Electric Bus Sales January 2026: JBM Auto Leads With 25.1% Share
Every electric bus registered in India in January 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 January went
India registered 426 electric buses in January 2026, −8.6% on January 2025 and −26.3% on December 2025.
Across the 1 completed month of 2026 to January, 426 electric buses have been registered, −8.6% 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, January 2026
JBM Auto led the month with 107 registrations — 25.1% of the electric bus market — ahead of Switch Mobility on 100 (23.5%), a gap of 7 units. That is a change at the top: Switch Mobility led December.
Pinnacle Mobility Solutions has gained the most share against January 2025, +5.65pp to 5.9%; Switch Mobility has lost the most, −3.35pp to 23.5%.
The top three hold 67.6% of the segment; 9 manufacturers registered at least one electric bus.
Top 10 electric bus makers, January 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 | Jan 2026 | Share | MoM | YoY | Share vs Jan 2025 |
|---|---|---|---|---|---|---|
| 1 | JBM Auto | 107 | 25.1% | −20.1% | +2.9% | +2.80pp |
| 2 | Switch Mobility | 100 | 23.5% | −42.9% | −20.0% | −3.35pp |
| 3 | Olectra Greentech | 81 | 19.0% | −23.6% | −16.5% | −1.80pp |
| 4 | PMI Electro | 50 | 11.7% | −60.6% | −26.5% | −2.86pp |
| 5 | Aeroeagle Automobiles | 29 | 6.8% | +480.0% | +26.1% | +1.87pp |
| 6 | Tata Motors | 26 | 6.1% | +188.9% | +13.0% | +1.17pp |
| 7 | Pinnacle Mobility Solutions | 25 | 5.9% | +150.0% | +2400.0% | +5.65pp |
| 8 | VECV (Eicher) | 5 | 1.2% | −37.5% | — | +1.17pp |
| 9 | Jbm Electric Vehicles | 3 | 0.7% | −25.0% | — | +0.70pp |
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 January
The same table over 2026 to January, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | JBM Auto | 107 | 25.12% | +2.80pp | +2.9% |
| 2 | Switch Mobility | 100 | 23.47% | −3.35pp | −20.0% |
| 3 | Olectra Greentech | 81 | 19.01% | −1.80pp | −16.5% |
| 4 | PMI Electro | 50 | 11.74% | −2.86pp | −26.5% |
| 5 | Aeroeagle Automobiles | 29 | 6.81% | +1.87pp | +26.1% |
| 6 | Tata Motors | 26 | 6.10% | +1.17pp | +13.0% |
| 7 | Pinnacle Mobility Solutions | 25 | 5.87% | +5.65pp | +2400.0% |
| 8 | VECV (Eicher) | 5 | 1.17% | +1.17pp | — |
| 9 | Jbm Electric Vehicles | 3 | 0.70% | +0.70pp | — |
Frequently asked questions
How many electric buses were sold in India in January 2026?
Which company sold the most electric buses in January 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.
