JBM Auto said on Wednesday it emerged as the market leader in India’s electric bus segment in May 2026, capturing a 49% market share and recording the highest number of electric bus registrations in the country during the month.
According to data from the Vahan portal, JBM Auto registered 157 electric buses in May, the highest among industry peers, strengthening its position after leading electric bus registrations in FY26. The company’s market share rose sharply from 33% in April to 49% in May in the current financial year.
The company attributed the performance to strong execution and growing adoption of its electric mobility solutions. It also noted that the inclusion of Telangana’s vehicle registration data into the Vahan portal from May 2026 has provided a broader representation of the national electric bus market.
JBM Auto said its growth has been supported by advanced manufacturing capabilities that enable the production of lightweight, high-strength electric bus platforms designed for sustainable public transportation.
On the Cabinet’s approval of a scheme to support the National Capital Region Planning Board (NCRPB) for the replacement of old trucks and buses in the Delhi–NCR region, Nishant Arya, Vice Chairman and Managing Director, JBM Auto, told ETLegalWorld, “Today’s announcement aimed at replacement of over 16000 old buses in the Delhi–NCR region with cleaner and electric buses clearly reflects the intent of fast-tracking large-scale adoption to address air quality challenges.”
He added, “Moving ahead, measures such as introducing innovative financing schemes to improve the total cost of ownership for fleet operators, seamless alignment of transport electrification with energy infrastructure will further help increase the momentum.”
