JBM Auto secures Rs 750 crore financing for e-buses project
Leading auto component maker JBM Auto has secured a long-term investment from financial services provider Motilal Oswal. The financing will help the firm to deploy 2,000 e-buses and advance sustainable public transit infrastructure in India.
The infusion of finance will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities.