The company managed to grab 49% share of electric bus market, share of it increased by 6% in a day
Suspense Crime, Digital Desk : The electric mobility market is taking rapid strides in India and once again JBM Auto has proved its mettle in this race. The shares of the company increased by more than 6% on June 4 after it announced that the market share of its electric bus (E-Bus) segment had risen to 49% in May 2026; meaning more than half of the registered electric buses across India belonged to JBM Auto. The achievement places the company at the pole position of India's electric bus market.
157 e-buses registered in May 2026
The company filings to stock exchanges reveal that JBM Auto registered 157 e-buses in May 2026 and registered highest numbers across the industry based on government's Vahan portal. Interestingly, since May this year data on vehicles registration from the state of Telangana has also started reflecting on Vahan portal thereby representing national picture with accuracy but still JBM Auto remains at the numero uno position.
What the company said?
The company revealed that it recorded highest numbers of electric buses registrations during the FY2025-26 as well and these numbers of May, in fact further strengthens the companies leading position. "We believe that it is our core mission to not just reduce pollution, but to ensure that the public transport system in the country is smart, safe, accessible and affordable, in line with the global standards for sustainable mobility," said Nishant Arya, Vice Chairman & Managing Director, JBM Auto. He said that the company is committed to take electric mobility further at new heights.
Major factor behind the surge in stocks
The second major reason for the current bullish rally in JBM Auto stock is the recently introduced scrapage and replacement policy by the center government. The Union Cabinet recently cleared a proposal which will mandate the phasing out of older trucks and buses in Delhi-NCR region and in their place new BS-VI or electric vehicles will be introduced. With the scheme expected to boost the demand for electric buses, JBM Auto stands to be a major beneficiary.
Performance of the company in stock market
The company's performance in stock market is also drawing attention from the investors. Technical analysts believe that the stock has decisively crossed the crucial resistance of 680-690 on good volume. It is trading above the 20-day, 50-day, 100-day and 200-day exponential moving average (EMA), suggesting a strong bullish momentum. Experts believe that the stock could move towards the 740-760 levels in the coming days if the bullish sentiment persists.
Today's share performance
The shares of JBM Auto Limited showed a bullish trend in Thursday's trading. The stock was trading at 690.15, up 3.12 percent at 03:15 pm. With gains of 20.90 for the day, the stock increased investors' confidence and was lifted by the company's announcement of its intent to capture a 49% share in the electric bus (E-Bus) segment by May 2026. If the stock sustains above the 680 mark, it may continue its bullish run further.
