JBM Auto stock jumps 3% as subsidiary secures ₹750 crore investment from Motilal Oswal to scale e-bus deployment in India

At around 2:06 PM, the stock was trading 1.54% higher at ₹703.55 per equity share. The scrip has gained 9% in the past week and 14% over the month. On a year-to-date basis, it has advanced 12%.

While the share hit a 52-week high of ₹790 apiece on September 23, 2025, it touched a year’s low of ₹477 on March 16, 2026.

According to a regulatory filing, JBM Ecolife Mobility successfully bagged a ₹750 crore long-term strategic investment from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group.

MO Alternates will lead the investment, providing growth capital to scale JBM Ecolife’s electric bus deployment and advance sustainable public transit infrastructure across India.

This is the largest ever investment by any Indian investor till date in electric mobility, the company stated, adding that EY acted as the exclusive financial advisor to JBM Ecolife while Trilegal and Khaitan & Co. were the legal advisors for this transaction.

This capital infusion will be channelised towards the rollout of state-of-the-art, high-capacity, energy-efficient e-buses, providing alternative transit options that help replace traditional diesel fleets, reduce urban air pollution, and align with India’s long-term net-zero targets.

As per the company, the investment will lead to the deployment of approximately 2,000 energy-efficient e-buses, and will reduce CO2 emissions by about 2.5 billion kilograms over the lifetime.

The investment will also generate employment for over 7,000 people and save diesel to the tune of about one billion litres over the lifetime.

By the next 12 months, the company will have approximately 5,000 e-buses on roads pan India, the filing stated.

Commenting on the development, Nishant Arya, Vice Chairman & MD of JBM Auto Ltd, said: “We are delighted to partner with Motilal Oswal as we enter our next phase of transformative growth at JBM Ecolife. With our market leadership in the electric bus market in India in FY26, this strategic partnership will act as a major catalyst towards further scaling our e-bus deployment to various states, delivering cleaner air and modernized public commuting experiences across urban centres.”

He added that India has been the third-largest electric bus market in the world, and has been undergoing a historic shift in public transport infrastructure toward electrification.

“From the current ~3400 JBM e-buses deployed pan India, we will have ~5000 e-buses on roads in the next 12 months. Our proven integration of fleet management systems with advanced engineering uniquely positions us to lead this transition with enhanced agility and scale”, Arya further stated.

At present, the consolidated orderbook size of JBM Auto and JBM Ecolife Mobility stands at over 10,000 electric buses deployed and under execution.

Notably, JBM has set up one of the world's largest dedicated integrated electric bus manufacturing facilities, outside China, located in the Delhi-NCR region, with an annual production capacity of 20,000 electric buses.

JBM Auto has a total market capitalisation of ₹16,645.65 crore as of June 18, 2026, according to data on the NSE.