The Indian electric bus market recorded 307 registrations in February 2025, bringing the total for the first two months of the year to 667 units. This represents a continuation of the segment’s gradual expansion, though electric buses still account for a fraction of the overall bus market.

From January to February 2025, Switch Mobility achieved a leading position delivering 213 units, which translates to a 31.9% share. Olectra Greentech and PMI Electro Mobility Solutions both recorded 125 units, each securing an 18.7% share.

Indian e-bus market in early 2025

JBM Auto Limited follows with 84 units, representing 12.6% of the market, while TATA Motors Ltd accounted for 65 units, reaching 9.7%. Aeroeagle Automobiles Pvt Ltd registered 35 units, achieving a 5.2% market share. Smaller manufacturers, including Veera Vidyuth Vahana, Pinnacle Mobility Solutions, and Veera Vahana Udyog, collectively accounted for the remaining share, with sales ranging between 1 and 16 units.

ManufacturerE-bus registrations
Jan-Feb 2025
Market Share (%)
Jan-Feb 2025
Switch Mobility21331.9
Olectra Greentech Ltd12518.7
PMI Electro Mobility Solutions Private Limited12518.7
JBM Auto Limited8412.6
Tata Motors Ltd659.7
Aeroeagle Automobiles355.2
Vera Vidyuth Vahana162.4
Pinnacle Mobility Solutions30.4
Veera Vahana Udyog10.1
Total667100
Elaboration Sustainable Bus on data from Vahan database

While electric bus adoption is growing, it remains a niche segment in the broader Indian bus industry. In 2024, India registered 3,616 electric buses, while diesel bus registrations exceeded 41,000. The total bus market, including all fuel types, reached nearly 48,000 units. Electric buses made up 12.5% of the heavy passenger vehicle (HPV) segment, which includes buses over 5 tons GVW, and 6.2% of the overall market in 2024. Tata Motors led the HPV electric bus market last year with 1,431 registrations, accounting for 40% of the market, followed by Olectra Greentech with 630 units and JBM Auto with 556 units, representing 17.7% and 15.6% market shares, respectively.

Despite increasing sales, electric buses remain a fraction of India’s total bus registrations. However, government incentives and procurement programs, such as the PM e-Bus Sewa Scheme-2 (that saw JBM achieving a 1,000-units order), are expected to accelerate adoption.

With support in reporting from Usha Praveen

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