In its effort to expand its commercial e-mobility fleet, JBM Auto, the flagship company of the USD 2 billion JBM Group, has plans to launch additional electric buses in the ecologically sensitive western ghats, including Goa.
Recently, the company bagged orders for 5,000 electric buses from some state transport undertakings (STUs) and private companies. These orders constitute a combination of general combination of contracts (GCC) and independent orders, it said in a statement.
“Considering the large volume of the orders, JBM Auto is considering deploying end-to-end e-mobility ecosystem across India by devising and manufacturing products within the country. A part of the orders is for cities in the western ghats,” the company added.
JBM Auto, with a market capitalization of Rs 16,635 crore, seeks to address the issue by various measures such as inclusion of escrow clauses, especially when the industry has been repeatedly raising the need for a payment security mechanism when most of the STUs continue to struggle with weak financial health.
“Goa is part of the western ghats and is a great national and international tourist destination where environmental sensitivity is our prime concern. 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,” JBM Group Vice Chairman and Managing Director Mr Nishant Arya said.
He further said that while JBM Auto has commanded 100 per cent market share in the tarmac electric buses segment FY 2022-23.
As many as 70 JBM Auto-built electric tarmac buses operate across several
airports in India. The total orders include the same variant besides the inter-state coaches, city, staff and school buses.
