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JBM Auto Limited has incorporated a wholly-owned subsidiary, JBM EV Ventures Private Limited, with an authorized share capital of ₹10,00,000 (10 Cr) and a paid-up share capital of ₹5,00,000 (5 Cr). The main objectives of this venture include providing electric vehicle (EV) battery services on a subscription basis, along with the research, development, manufacturing, and sale of advanced battery technologies. The establishment of this subsidiary aligns with JBM Auto's strategy to support the adoption of electric vehicles and engage in sustainable transportation initiatives. With JBM Auto holding 100% control, this move may present significant growth opportunities in the burgeoning EV sector, warranting close attention from investors as the market evolves.