JBM Auto

JBM Auto on Wednesday launched its first self-designed and self-manufactured electric luxury coach 'Galaxy' here at Auto Expo 2023. The company, a part of USD 2.2 billion JBM group, also showcased its new series of e-buses, including city bus, staff bus and school bus. Expanding the company's offering in the emerging electric vehicle segment, JBM Auto Vice Chairman Nishant Arya said it will grow "exponentially" over the next few years. "The new range of electric buses will address the growing market requirements, especially the fleet owners, who are looking for sustainable, safe, reliable and profitable solutions," said Arya. However, the company did not disclose the price of the coach. Currently, 1,000 JBM electric buses are plying in 12 states. "JBM group is the only player in the Indian market to offer an entire EV ecosystem and is committed to investing in green mobility solutions," Arya added. Besides, JBM Auto will invest in upgrading manufacturing capacity and setting up

In the past two weeks, it has rallied 26 per cent in an otherwise volatile market. In comparison, the S&P BSE Sensex was down 3 per cent, during the same period

The company has aquired 51% stake in JBM Green Energy Systems and JBM EV Industries through its subsidiary JBM Electric Vehicles.

The markets may consolidate after two days of strong gains for the benchmark indices

The board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each

The board of directors of JBM Auto are scheduled to meet on December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each

JBM Auto is cautiously optimistic for FY22 due to higher spend in infrastructure, PLI scheme, scrappage policy and the work done so far within the company.

The high acquisition cost may still be a dampener for the financially beleaguered STUs

The buses also have features like electronic braking system, public address system and kneeling mechanism

The company has received orders for supply of 700 units of JBM 'CITYLIFE' fully air conditioned BS-VI CNG low-floor buses from Delhi Transport Corporation

The incorporation of JBM Ecolife Mobility will leverage the growth opportunities in the evolving Emobility/ Electric Vehicles Segment including e-buses etc

The company received orders for CNG buses orders from Delhi Integrated Multi-Modal Transit System and for Airport tarmac applications from Spicejet & Indigo airlines.

The stock hit a new high of Rs 624, zoomed 101% from Rs 310 on August 8, 2017 as compared to 3% rise in the S&P BSE Sensex

JBM Auto has moved higher by 9% to Rs 242 on the BSE in intra-day trade.

The stock surged 20% to Rs 158 on the BSE in intra-day trade on back of heavy volumes.

Solaris is Europe's largest electric bus maker, and has sold over 14,000 buses in 30 countries