JBM Auto Reports 24% Share in India’s Electric Bus Market in FY26, Leads Tarmac and Luxury Segments

JBM Auto reported a 24% share in India’s electric bus market for FY26, with strong presence across tarmac and luxury coach segments.

JBM Auto has reported a 24% market share in India’s electric bus segment for FY26, with 1,282 buses registered across multiple states, including Telangana, Delhi, Maharashtra, Gujarat, and Assam.

The company also highlighted its presence across both public transport and private mobility segments.

The company stated that the orders and deployments were driven through ongoing procurement programs and partnerships with state transport undertakings and private operators.

This reflects increasing consolidation in the electric bus segment, with a few OEMs gaining scale across both public transport and specialised mobility applications.

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Strong Presence Across Specialised Segments

JBM Auto reported a dominant position in the electric tarmac bus segment, with over 79% market share. The company also claimed over 50% share in the intercity luxury coach segment.

These segments, while smaller in volume compared to city bus deployments, indicate growing diversification in electric bus applications beyond urban public transport.

Commenting on the development, Nishant Arya, Vice Chairman and Managing Director, JBM Auto Ltd., said the company’s performance reflects its focus on electric mobility and manufacturing capabilities.

He added that the company will continue to scale its production and R&D efforts to support the transition towards higher electric vehicle adoption in the bus segment.

Our emergence as the market leader in FY26 underscores JBM EV’s technological edge and operational excellence. We will continue to scale our manufacturing and R&D capabilities to ensure that every fourth e-bus on Indian roads carries the JBM promise of safety, efficiency, and innovation.

Nishant Arya, Vice Chairman and Managing Director, JBM Auto Ltd.

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What This Means for the Bus Industry

• Market share claims indicate increasing competition among OEMs as electric bus deployments scale across states
• Strong presence in segments such as tarmac and luxury coaches highlights expansion beyond traditional city bus operations
• Large order books suggest continued momentum in government-backed procurement as well as private sector adoption
• Capacity expansion signals OEM readiness to support higher electric bus penetration in the coming years