JBM Auto Limited has announced the formation of a new wholly-owned subsidiary, JBM EV Ventures Private Limited, according to a regulatory filing on February 26, 2025. The Certificate of Incorporation for the new entity was issued by the Registrar of Companies for Delhi and Haryana on February 19, 2025, and received by JBM Auto on February 25, 2025.
As per the filing under SEBI regulations, the new subsidiary has an authorized share capital of Rs. 10 lakhs and a paid-up capital of Rs. 5 lakhs, with JBM Auto holding full ownership of the company. The primary focus of JBM EV Ventures Private Limited will be to offer electric vehicle (EV) battery services on a subscription basis, including the leasing and renting of EV batteries.
Additionally, the subsidiary will be involved in the research, development, manufacturing, and sale of advanced battery technologies and related products. Other business activities will involve supporting the adoption of electric vehicles, engaging in both government and private sector initiatives to promote sustainable transportation, and pursuing additional ventures that align with the company’s goals.
While the subsidiary has not yet started operations, this move positions JBM Auto to take advantage of the expanding EV market in India. This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No.
JBM Group is a dynamic and forward-thinking organization dedicated to delivering value-added products, services, and innovative solutions to its customers. With a diverse portfolio spanning automotive, engineering and design services, and renewable energy, the Group operates 35 manufacturing plants and 4 engineering and design centers across 18 locations worldwide. Generating a turnover of $1.2 billion, JBM Group has expanded its reach by emphasizing quality-driven solutions, advanced product development processes, flexible manufacturing systems, and contract manufacturing.
