JBM Solaris JV to launch EcoLife in 2017 - India’s first 100% Electric bus

Auto component manufacturer JBM  said it will invest Rs 300 crore for development and manufacturing of electric and hybrid buses in India through its joint venture with Poland's Solaris Bus & Coach. 

This JV will introduce globally proven European technology for electric vehicle, which is sustainable and affordable, first time in India, the company said in a BSE filing. 

"The key focus will be towards locally developing indigenous sources for all key aggregates, systems and components catering to domestic and global requirement," 

JBM Solaris shall further work towards indigenous bringing in the complete range of buses in further phases", the company added.

JBM Auto had entered into a joint venture agreement on July 14, 2016 with Solaris Bus & Coach S.A., Poland.