JBM Auto Limited — New Orders, 19-02-2025: Bagging/Receiving of orders/contracts

JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has secured a significant tender for the execution of 1,021 electric buses and the development of associated infrastructure under the PM-eBus Sewa Scheme. The project, valued at approximately Rs. 5,500 Crore, emphasizes JBM's commitment to advancing India's e-mobility efforts. These e-buses are set to serve around 19 cities across Gujarat, Maharashtra, and Haryana, contributing to substantial passenger kilometers and reducing over 1 billion kg of CO2 emissions over their 12-year operational lifespan. With this order, JBM Auto's order book now holds over 11,000 electric buses, reinforcing its path towards achieving Net Zero by 2040. Investors should observe this development closely, as it highlights robust growth potential in the e-mobility sector.