Jay Bharat Maruti hikes stake in JBM Ogihara Die Tech

Key Highlights:

• JBM Auto has increased its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT).
• The stake acquisition was made from the joint venture.
• JODT specializes in manufacturing press stamping dies.
• The company reported a turnover of Rs 48.97 Cr for the financial year 2023-24.
• JBML aims to strengthen its production capacity.

Jay Bharat Maruti Limited (JBML) has raised its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49%. This was done by purchasing shares from its joint venture partner, Ogihara Thailand Co. Ltd. (OTC). JBML, which makes auto systems and assemblies and is a key supplier to Maruti Suzuki India Ltd.. The company made this move to strengthen its production capabilities.

JODT’s Expertise

JODT is a joint venture between JBML, JBM Auto Ltd. (JBMA), and OTC. For the financial year 2023-24, JODT reported a turnover of Rs 48.97 Cr. The company specializes in producing and selling press stamping dies, including high-tensile and critical body-in-white (BIW) dies. 

JBML sources these high-tensile and critical BIW dies from JODT, which uses advanced manufacturing technology from Ogihara. With its increased stake, JBML aims to boost its production capacity and further align its operations with Maruti Suzuki India Ltd.

JBM Auto Limited is a prominent player in India's automotive and engineering sector. The company focus on manufacturing auto components, electric vehicles, and engineering solutions. The company is part of the JBM Group, which operates across various industries, including automotive, renewable energy, and engineering.

JBM Auto provides a wide range of products, such as sheet metal components, assemblies, tools, dies, and bus bodies, to major automobile manufacturers. It serves original equipment manufacturers (OEMs) in both the passenger and commercial vehicle sectors. With manufacturing facilities across India, the company utilizes advanced technology for precision engineering and automated production.

In recent years, JBM Auto has increased its focus on electric mobility, offering electric buses through its EV division. These buses are designed for both public and private transportation and come with features like fast charging and intelligent fleet management systems. The company has partnered with various stakeholders, including government bodies and transport corporations, to promote the adoption of electric mobility solutions. In addition to automotive manufacturing, JBM Auto is also engaged in renewable energy initiatives, such as providing solar power solutions. The company incorporates sustainable practices into its operations and focuses on energy-efficient manufacturing processes.

About JBM Electric Vehicles

JBM Electric Vehicles began its journey in 1983 by manufacturing cylinders. As technology grew, the founder had a vision of “JBM inside,” inspired by Intel’s “Intel inside” in computers. The goal was for every vehicle in India to have a JBM component inside. Today, with JBM producing half a million auto components daily, this vision has become a reality.

Starting with a collaboration with India’s largest car manufacturer in 1987, JBM has grown into a $3.0bn global company with a presence in over 10 countries. The company has focused on scalability and sustainability, always guided by the principle of ‘One JBM.’ The true strength lies in the commitment of over 30,000 JBM employees who work together to deliver excellence every day.

Also Read: JBM Auto Limited Incorporated a Fully Owned New EV Subsidiary

CMV360 Says

Increasing its stake in JODT allows JBM Auto to have more control over the production of high-tensile and critical dies, which are crucial for making quality auto parts. This will improve JBML's manufacturing capabilities and further align its operations with Maruti Suzuki. It's a right move for the company to improve efficiency, increase production and strengthen its position in the automotive industry.