Electric Bus Manufacturer Signs Agreement with LeafyBus to Supply 200 Electric Intercity Luxury Buses
The stock gave multibagger returns of 380 per cent in just 2 years; 990 per cent in 3 years and a whopping 3,200 per cent in 5 years.
JBM Electric Vehicles (P) Ltd., the leading Indian Electric Bus manufacturer and EV ecosystem player in India today announced signing a strategic agreement with LeafyBus to supply 200 ultra-modern Electric Luxury Buses. This collaboration marks yet another step by the company towards fostering innovation in green public mobility and decarbonisation aligned with the company’s ESG and SDG goals.
Under the terms of the agreement, JBM Electric Vehicles Pvt Ltd will deliver 200 electric intercity buses equipped with advanced technology and features designed to provide a comfortable, safe, and eco-friendly travel experience for passengers. These buses are set to operate across various routes, enhancing the connectivity between cities while significantly reducing the carbon footprint of intercity travel. This momentous partnership between the two companies marks a pivotal step forward in revolutionizing intercity transportation by combining technology, luxury, safety and convenience.
Key Highlights
- Project Scope: Delivering 200 electric buses comprising 150 high-end electric luxury intercity coaches and 50 e-buses tailored for staff and tourist applications.
- Enhanced Passenger Experience: These zero-emission electric buses will offer passengers unparalleled standards of luxury, safety and comfort with plush interiors and premium amenities to offer a luxurious travel experience.
- Sustainability Commitment: Aligned seamlessly with JBM’s mission towards decarbonisation, reducing carbon footprint and promoting sustainable mobility solutions.
- Green Impact: Foster's clean public transport with an estimated CO2 emission savings of approximately 4 lac tons and diesel savings of 140 million litres over the lifetime of buses.
- Technology Driven: These buses will feature the latest battery technology for extended range, fast charging capabilities and intelligent fleet management systems to optimize routes and energy consumption.
- Operational Timeline: Deliveries to be completed within the next 24 months.
JBM Electric Buses, introduced in 2018, have revolutionized the green public transportation landscape worldwide. Renowned for their exceptional passenger comfort, safety, affordability, and innovative features, these electric buses exemplify JBM's unwavering commitment to excellence. As part of their ambitious 1 billion e-km pledge, JBM electric buses have already achieved a significant milestone of 150 million e-kms, serving a remarkable 1 billion bus commuters globally.
The recent collaboration between JBM Electric Vehicles Pvt Ltd and Leafy Bus further underscores the growing momentum of electric vehicle adoption in India. Both companies share a dedication to sustainable transportation and are excited to introduce cleaner and more efficient travel options to the public. JBM Electric Vehicles (P) Ltd., a subsidiary of JBM Auto Ltd., is a global leader in electric bus manufacturing. With their state-of-the-art manufacturing facility in Delhi-NCR, JBM EV can produce 20,000 electric buses annually. Their extensive portfolio of e-buses caters to various needs, including city, intercity, luxury coach, staff, school, and special purpose vehicles, driving the global shift towards electric mobility.
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About JBM Auto Ltd
JBM Auto Ltd, founded in 1983, is a major player in the automotive industry, manufacturing and selling a variety of products including sheet metal components, tools, buses and electric vehicles. Their business covers not only the vehicles themselves but also spare parts, accessories and maintenance contracts.
The company has a market cap of over Rs 23,000 crore. The stock gave multibagger returns of 380 per cent in just 2 years; 990 per cent in 3 years and a whopping 3,200 per cent in 5 years. Investors should keep an eye on this multibagger auto stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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