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JBM Auto Shares Gain as Electric Bus Market Share Rises to 49 Percent in May
JBM Auto shares surged more than 6% after the company reported a sharp increase in its electric bus market share to 49% in May 2026. The company registered 157 electric buses during the month, the highest in the industry, reinforcing its leadership position in India's fast-growing electric mobility segment.
By Finblage Editorial Desk
11:09 am
4 June 2026
JBM Auto shares rallied more than 6% in intraday trade after the company announced that its market share in India's electric bus segment increased to 49% in May 2026, according to data from the government's Vahan portal. The company recorded 157 electric bus registrations during the month, the highest among industry participants.
The company's market share witnessed a significant jump from 33% in April 2026 to 49% in May, highlighting strong execution and increasing adoption of its electric mobility solutions across the country. The performance further strengthened JBM Auto's position as a leading player in the electric bus segment after maintaining leadership in registrations during FY26.
JBM Auto attributed the growth to its manufacturing capabilities and expanding presence in sustainable public transportation. The company noted that the inclusion of Telangana's vehicle registration data into the Vahan portal from May 2026 has provided a broader representation of the national electric bus market, contributing to a more comprehensive assessment of industry volumes.
Management remains optimistic about future growth opportunities, supported by government initiatives aimed at accelerating electric bus adoption. The recently approved Delhi-NCR bus replacement program, which targets the replacement of thousands of older buses with cleaner alternatives, is expected to create additional demand for electric buses in the coming years.
Investor sentiment was boosted by the company's strengthening market position in the electric mobility space, with the stock outperforming broader markets following the announcement.
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