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JBM Auto Plans to Invest Rs. 500 Crore to Enhance Manufacturing Capacity

News Date 16 Jan 2023

JBM Auto Plans to Invest Rs. 500 Crore to Enhance Manufacturing Capacity

The brand has recently launched its new electric luxury coach, “GALAXY”, in the ongoing 16th edition of Auto Expo.

JBM Auto is planning to invest Rs. 500 Crore in this financial year to increase the capacity of its manufacturing units. In addition, they also want to expand their R&D of the product and its technology. The Vice Chairman of JBM Group, Mr Nishant Arya, said,“We are investing around Rs. 500 Crore for our electric bus capacity enhancement and for product and technology R&D this calendar year 2023”. He also said the Buses market would reach its numbers of pre covid-19 times, and the electric bus segment will be a substantial part of the business.

In Auto Expo 2023, the brand entered the long-range electric luxury coach segment with “GALAXY”. The bus comes with an advanced chemistry of lithium-ion battery and has a company-claimed range of 1000 kilometres. In addition, the brand has also showcased 3 new bus series in the Expo show. The other 3 bus series will cater to the city, staff and school segments. Right now, the brand has more than 1,000 electric buses in the 12 states of our country. 

Talking about the technologies behind the high range and fast charging of the buses, Mr Nishant Arya said, “We are using high-density advanced chemistry lithium-ion batteries. For the first time in India, an ultra-fast charging system is used. The time required to charge a bus is the same as charging a cell phone. In 50-60 minutes, it can be fully charged.”

According to him, in the financial year of 2027, 1,00,000 buses will be sold in the Indian market, of which 50% will be electric. As a result, 50,000 electric buses will be in the market in FY 2027, and the growth rate will be 5 to 10%. Also, the JBM group is targeting to expand its annual manufacturing capacity to 20,000 by FY 2027. 

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