The company commanded a 100 percent market share in the tarmac electric buses segment FY 2022-23.
19 Jul 2023 | 10140 Views | By Autocar Professional Bureau
With an order book of more than 5,000 electric buses countrywide Gurgaon-based JBM Auto has plans to expand its commercial e-mobility fleet adding to Goa its Electric footprint for intra- and inter-city and tarmac buses, which the bus maker showcased at the ongoing three-day transport fair in Panaji.
JBM Group Vice Chairman ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
With an order book of more than 5,000 electric buses countrywide Gurgaon-based JBM Auto has plans to expand its commercial e-mobility fleet adding to Goa its Electric footprint for intra- and inter-city and tarmac buses, which the bus maker showcased at the ongoing three-day transport fair in Panaji.
JBM Group Vice Chairman and Managing Director Nishant Arya said, “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. While JBM Auto, as has been the practice so far, will fulfil the orders in time, we are extremely happy that the company commanded 100 percent 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.
The company which has a market capitalisation of Rs 16,635 crore, seeks to address the issue of payment securitisation for STU orders by incorporating various measures such as the inclusion of escrow clauses, Nishant Arya further stated while speaking at the three-day transport fair in Goa.