JBM Ecolife Mobility, a subsidiary of JBM Auto, has been awarded the Tender for end-to-end execution of 1,021 Electric Buses and development of allied electric and civil Infrastructure on Gross Cost Contracting (GCC) under the PM-eBus Sewa Scheme (Tender-II).
The project will be supported by a Payment Security Mechanism (PSM), ensuring timely payments to electric bus operators and enhancing financial sustainability for industry stakeholders. The approximate order value of the tender stands at Rs 5,500 crore. These e-buses will be deployed in around 19 cities across Gujarat, Maharashtra and Haryana. The company has received on February 18, 2025, the Letter of Confirmation of Quantities eligible for award as issued by Convergence Energy Services (CESL).
JBM Auto stands firmly committed to India’s e-mobility revolution. The company’s order book continues to retain its robustness with the award of this prestigious tender under the PM-eBus Sewa Scheme (Tender-II) that underscores the government’s vision to expand the deployment of electric buses to the grassroot level of the Nation. These e-buses will clock over 32 bn+ passengers e-kms and will save over 1 bn+ CO2 emissions over 12 years of deployment. With this order, the company’s robust order book now stands at 11,000+ electric buses in various stages of execution, a significant driver towards the achievement of the company’s Net Zero 2040 goal.
JBM Auto is the flagship company of JBM Group. It is engaged in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories & maintenance contract of Buses.
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