Automobile Components and Assembly Company Approves Rs 170 Crore Investment for Phase 2 of Kharkhoda Plant
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The share price of the company has given 52.2 per cent returns from its 52-week low.
Jay Bharat Maruti Limited (JBML), a flagship company of the USD 3.3 billion JBM Group, has approved a capital expenditure of approximately Rs 170 crore for Phase 2 expansion of its Plant J7 at IMT Kharkhoda, Sonipat, Haryana. The decision was taken at the company’s Board of Directors meeting held on February 06, 2026.
The proposed investment is part of JBML’s long-term capacity expansion strategy aligned with the growing requirements of its key customer, Maruti Suzuki India Limited (MSIL). The Phase 2 expansion will further strengthen JBML’s manufacturing capabilities at the Kharkhoda facility, which plays a critical role in supporting MSIL’s upcoming production plans in Haryana.
This expansion traces its origin to a broader capex plan approved in May 2023, under which JBML had sanctioned a total investment of Rs 350 crore to set up two new manufacturing plants in Haryana and Gujarat. These facilities were designed to cater exclusively to MSIL’s increasing vehicle production in both regions. Out of the originally approved Rs 350 crore, around Rs 40 crore remained unutilised. This unspent amount will now be absorbed into the Phase 2 expansion of the Kharkhoda plant.
Founded in 1987 as a joint venture with Maruti Suzuki, Jay Bharat Maruti Limited has emerged as a key player in India’s automotive component industry. The company manufactures a wide range of critical auto systems and assemblies, including Body-in-White (BIW) parts, welded assemblies, exhaust systems, fuel fillers and suspension systems.
As the flagship company of the JBM Group, JBML benefits from the group’s global manufacturing and engineering ecosystem, which spans more than 70 manufacturing plants and five engineering centres across over 37 countries. The company continues to focus on frugal engineering and its “art-to-part” manufacturing philosophy, reinforcing its position as a preferred supplier within India’s automotive supply chain.
The share price of the company has given 52.2 per cent returns from its 52-week low.
Disclaimer: The article is for informational purposes only and not investment advice.