JBM Auto forms JV with Solaris to make electric buses1 min read . Updated: 20 Jul 2016, 03:48 PM IST
JBM Auto and Solaris Bus will together invest Rs300 crore to introduce globally proven European technology for electric vehicles
New Delhi: Delhi-based auto parts maker JBM Auto Ltd on Wednesday said that it has formed a joint venture with Polish firm Solaris Bus & Coach S.A. to manufacture electric buses in the country.
Both the companies together will invest ₹ 300 crore in engineering, design and development, manufacturing and supply chain development in the project.
“This JV aims at introducing globally proven European technology for electric vehicles, which is sustainable and affordable, first time in India. The key focus will be towards locally developing indigenous sources for all key aggregates, systems & components catering to domestic & global requirements," the company said in a statement.
Solaris will bring its domain strength in electric buses, while JBM Auto will provide engineering and design expertise, market knowhow along with manufacturing facilities and infrastructure. Production of the buses—branded as ECOLIFE— will start in the March quarter of 2016-17 in Kosi, Uttar Pradesh. Initially, the joint venture will produce two types of buses—9 and 12 metres in length.
Andreas Strecker, chief executive officer, Solaris Bus & Coach, said that his company has supplied mass transportation solutions to more than 30 countries all over the world. “This joint venture is a very important step for Solaris Bus and will ensure introduction of our proven technology in electric vehicles. JBM and Solaris together are set to revolutionize public transportation in India," he said.
ECOLIFE is powered with lithium batteries, which can run up to 200 km on single charge.
“This JV between JBM Auto and Solaris Bus perfectly aligns with the government’s vision to make India a 100% electric vehicle nation by 2030," said Nishant Arya, executive director, JBM Auto.