StockWatch
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Auto Components & Equipments
Business Update1 Oct 2026, 01:53 pm

JBM Auto Leads India Electric Bus Market with 33% Share

AI Summary

JBM Auto Limited has reinforced its leadership in India's electric bus market, securing a 33% market share in September 2026 with 274 registrations, the highest in the country as per Vahan data. The company also maintained its lead in H1FY26-27 (April-September 2026) with approximately 24% market share, registering 892 electric buses out of a total of 3,771 in the Indian market. This sustained performance highlights JBM's integrated electric mobility ecosystem and its large-scale manufacturing capabilities, including a facility with a 20,000-bus annual capacity. The company's electric buses have collectively covered over 450 million e-kilometres and served over 2 billion passengers, contributing to significant CO2 emission avoidance.

Key Highlights

  • JBM Auto holds 33% market share in India's electric bus segment for September 2026.
  • Registered 274 electric buses in September 2026, leading the country.
  • Achieved ~24% market share in H1FY26-27 with 892 electric bus registrations.
  • Operates world's largest integrated electric bus manufacturing facility outside China.
  • Electric buses have covered over 450 million e-kilometres to date.