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Jay Bharat Maruti to invest in two plants
Jay Bharat Maruti announced on Thursday that it intends to invest between £30 million to £35 million in two manufacturing plants in Haryana and Gujarat. These plants will cater to the requirements of its key customer, Maruti Suzuki, in both regions. According to a company statement, the plants will be established at Kharkhoda, Sonipat in Haryana and SMG Suppliers' Park in Gujarat.
The new plant in Sonipat will provide additional capacity to meet the requirements of Maruti Suzuki's new manufacturing plant at IMT Kharkhoda, which is expected to be commissioned by FY2025, the statement added.
Jay Bharat Maruti will also establish an assembly facility at the new Gujarat plant for supplying auto assemblies, the company confirmed.
Jay Bharat Maruti Ltd, which is a joint venture between JBM Group and Maruti Suzuki India, is the flagship company of the £2.6 billion JBM Group.
The company is engaged in manufacturing key auto systems such as chassis and suspension systems, exhaust systems, welded assemblies, tools, and dies, for Maruti Suzuki India.
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