Electric bus in an Indian city
JBM Auto’s manufacturing unit has secured a substantial long-term investment of ₹750 crore from Motilal Oswal. This capital infusion is earmarked for the deployment of 2,000 electric buses, aiming to significantly bolster India’s sustainable public transportation infrastructure.
The investment by Motilal Oswal is expected to accelerate the rollout of zero-emission fleets across key Indian cities. This move aligns with India’s broader objectives to transition towards electric mobility and reduce carbon emissions in the public transport sector.
This strategic funding underscores the growing investor confidence in the electric vehicle sector, particularly in the commercial and public transport segments within emerging markets like India. The deployment of these e-buses is anticipated to contribute to cleaner air and more efficient urban mobility solutions.
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