Currently, the company is in process of delivering the first batch of our CITYLIFE buses. Along with it, JBM Group has already taken next take in the segment by showcasing ECOLIFE—India's first 100 percent electric bus during Auto Expo 2016. "The electric bus has received an overwhelming response from government authorities, state transport corporations and general public," Arya informed.
In addition, JBM Group has announced a joint venture with Europe's leading bus manufacturer Solaris Bus & Coach S.A. to manufacture ECOLIFE indigenously in India. "Solaris is the leading transport solution provider in Europe. It has supplied more than 14,000 buses to 30 countries in that continent. They are the masters of sustainable transport technology and we are bringing this technology to India. We will manufacture ECOLIFE in collaboration with Solaris at our existing plants at Faridabad and Kosi."
"To enable this JBM already have investment plan in place. "We have created sufficient capacity at our plants to accommodate demand of up to 2,000 buses in a year. Also, we have planned an investment of Rs. 300 crore in next 4-5 years on developing a suitable ecosystem for movement of India's first 100 percent electric
bus," revealed Arya.
Speaking about aspiration behind venturing specifically into bus manufacturers, Arya said, "Everyone wants to end the misery of public transportation. Government is experimenting with different transportation models and public is desperate for a sustainable solution. Lakhs of people travel by buses within cities. How would it be if we can provide a luxurious, safe and guilt-free option for their daily travel? Our buses are that option. But, it is not sufficient to manufacture a world-class product.
We understand this and hence we are meeting all stakeholders to demonstrate our products and give reasonable answers to their questions. I must tell you all stakeholders are very forthcoming and positive."
(Continued on next page)