JBM Auto planning to invest Rs 800 million to expand EV manufacturing

With "GALAXY," the brand debuted in the long-range electric luxury coach segment at Auto Expo 2023. The bus has advanced lithium-ion battery chemistry and a company-claimed range of 1000 kilometres.

Jay Bharat Maruti Auto (JBM) has planned an investment of Rs 800 crore during the current fiscal year in order to capture the share of the Indian electric transportation market (CY). The intent of this investment is also to expand the capacity of its manufacturing units. They also want to expand their research and development of the product and its technology.

"The domestic electric bus industry is at an inflection point and we intend to have a primary bite of that pie. Although we already have a manufacturing facility in Kosi (near Faridabad in Haryana) that produces 3,000 buses (both CNG and electric), it will not be enough to meet your long-term targets. As a result, we will be establishing another plant in Delhi, NCR with a similar capacity but dedicated to electric buses," said Nishant Arya, Vice Chairman of JBM Auto.

With "GALAXY" the brand debuted in the long-range electric luxury coach segment at Auto Expo 2023. The bus has advanced lithium-ion battery chemistry and a range of 1000 kilometres. In addition, the brand showcased three new bus collections at the Expo show. The other three bus series will serve the city, the staff, and the schools. Currently, the brand has over 1,000 electric buses in our country's 12 states.

"We are using high-density advanced chemistry lithium-ion batteries. An ultra-fast charging system is being used for the first time in India. Charging a bus takes the same amount of time as charging a cell phone. It can be fully charged in 50-60 minutes," commented Mr Nishant Arya, Vice Chairman of JBM Auto.

According to him, in the fiscal year 2027, one million buses will be sold in the Indian market, with half of them being electric. As a result, 50,000 electric buses will be on the market by FY 2027, with a 5-to-10% growth rate. In addition, the JBM group intends to increase its annual manufacturing capacity to 20,000 by FY 2027.

The BSE and NSE-listed company will spend nearly Rs 500 crore on capacity expansion, product development, and other activities, and Rs 300 crore on expanding its operations at the Manesar battery manufacturing plant.

JBM Auto is a Tier-1 auto component supplier to leading carmakers such as Maruti Suzuki, Hyundai, Tata Motors, and others, diversified into bus manufacturing in 2014 by forming a technical collaboration with European bus maker BredaMenarinibus. Four years later, it partnered with Solaris to build electric buses in the country. While the domestic bus manufacturer did not disclose the total amount invested thus far, media reports suggest that it spent Rs 500 crore in the first phase of its operations and a similar amount in its electric bus business.

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