In a significant stride towards sustainable and luxurious travel, JBM Auto, under the visionary leadership of Nishant Arya, Vice Chairman and Managing Director, has introduced the ‘Galaxy’ electric coach. Launched last year, this state-of-the-art vehicle is redefining the standards of luxury travel in India.
A New Era of Electric Coaches
The Galaxy is a 12.4 to 12.5-meter luxury electric coach designed to cater to the needs of multiple operators and customers across the country. “We are redefining luxury for the customers,” says Arya, emphasizing the coach’s ability to deliver the same level of comfort and performance that customers have come to expect from traditional diesel-powered vehicles of other leading OEMs.
One of the standout features of the Galaxy is its versatility. The coach is engineered to perform exceptionally well in various terrains, whether it’s hilly regions, busy urban areas with heavy traffic, or standard flat roads. This adaptability is a result of extensive testing and validation across the country, ensuring that the vehicle meets the highest standards of performance and reliability.
Economic and Environmental Impact
The introduction of the Galaxy is not just about luxury; it’s also about sustainability and economic growth. JBM Group has already signed multiple contracts with different operators, amounting to more than 250 to 300 buses, which are currently being delivered. This move is expected to significantly contribute to the company’s revenue, with a projected top line of 6,500 crores for the current fiscal year, marking a substantial growth from the previous year’s 5,000 crores.
“A large part of our growth is coming from our electric vehicles and electric mobility lithium battery business,” Arya notes. This shift towards electric mobility is not only beneficial for the environment but also positions JBM Group as a leader in the electric vehicle market.
Financial Growth and Future Projections
The financial growth of JBM Group has been impressive, with the company achieving a 3x growth in revenue from FY 22 to FY 24. In FY 23, the company recorded approximately 550 crores, which surged to about 1,750 crores in FY 24. For the current financial year, the target is set at over 3,000 crores from the EV business alone.
“We are looking forward to ensuring similar momentum,” Arya states, highlighting the company’s commitment to maintaining its growth trajectory. “Our growth is supported by a robust ecosystem that includes bus operators, OEMs, suppliers, tier-one companies, and after-sales entities, all working together to drive the industry forward.”
Innovation and Technological Advancements
JBM Group’s commitment to innovation is evident in its approach to developing the Galaxy. The coach offers state-of-the-art mileage, maintenance-free operation, and superior performance. These features are designed to meet the evolving needs of customers who demand both luxury and sustainability.
“Our goal is to provide a vehicle that performs in all kinds of terrains,” Arya explains. “We want to focus on versatility and performance ensures that the Galaxy can cater to a wide range of applications, from urban commuting to long-distance travel.”
Strategic Collaborations and Market Position
Under Arya’s leadership, JBM Auto has formed strategic collaborations with renowned global companies, enhancing its capabilities in the electric vehicle sector. These partnerships have enabled the company to introduce innovative products and solutions that set new benchmarks in the industry.
“We have been consistently raising the bar with innovation without negotiating on our core values,” Arya asserts. “Our dedication to excellence has positioned JBM Auto as a key player in the electric vehicle market, with a strong focus on technology, innovation, and customer satisfaction.”
The launch of the Galaxy electric coach marks a significant milestone for JBM Auto and the Indian electric vehicle market. With its blend of luxury, performance, and sustainability, the Galaxy is set to revolutionize the way people travel. As JBM Auto continues to innovate and expand its electric vehicle portfolio, it is poised to lead the industry towards a greener and more luxurious future.
“We are redefining luxury for the customers,” Arya concludes, encapsulating the essence of JBM Auto’s vision for the future of travel. With the Galaxy, the company is not just meeting the current demands of the market but also setting new standards for the industry.