JBM Electric Vehicles seals deal with MUON India
ECONOMY & POLICY

JBM Electric Vehicles seals deal with MUON India

JBM Electric Vehicles, a subsidiary of JBM Auto (JBM), has entered into an agreement with MUON India, a company under Macquarie Group. It was stated that Macquarie Group had initiated an EV financing platform for India named 'Vertelo', providing Financing, Fleet Management, and Charging Infrastructure Solutions.

According to the agreement, JBM expressed its intention to deploy over 2,000 electric buses (9 metres, 12 metres & other variants) with MUON's assistance over the next couple of years.

It was reported that in April 2024, JBM had received an initial order for 43 buses, and the delivery process commenced within a month from the order date. Furthermore, it was mentioned that the company had successfully completed the delivery by 10 June 2024.

JBM Electric Vehicles, a subsidiary of JBM Auto (JBM), has entered into an agreement with MUON India, a company under Macquarie Group. It was stated that Macquarie Group had initiated an EV financing platform for India named 'Vertelo', providing Financing, Fleet Management, and Charging Infrastructure Solutions. According to the agreement, JBM expressed its intention to deploy over 2,000 electric buses (9 metres, 12 metres & other variants) with MUON's assistance over the next couple of years. It was reported that in April 2024, JBM had received an initial order for 43 buses, and the delivery process commenced within a month from the order date. Furthermore, it was mentioned that the company had successfully completed the delivery by 10 June 2024.

Next Story
Infrastructure Transport

The RAHSTA Ahead

The 10th edition of the India Construction Festival (ICF) 2024 – comprising the 14th RAHSTA Expo, 14th India RAHSTA (Roads) Conference and 22nd Construction World Global Awards – was held on October 9 and 10 at Jio World Convention Centre, Mumbai, and hosted by infrastructure think-tank FIRST Construction Council in partnership with CONSTRUCTION WORLD (CW) and Equipment India (EI) magazines.The roads sector has witnessed a strong growth trajectory and the roads conference aptly chose multiple power-packed panel discussions on the topic. So read the detailed reports for insights into the va..

Next Story
Infrastructure Urban

Turn your problem into a beautiful possibility!

A former school teacher, Sudeshna Banerjee, Managing Director, PS Digitech-HR, transitioned to leading this Kolkata-based project management and engineering services company which she had co-founded in 2007. The firm specialises in large-scale industrial projects and tech-driven project management. Despite challenges like data accuracy and infrastructure gaps, it leverages advanced technologies and local talent training. In conversation with R SRINIVASAN, she says her firm aims for global expansion, emphasising innovation, client-centric growth and CSR. Excerpts:Please share you..

Next Story
Infrastructure Urban

Deloitte projects Indian economy to grow 7-7.2% in FY25

Deloitte India retained its growth forecast for India at 7-7.2% for the current fiscal year 2024-25, noting that the economy had expanded by 8.2% in FY 2024. The company attributed this growth to domestic factors such as moderating inflation, particularly in food items, improved rainfall and record Kharif production, increased government spending in the latter half of the year, and rising manufacturing investments, all of which were expected to contribute positively to the country's economic outlook. Rumki Majumdar, an Economist at Deloitte India, stated that higher capital inflows following ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000