JBM Auto, a leading automotive company in India, has entered into a joint venture with renowned European bus manufacturer Solaris Bus & Coach S.A. to manufacture India’s first 100% electric buses ECOLIFE in the country. The JV ‘JBM Solaris’ will invest Rs 300 crore towards engineering, design and development, manufacturing, supply chain development among other focus areas in this electric mobility project completely made in India. ECOLIFE was recently unveiled as India’s first 100% electric bus at 13th Auto Expo in February 2016.
This JV will introduce globally proven European technology for Electric Vehicles, which is sustainable and affordable, first time in India. The key focus will be towards locally developing indigenous sources for all key aggregates, systems & components catering to domestic & global requirements. Solaris shall be bringing in its proven domain strength in electric buses while JBM Auto will provide its in-house engineering & design expertise, market know-how along with the manufacturing facilities and infrastructure.
The production of ECOLIFE will start by Q4 of FY16-17 at Kosi in state of Uttar Pradesh incorporating variants of 9 & 12 meters. JBM Solaris shall further work towards indigenously bringing in the complete range of buses in further phases.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 131.95 |
| Tube Investments | 3048.15 |
| Bosch | 38138.45 |
| UNO Minda | 1178.05 |
| CIE Automotive India | 474.85 |
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