JBM Auto Rises on $100M IFC Investment for E-Bus Deployment

JBM Auto surged over 7% on September 12 after securing $100 million from IFC, its first Asian e-bus capital investment and largest globally. The funding will accelerate e-bus deployment in Maharashtra, Assam, and Gujarat, strengthen JBM’s sustainable mobility push, and support its Rs 12,900 crore orderbook under schemes like PM e-Bus Sewa.