JBM Auto shares rally 7% after subsidiary inks EV deal in UAE; here's all you need to know

Under this partnership, Al Habtoor Motors will serve as the exclusive importer and distributor of JBM’s electric buses in the UAE, supporting nationwide deployment and service infrastructure.

"The UAE is a strategic market for JBM Electric Vehicles... We are eager to contribute to the UAE government's vision of sustainable transport," said Nishant Arya, vice chairman and managing director of JBM Auto.

Together, the two companies aim to support the UAE’s Net Zero by 2050 Strategic Initiative by deploying advanced electric mobility solutions that cut emissions, reduce operating costs, enhance passenger comfort, and modernise public transportation across the region.

Al Habtoor Motors will be introducing these electric buses in multiple segments, such as urban city, staff, school, tarmac and intercity-tourist coach applications, it said.

"This partnership represents a significant milestone in our journey toward green mobility. Together, we aim to be amongst the top two e-mobility players transforming the clean public mobility landscape in the region. With JBM's proven EV technology and our strong local expertise, we are well-positioned to deliver reliable and future-ready transportation solutions across the UAE," said Ahmed Al Habtoor, CEO, Al Habtoor Motors.

JBM Electric Vehicles currently offers an extensive portfolio of e-buses, which are manufactured at its dedicated integrated manufacturing facilities in India with a capacity to produce 20,000 buses annually.

At 11:25 AM, shares of JBM Auto were trading at ₹756.75 apiece on the National Stock Exchange, gaining 2.03%. The stock rallied despite a weak sentiment.

Over the last five trading days, shares of the firm have gained 5%, while for a month’s period, the stock soared 19%. Over the last six months, JBM Auto shares have surged more than 14%.

Shares of the auto component firm had touched their one-year high of ₹968.90 apiece on September 23, 2024, while their 52-week low of ₹489.80 was hit on March 17, 2025.

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.