The electrical bus section in India is witnessing fast development as state transport undertakings, airports, and personal operators more and more shift in the direction of clear mobility options. Among the many front-runners, Olectra Greentech, JBM Auto, and Tata Motors are competing aggressively with increasing order books, rising deployments, and enhanced manufacturing capacities, positioning themselves as leaders within the nation’s EV bus market.
Included in 2000, Olectra Greentech is engaged within the manufacturing of composite polymer insulators, electrical buses, and electrical vans. The corporate serves a various clientele throughout authorities our bodies, energy companies, and multinational infrastructure firms in India, the US, and a number of other African nations. It has established itself as a pioneer in India’s electrical bus manufacturing area.
The corporate has a market cap of Rs. 13,276.15 crore, with its shares buying and selling at Rs. 1,617.45. In August 2025, Olectra bought 98 items in comparison with 89 items in July 2025, marking a ten % improve in month-to-month gross sales.
Olectra has over 2,800 electrical automobiles already working on roads and an order e-book exceeding 10,000 items. With greater than 135 product variants, the corporate manufactures seven-meter, nine-meter, and twelve-meter electrical bus fashions. Throughout Q1FY26, it commissioned a state-of-the-art greenfield facility in Hyderabad with an annual capability of 5,000 items, scalable as much as 10,000 items.
Established in 1996, JBM Auto operates within the automotive area, producing sheet metallic parts, instruments, dies, molds, and buses. The corporate’s divisions cater to OEMs throughout passenger and business automobiles, farm tools, and Tier-1 suppliers, whereas its OEM enterprise provides to state transport undertakings, aviation, defence, and varied mobility operators.
The corporate has a market cap of Rs. 16,946 crore, with its shares buying and selling at Rs. 716.55. In August 2025, JBM Auto bought 62 items in comparison with 145 items in July 2025, reflecting a 57 % decline. Its electrical car subsidiary recorded 10 gross sales in August versus 1 in July 2025.
As per the FY25 annual report, JBM Auto secured USD 100 million in funding from ADB and AIIB for the deployment of 575 electrical buses, boosting its asset-light growth technique. The corporate holds an order e-book exceeding 11,000 e-buses, with over 2,500 items already on roads.
It dominates with over 90 % share within the airport tarmac section, 40–45 % in luxurious coaches, and round 30 % in metropolis and STU markets. With 19 manufacturing places, greater than 1,000 presses, 3,000 robots, and a 6 GWh battery capability, JBM has an EV bus capability of 20,000 items yearly. Strategic alliances with companies like LeafyBus, Hitachi Vitality, and FlixBus strengthen its worldwide presence.
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Based in 1945, Tata Motors is one in all India’s largest automakers, producing business automobiles, passenger automobiles, and luxurious automobiles underneath the Jaguar Land Rover model. The corporate additionally manufactures engines for industrial functions and gives financing via its NBFC arm. Its clients embody fleet operators, authorities businesses, SMEs, defence, mining, and development industries, amongst others.
The corporate has a market cap of Rs. 2,42,588.25 crore, with its shares priced at Rs. 658.80. Tata Motors reported gross sales of 49 items in August 2025, up from 21 items in July 2025, registering a 133 % rise.
As per Q1FY26 updates, Tata Motors registered 43 electrical buses within the quarter, taking its whole tally to just about 3,700 EV buses. Its fleet has clocked over 400 million kilometres with greater than 95 % uptime.
The corporate accomplished deployments in Jammu & Kashmir, Bengaluru, and Delhi, and emerged because the lowest bidder in a young for 25 articulated, flash-charging electrical buses from Nagpur Municipal Company.
In keeping with the FY25 annual report, Tata Motors can be advancing in hydrogen-powered gas cell buses, with 15 items already working in Delhi underneath a mission with Indian Oil Company.
Written By Manan Gangwar
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