Jay Bharat Maruti Limited (JBML) has increased its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49% by acquiring an equity stake from joint venture partner Ogihara Thailand Co. Ltd. (OTC). JODT, a joint venture with JBM Auto Ltd. (JBMA) and OTC, manufactures press stamping dies, including high-tensile and critical body-in-white (BIW) dies. The company reported a revenue of Rs 48.97 crore for the financial year 2023-24.
JBML sources high-tensile and critical BIW dies from JODT, which integrates manufacturing technology from Ogihara. The increased stake is expected to strengthen JBML’s production capacity and align its operations more closely with Maruti Suzuki India Ltd., to which it serves as a Tier 1 supplier.
JBM Auto Ltd., part of the JBM Group, manufactures auto components, electric vehicles, and engineering solutions. The company supplies sheet metal components, assemblies, tools, dies, and bus bodies to original equipment manufacturers (OEMs) in the passenger and commercial vehicle segments. It has manufacturing facilities across India with automated production capabilities.
JBM Auto has also expanded into electric mobility, producing electric buses equipped with fast-charging technology and fleet management systems. The company is involved in renewable energy initiatives, including solar power solutions.