JBM Auto has taken a significant step towards strengthening its position in the electric vehicle (EV) ecosystem by establishing a wholly owned subsidiary, JBM EV Ventures Private Limited. This new entity will focus on providing battery services on a subscription basis, enhancing the accessibility and sustainability of EV adoption in India.
Key Details of the New Subsidiary
JBM Auto officially registered JBM EV Ventures Private Limited with the Registrar of Companies, NCT of Delhi & Haryana on February 19, 2025, receiving the certificate of incorporation on February 25, 2025.
- Ownership & Capital Structure
- JBM Auto holds 100% ownership in the subsidiary.
- The authorized share capital is INR 10 lakh, with a paid-up share capital of INR 5 lakh.
- Primary Objective
- The new entity will provide EV battery services to customers through leasing and rental models.
- It will focus on research, development, manufacturing, and sale of advanced battery technologies and related products.
Driving EV Adoption & Sustainability
JBM EV Ventures will actively contribute to the EV ecosystem by:
✔ Enhancing battery technology through continuous R&D.
✔ Supporting government and private sector initiatives aimed at promoting sustainable mobility.
✔ Expanding EV infrastructure to boost accessibility and convenience for consumers.
Also Read: Electric Adoption in India Public Transport to Reach 40% by FY30
JBM Auto's Growing Influence in the EV Market
JBM Auto has been making strides in the EV sector, reporting an 8.3% YoY increase in net profit, reaching INR 52 crore in the October-December 2024 quarter. The company’s revenue from operations rose by 3.7% to INR 1,396 crore, reflecting steady growth in its market presence.
Additionally, JBM Ecolife Mobility Pvt Ltd, an existing subsidiary, recently secured a major order under India's PM e-Bus Sewa Scheme-2. The contract involves delivering 1,021 electric buses worth approximately INR 5,500 crore, further solidifying JBM Auto’s leadership in the electric mobility sector.
Conclusion
With the launch of JBM EV Ventures Private Limited, JBM Auto is reinforcing its commitment to sustainable transportation solutions. By offering innovative battery services and pioneering advancements in EV technology, the company is set to play a crucial role in India's shift toward a greener future.
Also Read: Tata EV Hits a Milestone with 2 Lakh EVs on Indian Roads
