The high acquisition cost may still be a dampener for the financially beleaguered STUs
The buses also have features like electronic braking system, public address system and kneeling mechanism
The company has received orders for supply of 700 units of JBM 'CITYLIFE' fully air conditioned BS-VI CNG low-floor buses from Delhi Transport Corporation
The incorporation of JBM Ecolife Mobility will leverage the growth opportunities in the evolving Emobility/ Electric Vehicles Segment including e-buses etc
The company received orders for CNG buses orders from Delhi Integrated Multi-Modal Transit System and for Airport tarmac applications from Spicejet & Indigo airlines.
The stock hit a new high of Rs 624, zoomed 101% from Rs 310 on August 8, 2017 as compared to 3% rise in the S&P BSE Sensex
JBM Auto has moved higher by 9% to Rs 242 on the BSE in intra-day trade.
The stock surged 20% to Rs 158 on the BSE in intra-day trade on back of heavy volumes.
Solaris is Europe's largest electric bus maker, and has sold over 14,000 buses in 30 countries