JBM Auto electric bus market share FY26 reaches 24% with 1,282 registrations

Strong momentum defined FY26 for JBM Auto Limited, as the company registered 1,282 electric buses across key regions including Telangana, Delhi, Maharashtra, Gujarat, and Assam. This performance enabled the company to secure a 24% share in the India electric bus market, positioning it as the leading manufacturer by volume. Growth was driven by increasing demand for electrified public transport solutions and strong execution capabilities across diverse deployment environments.

Beyond overall market leadership, the company has established dominance in niche yet critical segments. It commands more than 79% of the electric tarmac bus category and over 50% of the intercity luxury coach segment. This broad-based leadership highlights the scalability and adaptability of its integrated EV platform. Additionally, a robust order book exceeding 10,000 electric buses reflects sustained demand visibility and long-term growth potential in the electric mobility ecosystem.

Operational Scale and Manufacturing Strength

Manufacturing capability remains a central pillar of JBM Auto’s growth trajectory. The company operates what it describes as the world’s largest dedicated integrated electric bus production facility outside China, with an annual capacity of 20,000 units. Its diversified portfolio includes city buses, intercity coaches, luxury variants, school buses, staff transportation vehicles, and specialized applications, ensuring coverage across multiple use cases within the public transport sector.

Leadership Vision and Market Expansion

Leadership emphasized FY26 as a transformative phase, citing advancements in technology and operational efficiency as key differentiators. The company aims to further strengthen its presence by scaling manufacturing and R&D investments. With a target of achieving over 3 billion e-kilometres globally in the coming years, JBM Auto is aligning its strategy with long-term sustainability goals while reinforcing reliability and performance across varying terrains.

Future Outlook and EV Penetration Goals

Looking ahead, JBM Auto is targeting a significant milestone of 60% EV penetration in India’s bus segment by 2030. This ambition aligns with national decarbonization goals and increasing policy support for clean mobility. As electrification accelerates across urban and intercity transport networks, the company is well-positioned to capitalize on market expansion through its integrated platform, strong order pipeline, and proven execution capabilities.

Frequently Asked Questions

What is JBM Auto’s electric bus market share in FY26?
JBM Auto achieved a 24% share of India’s electric bus market in FY26, supported by 1,282 bus registrations across multiple states. This performance positioned the company as the leading electric bus manufacturer by volume in the country. Its strong order book exceeding 10,000 units and leadership across segments such as tarmac and intercity luxury coaches further reinforce its dominant market position and future growth prospects.

What are JBM Auto’s future targets in the electric bus segment?
JBM Auto aims to achieve 60% electric vehicle penetration in India’s bus segment by 2030, aligning with national sustainability goals. The company plans to scale manufacturing capacity, enhance R&D capabilities, and expand deployment across diverse applications. With a large integrated production facility and a diversified product portfolio, it is positioned to drive adoption of electric public transport and support large-scale electrification initiatives across the country.