JBM Auto's JBM Electric Vehicles partners with Al Habtoor Motors for UAE e-mobility.
The partnership could lead to increased adoption of electric vehicles in the UAE and contribute to environmental goals.
The partnership is aimed at advancing sustainable mobility and reducing emissions, which is a positive development.
* JBM Electric Vehicles has entered into a strategic partnership with Al Habtoor Motors in the UAE to introduce electric buses and support the UAE’s Net Zero by 2050 Strategic Initiative. * Al Habtoor Motors will be the exclusive importer and distributor of JBM’s electric buses in the UAE. * JBM Electric Vehicles has a manufacturing capacity of 20,000 buses annually. * JBM e-buses have clocked over 20 crore kms, served over a billion passengers, and saved over 35 crore litres of diesel. * JBM aims to reduce CO2 emissions by over 280 crore kgs, save diesel to the tune of over 100 crore litres and touch the lives of over 1.6 billion passengers over a 10-year period. * Al Habtoor Motors will introduce JBM Electric buses in multiple segments such as Urban city, Staff, School, Tarmac & Intercity-Tourist Coach application. * Nishant Arya, Vice Chairman & MD, JBM Auto, said, "The UAE is a strategic market for JBM Electric Vehicles, and we aim to bring our expertise related to the EV ecosystem from the source to the wheel. We are eager to contribute to the UAE government's vision of sustainable transport. Al Habtoor Motors shares a similar vision, and we firmly believe that they are the right partners for us in the UAE." * Ahmed Al Habtoor, CEO, Al Habtoor Motors, emphasized the partnership's significance and their aim to be amongst the top two e-mobility players transforming the clean public mobility landscape in the region.
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JBM Auto Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by JBM Auto Limited. Read the original for the full detail.