{"id":35086,"date":"2025-02-25T10:09:29","date_gmt":"2025-02-25T09:09:29","guid":{"rendered":"https:\/\/www.sustainable-bus.com\/?p=35086"},"modified":"2025-02-25T10:11:12","modified_gmt":"2025-02-25T09:11:12","slug":"india-bus-market-2024-electric-buses","status":"publish","type":"post","link":"https:\/\/www.sustainable-bus.com\/news\/india-bus-market-2024-electric-buses\/","title":{"rendered":"Over 3.6K electric buses were registered in India in 2024, with Tata leading the market"},"content":{"rendered":"\n

In 2024<\/strong>, India registered 3,616 electric buses<\/strong>, while diesel bus registrations exceeded 41,000, based on figures from government database Vahan portal.<\/p>\n\n\n\n

The Central Motor Vehicles Rules (CMVR) categorize passenger vehicles into M1 (Light), M2 (Medium), and M3 (Heavy) based on gross vehicle weight and seating capacity. In 2024<\/strong>, the Indian bus market saw a total registration of 58,936 buses<\/strong>, encompassing HPV (Heavy Passenger Vehicles, over 5 ton GVW)) and MPV (Medium Passenger Vehicles, between 3.5 and 5 ton). Such figures includes also ‘Educational Institution Buses’, with this latter category making over 10,000 units. Bus registrations are therefore nearly 48k<\/strong>.<\/p>\n\n\n\n

Nearly 60,000 buses registered in India in 2024<\/h2>\n\n\n\n

Looking at the whole bus market (all kind of tractions), the landscape was dominated by Ashok Leyland <\/strong>with 18,215 registrations, capturing a 37.8% market share<\/strong>. Tata Motors<\/strong> followed closely with 15,077 registrations and a 31.3% share. VE Commercial Vehicles<\/strong> secured the third position, registering 8,397 buses and holding a 17.4% market share. SML Isuzu and Daimler India<\/strong> followed with 3.3% and 2.9% market shares, registering 1,602 and 1,377 buses, respectively.<\/p>\n\n\n\n

Manufacturer<\/td>Bus registrations 2024 in India<\/td>Market Share (%)<\/td><\/tr>
Ashok Leyland Ltd
<\/td>		18,215<\/td>37.8<\/td><\/tr>
Tata Motors Ltd<\/td>15,077<\/td>31.3<\/td><\/tr>
VE Commercial Vehicles Ltd<\/td>8,397<\/td>17.4<\/td><\/tr>
SML Isuzu Ltd<\/td>1,602<\/td>3.3<\/td><\/tr>
Daimler India Commercial Vehicles Pvt. Ltd.<\/td>1,377<\/td>2.9<\/td><\/tr>
Olectra Greentech Ltd<\/td>630<\/td>1.3<\/td><\/tr>
JBM Auto Limited <\/td>556<\/td>1.2<\/td><\/tr>
Force Motors Limited<\/td>533<\/td>1.1<\/td><\/tr>
PMI Electro Mobility Solutions Private Limited<\/td>534<\/td>1.1<\/td><\/tr>
Mahindra & Mahindra Limited<\/td>378<\/td>0.8<\/td><\/tr>
Others<\/td>897<\/td>4.0<\/td><\/tr>
Total<\/td>48,196<\/td>100<\/td><\/tr><\/tbody><\/table>
Elaboration Sustainable Bus on data from Vahan database<\/em><\/figcaption><\/figure>\n\n\n\n

Tata is leading the electric bus segment in India<\/h2>\n\n\n\n

Let’s now focus on the electric bus segment. In the HPV category, 3,568 pure electric buses were registered<\/strong>, while the MPV segment recorded 44 electric bus registrations. <\/p>\n\n\n\n

In the heavy sector, the share of e-buses in 2024 was 12.5%<\/strong>, while considering the entire bus market (also including 3.5 – 5 ton vehicles) it stands at 6.2 percent.<\/p>\n\n\n\n

In India’s 2024 HPV electric bus market, Tata Motors led with 1,431 registrations<\/strong>, capturing 40% of the market share. Olectra Greentech<\/strong> and JBM<\/strong> Auto (that just secured an order for 1,021 electric buses<\/a> under the Government of India\u2019s PM e-Bus Sewa Scheme-2 initiative) followed, registering 630 and 556 units respectively, representing 17.7% and 15.6% of the market. <\/p>\n\n\n\n

Manufacturer<\/strong><\/td>Pure EV HPV Bus registrations<\/td>Market Share (%)<\/td><\/tr>
Tata Motors Ltd<\/td>1,431<\/td>40.0<\/td><\/tr>
Olectra Greentech Ltd<\/td>630<\/td>17.7<\/td><\/tr>
JBM Auto Limited<\/td>556<\/td>15.6<\/td><\/tr>
PMI Electro Mobility Solutions Private Limited<\/td>529<\/td>14.8<\/td><\/tr>
VE Commercial Vehicles Ltd<\/td>107<\/td>3.0<\/td><\/tr>
Others<\/td>315<\/td>8.8<\/td><\/tr>
Total<\/td>3,568<\/td>100<\/td><\/tr><\/tbody><\/table>
Elaboration Sustainable Bus on data from Vahan database<\/em><\/figcaption><\/figure>\n\n\n\n

Fuel type distribution reveals that diesel remains the predominant fuel for both HPV and MPV buses, with 23,838 and 17,354 registrations, respectively. CNG also holds a considerable share, particularly in the MPV segment: 2,375 units out of a 19,773-units market make a 12 percent share.<\/p>\n\n\n\n

With support in reporting from Usha Praveen <\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In 2024, India registered 3,616 electric buses, while diesel bus registrations exceeded 41,000, based on figures from government database Vahan portal. The Central Motor Vehicles Rules (CMVR) categorize passenger vehicles into M1 (Light), M2 (Medium), and M3 (Heavy) based on gross vehicle weight and seating capacity. In 2024, the Indian bus market saw a total […]<\/p>\n","protected":false},"author":1,"featured_media":35087,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nOver 3.6K electric buses were registered in India in 2024, with Tata leading the market - Sustainable Bus<\/title>\n<meta name=\"description\" content=\"In 2024, India registered 3,616 electric buses, while diesel bus registrations exceeded 41,000, based on figures from...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sustainable-bus.com\/news\/india-bus-market-2024-electric-buses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over 3.6K electric buses were registered in India in 2024, with Tata leading the market - 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