JBM Auto 's subsidiary, JBM Ecolife Mobility, has secured a ₹750 Cr strategic investment from Motilal Oswal Alternates to scale its electric bus deployment across India. Announced on June 18, 2026, this transaction represents the largest investment by an Indian investor in the electric mobility sector to date. The capital infusion will enable the rollout of approximately 2000 energy-efficient e-buses, targeting a reduction of CO2 emissions by 2.5 Bn kgs and savings of 1 Bn litres of diesel over their lifetime.

Motilal Oswal Alternates, the alternative investment arm of Motilal Oswal Group, is leading this investment to provide growth capital for JBM Ecolife. The funding will support the operation of zero-emission public transport fleets under long-term agreements with state transport authorities. EY acted as the exclusive financial advisor to JBM Ecolife, while Trilegal and Khaitan & Co. served as legal advisors for the transaction.

Expansion and Market Leadership

The investment will facilitate the expansion of JBM's fleet from the current 3400 e-buses to approximately 5000 e-buses on roads within the next 12 months. The following table summarises the key parameters of this investment:

Nishant Arya, Vice Chairman & MD of JBM Auto Ltd, highlighted the company's market leadership in the electric bus sector in FY26. He stated that the partnership would act as a catalyst for scaling deployment and delivering cleaner public commuting experiences. Rakshat Kapoor, Head of Private Credit at MO Alternates, noted that JBM's long-term concession structures offer predictable, contract-backed cash flows, describing the ₹750 Cr commitment as a high-conviction allocation aimed at institutionalising green mobility infrastructure in India.

Operational and Environmental Impact

The deployment of these e-buses is expected to generate employment for over 7000 people. The project aligns with national initiatives such as the PM Gati Shakti, PM e-Bus Sewa Programme, and PM e-Drive initiative. The consolidated orderbook of JBM Auto and JBM Ecolife Mobility currently stands at 10,000+ electric buses deployed and under execution.

JBM Auto has established one of the world's largest dedicated integrated electric bus manufacturing facilities outside China, located in the Delhi-NCR region, with an annual production capacity of 20,000 electric buses. Since introducing electric buses in 2018, the company has clocked 400 million e-kms under its 3 Bn e-kms promise, serving over 1.5 Bn commuters globally.

JBM Auto Limited has confirmed the completion of the electronic dispatch of the postal ballot notice along with the explanatory statement to seek shareholder approval for material related party transactions and specific board authorizations. The notice was dispatched on Wednesday, June 3, 2026, as per the intimation submitted to BSE Limited and National Stock Exchange of India Limited.

The remote e-voting facility, managed by KFin Technologies Limited, is available to members whose names appear in the Register of Members or the Register of Beneficial Owners as of the cut-off date of Friday, May 29, 2026. The voting window commences at 09:00 AM (IST) on Thursday, June 4, 2026, and concludes at 05:00 PM (IST) on Friday, July 3, 2026. Shareholders are entitled to cast their vote only once, and changes to submitted votes are not permitted.

Resolutions for Shareholder Approval

The notice outlines several ordinary and special resolutions requiring shareholder consent. The key proposals include material related party transactions with various group entities and authorizations for the Board under specific sections of the Companies Act, 2013.

Voting and Scrutiny Details

Mr. Dhananjay Shukla, Managing Partner of M/s Dhananjay Shukla & Associates, has been appointed as the Scrutinizer to ensure the postal ballot and e-voting process is conducted fairly. The results of the postal ballot will be declared within two working days of the conclusion of the remote e-voting. These results, along with the Scrutinizer's Report, will be available on the company's website and the KFintech website.

Members who have not received the notice due to unregistered email addresses can download it from the company's website, the KFintech e-voting portal, or the websites of BSE Limited and National Stock Exchange of India Limited. Shareholders holding shares in demat form must update their email details with their Depository Participant, while those holding physical shares should contact MCS Share Transfer Agent Limited.