Auto stocks rise 8% after EV bus market share rises to 49% in May
Overview: JBM Auto strengthened its leadership in the Indian electric bus market, surging 8% after securing 49% market share with 157 registrations in May 2026, driven by strong manufacturing capabilities and growing demand for electric mobility solutions.
The company’s shares are in the automotive business, which manufactures and sells sheet metal parts, tools, dies and molds, including the sale of spare parts, accessories and maintenance contracts for buses. Buses are in the spotlight after rising 8% in today’s session, following a market share of 49% in May 2026.
Market capitalization is Rs. 16,864 cr, shares of JBM Auto Ltd It was trading at Rs. 711.80 per share, up 7% in today’s market session to hit a high of Rs. 718.80, up from the previous close of Rs. It is 668.10 per share. The stock has been flat over the past year, but is up 14% since the beginning of the year, 18% over the past six months, and up 13% over the past month.
JBM Auto strengthens electric bus market leadership
JBM Auto has emerged as the leader in the electric bus segment in India with a 49% market share as of May 2026, according to Vahan portal data. This company registered 157 electric buses in one month, the largest number among manufacturers nationwide.
The company’s market share increased significantly from 33% in April 2026 to 49% in May 2026 (FY27 YTD). This achievement helped JBM Auto maintain its leading position after recording the highest electric bus registrations in FY26, reflecting strong demand for electric mobility solutions.
Manufacturing strength drives growth
JBM Auto has achieved growth through its advanced manufacturing capabilities that enable it to produce high-strength, lightweight electric bus platforms designed for sustainable public transportation. The company continues to leverage global technologies to deliver reliable and efficient electric mobility solutions at scale.
Commenting on the performance, Vice Chairman and Managing Director Nishant Arya said the company continues to focus on decarbonising public transport while improving everyday mobility through innovation, efficiency, safety and accessibility. He added that JBM Auto aims to meet global benchmarks in sustainable transportation.
JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility in the NCR region outside of China with a capacity of 20,000 buses per year. In total, the company’s electric buses have driven more than 400 million e-km, transported more than 1 billion passengers and helped reduce more than 1 billion kilograms of CO2 emissions to date.
On the financial side, the company reported strong performance in March 2026. Revenue increased 13% year-on-year to Rs. 1,852 crore from Rs. 164.6 billion in March 2025, with EBITDA up 24% year-on-year to Rs. 229 crore from Rs. 18.5 billion. Net profit recorded 3.3 billion won, a 16% increase compared to the same period last year. 83.8 crore compared to Rs. 7.2 billion in the same period last year, while EPS also rose 12% to Rs. From 3.14 rupees to 2.81.
The company is well-positioned to be a major beneficiary of the newly approved Naya Safar scheme, which aims to replace older BS-IV commercial vehicles and diesel buses in the Delhi-NCR region. As a major player in green mobility, the company’s strong electric bus manufacturing business and growing orders fit perfectly with the government’s drive for cleaner transportation.
JBM Auto’s plan, which aims to phase out around 20,000 aging diesel buses through attractive incentives such as interest subsidies, is likely to see a significant surge in demand for its portfolio of modern electric buses to fill the vacancies left by the retired fleet.
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