JBM Auto Limited has informed the Exchange about Product launch
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Awaiting price reaction for this filing.
JBM Auto's subsidiary, JBM Electric Vehicles, launched its all-electric city bus ECOLIFE at the UITP Summit 2025 in Hamburg, marking its entry into the European Union market. The bus offers up to 400 km range per charge, ultra-fast charging, and uses recycled materials. As part of its European push, JBM EV has partnered with German leasing firm KazenMaier to deploy over 100 electric buses and has set up its European headquarters in Frankfurt. The subsidiary currently has 11,000 electric buses deployed globally, an annual production capacity of 20,000 buses in India, and has clocked 165+ million e-kilometres serving over 1 billion passengers so far. The company targets 3 billion e-kilometres and 10 billion passengers over the next 3-4 years.
Positive for shareholders — the European market entry, a new leasing partnership with deployment of 100+ buses, and the Frankfurt HQ signal international expansion and revenue diversification beyond India. Investors should watch for follow-up order confirmations and EU revenue contribution in coming quarters.