The three-wheeler manufacturer Atul Auto has inked the term-sheet with JBM Industries for entering into a joint venture agreement.
The company said the object of joint venture is to expand and develop the business of three wheeler electric autos with the blend of respective expertise.
It further said that the existing wholly owned subsidiary of the company Atul Green Automotive Private Limited will be utilised for this purpose.
Established in 1982, JBM Industries is a part of JBM Group of companies. It is primarily engaged in manufacturing of sheet metal components and fabrication.
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