JBM Auto Limited has informed the Exchange about entering into Strategic Partnership with Al Habtoor Motors, UAE
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JBM Auto's subsidiary, JBM Electric Vehicles, has entered a strategic partnership with UAE-based Al Habtoor Motors to introduce and distribute electric buses in the UAE. Al Habtoor Motors will act as the exclusive importer and distributor of JBM's e-buses across urban, staff, school, tarmac, and intercity segments. The collaboration targets reducing CO2 emissions by over 2.8 billion kgs, saving more than 1 billion litres of diesel, and serving over 1.6 billion passengers over the next 10 years. JBM EV currently operates one of the world's largest integrated e-bus manufacturing facilities in India with 20,000 units annual capacity and has already clocked over 200 million kms globally. The partnership supports the UAE's Net Zero by 2050 initiative and combines JBM's EV ecosystem (JBM E-Verse) with Al Habtoor Motors' local distribution strength.
This partnership opens a new geographic market (UAE and potentially broader Middle East) for JBM Auto's EV business, potentially adding a meaningful revenue stream. For shareholders, this is a positive growth signal as it validates JBM's EV technology internationally and leverages a strong local partner to reduce market-entry risk.