JBM Auto Limited’s subsidiary, JBM Ecolife Mobility Private Limited, has won a massive tender for the procurement, supply, operation, and maintenance of 1,021 electric buses. This project also includes the development of allied electric and civil infrastructure under the PM-eBus Sewa Scheme (Tender-II) on a Gross Cost Contracting (GCC) basis.
Key Details of the Order
- Awarding Entity: Convergence Energy Services Limited (CESL) under PM-eBus Sewa Scheme-II.
- Nature of the Order: Execution of 1,021 electric buses, along with the necessary charging and civil infrastructure.
- Execution Timeline: 12-18 months.
- Total Order Value: ₹5,500 Crore.
- Deployment Locations: Around 19 cities across Gujarat, Maharashtra, and Haryana.
- Related Party Transaction?: No.
This contract includes a Payment Security Mechanism (PSM), ensuring timely payments and financial stability. The electric buses are expected to cover over 32 billion+ passenger e-kilometers and contribute to reducing 1 billion+ CO₂ emissions over the next 12 years.
With this order, JBM Auto’s electric bus order book has now surpassed 11,000+ units in various stages of execution. The company received the Letter of Confirmation of Quantities on February 18, 2025, and publicly disclosed the development on February 19, 2025, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
A Step Towards Green Mobility
This large-scale deployment of electric buses marks another milestone in India’s journey toward sustainable and eco-friendly urban transportation. JBM Auto continues to play a key role in the country’s EV revolution, contributing to cleaner cities and a greener future.
