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In 2023, JCBL laid the foundation stone for several important initiatives, including production of parts for Vande Bharat trains, execution of the Mumbai metro project, and delivery of Tren Maya for Mexico. From a diversification perspective, the company is introducing camper vans to various parts of the country, and plans to further strengthen its position in the market in 2024 based on these achievements.
“Significant investments are underway in a variety of areas to take advantage of the strong demand in our rail business. We are establishing a brand new factory specializing in the production of fiberglass and sheet metal. Within the defense sector, Setting up of another new plant is underway. “This will complement our recent capacity expansions in Chennai. These expansions will serve the needs of both defense and applied businesses,” said JCBL Group. says Dr. Rishi Agarwal.
Additionally, recognizing the growth potential of the Ayurvedic sector in India, strategic investments were made last year. “The market has responded positively to our brand and plans are in place to expand our presence not just in India but internationally this year.This expansion will include stock-keeping units (SKUs) “This includes diversifying our product offering by increasing the number of products we offer,” he said. .
OEM and defense
Our collaborative efforts with original equipment manufacturers (OEMs) span a wide range of areas, including commercial vehicles, application building, and rail. His 80% of the buses the company produces are for his OEMs such as Ashok Leyland and Volvo-Eicher, and are a mix of school buses, staff applications and city buses.
In the railway sector, we have partnerships with original equipment manufacturers (OEMs) such as Alstom, Bombardier, and General Electric, as well as major passenger car factories (ICF, RCF, MCF) within the Indian Railways. Our services extend beyond railways to a variety of industries, supplying companies with cutting-edge measurement and control equipment.
Additionally, the company is partnering with OEMs to expand its defense solutions. “When we identify technological gaps, we establish international partnerships and develop products with Indian support. A notable example is the product we are currently developing in collaboration with a partner in Slovakia. An RCWL (Remote Controlled Weapon System),” Agarwal said.
The company leverages its experience in building applications and core engineering capabilities to develop paradrop systems and undertake projects such as retrofitting armored recovery vehicles. The company has received a large order from BEML to manufacture 50-ton trailers for the Defense Forces. “After a year of dedicated effort, these trailers are now in production, with all orders expected to be delivered next year, and subsequent orders expected. made in india Various defense projects, including the Paradrop system, were successfully tested by the Defense Forces in 2023.
EVs and supply chain disruption
JCBL is still in the early stages of its electric vehicle strategy. Currently, we are contributing to the development of electric buses in cooperation with OEM companies. “At the same time, we are developing a comprehensive independent strategy for our involvement in the electric vehicle market.Currently, we are focused on participating in the white-label manufacturing of electric buses for domestic and international partners. Our wide range of services includes assembly, manufacturing, certification and after-sales support for our partners across India,” the MD said.
Certain key factors ensure that even in the event of a significant disruption to the supply chain, the impact on the JCBL Group will be minimal. “One of our core strengths is our reliance on locally available resources, and this strategy not only protects our business, but also plays a critical role in empowering local communities. However, it faced hurdles in certain areas, such as sourcing critical materials such as obtaining resins and chemicals essential to manufacturing railway parts, as well as sourcing bulletproof steel plates and glass. “We rely heavily on our international partners for these essential materials. Fortunately, with the unwavering support of our international collaborators, we have overcome these challenges and, despite the challenging circumstances, “We were able to provide a high-quality solution without any problems,” he explained.
JCBL Group posted revenue of $206.02 million in fiscal year 2024. Rishi Aggarwal joined her family’s company in 1996. At that time, Swaraj’s family only manufactured bodies for his Mazda cars. Later, he effectively contributed to the family’s entrepreneurship with innovative ideas.
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