Shares of JBM Auto Ltd rallied 17 per cent on Friday after a key development in its e-mobility business.
According to the stock exchange disclosure on Thursday, its arm JBM Ecolife Mobility secured a $100 million long-term capital investment from International Financial Corporation (IFC), a World Bank Group arm. Nishant Arya, Vice Chairman & MD, JBM Auto Ltd, said, “We are proud to be partnering with IFC and contributing majorly to their largest ever e-bus deployment project.”
IFC Managing Director Makhtar Diop said, “E-mobility is the future and we are making it possible through investments in leaders like JBM and GreenCell. Together, we are setting benchmarks for sustainable, resilient and globally replicable urban transport – a foundational pillar of India’s urban transformation agenda.”
According to the company’s statement, the investment will finance deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam and Gujarat.
The stock traded 17 per cent higher at ₹730.85 on the BSE, after hitting an intraday high of ₹732.95 against the previous close of ₹625.50. The upper band stood at ₹750.60.
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Published on September 12, 2025
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