Mahindra & Mahindra (M&M) is reportedly in discussions to acquire Japan-based Sumitomo Corporation’s entire stake in heavy vehicle manufacturer SML Isuzu, according to a March 24 report by CNBC-Awaaz. The potential deal is expected to strengthen M&M’s presence in the trucks and buses segment. Sources indicate that M&M is considering a valuation of â‚ą1,400-1,500 per…
JBM Auto Share Price Surge After Major MoU Announcement In a significant development, JBM Auto’s net profit surged 98.6% to Rs. 55.75 crore in the quarter ending June 2024, up from Rs. 28.07 crore the previous year. This impressive financial performance contributed to the rise in JBM Auto’s share price, which saw an uptick in…
In a significant stride towards sustainable urban mobility, JBM Auto is poised to actively participate in the pioneering PM-eBus Sewa scheme, a monumental endeavor set to revolutionize public transportation. With an allocated budget of Rs 57,613 crore, this visionary scheme aims to introduce 10,000 electric buses across 169 cities, leveraging the power of the public-private…
