MoneyWorks4Me

Jay Bharat Maruti planning to set up new manufacturing plants in Haryana, Gujarat

11 May 2023 Evaluate

Jay Bharat Maruti is planning to set up 2 new manufacturing plants in the state of Haryana and Gujarat to cater to the requirements of its key customer Maruti Suzuki in both the regions. These plants will be commissioned at Kharkhoda, Sonipat in Haryana and SMG Suppliers’ Park in Gujarat. The new plant at Kharkhoda, Sonipat in Haryana will provide capacity enhancement so as to meet the requirements of Maruti Suzuki’s new manufacturing plant at IMT Kharkhoda, which is expected to be commissioned by FY2025. 

The company is also planning to set up an assembly facility in the new Gujarat facility for supplying auto assemblies. It will invest around Rs 300-350 crore in a phased manner in line with its customer’s growth strategy. 

Jay Bharat Maruti, a joint venture between JBM Group and Maruti Suzuki India (MSIL), is the flagship company of the $2.6 bln JBM Group. The company is engaged in the manufacturing of key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools & dies, etc. for India’s largest car maker, Maruti Suzuki India.


Peers
Company Name CMP
SamvardhanaMotherson 164.40
Tube Investments 2605.00
Bosch 47800.00
UNO Minda 1240.00
Bombay Burmah Trdg. 1510.30
View more..