New-Delhi based JBM Auto Ltd, a part of JBM Group, has entered into a Joint Venture Agreement with Ashok Leyland for supplying of sheet metal components for their G90 Cab and G-90 FES.

The Joint Venture will set up a pressing and welding facility at Pant Nagar in North India with an estimated investment of Rs 100 crore.

JBM Auto Ltd will hold 74% while Ashok Leyland will hold 26% in the Joint Venture.

The commercial operations will start from 2010 in line with the Ashok Leyland plan for the production of Commercial Vehicles.

JBM Auto Limited engages in the manufacture and sale of sheet metal components, welded assemblies, and tools and dies primarily for the automobile industry and fast moving consumer goods applications in India.