Synopsis:
Shares surged 17% after a subsidiary secured $100 million IFC investment to expand electric bus deployment in key states. Strong financial growth, major orders, advanced EV technology, and strategic partnerships highlight robust performance, market leadership, and commitment to sustainable, future-ready mobility solutions.
The shares of the prominent electric vehicle manufacturers gained up to 17 percent in today’s trading session after the company’s subsidiary secured $100 Million Capital Investment from the International Financial Corporation
With a market capitalization of Rs 17,262.90 crore, the shares of JBM Auto Ltd were trading at Rs 729.95 per share, increasing around 16.70 percent as compared to the previous closing price of Rs 625.50 apiece.
The share of JBM Auto Ltd has seen positive movement after JBM Ecolife, a subsidiary of securing a $100 million long-term investment from IFC to expand its electric mobility initiatives. The funding will support the deployment of advanced, air-conditioned electric buses in Maharashtra, Assam, and Gujarat, strengthening the company’s position in sustainable transport and aligning with India’s clean mobility goals.
Additionally, the IFC investment marks a milestone as its first in Asia’s e-bus sector and largest globally, boosting JBM’s leadership in sustainable mobility. The funding will accelerate e-bus deployment, enhance technology, and promote safer, modular solutions, while strengthening resilient, eco-friendly urban transport networks across key Indian cities.
Moreover, JBM has established a strong foothold in India’s e-bus market with 2,500+ buses deployed across 10 states and 15 airports, backed by an order book of 11,000 units. Its Delhi-NCR mega facility produces 20,000 buses annually. Since 2018, its e-buses have clocked 200 million e-km, serving 1 billion passengers, reinforcing its “3 billion e-km promise.”
Makhtar Diop, Managing Director, International Finance Corporation, said, “E-mobility is the future and we are making it real through investments in leaders like JBM. Together, we’re setting benchmarks for sustainable, resilient, and globally replicable urban transport. By leveraging innovative financing and reliable guarantees, we’re mobilizing private capital at scale. India’s leadership is accelerating its own transition while shaping how cities worldwide finance the next generation of mobility.”
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Looking forward to the company’s financial performance, revenue increased by 10 percent from Rs 1,144 crore in Q1FY25 to Rs 1,254 crore in Q1FY26. Further, during the same time frame, net profit increased by 15 percent from Rs 34 crore to Rs 39 crore.
The company secured orders for 2,411 electric buses worth Rs 12,900 crore under the PM e-Bus Sewa scheme, backed by $100 million funding from ADB and AIIB. It is also advancing technology with Li-ion batteries, modular platforms, long-range coaches, and AI-driven diagnostics, enhancing efficiency and sustainable mobility solutions.
JBM Auto reported strong segmental performance with 2,500+ e-buses across 14 states, commanding 30%+ market share and dominance in airport tarmac buses. Its auto components unit serves 15+ million vehicles globally, while EV battery capacity reached 6 GWh. Strategic partnerships and robust tooling capacity further strengthen growth and diversification.
JBM Auto is a global Indian company with four decades of experience, driving innovation in the automotive sector, including manufacturing buses and electric vehicles. Its vision is to expand its business leadership by fostering an agile environment that delivers excellence and delight through the power of people and technology.
Written by Abhishek Singh
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