Jay Bharat Maruti Ltd. (JBML) Group will set up two plants-Kharkhoda, Sonipat (Haryana)—and an assembly shop at SMG Suppliers’ Park in Gujarat.
The new facilities will start production in line with Maruti Suzuki on or after January, 2025 and March 2025 respectively and this will help in enhancing its top line and bottom line, the company informed in its latest AGM report.
JBML is the largest Joint Venture of Maruti Suzuki and is the promoter of the company, having been associated with the company since its incorporation in 1986. It manufactures key auto components and assemblies such as BIW parts, exhaust systems, fuel fillers (fuel pipe), and suspension parts for passenger cars.
Additionally, the company management noted that during the quarter ending December 31, 2023, volume production was lower as compared to the previous quarter due to a block shutdown at Maruti Suzuki, which is a prime customer of the company. They further noted that the turnover of the company was low as compared to the previous quarter because of the shutdown; however, there was a notable increase in the EBITDA margin of the company.