The JBM Auto stock was up 20 percent in trade yesterday and has gained nearly 150 percent in the last one year.
In an interview to CNBC-TV18, Nishant Arya, ED of JBM Group spoke about goods and services tax (GST) and latest happenings in the company.
On GST front, he said that the company is working on ironing out issues related to GST.
Arya is expecting 20 percent revenue growth on annual basis in FY18.
He further said that the company is investing significantly in research and development (R&D). Company is benefitting from lower tax due to R&D spends.
JBM Auto is a manufacturer for electric buses.
According to him, electric buses are expected to take larger share of the bus business.
Watch accompanying video for more details.
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