mobilitric has also appointed 52 dealers across the country. The dealer network is expected to support the planned showroom expansion and increase market presence across urban and semi-urban areas.

The company is focused on designing, developing and manufacturing electric vehicles for the Indian market through its in-house manufacturing facility.

Conclusion: What Does This Mean for Investors?

Jindal Worldwide's latest share-price surge follows its EV arm's plan to build around 100 showrooms by FY28, with around 40 targeted by FY27. The company has already started commercial operations, opened showrooms in Srinagar and Jaipur and appointed 52 dealers. 

For investors, execution of the planned retail expansion, customer response and the company's ability to scale its EV operations will remain key developments to watch.