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Home arrow Auto component arrow JBM Auto investing Rs 350-400 cr in new plants and expansion of facilities
JBM Auto investing Rs 350-400 cr in new plants and expansion of facilities Print E-mail
Written by Vijay   
Tuesday, 23 November 2010
Mumbai: Auto component manufacturer JBM Auto Ltd is investing Rs 350-400 crore to set up four new facilities in different parts of the country to meet the increasing demand for auto components.

The group is building a new plant for Maruti Suzuki in Manesar in addition to building three other facilities in Nalagarh for TVS Motors, Pantnagar for Ashok Leyland and in Bangalore for Toyota.

JBM is also in the process of finalizing plans to incorporate a joint venture company, pursuant to a joint agreement between Yorozu corporation and JBM. This joint venture will cater to the needs of Nissan in Chennai.

In addition to the four new facilities,the company is expanding its existing plants in Chennai (for Nissan and Ford) and Hosur (TVS) and completing facilities in Sanand (for Tata Motors) and Pune (for Mahindra).

The company has a subsidiary company named JBM Ogihara Automotive India Limited. The civil construction work is over and trial runs are on and it is expected that the company will start the commercial production from December 2010.

Currently, JBM supplies 90,000 components to Maruti per day from three plants dedicated to Maruti alone. The fourth plant coming up in Manesar is being set up at an investment of  Rs 100 crores.

The group manufactures 700,000 components every day across all facilities and  most facilities are working 24/7 to meet the increase in demand.

During the first 5 months of the current financial year, the company has achieved a net sale of Rs. 128.07 crore as compared to net sales of Rs. 75.49 crore in the corresponding period of 5 months in the previous year, registering a growth of 69.7%

The Rs. 3300 crores conglomerate has 33 units across India manufacturing Sheet Metal Components and Welded Sub-assemblies, exhaust systems, axles, fuel tanks, two wheeler frames, fuel neck fillers, LPG cylinders, steel tubes, tools & dies, high tensile fasteners,SPV in the manufacturing sectors.The group has also diversified into Waste Management and Engineering Design.

The group which hopes to see itself as a billion dollar company in FY 11, now plans to start a new joint venture to manufacture buses by March 2011.

 
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