15 Sep 2025 | 5 Mins Read
JBM Auto rises 4%, extends two-day winning streak
Flipitmoney
JBM Auto shares rose 4% on Monday, reaching a high of Rs 741, following its 14% surge the previous day after securing a $100 million investment from the IFC for its electric bus subsidiary, JBM Ecolife. The deal supports the deployment of 1,455 electric buses across India and marks the IFC's first direct equity investment in the country's electric bus sector.