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JBM Auto Dominates India's Electric Bus Market, Captures 33% Share in September
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CNBC TV18•01-10-2026, 14:59
JBM Auto Dominates India's Electric Bus Market, Captures 33% Share in September
- •JBM Auto led India's electric bus registrations in September 2026 with 274 units, securing a 33% market share, according to Vahan data.
- •From April to September 2026, JBM Auto registered 892 electric buses, accounting for approximately 24% of the total 3,771 electric bus registrations nationwide.
- •The company's electric buses have covered over 450 million e-kilometres and transported more than 2 billion passengers, preventing over 1 billion kg of CO2 emissions.
- •JBM Auto aims for ₹7,000-7,500 crore revenue in FY27, with nearly 45% projected from its EV business, and holds an order book for over 9,000 electric buses.
- •The company has set a net-zero emissions target for 2040 and plans to maintain EBITDA margins while reducing debt.
Key Questions Answered
JBM Auto led India's electric bus registrations in September 2026 with a 33% market share after registering 274 electric buses.
JBM Auto is targeting a total revenue of ₹7,000 to ₹7,500 crore in FY27, with approximately 45% expected to come from its electric vehicle business.
JBM Auto registered 892 electric buses between April and September 2026, which accounted for around 24% of all electric bus registrations in India during that period.
