E-Buses Market Leader Company Share Price Zooms 11%: Here's Why the E-Bus Stock is Rallying on September 12!

The Indian equity market traded positively on September 12, 2025, with benchmark indices extending their gains. The Nifty crossed the 25,100 mark, while the Sensex edged closer to 82,000. Amid this broader uptrend, JBM Auto Ltd emerged as one of the biggest movers, with its share price surging nearly 11 per cent in intraday trade.

JBM Auto is a prominent player in the global electric bus and EV ecosystem. The company manufactures advanced, zero-emission electric buses across categories such as city, intercity, school, staff, luxury coach, and special-purpose vehicles. Its Delhi-NCR facility, with an annual capacity of 20,000 buses, is the world’s largest integrated electric bus manufacturing plant outside China.

The sharp rally in JBM Auto was triggered by the announcement that JBM ECOLIFE Mobility (P) Ltd., a subsidiary of JBM Auto, secured a long-term capital investment of USD 100 million (around Rs 835 crore) from the International Financial Corporation (IFC). As of 11:42 AM, the stock was up 11 per cent, with the highest intraday trading volume since April 2025.

This investment marks IFC’s first capital infusion in the e-bus sector in Asia and its largest globally. The funds will support the deployment of modern, air-conditioned electric buses across Maharashtra, Assam, and Gujarat. The move highlights IFC’s confidence in JBM Auto’s technology and strengthens India’s push toward sustainable transport.

Currently, JBM has deployed over 2,500 electric buses across 10 states and 15 airports. It also has an order book of more than 11,000 buses under execution. Since 2018, its e-buses have clocked 200 million electric kilometres, serving 1 billion passengers. The company’s long-term vision includes achieving its “3 billion e-km promise,” backed by its large-scale production capacity.

Buses account for nearly 70–75 per cent of public transport trips in India. With over 2 million buses operating across the country, the opportunity for electrification remains significant. The Government of India aims for 40 per cent e-bus penetration by FY2030, and projects such as IFC’s investment in JBM are vital to meeting this target.

JBM Auto has gained 15 per cent over the past one month, even as it remains down 9.61 per cent on a year-to-date (YTD) basis. The September 12 rally marked one of its sharpest single-day gains in recent months. Investors are closely watching whether JBM Auto can sustain this momentum, especially with growing institutional interest and strong demand in the electric mobility segment.

About JBM Auto Ltd

JBM Auto Ltd, founded in 1983, is a major player in the automotive industry, manufacturing and selling a variety of products including sheet metal components, tools, buses and electric vehicles. Their business covers not only the vehicles themselves but also spare parts, accessories and maintenance contracts.

The company has a market cap of over Rs 16,000 crore. The stock gave multibagger returns of 268 per cent in just 3 years and a whopping 1,382 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.