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E-buses to drive 50% of India business by FY27: JBM Auto
Business Standard
|April 07, 2025
Electric buses (e-buses) will make up half of JBM Auto's India business by 2026-27 (FY27), company's vice-chairman, Nishant Arya, told Business Standard in an interview.
The company has an order book of more than 10,000 e-buses which it hopes to deliver in the next two years, Arya added. The company received an order size of around 6,300 in 2023-24 (FY24).
E-buses account for 35 per cent of JBM Auto's revenue at present. The company, a key player in India's automotive sector, particularly in the e-bus segment, has a 30-40 per cent market share in the country.
A total of 3,314 e-buses sold in India in 2024-25 (FY25) down from 3,516 in FY24. JBM Auto and JBM Electric sold 379 e-buses in FY25 compared to 530 in FY24, and eight e-buses in the current financial year, according to data from the Vahan portal excluding Telangana.
This story is from the April 07, 2025 edition of Business Standard.
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