Electric Bus Sales December 2024: JBM Auto Leads With 33.7% Share
Every electric bus registered in India in December 2024, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How December went
India registered 312 electric buses in December 2024, +56.0% on November.
Monthly electric bus registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Bus market share, December 2024
JBM Auto led the month with 105 registrations — 33.7% of the electric bus market — ahead of Olectra Greentech on 88 (28.2%), a gap of 17 units. That is a change at the top: Tata Motors led November.
The top three hold 71.5% of the segment; 10 manufacturers registered at least one electric bus.
Top 10 electric bus makers, December 2024
Electric bus registrations only — every other vehicle type these companies make is excluded.
Share is of every electric bus registered in the month. MoM and YoY compare each maker's own volume; the last column is its change in share of the segment.
| # | Manufacturer | Dec 2024 | Share | MoM | YoY | Share vs Dec 2023 |
|---|---|---|---|---|---|---|
| 1 | JBM Auto | 105 | 33.7% | +138.6% | — | — |
| 2 | Olectra Greentech | 88 | 28.2% | +100.0% | — | — |
| 3 | PMI Electro | 30 | 9.6% | +2900.0% | — | — |
| 4 | Switch Mobility | 30 | 9.6% | +1400.0% | — | — |
| 5 | Tata Motors | 20 | 6.4% | −67.7% | — | — |
| 6 | Veera Vidyuth Vahana | 13 | 4.2% | — | — | — |
| 7 | Aeroeagle Automobiles | 12 | 3.8% | −45.5% | — | — |
| 8 | Pinnacle Mobility Solutions | 7 | 2.2% | +16.7% | — | — |
| 9 | Jbm Electric Vehicles | 5 | 1.6% | — | — | — |
| 10 | Veera Vahana Udyog | 2 | 0.6% | — | — | — |
Exact: Vahan's maker x month table filtered to battery-electric fuels (PURE EV, ELECTRIC(BOV)) and the segment's vehicle classes — not a company total multiplied by anything.
Who is gaining
Monthly share of the electric bus market for the six largest makers this month, over the last 15 completed months.
Electric Bus market share by month
Share of the segment each month, in per cent.
Market share, full year 2024
The same table over full year 2024, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 1,462 | 35.83% | — | — |
| 2 | Olectra Greentech | 828 | 20.29% | — | — |
| 3 | JBM Auto | 742 | 18.19% | — | — |
| 4 | PMI Electro | 534 | 13.09% | — | — |
| 5 | VECV (Eicher) | 138 | 3.38% | — | — |
| 6 | Switch Mobility | 136 | 3.33% | — | — |
| 7 | Pinnacle Mobility Solutions | 99 | 2.43% | — | — |
| 8 | Mytrah Mobility | 64 | 1.57% | — | — |
| 9 | Aeroeagle Automobiles | 37 | 0.91% | — | — |
| 10 | Veera Vidyuth Vahana | 13 | 0.32% | — | — |
| 11 | Veera Vahana Udyog | 12 | 0.29% | — | — |
| 12 | Causis E-Mobility | 8 | 0.20% | — | — |
| 13 | Jbm Electric Vehicles | 5 | 0.12% | — | — |
| 14 | Others | 2 | 0.05% | — | — |
Frequently asked questions
How many electric buses were sold in India in December 2024?
Which company sold the most electric buses in December 2024?
What is the electric bus market share of each brand?
How are these numbers measured?
Electric Bus sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
