JBM Auto Ltd. continues its strategic push into international electric mobility markets as its subsidiary, JBM Electric Vehicles Pvt. Ltd., announced a landmark partnership with Dubai-based Al Habtoor Motors to introduce next-generation electric buses in the United Arab Emirates (UAE). Following this announcement, JBM Auto shares surged sharply, reflecting strong investor confidence in the company’s expansion plans.

JBM Auto Shares Jump on UAE E-Bus Deal

In the wake of the partnership announcement, JBM Auto shares rose 6.49% to ₹790, marking a significant intraday surge and the highest level since February 1, 2025. Over the past six months, the stock has climbed 34.41% and currently trades at around 30 times the average 30-day trading volume, according to Bloomberg. Despite the stock remaining largely flat for 2025, this deal highlights the company’s robust growth prospects in the electric mobility sector. At present, JBM Auto has a total market capitalisation of ₹18,098.91 crore.

Strategic Partnership: JBM Electric Vehicles and Al Habtoor Motors

As per official filings, Al Habtoor Motors will act as the exclusive importer and distributor of JBM’s electric buses in the UAE, overseeing nationwide deployment and providing comprehensive service support. The collaboration will cover a broad spectrum of applications, including:

• City buses

• Staff transport

• School routes

• Airport tarmac operations

• Intercity tourist travel

Both companies have emphasised that the partnership aligns with the UAE government’s Net Zero by 2050 strategy, aiming to reduce emissions, cut operating costs, modernise public transportation, and promote sustainable mobility across the region.

"The UAE is a strategic market for JBM Electric Vehicles... We are eager to contribute to the UAE government's vision of sustainable transport," said Nishant Arya, Vice Chairman and Managing Director of JBM Auto, as reported by PTI.

"With JBM's proven EV technology and our strong local expertise, we are well-positioned to deliver reliable and future-ready transportation solutions across the UAE," added Ahmed Al Habtoor, CEO, Al Habtoor Motors, according to PTI.

JBM Electric Vehicles: Advanced E-Bus Manufacturing

JBM Electric Vehicles operates one of India’s largest integrated electric bus manufacturing facilities, producing up to 20,000 units annually. Their buses feature lithium-ion battery systems, advanced safety features, and smart charging capabilities, engineered to withstand the extreme climatic conditions of the UAE.

To date, JBM e-buses have logged over 200 million km, transported more than a billion passengers, and achieved impressive sustainability metrics, including saving over 350 million litres of diesel and reducing CO₂ emissions by over 1 billion kg. JBM has ambitious plans to scale its operations further, targeting 3 billion km of global e-bus operations within three years.

Past Collaborations and Investments

JBM Electric Vehicles has consistently expanded its footprint in both domestic and international markets. Last year, it signed a major agreement with LeafyBus to supply 200 electric buses over two years, including 150 luxury intercity coaches and 50 e-buses for staff and tourist applications.

Additionally, earlier this month, JBM Auto’s arm JBM ECOLIFE Mobility Pvt. Ltd. secured a $100 million capital investment from the International Financial Corporation (IFC). This funding will support the deployment of modern, air-conditioned electric buses in key Indian states, including Maharashtra, Assam, and Gujarat.

Commitment to Sustainability and Public Transport Transformation

The partnership with Al Habtoor Motors is part of JBM Auto’s broader strategy to accelerate green mobility solutions globally. Through this collaboration, the companies aim to achieve:

• Reduction of CO₂ emissions by 2.8 billion kg

• Diesel savings exceeding 1 billion litres

• Service to over 1.6 billion passengers over the next decade

"Al Habtoor Motors, a very reputable conglomerate and one of the leading transport solution providers in the country, shares a similar vision, and we firmly believe that they are the right partners for us in the UAE," said Nishant Arya.

JBM Electric Vehicles is also focused on smart, connected, autonomous, and shared mobility solutions, solidifying its status as a global leader in zero-emission public transportation.

Financial Performance: JBM Auto Q1 FY2025-26

JBM Auto’s robust growth is evident from its Q1 FY2025-26 financial results:

• Net profit: ₹36.80 crore, up 10.18% from ₹33.40 crore in Q1 FY2024-25

• Revenue from operations: ₹1,253.88 crore, up 9.56% from ₹1,144.50 crore

These strong results, coupled with the UAE partnership, underscore JBM Auto’s strategic focus on both profitability and sustainable growth in the rapidly evolving electric vehicle sector.

India’s E-Bus Market Outlook

Public transport in India is heavily reliant on buses, which account for nearly three-quarters of all trips. With two million buses currently operating nationwide, the government has set an ambitious target of achieving 40% e-bus penetration by FY2030, positioning JBM Auto as a key player in the domestic and international electric bus ecosystem.

By joining hands with Al Habtoor Motors, JBM Auto is set to expand its footprint in the UAE, a strategically important market, while advancing the region’s clean mobility agenda. The collaboration reflects the company’s broader commitment to sustainable transport, emission reduction, and innovation in electric mobility, reinforcing its position as a global leader in e-bus manufacturing and the EV ecosystem.

With inputs from agencies

Image Source: Multiple agencies

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