JBM Auto captured a 33% share in India's electric bus market in September 2026, adding 274 electric buses during the month. This figure represents the highest number of registrations in the country for that period, according to Vahan portal data.

Electric bus additions and market performance

For the first half of FY26-27, JBM Auto added 892 electric buses, contributing to a ~24% market share for the April-September period. The September figure of 274 units represents the company's monthly deployment, while the H1FY26-27 cumulative addition of 892 units reflects its sustained presence in the electric bus segment. During the same period, the Indian electric bus market recorded 3,771 registrations in total.

The higher monthly market share of 33% in September compared to the ~24% share recorded over H1FY26-27 indicates a stronger relative performance in the most recent month within the half-year period. This momentum follows strong performance in FY26, where the company also recorded the highest electric bus registrations in the country.

Key metrics at a glance

The following table summarises JBM Auto's electric bus market performance across the reported periods:

Manufacturing capacity and ecosystem

JBM Auto operates the world's largest dedicated integrated electric bus manufacturing facility outside China, located in the National Capital Region (NCR). The facility has an annual manufacturing capacity of 20,000 buses and integrates design, engineering, testing, validation, and manufacturing capabilities. This infrastructure enables the company to develop and deploy electric mobility solutions at scale.

Speaking on the milestone, Nishant Arya, Vice Chairman & MD, JBM Auto, stated that the continued leadership reflects the scale, depth, and execution strength of the ecosystem built over the years. He highlighted the company's purpose-built born EV solutions and their alignment with the Net Zero 2040 commitment.

Operational milestones

JBM electric buses have covered over 450 million e-kilometres to date, serving over 2 billion passengers. These operations have contributed to avoiding over 1 billion kilograms of CO2 emissions, reflecting the company's growing contribution to India's transition towards zero-emission public transportation.

JBM Auto Limited shareholders approved all seven resolutions put forth at its 30th Annual General Meeting (AGM) held on September 16, 2026. The meeting, conducted via video conferencing, saw high participation with over 82% of outstanding shares casting votes.

The company secured approval for the reappointment of Mr. Nishant Arya as Managing Director and Vice-Chairman for a three-year term effective May 18, 2027, along with the ratification of his remuneration. This special resolution required a higher threshold for passage due to promoter interest.

Voting Participation and Results

The remote e-voting period remained open from September 13 to September 15, 2026. A total of 19,60,30,122 votes were polled out of 23,64,94,264 shares held as on the cut-off date of September 9, 2026. This represents a voting participation rate of 82.89%.

Promoters and the promoter group held 15,97,08,286 shares and voted in favor of all resolutions, accounting for 97.48% of their holding. Public institutional investors held 50,50,940 shares, while public non-institutional investors held 7,17,35,038 shares.

Key Resolutions Passed

All ordinary and special resolutions were passed with requisite majorities. The detailed voting outcomes are summarized below:

What the Numbers Show

The reappointment of Mr. Nishant Arya as Managing Director faced notable opposition from institutional investors. While promoters voted unanimously in favor, public institutional investors cast 90.67% of their polled votes against this specific resolution. Despite this dissent from the institutional block, the resolution passed comfortably due to overwhelming support from promoters and non-institutional public shareholders.

Dhananjay Shukla & Associates served as the scrutinizer for the e-voting process, confirming compliance with SEBI LODR regulations and the Companies Act, 2013.