Deals19 Feb 2025, 08:54 pm
JBM Auto Subsidiary Wins Tender for 1,021 Electric Buses Worth Rs. 5,500 Crore
AI Summary
JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has been awarded a tender for the end-to-end execution of 1,021 electric buses and associated electric and civil infrastructure. The project, valued at approximately Rs. 5,500 Crore, will be supported by a Payment Security Mechanism (PSM) and will see the deployment of e-buses in around 19 cities across Gujarat, Maharashtra, and Haryana. This tender win contributes to JBM Auto's robust order book of 11,000+ electric buses.
Key Highlights
- JBM Ecolife Mobility Private Limited wins tender for 1,021 electric buses and associated infrastructure.
- Project valued at approximately Rs. 5,500 Crore (Rupees Five Thousand Five Hundred crore).
- Deployment in around 19 cities across Gujarat, Maharashtra, and Haryana.
- Payment Security Mechanism (PSM) to ensure timely payments to electric bus operators.
- Significant contribution to JBM Auto's order book, bringing it to 11,000+ electric buses.