Electric Vehicles

Companies making electric vehicles or supplying EV-specific components, per their own annual reports — tiered so an EV maker and a company with an announced EV plan never look the same.

Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
JBM AutoAuto Components & EquipmentsCore business₹15,679 CrP/E 60.6 vs 26.9ROCE 12.2%

Electric bus OEM business is a core revenue driver with ~₹1,985 Cr in FY25 revenue, 11,000+ e-bus order book, and large PM e-Bus Sewa contract for 2,411 buses across 19 cities.

Our OEM business, the core of our e-mobility offering clocked revenues of ` 1,984.9 Crores, up 14% from the previous year. With over 11,000 electric buses either operational & under execution and 2,500+ already in service across 14 states, our reach and reliability are growing steadily.

Annual Report · p. 13
+1 more quote from the report

30% Market Share E-bus segment

Annual Report · p. 34
How this list is built

Definition used: Manufactures or sells electric vehicles, or supplies EV-specific components: traction motors, power electronics, EV batteries, charging infrastructure.Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.

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