India, July 13 -- India's electric bus segment has been on a tear this year, with registrations climbing sharply under government-backed schemes aimed at decarbonising public transport. Fleet operators, however, have long grappled with the upfront capital burden of switching to electric. New leasing and financing models are now emerging to bridge that gap, and manufacturers are lining up partnerships to capture the opportunity.

With a market capitalisation of Rs.16,460 Crores, shares of JBM Auto Ltd. closed at Rs.696.55 per share, i.e.1.7% above its previous closing price of Rs.684.7. It made an intraday high of Rs.707.5 in Monday's trading session. It has a P/E ratio of 49.71.

Fresh Electric Bus Order JBM Auto Limited announced that i...