JBM Group to foray into electric bus markets of THESE 6 states - check list here

With its new portfolio of e-mobility products, JBM Group is eyeing to foray into the electric bus markets of Jammu & Kashmir, Ladakh, Haryana, Himachal Pradesh, Chandigarh, and Punjab. Currently, the company's electric city buses are operational in 12 states, as per PTI report. 

According to the company's release, JBM Auto has showcased its 100 percent electric coach -- Galaxy -- and city bus -- ECOLIFE -- at the ongoing EV Expo in Chandigarh.

"JBM electric city buses, ECOLIFE, are operating across 12 states of India. We now plan to enter the J&K, Ladakh, Haryana, Himachal Pradesh, Chandigarh and Punjab markets as these states/union territories hold a huge potential for electric buses," said JBM Group Vice-Chairman and MD Nishant Arya.

Also Read: Hyundai sold over one lakh vehicles in rural areas in 2022: HMI CEO Tarun Garg

The group rolled out its maiden electric luxury coach 'Galaxy' at last month's Auto Expo and had also showcased three other new series of electric buses, including an intra-city bus - ECOLIFE, staff bus E-BIZLIFE and electric school bus E-SKOOLIFE, the release said.

The government has made it clear that it aims to boost the domestic EV manufacturing sector with its decision to increase customs duty on importing EVs, which is a reflection of its larger move towards green growth, Arya said in the release.

He also welcomed the government's Union Budget announcement to remove customs duty on capital goods/machinery for the manufacture of lithium-ion cell in EV batteries and appreciated the step of subsidy extension on electric batteries for another year.

(With PTI Inputs)