Jay Bharat Maruti (JBML), a leading auto component manufacturer and tier 1 supplier to Maruti Suzuki India has laid the foundation stone for its new plant in Kharkhoda, Sonipat, Haryana.
The ceremonial stone was laid by Hisashi Takeuchi, MD & CEO of Maruti Suzuki India along with S K Arya, Chairman & MD, JBM Group and Nishant Arya, Vice-Chairman, JBM Group.
JBML is a strategic joint venture between JBM Group and Maruti Suzuki India. The facility is located in the MSIL Supplier’s Park, IMT Kharkhoda and spread over an area of over 6.7 acres. It will provide capacity enhancement to meet the requirements of Maruti Suzuki’s new manufacturing plant at IMT Kharkhoda, which is expected to be commissioned by FY2025. The facility will be set up in phases, consistent with MSIL volume forecast of million vehicles at Kharkhoda.
S K Arya, Chairman, JBML said, “It is a momentous day for us as we further our relationship with our esteemed customer MSIL having being partners for over 4 decades now. Maruti Suzuki has proudly reached the 2 million production mark, and now the vision is to achieve a volume of 4 million vehicles by 2031, double of the volume it achieved in the last 40 years. This is a great pace of progress and we assure that JBML will stand by MSIL in achieving this quantum leap.”
The Indian automobile industry has been growing rapidly over the last decade and is expected to maintain the momentum for the next several years. Technological advances too, have made the auto industry amongst the fast-growing markets globally.
