JBM Group and Maruti Suzuki's Strategic Venture: New Plant in Kharkhoda Unveiled

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JBM Group and Maruti Suzuki's Strategic Venture: New Plant in Kharkhoda Unveiled
Credit: © Reuters.

By Aayush Khanna

Jay Bharat Maruti Ltd (NS: JYBM ) (JBML), a prominent auto component manufacturer and Tier 1 supplier to Maruti Suzuki India Ltd. (NS: MRTI ), marked a significant milestone with the foundation stone laying ceremony for its new plant in Kharkhoda, Sonipat, Haryana. The ceremony was graced by Mr. Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Ltd., Mr. S.K. Arya, Chairman & MD of JBM Group, and Mr. Nishant Arya, Vice Chairman of JBM Group. JBML, a strategic joint venture between JBM Group and Maruti Suzuki India Limited, plays a crucial role in the automotive supply chain.

Situated in the MSIL Supplier’s Park, IMT Kharkhoda, and spanning over 6.7 acres, the new plant is strategically positioned to enhance its capacity to meet the requirements of Maruti Suzuki’s upcoming manufacturing plant at IMT Kharkhoda, set to be commissioned by FY2025. The phased development of the facility aligns with Maruti Suzuki's volume forecast of producing 1 million vehicles at Kharkhoda. This expansion is part of Maruti Suzuki's ambitious vision to achieve a production volume of 4 million vehicles by 2031, doubling its output over the next decade.

Addressing the occasion, Mr. S.K. Arya, Chairman of JBML, expressed the significance of the moment, emphasizing the longstanding partnership with Maruti Suzuki, spanning over four decades. As Maruti Suzuki celebrates reaching the 2 million production mark, the collaborative vision is set on achieving remarkable growth, and JBML pledges its commitment to support Maruti Suzuki in realizing this ambitious goal. The ceremony highlights the evolving landscape of the Indian automobile industry, projecting sustained growth fueled by technological advancements and a robust market outlook for the foreseeable future.

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