JBM Auto Limited, a leading automotive company, announced today that its subsidiary, JBM Ecolife Mobility Private Limited, has been awarded the coveted Tender as a bus operator for the Procurement, Supply, Operation, and Maintenance of 1,390 Electric Buses under the PM-eBus Sewa Scheme. The company also secured the development of allied electric and civil Infrastructure on Gross Cost Contracting (GCC) terms.
The Tender declared as L1, signifies a significant milestone for JBM Auto Limited, solidifying its position in the burgeoning electric mobility sector. The procurement of 1,390 electric buses, accounting for approximately 65% of the total, underscores the company’s commitment to sustainable transportation solutions.
Sanjeev Kumar, Company Secretary, and Compliance Officer of JBM Auto Limited expressed his gratitude, stating, “We are thrilled to have been awarded this prestigious Tender, which aligns perfectly with our vision of promoting eco-friendly transportation solutions. This initiative not only demonstrates our dedication to environmental sustainability but also highlights our technological prowess in the electric vehicle domain.”
Under the terms of the contract, JBM Ecolife Mobility Private Limited is entrusted with the task of ensuring the seamless operation and maintenance of the electric buses, contributing to the government’s efforts to promote clean and green public transportation.
The project, expected to be executed within 12-18 months, holds a significant order value of approximately Rs. 7,500 Crore, further solidifying JBM Auto Limited’s position as a key player in the electric mobility segment.
The announcement comes as a testament to JBM Auto Limited’s unwavering commitment to innovation, sustainability, and technological advancement in the automotive industry. With this landmark achievement, the company is poised to make substantial strides towards a greener, more sustainable future for India’s transportation landscape.
