The $2.2-billion JBM Group made 56% revenue growth and 3X profitability increase in FY22, the Group Vice-Chairman Nishant Arya said. A combination of factors like acquisition of new business and increase in the tooling and electric bus business led to this commendable growth, he added. In an interview he told the ETAuto editor that the company is looking to launch more electric bus platforms in the next few months.
Now the company sells mainly city buses. It plans to lunch intercity, staff service and tarmac application buses to meet the growing demand from the corporates keen on becoming more ESG complaint.
