Finance

JBM Auto Surges 6% After Securing 200 Electric Bus Order from LeafyBus

Aug 28, 2024 1 min read

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JBM Electric Vehicles Pvt Ltd has entered into a strategic partnership with LeafyBus to supply 200 ultra-modern electric luxury buses over the next 24 months. The agreement includes 150 high-end electric intercity coaches and 50 specialized buses for staff and tourist services. These buses will be equipped with advanced technology and features aimed at providing a comfortable, safe, and eco-friendly travel experience for passengers. The initiative aligns with both companies' goals in green public mobility and decarbonization.

Following the announcement, shares of JBM Auto Ltd saw a notable increase, rising by up to 6%. The partnership is considered a significant move in revolutionizing intercity transportation, enhancing connectivity between cities, and reducing the carbon footprint associated with travel. The deliveries are expected to be completed within the next two years, marking a substantial step forward in the transition to sustainable and zero-emission transportation solutions in India.

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