Bain Capital in talks to invest up to Rs 2,850 crore in JBM Auto’s EV business

Bain Capital is in discussions with JBM Auto to invest up to ₹2,850 crore for a significant minority stake in its electric vehicle business, people familiar with the matter said. The investment could support JBM’s expansion in electric buses, batteries and charging infrastructure, while discussions also include a potential joint-control structure.