JBM Auto jumps 2.7%; EV arm launches next-gen Galaxy electric luxury coach

Shares of JBM Auto Limited rose 2.73 per cent to ₹688.30 on Friday after its electric vehicle subsidiary launched an upgraded version of its Galaxy electric luxury coach at the Prawaas 5.0 mobility conclave in Gandhinagar on Thursday.

The new Galaxy coach was unveiled by Union Minister for Transport and Highways Nitin Gadkari in the presence of JBM Electric Vehicles Chairman Nishant Arya. The launch marks India’s first indigenous sleeper-and-seater electric luxury coach, according to the company.

The refreshed Galaxy is offered in three variants: seater, sleeper-and-seater, and sleeper. The primary configuration seats 22 Maharaja reclining seats and 20 plush sleeper berths with an onboard washroom. An alternate layout drops the washroom and adds two seats, taking the recliner count to 24. The company claims the coach offers the highest seating capacity and luggage space in its segment. The Galaxy platform has demonstrated a range of over 900 km per day in operational conditions.

On the safety and technology front, the coach features an ADAS-enabled architecture, emergency braking, ABS, hill-hold, live surveillance cameras, and emergency exits. Passenger amenities include panoramic windows, individual AC louvers, USB charging, and generous legroom. The vehicle runs on modular high-efficiency battery packs with fast charging and regenerative braking capability.

JBM EV currently claims the highest market share in India’s electric luxury coach segment. The company has deployed over 3,300 electric buses across 17 states and 12 major airports, and holds an order book of over 10,000 electric buses. Its manufacturing facility in Delhi-NCR, the largest dedicated integrated electric bus plant outside China, has an annual capacity of 20,000 units.

On the NSE, JBMA touched an intraday high of ₹693 against a previous close of ₹670. The stock trades at a trailing P/E of 58.72 with a market capitalisation of approximately ₹16,280 crore.