Electric Bus Sales February 2024: Tata Motors Leads With 40.4% Share
Every electric bus registered in India in February 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 February went
India registered 342 electric buses in February 2024, −35.2% on January.
Monthly electric bus registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Bus market share, February 2024
Tata Motors led the month with 138 registrations — 40.4% of the electric bus market — ahead of PMI Electro on 85 (24.9%), a gap of 53 units. That is a change at the top: JBM Auto led January.
The top three hold 77.2% of the segment; 9 manufacturers registered at least one electric bus.
Top 10 electric bus makers, February 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 | Feb 2024 | Share | MoM | YoY | Share vs Feb 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 138 | 40.4% | +6.2% | — | — |
| 2 | PMI Electro | 85 | 24.9% | +26.9% | — | — |
| 3 | Olectra Greentech | 41 | 12.0% | −48.1% | — | — |
| 4 | Switch Mobility | 21 | 6.1% | +110.0% | — | — |
| 5 | JBM Auto | 20 | 5.8% | −89.7% | — | — |
| 6 | Mytrah Mobility | 19 | 5.6% | −34.5% | — | — |
| 7 | VECV (Eicher) | 10 | 2.9% | — | — | — |
| 8 | Pinnacle Mobility Solutions | 4 | 1.2% | −77.8% | — | — |
| 9 | Veera Vahana Udyog | 4 | 1.2% | — | — | — |
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, 2024 to February
The same table over 2024 to February, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 268 | 30.80% | — | — |
| 2 | JBM Auto | 215 | 24.71% | — | — |
| 3 | PMI Electro | 152 | 17.47% | — | — |
| 4 | Olectra Greentech | 120 | 13.79% | — | — |
| 5 | Mytrah Mobility | 48 | 5.52% | — | — |
| 6 | Switch Mobility | 31 | 3.56% | — | — |
| 7 | Pinnacle Mobility Solutions | 22 | 2.53% | — | — |
| 8 | VECV (Eicher) | 10 | 1.15% | — | — |
| 9 | Veera Vahana Udyog | 4 | 0.46% | — | — |
Frequently asked questions
How many electric buses were sold in India in February 2024?
Which company sold the most electric buses in February 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.
