10,000 EV Bus Order Book: Auto Stock Jumps 9% After Securing 24% Market Share in Electric Buses

Synopsis: JBM Auto shares surged 9% after the company became India’s largest electric bus player, holding 24% market share and a 10,000-bus order book, strengthening its leadership in public, airport, and intercity transport.

The shares of this company are manufacturing and selling sheet metal components, tools, dies & moulds, and buses, including the sale of spare parts, accessories and maintenance contracts for buses, are in the spotlight after it rose by 9% in today’s market session following the announcement that it has become India’s largest electric bus player with a 10,000-bus order book.

With a market capitalisation of Rs. 14,268 cr, the shares of JBM Auto Ltd were trading at Rs. 603.35 per share, jumping 9% in today’s market session, making a high of Rs. 632.95, up from its previous close of Rs. 580.45 per share.  

Market Leadership and Deployment

JBM Auto has emerged as the frontrunner in India’s electric bus sector for the 2026 financial year, securing a 24% market share. The company successfully registered 1,282 electric buses during this period. These vehicles have been deployed across a diverse range of states, including Delhi, Maharashtra, Telangana, Gujarat, and Assam, reflecting a broad national footprint in both public transit and private sectors. 

Dominance in Niche Segments

Beyond general transit, the company has established a commanding presence in specialised transportation categories. JBM Auto captured a massive 79% share of the electric tarmac bus market, which services airport operations. Additionally, they hold more than 50% of the market for intercity electric luxury coaches, signalling a successful expansion into long-distance, high-end electric mobility.

Future Outlook and Order Pipeline

The momentum for electrification in India remains strong, driven by government procurement and urban sustainability goals. JBM Auto is well-positioned for continued growth with a robust order pipeline of over 10,000 electric buses. Company leadership attributes this success to operational excellence and a technological edge, as the industry anticipates a significant rise in the total share of electric buses within the country’s mass transit ecosystem over the coming years. 

JBM Auto Ltd is the flagship company that manufactures automotive sheet metal components, tools, dies, moulds, and electric buses, serving both domestic and international markets. It operates through segments such as auto components, tooling, and OEM buses, and has become one of India’s leading players in electric mobility through its subsidiary JBM Electric Vehicles. 

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