India's JBM Auto rises on investment from Motilal Oswal

Jbm Auto

18/06/2026 07:16

** Shares of JBM Auto JBMA.NS rise as much as 3%; last up 1.5% at 703 rupees
** Alternative investment arm of Motilal Oswal invests 7.5 billion rupees in co's unit for electric bus deployment and public transit infrastructure across India
** Investment will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities, says co
** YTD, stock up 12.7%
     

 (Reporting by Mridula Kumar in Bengaluru)
 ((Mridula.Kumar@thomsonreuters.com;))