The Hindu Business Line : JBM Group in education tie-up with Dassault Systemes

Auto component manufacturer JBM Group said on Wednesday that it expects its revenue to grow over 20 per cent this fiscal on account of revival in the automotive market.

“The atmosphere is positive in the Indian automobile industry and the demand is coming back from original equipment manufacturers,” said Mr Nishant Arya, JBM Group’s Executive Director, at the sidelines of a press conference to announce the launch of JBM’s partnership with Dassault Systemes to enter the education sector.

Mr Arya said that with sales reviving across segments such as passenger vehicles, two-wheelers and commercial vehicles, the profit margins of the company have also improved. “The group is targeting revenue of Rs 3,300 crore in the current financial year,” said Mr Arya.

Capacity expansion

The company plans to spend Rs 400 crore in capacity expansion. “We will be supplying to various plants like the Tata’s plant in Sanand, Ashok Leyland’s plant in Pant Nagar besides Toyota, FIAT and Volkswagen,” said Mr Arya.

He added that the company is finalising discussions with a European firm for manufacturing buses. “Initially the products will be rolled out from our Kosi plant in Uttar Pradesh,” added Mr Arya. The company would later set up a dedicated bus manufacturing facility in one of India’s auto hubs like Gurgaon, Chennai or Pune.

JBM Group has tied up with Dassault Systemes to provide large-scale technology deployment across JBM Group’s business unit.

The relationship will also extend to JBM Group’s recent education initiative, CADMIND, which focuses on high-end design engineering education.

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