Synopsis: JBM Auto shares surged 8% after the company strengthened its leadership in India’s electric bus market, capturing a 49% market share in May 2026 with 157 registrations, driven by strong manufacturing capabilities and rising demand for electric mobility solutions.
The shares of this company are in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds, and buses including the sale of spare parts, accessories and maintenance contracts for buses, are in the spotlight after it rose by 8 per cent in today’s session following capturing a 49% market share in May 2026.
With a market capitalisation of Rs. 16,864 cr, the shares of JBM Auto Ltd were trading at Rs. 711.80 per share, jumping 7% in today’s market session, making a high of Rs. 718.80, up from its previous close of Rs. 668.10 per share. The stock remained flat over the past year but has gained 14% year-to-date, 18% over the last six months, and 13% in the past month.
JBM Auto Strengthens Leadership in Electric Bus Market
JBM Auto has emerged as the leading player in India’s electric bus segment, capturing a 49% market share in May 2026, according to Vahan portal data. The company registered 157 electric buses during the month, the highest among all manufacturers in the country.
The company’s market share increased significantly from 33% in April 2026 to 49% in May 2026 (FY27 YTD). This performance helped JBM Auto maintain its leadership position after recording the highest electric bus registrations in FY26, reflecting strong demand for its electric mobility solutions.
Manufacturing Strength Driving Growth
JBM Auto attributed its growth to its advanced manufacturing capabilities, which enable the production of high-strength and lightweight electric bus platforms designed for sustainable public transportation. The company continues to leverage global technologies to deliver reliable and efficient electric mobility solutions at scale.
Commenting on the achievement, Vice Chairman and Managing Director Nishant Arya said the company remains focused on decarbonising public transport while enhancing everyday mobility through innovation, efficiency, safety, and accessibility. He added that JBM Auto aims to align with global benchmarks in sustainable transportation.
JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, with an annual production capacity of 20,000 buses in the NCR region. The company’s electric buses have collectively covered more than 400 million e-kilometres, transported over one billion passengers, and helped save more than one billion kilograms of CO₂ emissions so far.
On the financial front, it reported a strong performance in March 2026. Revenue increased by 13% YoY to Rs. 1,852 crore from Rs. 1,646 crore in March 2025, while EBITDA rose 24% YoY to Rs. 229 crore from Rs. 185 crore. Net profit grew 16% YoY to Rs. 83.8 crore compared to Rs. 72 crore in the year-ago period, with EPS also rising 12% to Rs. 3.14 from Rs. 2.81.
It is well-positioned to be a primary beneficiary of the newly approved Naya Safar initiative, which aims to replace older BS-IV commercial vehicles and diesel buses in the Delhi-NCR region. As a prominent player in the green mobility landscape, the company’s robust electric bus manufacturing business and expanding order book align perfectly with the government’s push for cleaner transportation.
With the scheme targeting the phase-out of roughly 20,000 older diesel buses through attractive incentives like interest subsidies, JBM Auto is likely to witness a substantial surge in demand for its modern electric bus portfolio to fill the vacancy left by the retired fleet.
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