JBM Auto arm acquires 51% stake in JBM Green Energy
Delhi – JBM Auto Ltd (JBM) of Gurugram (New Delhi) has announced the acquisition of 51% stake in JBM Green Energy Systems Private Limited1 and JBM EV Industries Private Limited2 of New Delhi through its subsidiary JBM Electric Vehicles.
Commenting on the stake acquisition, Mr. Nishant Arya, Vice Chairman & MD, JBM Auto Ltd., said, "This stake acquisition is a true testimony to the fact that JBM Auto is committed towards its mission of commissioning the end-to-end e-mobility ecosystem completely localised in India. As a Company, we started working towards this mission since the announcement of FAME 1 and have, since then, developed synergies between our various businesses in critical e-mobility domains such as electric buses, battery technology, charging infrastructure and other aggregates."
"With a long-term commitment towards zero emission technologies, JBM is consistently creating value for all stakeholders with every upcoming opportunity in the EV domain. We already have more than 25 local vendors for different EV products across India. With the apt support from the government to the sector in the form of various policies, we are at the right cusp of consolidating all our synergies to provide a one stop e-mobility solution. We have already deployed our e-mobility platform solution in various states of India that has been tailored to provide optimum cost of ownership to the customer," Mr. Nishath Arya further added.
1JBM Green Energy Private Ltd. incorporated in 2019 which is engaged in manufacturing complete lithium-ion battery packs for electric vehicles, thereby working towards setting new benchmarks of localisation for manufacturing of electric vehicles as outlined in various government policy initiatives.
2JBM EV Industries Private Ltd. is a Delhi based Manufacture of fabricated metal products, except machinery and auto systems for electric vehicles.
