JBM Auto Gains on 500 Electric Bus Deal
JBM Auto shares rose up to 3% after its subsidiary signed an MoU with Drivn to supply 500 electric luxury buses over the next year. The partnership will also provide financing, maintenance, and charging solutions to fleet operators.
The deal strengthens JBM Auto's position in India's growing electric mobility market. It also supports the adoption of electric buses by reducing the upfront cost for fleet operators, which could accelerate EV adoption in public transportation.
This news highlights how strategic partnerships and large order wins can support long-term business growth. By tracking