The shares of the Small-Cap company, specializing in the design, manufacture, and sale of auto components, including sheet metal parts, assemblies, tools, dies, and molds, jumped by upto 6 percent upon a strategic partnership with Al Habtoor Motors to drive e-mobility in the UAE.
With a market capitalization of Rs. 18,016.13 Crores on Tuesday, the shares of JBM Auto Ltd rose by 6.4 percent after making a high of Rs. 790.00 compared to its previous closing price of Rs. 741.85.
What Happened
JBM Electric Vehicles Pvt. Ltd, a subsidiary of JBM Auto Ltd., has entered into a strategic partnership with UAE-based Al Habtoor Motors to promote electric mobility in the region. As part of the agreement, Al Habtoor Motors will be the exclusive importer and distributor of JBM’s next-generation electric buses in the UAE.
This collaboration aims to support the UAE’s Net Zero by 2050 initiative by introducing state-of-the-art electric buses that reduce emissions, lower operational costs, and enhance public transport infrastructure. JBM Electric Vehicles, known for its smart and zero-emission mobility solutions, operates one of the world’s largest integrated e-bus manufacturing facilities in India, with a capacity of 20,000 buses annually.
To date, JBM’s electric buses have covered over 200 million kilometers, served more than a billion passengers, and saved 350 million liters of diesel and over a billion kilograms of CO₂ emissions. The company has set an ambitious goal of reaching 3 billion kilometers globally within the next three years, further reinforcing its leadership in sustainable urban mobility.
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Nishant Arya, Vice Chairman & MD, JBM Auto, said, “The UAE is a strategic market for JBM Electric Vehicles, and we aim to bring our expertise related to the EV ecosystem from the source to the wheel. We are eager to contribute to the UAE government’s vision of sustainable transport. Al Habtoor Motors, a very reputable conglomerate & one of the leading transport solution providers in the country, shares a similar vision, and we firmly believe that they are the right partners for us in the UAE.”
Financials & Others
The company’s revenue rose by 9.56 percent from Rs. 1,144 crore to Rs. 1,254 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 34 crore to Rs. 39 crore during the same period.
JBM Group is a $3.0 billion global conglomerate with a presence in over 37 countries, recognized as one of the world’s leading manufacturers of key automotive systems, electric vehicles, and buses. With nearly four decades of experience, the company has consistently created long-term value for its stakeholders through a strong focus on enhancing technology, enabling innovation, and empowering its workforce of over 30,000 employees.
JBM is committed to delivering holistic and sustainable solutions that shape the future of mobility and infrastructure. The company leads in various segments, including auto components and systems, electric vehicles and buses, EV aggregates, charging infrastructure, renewable energy, environment management solutions, and artificial intelligence, all aimed at creating seamless customer experiences and driving transformational change.
Written by Sridhar J
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