JBM Auto shares rallied more than 7% in intraday trade on Thursday after the company reinforced its dominant position in India’s electric bus market. The stock witnessed strong buying interest following the announcement that it recorded the highest electric bus registrations in the country during May 2026.
As of 10:42 AM, JBM Auto touched an intraday high of ₹718.60 against the previous close of ₹669.25, reflecting robust investor sentiment. The stock opened at ₹690.00 and traded between a low of ₹690.00 and a high of ₹718.60 during the session. The company's 52-week trading range stands between ₹477.00 and ₹790.00.
The rally came after JBM Auto reported 157 electric bus registrations in May 2026, the highest in the industry. The company said it retained its leadership position in the electric bus segment after emerging as the top player in FY26 and further expanding its market share.
According to the company, its market share in the electric bus segment surged to 49% in May 2026 from 33% in April 2026, highlighting strong execution capabilities and growing adoption of its electric mobility solutions across India.
JBM Auto also highlighted its manufacturing strength, noting that it operates the world’s largest dedicated integrated electric bus manufacturing facility outside China. Located in the National Capital Region (NCR), the facility has an annual production capacity of 20,000 buses.
The company’s electric buses have collectively covered more than 400 million e-kilometres, reflecting the scale and operational reliability of its electric mobility platform.
JBM Auto is engaged in the manufacturing and sale of sheet metal components, tools, dies and moulds, as well as buses. The company also generates revenue through the sale of spare parts, accessories and maintenance contracts related to its bus business.