JBM Auto shares soar 11% on IFC's $100 million funding for e-bus push
JBM has already rolled out 2,500-plus e-buses across 10 states and 15 airports and has an order book of 11,000 units under execution. Its Delhi-NCR plant -- among the world's largest dedicated e-bus facilities -- boasts an annual capacity of 20,000 buses.
- Sep 12, 2025,
- Updated Sep 12, 2025 11:07 AM IST
Shares of JBM Auto Ltd surged 10.84 per cent in Friday's trade to hit a high of Rs 693.35 after the electric bus maker secured a $100 million (INR equivalent) long-term capital investment from the International Finance Corporation (IFC). The company said the funds will be used to deploy modern, air-conditioned electric buses across cities in Maharashtra, Assam and Gujarat.
JBM has already rolled out 2,500-plus e-buses across 10 states and 15 airports and has an order book of 11,000 units under execution. Its Delhi-NCR plant -- among the world's largest dedicated e-bus facilities -- boasts an annual capacity of 20,000 buses.
Nishant Arya, Vice Chairman & MD at JBM Auto, said, "We are proud to partner with IFC (a member of the World Bank Group) in their largest-ever e-bus deployment project. Over the last decade, we have delivered zero-emission mobility solutions across 20+ cities in India and internationally across Europe, the Middle East, and the APAC region."
Through this project, JBM aims to cut CO₂ emissions by over 1.6 billion kgs, save 600+ million litres of diesel, generate jobs for 5,500 people, and impact the lives of over 1 billion passengers during its tenure.
In a first, the Maharashtra and Assam projects will incorporate a formal Payment Security Mechanism (PSM) to reduce payment risks tied to municipal and state transport undertakings, enhancing bankability and scalability for future e-bus projects.
With buses accounting for 70–75 per cent of India’s public transport trips, electrification offers a massive opportunity. The e-bus market is expanding rapidly, and initiatives like this support the government's 40 per cent penetration target by FY2030, JBM added.
Shares of JBM Auto Ltd surged 10.84 per cent in Friday's trade to hit a high of Rs 693.35 after the electric bus maker secured a $100 million (INR equivalent) long-term capital investment from the International Finance Corporation (IFC). The company said the funds will be used to deploy modern, air-conditioned electric buses across cities in Maharashtra, Assam and Gujarat.
JBM has already rolled out 2,500-plus e-buses across 10 states and 15 airports and has an order book of 11,000 units under execution. Its Delhi-NCR plant -- among the world's largest dedicated e-bus facilities -- boasts an annual capacity of 20,000 buses.
Nishant Arya, Vice Chairman & MD at JBM Auto, said, "We are proud to partner with IFC (a member of the World Bank Group) in their largest-ever e-bus deployment project. Over the last decade, we have delivered zero-emission mobility solutions across 20+ cities in India and internationally across Europe, the Middle East, and the APAC region."
Through this project, JBM aims to cut CO₂ emissions by over 1.6 billion kgs, save 600+ million litres of diesel, generate jobs for 5,500 people, and impact the lives of over 1 billion passengers during its tenure.
In a first, the Maharashtra and Assam projects will incorporate a formal Payment Security Mechanism (PSM) to reduce payment risks tied to municipal and state transport undertakings, enhancing bankability and scalability for future e-bus projects.
With buses accounting for 70–75 per cent of India’s public transport trips, electrification offers a massive opportunity. The e-bus market is expanding rapidly, and initiatives like this support the government's 40 per cent penetration target by FY2030, JBM added.