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JBM Auto Limited has announced the incorporation of a new wholly owned subsidiary, JBM EV Ventures Private Limited, according to a regulatory filing dated February 26, 2025.
The Certificate of Incorporation for the new entity was issued by the Registrar of Companies, NCT of Delhi and Haryana on February 19, 2025, and was officially received by JBM Auto on February 25, 2025.
Financial Structure & Ownership
As per SEBI disclosure norms, the subsidiary has been set up with an authorized share capital of ₹10 lakhs and a paid-up capital of ₹5 lakhs, with JBM Auto holding a 100% stake in the company.
Business Focus & Objectives
JBM EV Ventures Private Limited aims to provide electric vehicle (EV) battery services on a subscription model, including leasing and renting of EV batteries. Additionally, it will focus on research, development, manufacturing, and sale of advanced battery technologies and related products.
The subsidiary will also engage in promoting EV adoption, collaborating with government and private initiatives for sustainable transportation, and other allied business activities aligned with JBM Auto’s vision.
Strategic Expansion in EV Market
As of now, the new subsidiary has not commenced operations. However, this strategic move is expected to strengthen JBM Auto’s presence in the growing electric vehicle market in India.
