JBM Auto Enters Into JV With Ashok Leyland

Monday, JBM Auto said that the company entered into a joint venture agreement with Ashok Leyland for supply of sheet metal components for their G90 Cab and G-90 FES.

The joint venture company would set up state of art facilities at Pant Nagar, Uttarakhand at an estimated cost of Rs.100 crores and would have large pressing and welding facilities.

JBM Auto would hold 74% and Ashok Leyland would hold the rest in the joint venture that would start commercial operations from 2010.

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