JBM Auto share price jumped 8.5% during Friday’s trading session after its subsidiary, JBM Ecolife Mobility, obtained a $100 million investment from the International Finance Corporation (IFC), which is part of the World Bank Group.
This long-term financing will facilitate the deployment of 1,455 air-conditioned electric buses in Maharashtra, Assam, and Gujarat, advancing India’s initiative to electrify public transportation.
