JBM Auto shares gain for second straight session after securing $100 million long-term capital investment from IFC

Shares of JBM Auto continued to rise 7.20% higher to touch an intraday high of ₹764.30 apiece on the National Stock Exchange (NSE). The stock opened the counter at ₹715.00, up from the previous close of ₹712.95. The stock has advanced 21.17% in the last 2 sessions on the NSE. Shares of JBM Auto were trading 6.77% higher at ₹761.25 apiece on the NSE at 11:54 AM. The stock surged nearly 14% on Friday and settled at ₹709 apiece.

Over the last 5 days, the scrip has zoomed 22.29%. On the other hand, the shares of JBM Auto have surged nearly 21.51% in the last month. The stock has given investors whopping 46% returns in the last six months. The company’s market capitalisation stands at ₹17,959.37 crore as on September 15.

The stock touched its 52-week high of ₹1,047.50 apiece on September 13, 2024, whereas, it touched its 52 week low of ₹489.80 apiece on March 17, 2025.

With an aim to give a major boost to electrify public transport in India, JBM ECOLIFE Mobility (P) Ltd, a JBM Auto Ltd company, has successfully secured a $100 million long-term capital investment from the International Financial Corporation (IFC), as mentioned in the press release on Thursday, post-market hours.

The investment will finance the deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat.

This deal is IFC’s first direct equity investment in Asia’s electric bus sector and also its largest worldwide. It highlights India’s key role in moving toward cleaner and more sustainable mobility.

The IFC investment is a significant step for JBM Ecolife, as it will help roll out 1,455 air-conditioned electric buses in Maharashtra, Assam, and Gujarat, adding momentum to India’s broader public transport electrification drive.

In Maharashtra and Assam, the project will also set up a formal payment security system under the Pradhan Mantri e-bus Sewa Scheme. This is designed to reduce payment risks for state and municipal transport authorities.

Nishant Arya, Vice Chairman & MD, JBM Auto Ltd, said, “We are proud to be partnering with IFC (a member of the World Bank Group) and contributing majorly to their largest-ever e-bus deployment project.

Adding, “By way of this e-bus project, we aim to reduce CO₂ emissions by over 1.6 Bn kgs, save diesel to the tune of 600+ Mn litres, generate employment for over 5,500 people and touch the lives of over 1 Bn passengers over the project tenure.”

About JBM Auto Ltd.

JBM Auto is one of the leading electric bus and EV ecosystem players. The company specialises in manufacturing ultra-sophisticated and technologically superior zero-emission electric buses that have established class-leading benchmarks across various geographies globally.

The company, as per the press release, has set up the world’s largest (outside China) dedicated integrated electric bus manufacturing facility in the Delhi-NCR region with a capacity to manufacture 20,000 buses per annum.