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JBM Electric Vehicles (JBMEV) has signed an MoU with Drivn, an electric commercial vehicle leasing platform for supplying 500 ultra-modern electric luxury buses. This is yet another step by the company towards fostering innovation in green public mobility and decarbonisation aligned with the company`s Net Zero 2040 commitment.Under the terms of the agreement, JBM EV will deliver 500 electric buses equipped with advanced technology and features designed to provide a comfortable, safe and eco-friendly travel experience for passengers. The deployment of these e-buses has been planned in phases over the next one year. The initial rollout will focus on luxury intercity coaches with fleet operators across India, supported through an integrated offering that includes long-term vehicle financing, maintenance and charging infrastructure solutions. The model enables fleet operators to transition to electric buses without significant upfront capital investment, while simplifying vehicle ownership and lifecycle management. Both companies will also explore opportunities in other segments such as school transportation, employee mobility and airport transit services.

JBM Electric Vehicles (JBM EV) launched the next generation `GALAXY` electric luxury coach at Prawaas 5.0 yesterday. JBM EV is part of JBM Auto, the flagship company of the $3.3 bn global Indian conglomerate, JBM Group.The new `GALAXY` Coach showcases 22 Maharaja reclining seats + 20 plush sleeper berths with an onboard washroom. JBM Galaxy is also available in another seat configuration offering 24 Maharaja reclining seats + 20 plush sleeper berths (without washroom). It also offers the highest seating capacity in its segment paired with highest luggage space, a combination designed to strengthen operator revenue potential and passenger convenience on longer routes. With this launch, JBM GALAXY coach will be available in 3 variants i.e. seater, sleeper & seater and sleeper.Speaking on the occasion, Nishant Arya, Chairman, JBM Electric Vehicles, said, �The next generation GALAXY has been developed to meet the evolving expectations of premium inter-city travel with a shamer focus on luxury, utility and business efficiency. It reflects our commitment to creating electric mobility solutions that are sophisticated in design, practical in operation and aligned with the future of sustainable transportation.�

JBM ECOLIFE Mobility (P) Ltd. India, (JBM Ecolife), part of JBM Auto,  has successfully secured a Rs 750 crore long term strategic investment from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group. MO Alternates is leading this investment, providing growth capital to scale JBM Ecolife`s electric bus deployment and advance sustainable public transit infrastructure across India.The transaction represents a core milestone for MO Alternates` sustainability-focused investment allocation, mirroring scaled global private equity models by backing dominant green mobility platforms. The growth capital will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities. This is the largest ever investment by any Indian investor till date in electric mobility. EY acted as the exclusive financial advisor to JBM Ecolife while Trilegal and Khaitan & Co. were the legal advisors for this transaction. This capital infusion will be channelised towards the rollout of state of the art, high- capacity, energy-efficient e-buses, providing alternative transit options that help replace traditional diesel fleets, reduce urban air pollution and align with India`s long-term net-zero targets.

JBM Auto announced that the Board of Directors of the Company at its meeting held on 11 May 2026, inter alia, have recommended the final dividend of Rs 0.85 per equity Share (i.e. 85%) , subject to the approval of the shareholders.

Net profit of JBM Auto rose 11.91% to Rs 74.24 crore in the quarter ended March 2026 as against Rs 66.34 crore during the previous quarter ended March 2025. Sales rose 12.55% to Rs 1852.27 crore in the quarter ended March 2026 as against Rs 1645.70 crore during the previous quarter ended March 2025.For the full year,net profit rose 8.36% to Rs 218.78 crore in the year ended March 2026 as against Rs 201.91 crore during the previous year ended March 2025. Sales rose 11.26% to Rs 6088.37 crore in the year ended March 2026 as against Rs 5472.33 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1852.271645.70 13 6088.375472.33 11 OPM %12.3711.24 -11.0611.72 - PBDT151.13134.64 12 493.84447.92 10 PBT107.9490.49 19 319.97273.19 17 NP74.2466.34 12 218.78201.91 8 Powered by Capital Market - Live News