JBM Group’s new portfolio of electric mobility products will allow it to enter the electric bus market in Ladakh, Jammu & Kashmir, Chandigarh, Punjab, Himachal Pradesh, and Haryana. According to a report, the electric city buses of the company are currently operational in 12 states.
“JBM electric bus, ECOLIFE currently operates in 12 Indian states. We now plan to enter the J&K and Haryana, Himachal Pradesh, and Chandigarh markets for electric buses as these states/union territory hold huge potential,” said MD & Vice Chairman, Nishant Arya, JBM Group.
The release stated that the group had unveiled its first electric luxury coach, ‘Galaxy,’ and also showed three new series of electric buses: an intra-city bus, ECOLIFE, and E-BIZLIFE for staff.
Arya stated in the release that the government is aiming to improve domestic EV manufacturing by increasing customs duty on imports. This is a reflection its larger shift towards green growth.
He was also pleased with the announcement by the government in the Union Budget to eliminate customs duty on capital goods/machinery used for the manufacture of lithium-ion cells in EV batteries. He also appreciated the extension of subsidies for electric batteries for an additional year.
