JBM Auto Share Price Rises 8.5% as IFC Pumps in $100 Million for Electric Bus Expansion

Market Performance

JBM Auto share price saw a sharp rally in Friday’s session, surging 8.5% after a major funding boost. The stock opened at ₹646.85 on the BSE, went on to touch an intraday high of ₹684, and dipped to a low of ₹644.55 before settling stronger by the end of the day.

For investors tracking the stock market today, JBM Auto clearly stood out as one of the most active movers, backed by a development that could reshape the company’s growth trajectory in India’s electric mobility space.

Main News

JBM Auto’s upward momentum followed news that its subsidiary, JBM Ecolife Mobility, received a $100 million investment from the International Finance Corporation (IFC), part of the World Bank Group.

This long-term financing is directed toward deploying 1,455 electric buses across key states like Maharashtra, Assam, and Gujarat. The project is a major step in India’s ongoing mission to modernize and electrify its public transport system.

Company Details and Expansion Plans

The IFC-JBM collaboration is being described as the company’s largest electric bus deployment project so far. The scale of the initiative is striking, with wide-ranging benefits for India’s public transportation network:

• 1.6 billion kilograms of carbon dioxide emissions expected to be reduced
• Over 600 million liters of diesel consumption to be saved
• 5,500 new jobs anticipated from the project
• More than 1 billion passengers estimated to benefit from the buses over time

In addition, the project will introduce a formal payment security mechanism in Maharashtra and Assam under the Pradhan Mantri e-bus Sewa Scheme. This structure is aimed at reducing payment risks for both state and municipal transport agencies, making the deployment smoother and more reliable.

What makes this development even more significant is the IFC’s role. The $100 million infusion is IFC’s first direct capital investment in Asia’s e-bus sector and also its largest investment globally in this industry. That underlines how India has become a key focus in the global shift toward clean mobility.

JBM Auto’s Growing Footprint

JBM Auto has already made considerable headway in the electric bus space.

• Over 2,500 e-buses deployed across 10 states and 15 airports
• A strong order book of 11,000 buses
• A modern Delhi-NCR manufacturing facility capable of producing 20,000 buses annually—one of the biggest integrated e-bus facilities outside of China
• Since 2018, the company’s e-buses have collectively clocked more than 200 million electric kilometers

With IFC’s backing, this footprint is expected to deepen further, particularly in states pushing hard for sustainable public transport solutions.

Summary

• JBM Auto share price surged 8.5% in Friday’s trade on the back of IFC’s $100 million investment.
• Funds will support the rollout of 1,455 e-buses in Maharashtra, Assam, and Gujarat.
• The project promises large-scale environmental and social benefits—lower emissions, diesel savings, job creation, and enhanced passenger mobility.
• IFC’s entry marks its first direct e-bus investment in Asia and its largest globally, highlighting India’s importance in the global EV transition.
• JBM Auto continues to expand aggressively with a 20,000-bus annual capacity plant and an order book of 11,000 buses.

The surge in JBM Auto share price reflects the growing investor confidence in India’s electric mobility shift, with the company positioning itself at the center of this transformation.