JBM Auto: Wins Order Worth Rs 5500 Crores
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JBM Auto Limited has been awarded the Tender for the end-to-end execution of 1,021 Electric Buses and the 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.
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.
