Electric Bus Sales February 2026: Switch Mobility Leads With 42.6% Share
Every electric bus registered in India in February 2026, 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 658 electric buses in February 2026, +80.3% on February 2025 and +54.5% on January.
Across the 2 completed months of 2026 to February, 1,084 electric buses have been registered, +30.4% on the same months of 2025.
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 2026
Switch Mobility led the month with 280 registrations — 42.6% of the electric bus market — ahead of JBM Auto on 147 (22.3%), a gap of 133 units. That is a change at the top: JBM Auto led January.
Switch Mobility has gained the most share against February 2025, +18.44pp to 42.6%; Tata Motors has lost the most, −8.77pp to 2.7%.
The top three hold 80.1% of the segment; 9 manufacturers registered at least one electric bus.
Top 10 electric bus makers, February 2026
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 2026 | Share | MoM | YoY | Share vs Feb 2025 |
|---|---|---|---|---|---|---|
| 1 | Switch Mobility | 280 | 42.6% | +180.0% | +218.2% | +18.44pp |
| 2 | JBM Auto | 147 | 22.3% | +37.4% | +67.0% | −1.77pp |
| 3 | Olectra Greentech | 100 | 15.2% | +23.5% | +51.5% | −2.88pp |
| 4 | PMI Electro | 83 | 12.6% | +66.0% | +45.6% | −3.00pp |
| 5 | Aeroeagle Automobiles | 20 | 3.0% | −31.0% | +66.7% | −0.25pp |
| 6 | Tata Motors | 18 | 2.7% | −30.8% | −57.1% | −8.77pp |
| 7 | Jbm Electric Vehicles | 4 | 0.6% | +33.3% | −33.3% | −1.04pp |
| 8 | VECV (Eicher) | 4 | 0.6% | −20.0% | — | +0.61pp |
| 9 | Pinnacle Mobility Solutions | 2 | 0.3% | −92.0% | +0.0% | −0.24pp |
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, 2026 to February
The same table over 2026 to February, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Switch Mobility | 380 | 35.06% | +9.42pp | +78.4% |
| 2 | JBM Auto | 254 | 23.43% | +0.33pp | +32.3% |
| 3 | Olectra Greentech | 181 | 16.70% | −2.92pp | +11.0% |
| 4 | PMI Electro | 133 | 12.27% | −2.77pp | +6.4% |
| 5 | Aeroeagle Automobiles | 49 | 4.52% | +0.31pp | +40.0% |
| 6 | Tata Motors | 44 | 4.06% | −3.76pp | −32.3% |
| 7 | Pinnacle Mobility Solutions | 27 | 2.49% | +2.13pp | +800.0% |
| 8 | VECV (Eicher) | 9 | 0.83% | +0.83pp | — |
| 9 | Jbm Electric Vehicles | 7 | 0.65% | −0.08pp | +16.7% |
Frequently asked questions
How many electric buses were sold in India in February 2026?
Which company sold the most electric buses in February 2026?
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.
