Archive · 29 Dec 2025
JBM Group to Acquire Fortum's EV Charging Business in India
JBM Group, a big company in India, is going to buy Fortum’s electric vehicle (EV) charging business.
This business has 850 charging points in 29 cities and on 25 highways across 17 states.
JBM Group already has 1,500 EV charging sites and makes electric buses.
The Indian government wants more electric buses, and JBM is one of the companies trying to win a big contract to supply 10,900 electric buses.
This deal will help make it easier for people to charge their electric vehicles in India.
JBM Group signs exclusivity agreement to acquire Fortum’s EV charging business in India.
Fortum’s GLIDA business has 850 charging points across 29 cities and 25 highways in 17 states.
JBM Group’s JBM Auto Ltd is a leading electric bus manufacturer in India with 1,500 EV charging sites.
JBM Group is among 16 bidders for a government tender to supply 10,900 electric buses under the PM E-Drive scheme.
The acquisition aims to support India’s green-mobility push by expanding the EV charging network.
- Who
- JBM Group and Fortum
- What
- Acquisition of Fortum’s EV charging business in India
- When
- Not specified
- Where
- India (29 cities, 25 highways, 17 states)
- Why
- To expand EV charging network amid India’s green-mobility push
- Company
- JBM Group
- Target Business
- Fortum’s EV charging business (GLIDA)
- Charging Points
- 850
- Cities Covered
- 29
- Highways Covered
- 25
- States Covered
- 17
- JBM's Existing Charging Sites
- 1,500
- Government Tender
- 10,900 electric buses under PM E-Drive scheme