The order has been bagged under Government of India's Flagship Fame II EV Policy.
JBM Auto is the flagship company of the JBM Group. The group has a diversified portfolio with presence in multiple domains such as automotive, engineering & design services, renewable energy, railways and original equipment manufacturer (OEM).
On a consolidated basis, the company posted a net profit of Rs 12.19 crore in Q1 FY22 as compared to a net loss of Rs 25.87 crore in Q1 FY21. Net sales soared 323% to Rs 546 crore in Q1 FY22 over Q1 FY21.