Jay Bharat Maruti Limited (JBML), a prominent auto component manufacturer and Tier 1 supplier to Maruti Suzuki India laid the foundation stone for its new plant in Kharkhoda, Sonipat, Haryana.

Hisashi Takeuchi, the Managing Director and CEO of Maruti Suzuki India Ltd., placed the ceremonial stone in the presence of S.K. Arya, the Chairman and MD of JBM Group, and Nishant Arya, the Vice Chairman of JBM Group.

Maruti Suzuki India Limited and the JBM Group have formed a strategic joint venture called JBML.

The new plant, which occupies more than 6.7 acres and is situated in IMT Kharkhoda's MSIL Supplier's Park, will increase capacity to fulfill the needs of Maruti Suzuki's upcoming IMT Kharkhoda manufacturing plant, which is anticipated to begin operations by FY2025.

The facility will be set up in phases, consistent with MSIL volume forecast of 1 million vehicles at Kharkhoda.

S.K. Arya, Chairman, JBML said, "It is a momentous day for us as we further our relationship with our esteemed customer MSIL having being partners for over 4 decades now. Maruti Suzuki has proudly reached the 2 million production mark, and now the vision is to achieve a volume of 4 million vehicles by 2031, double of the volume it achieved in the last 40 years. This is a great pace of progress and we assure that JBML will stand by MSIL in achieving this quantum leap."