Global conglomerate, JBM Group has announced a new portfolio of electric mobility products that will enable it to enter the electric bus market in Ladakh, Jammu & Kashmir, Chandigarh, Punjab, Himachal Pradesh, and Haryana.
According to a report, the electric city buses of the company are currently operational in 12 states.
“JBM Group electric bus, ECOLIFE currently operates in 12 Indian states. We now plan to enter the J&K and Haryana, Himachal Pradesh, and Chandigarh markets for electric buses as these states/union territories hold huge potential,” said MD & Vice Chairman, Nishant Arya, JBM Group.
The release stated that the JBM group had unveiled its first electric luxury coach, ‘Galaxy,’ and also showed three new series of electric buses: an intra-city bus, ECOLIFE, and E-BIZLIFE for staff.
Arya stated in the release that the government is aiming to improve domestic EV manufacturing by increasing customs duty on imports.
This is a reflection its larger shift towards green growth.
He was also pleased with the announcement by the government in the Union Budget to eliminate customs duty on capital goods/machinery used for the manufacture of lithium-ion cells in EV batteries.
He also appreciated the extension of subsidies for electric batteries for an additional year.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!