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JBM Auto gained nearly 2% after its electric mobility arm secured a ₹750 crore investment from Motilal Oswal Alternates to scale the e bus fleet.
Note: as per the company, this is the largest investment by an Indian investor in the electric mobility sector so far.
The deets: the investment will go into JBM Ecolife, JBM Auto's electric bus business. The company plans to use the funds to roll out high-capacity e-buses that can gradually replace diesel buses in cities.
Zoom out: India is now the world's third-largest electric bus market, driven by efforts to reduce pollution and electrify public transport.
India's EV story is no longer just about electric cars and scooters. Public transport is becoming a major growth area, and large investments like this show that investors are betting big on the future of electric buses.
