TNI || New Delhi || 24th Sept 2021
JBM Auto, the Gurugram based company has said that it has received orders for supplying 500 CNG & Electric Buses from many state governments.
The company has confirmed that it has procured orders for BSVI CNG buses from DIMTS- Delhi Integrated Multi-Modal Transit System Limited.
Besides Delhi, the company JBM Auto will also be supplying buses to BMTC- Bengaluru Metropolitan Transport Corporation.
According to JBM, they have also received an order to deliver electric buses in Jhansi, Uttar Pradesh.
In addition to the state governments, JBM Auto has received contracts from a few corporate clients as well.
In a regulatory filing, JBM Auto said these orders will be executed in the current financial year itself. Formed in 1996, JBM Auto happens to be the flagship company of the JBM Group and has diversified into bus manufacturing with a focus to become a world-class producer of intra-city buses.
The company‘s share value saw a sharp surge of 14% after it bagged this pan-India order.