The acquisition is being done through one of the group's flagship companies, Neel Metal Products, and it will give access to global platforms and German technology inheritance to Indian operations, JBM said in a statement.
Auto companies are on our radar after Road Transport Minister Nitin Gadkari makes a pitch for green technology in vehicles. In an interview to CNBC-TV18, Nishant Arya, Executive Director of JBM Group discussed the impact.
In an interview to CNBC-TV18, Nishant Arya, Executive Director of JBM Group spoke about the fundraising plans, upto Rs 600 crore, through equity issuances that they announced.
JBM Group expects Rs 2,000 crore revenue and 30 percent topline growth in FY17, says the company's Executive Director Nishant Arya.
The bus division will meaningfully start contributing to the topline this fiscal onwards, said Nishant Arya, Executive Director, JBM Group.
Production of Ecolife, 100 percent electric bus, will start in Q4FY17 in India, says Nishant Arya, Executive Director, JBM Group.
Nishant Arya, Executive Director of JBM Group is of the view that the Budget 2016 is good and focus now turns to what happens to GST.
With a total investment of Rs 120 crore, the solar power plant once commissioned, would have a capacity to produce 20 MW electricity.
The bus 'Citylife' will be manufactured in the company's Faridabad (Haryana) and Kosi (Uttar Pradesh) facilities. These plants have the capacity to deliver 2,000 units per year.
Auto component-maker JBM Group today said it will make a foray into the vehicle manufacturing space through a tie-up with a foreign partner for the launch of buses in India by next fiscal.