The shares of an Auto Ancillary company, specializing in manufacturing a wide range of automotive products, including electric buses, commercial vehicles, and auto components are in focus upon incorporation to provide electric vehicle (EV) battery services.
Price action
With a market capitalization of Rs. 13,045.02 crores on Thursday, the shares of JBM Auto Limited down by upto 6.5 percent making a low of Rs. 545.00 per share compared to its previous closing price of Rs. 584.05 per share.
What Happened
JBM Auto Limited has incorporated a wholly-owned subsidiary, JBM EV Ventures Private Limited, with the Certificate of Incorporation received on February 25, 2025. To provide electric vehicle (EV) battery services to customers on a subscription basis, including leasing, renting, and subscription of EV batteries.
The main object of JBM EV Ventures Private Limited
- Research, development, manufacturing, and sale of advanced battery technologies and related products.
- Engage in activities that support the adoption and usage of electric vehicles.
- Participating in government and private sector initiatives to promote sustainable transportation.
- To carry out any other allied business activities that are in the best interest of the company and its stakeholders.
JBM Auto holds 100 percent ownership of the subsidiary, which has an authorized share capital of Rs. 10,00,000 and a paid-up capital of Rs. 5,00,000 and the company has not yet commenced operations.
About the company
JBM Auto Ltd is a leading automotive company committed to promoting e-mobility solutions and plays a key role in the development of electric vehicles in India. JBM Auto manufactures high-quality auto parts and provides innovative solutions for the automotive industry, providing advanced manufacturing technologies and high-quality components for leading automotive brands.
Marquee clients
The company’s major clients include Ashok Leyland, Daimler, Nissan, Renault, FCA, Ford, Toyota, Tata, Honda, Escorts, Mahindra, Force Motors, Tafe, and more.
Financials
The company’s total revenue rose by 4.7 percent from Rs. 1,349.95 crore to Rs. 1,413.97 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 48.66 crore to Rs. 52.64 crore during the same period.
Written by Sridhar J
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