JBM Auto Secures ₹5,500-Crore eBus Order
JBM Ecolife Mobility, a subsidiary of JBM Auto, has secured a ₹5,500-crore contract under the PM eBus Sewa Scheme-II, significantly enhancing its revenue visibility and reinforcing its position in India’s electric mobility ecosystem. The contract entails the procurement, operation, and maintenance of 1,021 electric buses, along with the development of charging and allied civil infrastructure under a Gross Cost Contracting (GCC) model.
Following the announcement, JBM Auto surged nearly 20% on February 19, reflecting strong investor confidence. Despite the sharp rally, the stock remains below key moving averages, signaling continued market volatility. With this strategic win, JBM Auto is well-positioned to capitalize on India’s push for sustainable public transport, further strengthening its long-term growth trajectory.