JBM Auto Limited Incorporated a Fully Owned New EV Subsidiary

Key Highlights:

• JBM Auto has incorporated a fully owned new subsidiary.
• The Certificate of Incorporation was issued by the Registrar of Companies on February 19, 2025.
• The subsidiary has an authorized capital of Rs. 10 lakhs.
• The subsidiary will focus on providing EV battery services and developing advanced battery technologies.
• JBM Auto aims to capitalize on the growing electric vehicle market in India.

JBM Auto Limited has announced the incorporation of a new fully owned subsidiary, JBM EV Ventures Private Limited, as per a regulatory filing on February 26, 2025.

Certificate of Incorporation

The Certificate of Incorporation for this new company was issued by the Registrar of Companies, NCT of Delhi and Haryana, on February 19, 2025, and was received by JBM Auto on February 25, 2025.

As per the disclosure under SEBI regulations, JBM EV Ventures Private Limited has been set up with an authorized share capital of Rs. 10 lakhs and a paid-up capital of Rs. 5 lakhs. JBM Auto owns 100% of the shares in this new subsidiary.

Objectives of JBM EV Ventures

The main goal of JBM EV new Ventures is to offer electric vehicle (EV) battery services on a subscription basis, which includes leasing and renting of EV batteries. The subsidiary will also focus on the research, development, manufacturing, and sale of advanced battery technologies and related products.

Supporting Electric Vehicle Adoption

The new subsidiary will also engage in activities to support electric vehicle adoption, participate in government and private sector initiatives promoting sustainable transportation, and explore other related business opportunities that align with the company’s goals.

Compliance with SEBI Regulations

Business operations for the subsidiary have not yet started. This strategic move seems aimed at positioning JBM Auto to benefit from the growing electric vehicle market in India. The company made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

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 Ecolife Mobility Secures Mega Order for 1,021 Electric Buses Under PM e-Bus Sewa Scheme-2

CMV360 Says

This move by JBM Auto to start a new subsidiary focused on electric vehicle batteries seems like a smart decision. With the growing interest in electric vehicles in India, the company is positioning itself to be a key player in this emerging market. By offering battery services and focusing on advanced technology, JBM Auto could meet the increasing demand for EV solutions.