JBM Auto surges 8% after IFC’s $100M boost for E-bus rollout
JBM Auto jumped nearly 8% after its unit JBM ECOLIFE Mobility secured a $100M investment from IFC, marking IFC's first e-bus funding in Asia. The capital will deploy 1,455 modern electric buses across Maharashtra, Assam, and Gujarat under the PM e-Bus Sewa Scheme. The deal strengthens JBM's 11,000-unit order book and aligns with India's FY2030 green mobility goals.