The Indian equity benchmark indices were trading with gains of nearly 0.50%, with the Nifty crossing the 25,100 mark, while the Sensex edged closer to the key psychological level of 82,000.
Amid this buoyant market mood, one stock stood out with a sharp rally on Friday, September 12, 2025—JBM Auto Ltd.
JBM Auto is a leading global player in the electric bus and EV ecosystem. The company specialises in manufacturing ultra-sophisticated, technologically advanced, zero-emission electric buses that have set new benchmarks across various geographies.
It has established the world’s largest (outside China) dedicated integrated electric bus manufacturing facility in the Delhi-NCR region, with an annual capacity of 20,000 buses. JBM EV is spearheading the global transition to electric mobility with a diverse portfolio of e-buses including city, intercity, luxury coach, staff, school, and special-purpose vehicles.
As of 11:42 AM, JBM Auto’s share price had jumped nearly 11%, supported by the highest intraday volume in the stock since April 2025.
The key trigger for this rally was the announcement that JBM ECOLIFE Mobility (P) Ltd., a subsidiary of JBM Auto and India’s leading electric bus manufacturer, secured a $100 million (INR equivalent) long-term capital investment from the International Financial Corporation (IFC).
The IFC investment will finance the deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat.
This marks IFC’s first capital investment in the e-bus sector in Asia and its largest globally, highlighting its confidence in JBM’s technological edge and sustainable mobility solutions.
The funding will accelerate e-bus adoption, strengthen urban transport resilience, and further JBM’s commitment to delivering safe, modular, and eco-friendly solutions.
JBM has already deployed 2,500+ e-buses across 10 states and 15 airports and has an order book of over 11,000 buses under execution. Its Delhi-NCR facility—among the world’s largest dedicated e-bus plants—has an annual capacity of 20,000 units.
Since 2018, JBM e-buses have clocked 200 million e-kms and served 1 billion passengers, driving its “3 billion e-km promise” with benchmarks in safety, comfort, and innovation.
Buses account for 70–75% of public transport trips, forming the backbone of India’s mobility system. With over 2 million buses in operation, India presents a massive opportunity for electrification.
Projects like IFC’s investment in JBM are critical in achieving the Government of India’s target of 40% e-bus penetration by FY2030.
JBM Auto's share price has recorded its sharpest single-day rally in the past few months. While the stock has gained 15% over the last one month, it remains down 9.61% year-to-date (YTD).
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