JBM Auto Sells MH Ecolife Emobility to Promoter Group Firm for ₹171.7 Crore

JBM Auto Ltd. has completed the divestment of its 100% stake in MH Ecolife Emobility Pvt Ltd. to JBM Ecolife Mobility Pvt Ltd. for ₹171.7 crore, effective October 14, 2025. Post-transaction, MH Ecolife becomes a wholly-owned subsidiary of JBM Ecolife Mobility. The move is part of JBM Auto’s strategic consolidation to streamline operations and focus on core sectoral businesses. MH Ecolife contributed ₹691 crore in turnover (FY24–25) and 2.58% to JBM Auto’s net worth. Though a related-party transaction, the company confirmed it was executed on an arm’s length basis. This restructuring reflects the auto industry’s trend of portfolio rationalization, especially in the fast-evolving electric mobility space. The shift allows JBM Auto to sharpen its strategic focus while strengthening the promoter group’s dedicated e-mobility vertical. Investors will monitor its impact on operational efficiency and future growth direction.