Posted on February 20, 2025, by Niftynews
Shares of JBM Auto Limited saw a significant increase of 4.45% on February 20, 2025, pushing JBM Auto share price to an intraday high of ₹675 apiece. This surge in stock value followed a major announcement by the company that its subsidiary, JBM Ecolife Mobility Private Limited, had been awarded a prestigious order for 1,021 electric buses under the PM-eBus Sewa Scheme (Tender-II). The order, worth approximately ₹5,550 crore, was a key factor behind the positive market reaction, driving the JBM Auto share price higher.
Key Details of the Order
The order will involve the execution of both electric buses and the necessary infrastructure to support them. These electric buses will be deployed in 19 cities across Gujarat, Maharashtra, and Haryana. Over the next 12 years, these buses are expected to travel over 32 billion passenger kilometers, which will significantly reduce CO2 emissions. This is expected to help cut over 1 billion tons of CO2 emissions, contributing to a greener future for the country.
JBM Auto’s announcement regarding the backing of the project by a Payment Security Mechanism (PSM) further fueled optimism about the company. The PSM guarantees timely payments to electric bus operators, which adds an extra layer of financial sustainability to the venture and boosted confidence in JBM Auto’s stock, leading to an increase in JBM Auto share price.
JBM Auto’s Growing Order Book
With the latest order, JBM Auto’s order book now stands at more than 11,000 electric buses in various stages of execution. This large order book reinforces the company’s standing as a key player in the electric vehicle (EV) sector and positions JBM Auto share price for long-term growth. The company’s focus on electric mobility and its efforts toward achieving Net Zero by 2040 are central to its strategy moving forward.
JBM Auto’s Strategic Vision
JBM Auto, part of the JBM Group, operates across various sectors, including automotive, renewable energy, engineering & design services, and OEM manufacturing. The group’s extensive manufacturing footprint, spanning over 40 plants and four engineering centers across 18 countries, further bolsters JBM Auto’s position in the market. Given its strong relationships with clients such as Ashok Leyland, Bajaj Auto, Maruti Suzuki, Honda, and Mahindra, JBM Auto share price is expected to continue rising as the company solidifies its market leadership.
As of February 20, 2025, JBM Auto market capitalization is ₹14,806.91 crore, as reported on the Bombay Stock Exchange (BSE). The company remains a prominent player in the BSE500 index, and analysts anticipate more upward movement in JBM Auto share price as it continues to secure new orders.
Positive Market Sentiment and JBM Auto Share Price
The sharp uptick in JBM Auto share price highlights the positive market sentiment towards the company, especially in light of its growing electric bus portfolio. As the demand for eco-friendly transportation solutions rises, JBM Auto is well-positioned to capitalize on this shift, which could further drive JBM Auto share price upward in the coming months.
At 9:39 AM on February 20, 2025, JBM Auto’s stock was trading at ₹631.35 per share, which was a 2.30% decrease from its earlier high of ₹675. Despite this minor dip, JBM Auto share price remains strong, supported by a strong order book and a promising outlook.
Conclusion
JBM Auto share price continues to rise following the company’s success in securing a ₹5,550 crore order for 1,021 electric buses. This contract, part of the PM-eBus Sewa Scheme, represents a significant milestone in JBM Auto journey towards leading India’s transition to electric mobility. With its growing order book, robust infrastructure, and solid financial backing, JBM Auto share price is well-positioned for long-term growth. Investors are likely to keep a close eye on JBM Auto’s progress as it works towards achieving its Net Zero 2040 goal.
As JBM Auto continues to secure new orders and expand its electric vehicle portfolio, the future of JBM Auto share price looks promising. The company’s focus on sustainability and green transportation solutions positions it as a key player in the rapidly growing electric vehicle industry.
