At the Auto Expo 2023 Jay Bharat Maruti Auto aka… JBM Auto launched its 1st self designed & manufactured electric luxury coach “Galaxy”.

Specs:

·        12 metre high coach

·        45 passengers Seatng capacity  

·        Powered by Lithium Ion battery

·        Range of 1,000kms per day.

·        Price: Below 2Crs. (US$ 246,000)

It also showcased its new series of eBuses like City Bus, Staff Bus & School Bus.

JBM Auto VC Nishant Arya said the company will grow exponentially over the next few years.

As of now there are about 1,000 JBM electric buses on the roads in 12 different states of India.

The stock was last traded at a price of Rs 534 on 13 Jan 2023.

Will it be a multibagger? … they expect the BUS market to…

… grow at 90,000 units every year… at least for the next few years… and out of that 50% will be pure electric buses.

JBM Auto Highlights:

 

• • Already manufactures 3,000 Renewable Energy Buses (CNG & EVs) annually

• • To meet the growing demand they plan to double the capacity by opening another plant in Delh, NCR only for electricity buses…. (meaning 3,000 electric bus plant).

• • 25% of its buses are Electric and it plans to double it to 50%.

• • Expecting a double digit CAGR for next few years.

• • Component supplier to companies like Maruti, Hyundai, Tata Motors etc.

• • Plans mega lighium-ion battery pak manufacturing facility for Buses & other OEMs.

JBM Auto Stock Price movement over last 5 years. (doubled in last 5yrs)