Auto component manufacturer JBM Auto plans to invest about Rs 410 crore in setting up three manufacturing facilities in three different joint ventures over the next two years. Under the proposed plan, JBM Auto has entered into joint ventures with Italian component maker Magneto, Ashok Leyland and Renault-Nissan separately to set up new manufacturing facilities. The manufacturing units will come up at Chakan, Pantnagar and Chennai for supplies to Tata Motors and Fiat; Ashok Leyland and Renault- Nissan respectively. The company would invest Rs 245 crore at Chakan facility, to supply skin panels for the joint venture between Tata Motors and Fiat. The facility would be developed by the 50:50 joint ventures with Magneto - JBM MA Automotive. JBM Auto has reported a net profit of Rs 1 crore in the first quarter ended June 30, a 75% rise from that in the year-ago period. The company had clocked a net profit of Rs 0.57 crore in the same period last fiscal. The company is eyeing revenue of Rs 800 crore by 2011.