JBM Auto Maps Its Global Journey: International Expansion Still in the Fast Lane of Planning

Updated: June 10, 2025 23:39

Image Source: Business Standard

JBM Auto, a leading player in India's electric mobility sector, has clarified that its international business models are still under development, even as the company actively explores opportunities to expand into global markets.

Key Highlights

Clarification to Exchanges: On June 9, 2025, JBM Auto responded to a clarification sought by the stock exchanges regarding recent news about its international business strategy. The company confirmed that its global business models are currently "still in process" and no definitive agreements or launches have been finalized yet.

Active Exploration: JBM Auto emphasized it is in various stages of evaluating and exploring international markets. This includes ongoing market research, feasibility studies, and engagement with potential partners, particularly in Europe and the Middle East, where it has already established sales and marketing offices.

No Finalized Announcements: As of June 10, 2025, the company has not made any binding commitments or formal announcements about launching products or operations overseas. Stakeholders were advised to rely only on official communications from the company for updates on international expansion.

Strong Domestic Momentum: Despite the cautious approach internationally, JBM Auto continues to strengthen its position in India. The company recently showcased new electric buses and an e-ambulance at the Bharat Mobility Global Expo 2025, and boasts an order book of over 10,000 electric buses.

Market Performance: JBM Auto shares have seen volatility, reflecting both anticipation around its global ambitions and the company's robust domestic growth. The stock was trading at ₹731.60 as of June 10, 2025, with a recent uptick of 17.86% over the past month.

"We are in the process of evaluating various international business models and exploring opportunities in global markets. No definitive agreements have been entered into at this stage," the company stated in its latest clarification.

Source: Moneycontrol, Economic Times, Business Standard, JBM Group Annual Report

Stay Ahead – Explore Now! Festive Flourish: GST Cuts Drive Passenger Vehicle Sales Growth in September