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JBM Auto enters into agreement to form JVC

14 May 2018 Evaluate

JBM Auto has entered into the shareholder’s agreement with Jay Bharat Maruti and Ogihara (Thailand) Company on May 11, 2018. The agreement is to set up a new tool room for manufacturing of press stamping dies including Ultra High Tensile and critical BIW Dies by forming a new Joint Venture Company (JVC).

JBM Auto is an automotive company that manufactures auto systems and city buses. The company manufactures sheet metal components for automobiles, and tools and dies for automobiles.

Peers
Company Name CMP
SamvardhanaMotherson 159.00
Tube Investments 2388.70
Bosch 44450.00
UNO Minda 1106.60
Bombay Burmah Trdg. 1270.15
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