JBM Auto to Introduce More E Buses in Western Ghats
The overall orders comprise the same version besides the inter-state coaches, city, staff, and school buses.
July 20, 2023. By Nivedita Ojha
Nishant Arya, Vice Chairman and Managing Director of JBM Group, added, “Our plans to launch electric buses in the region, including Goa, is a reflection of our commitment to green and clean mobility. This also shows that the states are equally keen to adopt electric buses. While JBM Auto, as has been the practice so far, will fulfil the orders in time, we are extremely happy that the company commanded 100 percent market share in the tarmac electric buses segment FY 2022-23”.
As the number 70 JBM Auto-built electric buses run throughout several airports in India.
The overall orders comprise the same version apart from the inter-state coaches, city, staff, and school buses.
The firm which has a market capitalisation of INR 16,635 crore, seeks to refer the issue of payment securitisation for STU orders by amalgamating multiple measures such as containing escrow clauses, Nishant Arya further added while discussing at the three-day transport fair in Goa.
These orders form a combination of General Combination of Contracts (GCC) and independent orders.
JBM Group was founded in 1983.
The firm begins collaborating with the largest car manufacturer of India in 1987 to become a USD 2.6 billion global consolidation with a presence in over 10 countries.
The firm has integrated the manufacturing of buses, to provide holistic and sustainable solutions for the future through the EV ecosystem business segment.
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