JBM Auto surges 10% on winning Rs 7,500 crore electric bus order

Shares of JBM Auto surged around 10% after the company secured a significant order worth Rs 7,500 crore.

JBM Ecolife Mobility, a JBM Auto subsidiary, announced that they have secured a contract from Convergence Energy Services Limited. CESL tenders for the procurement, supply, operation, and maintenance of 1,390 vehicles as part of the PM-eBus Sewa Scheme. The company has won the tender along with the development of allied electric and civil infrastructure on the basis of the gross cost contracting.


This order must be completed within the next 12-18 months. However, to some extent this development is a turning point for JBM Auto’s electric bus business. As of 11:42 am the shares were trading 5.67% higher at ₹1,982.00 on NSE