Home News JBM Auto looking at making buses and luxury coaches in India

JBM Auto looking at making buses and luxury coaches in India

Indian auto component manufacturer JBM Auto is in the process of signing a joint venture agreement with Italian busmaker BredaMenarinibus to manufacture luxury buses. If the deal goes through, the Delhi-based company will set up a plant at Kosi, near Faridabad, with an initial capacity to produce 2,000 buses a year under the joint venture. The facility is expected to cost the two partners Rs 500 crore, and would go on stream by mid next year. Expected to roll out a 60-seater CNG city bus and a diesel powered coach with high local content, more details about the venture will be made available at the signing of the deal. Known as a automotive tier supplier, JBM Auto caters to the needs of clients like Ford, Honda and Fiat. The company will display its range of products at the Auto Expo 2014.

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

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