JBM Auto to invest Rs. 100 crore on new plant in Indore.

Auto component maker JBM Auto plans set up a new manufacturing plant in Indore at an investment of Rs. 100 crore and the new unit is expected to be operational later this year.

The company, which recently posted over two-fold rise in its net profit at Rs. 22 crore for the fourth quarter ended March 31, 2014, said the new plant will cater to its commercial vehicle customers through the new plant.

'We are investing Rs. 100 crore on a new manufacturing plant in Indore. We will cater to customers like Volvo-Eicher, MAN and Mahindra & Mahindra through this facility,' JBM Group Executive Director Nishant Arya told PTI.

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