JBM Ecolife Mobility Pvt Ltd awarded tender for 1021 Electric Buses

JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has been awarded the Tender for end-to-end execution of 1,021 [One thousand twenty one] Electric Buses and development of allied electric and civil Infrastructure on Gross Cost Contracting [GCC] under the PM-eBus Sewa Scheme (Tender-II). The project will be supported by a Payment Security Mechanism (PSM), ensuring timely payments to electric bus operators and enhancing financial sustainability for industry stakeholders. The approximate order value of the tender stands at Rs. 5,500 Crore (Rupees Five Thousand Five Hundred crore). These e-buses will be deployed in around 19 cities across Gujarat, Maharashtra and Haryana. The Company has received on 18th February, 2025, the Letter of Confirmation of Quantities eligible for award as issued by Convergence Energy Services Limited [CESL].

JBM Auto stands firmly committed to India's e-mobility revolution. The company's order book continues to retain its robustness with the award of this prestigious tender under the PM-eBus Sewa Scheme (Tender-II) that underscores the Hon'ble Prime Minister's vision to expand the deployment of electric buses to the grassroot level of the Nation. These e-buses will clock over 32 bn+ passengers e-kms and will save over 1 bn+ CO2 emissions over 12 years of deployment. With this order, the company's robust order book now stands at 11,000+ electric buses in various stages of execution, a significant driver towards the achievement of the company's Net Zero 2040 goal.

Source : Equity Bulls

Keywords

JBMAuto JBMEcolifeMobility OrderWin ElectricBus