JBM Auto Ltd.JBMA₹694.10 +10.91%

Shares of JBM Auto Ltd. rallied over 10%, reaching an intraday high of ₹696.70 apiece, after its subsidiary, JBM ECOLIFE Mobility Pvt. Ltd., secured a landmark $100 million long-term capital investment from the International Finance Corporation (IFC) to accelerate the adoption of electric buses across India.

IFC’s Biggest Bet on E-Buses

This marks IFC’s first e-bus equity investment in Asia and its largest globally. The funding is part of the Pradhan Mantri e-Bus Sewa Scheme. For the first time, these projects will use a Payment Security Mechanism (PSM), which reduces risks for state transport bodies and makes future projects easier to finance.

Green Impact and Scale

According to Nishant Arya, Vice Chairman & MD of JBM Auto, the project will help cut 1.6 billion kg of CO₂, save 600+ million litres of diesel, and create 5,500 jobs. Over the project life, more than 1 billion passengers are expected to ride these buses.

IFC’s Managing Director Makhtar Diop said the move sets benchmarks for sustainable and globally replicable urban transport.

JBM’s Growing Footprint

JBM has already deployed 2,500+ e-buses in 10 states and 15 airports. Its Delhi-NCR plant, one of the world’s largest e-bus factories, can make 20,000 units a year. Since 2018, JBM e-buses have clocked 200 million e-kms and carried 1 billion passengers.

With buses making up 70–75% of public transport trips in India, the market is huge. The government aims for 40% e-bus penetration by FY2030. IFC’s backing strengthens JBM’s lead as a key EV ecosystem player in India.

Over the last three and five years, this stock has given multibagger returns of more than 230% and 1,385%, respectively.

Let’s take a look at its Factor Analysis scores: 

Note: The stock prices mentioned are as of 12:08 pm.

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