JBM Auto shares climb 5% as it leads India’s electric bus market in May with 49% share

Shares of JBM Auto jumped 5.49% to Rs 706 during Thursday’s trading session after the company reinforced its dominance in India’s rapidly growing electric bus market. According to the latest Vahan portal data, JBM Auto emerged as the country’s leading electric bus manufacturer in May 2026, commanding a robust 49% market share.

The company registered 157 electric buses during the month, the highest among all industry players—marking a sharp rise in market share from 33% in April 2026. This performance underscores JBM Auto’s strong execution capabilities and the increasing adoption of its electric mobility solutions across the country.

In an exchange filing, the company highlighted that it has successfully retained its leadership position after recording the highest electric bus registrations in FY26. The latest numbers were further boosted by the inclusion of Telangana’s vehicle registration data into the Vahan portal from May 2026, providing a more comprehensive snapshot of nationwide electric bus deployments.

JBM Auto’s growth is backed by its advanced manufacturing ecosystem, which focuses on developing high-strength, lightweight electric bus platforms designed for sustainable public transportation. The company continues to leverage global technologies to deliver reliable and scalable electric mobility solutions.

Commenting on the achievement, Nishant Arya, Vice Chairman and Managing Director of JBM Auto, said that the company’s growth reflects its commitment to decarbonising public transport while aligning with global sustainability benchmarks.

Adding to its credentials, JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, located in the NCR region, with an annual production capacity of 20,000 buses. The company’s electric fleet has collectively clocked over 400 million e-kilometres, transported more than one billion passengers, and helped avoid over one billion kilograms of CO₂ emissions to date.

Strong stock performance

JBM Auto has rewarded shareholders handsomely over the long term. The stock has surged nearly 32% over the past three months and delivered an extraordinary return of 678% in the last five years.
Currently, the company commands a market capitalisation of Rs 15,827 crore and is trading below its 52-week high of Rs 790.

Valuation and Technical Outlook

On the valuation front, JBM Auto trades at a Price-to-Earnings (P/E) ratio of 72.34 and a Price-to-Book (P/B) ratio of 9.94.From a technical perspective, the stock continues to display bullish momentum. Its 14-day Relative Strength Index (RSI) stands at 61.2, indicating healthy strength while remaining below the overbought zone of 70. Additionally, the stock is trading above all 8 of its key Simple Moving Averages (SMAs), signalling a strong uptrend and sustained buying interest among investors.

With leadership in the electric bus segment, expanding market share, and strong technical indicators, JBM Auto remains a stock that investors are closely tracking in India’s fast-evolving EV ecosystem.

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