JBM Auto company acquires 51% stake in JBM Green Energy to increase localization of EV batteries, aggregates
The acquisition is aimed at increasing the localization of EV batteries, aggregates, and other critical components
JBM Auto Limited, one of the leading vehicle manufacturers in India, has acquired 51% stake in JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited through its subsidiary JBM Electric Vehicles Private Limited, the company said in a regulatory notification on 10 January 2022.
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