Electric Bus Sales March 2025: Switch Mobility Leads With 31.9% Share
Every electric bus registered in India in March 2025, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How March went
India registered 354 electric buses in March 2025, −22.2% on March 2024 and −3.0% on February.
Across the 3 completed months of 2025 to March, 1,185 electric buses have been registered, −10.6% on the same months of 2024.
Monthly electric bus registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Bus market share, March 2025
Switch Mobility led the month with 113 registrations — 31.9% of the electric bus market — ahead of JBM Auto on 78 (22.0%), a gap of 35 units. That is a change at the top: JBM Auto led February.
Switch Mobility has gained the most share against March 2024, +27.96pp to 31.9%; Tata Motors has lost the most, −42.67pp to 6.8%.
The top three hold 75.4% of the segment; 9 manufacturers registered at least one electric bus.
Top 10 electric bus makers, March 2025
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 | Mar 2025 | Share | MoM | YoY | Share vs Mar 2024 |
|---|---|---|---|---|---|---|
| 1 | Switch Mobility | 113 | 31.9% | +28.4% | +527.8% | +27.96pp |
| 2 | JBM Auto | 78 | 22.0% | −11.4% | +6.8% | +5.99pp |
| 3 | Olectra Greentech | 76 | 21.5% | +15.2% | +192.3% | +15.75pp |
| 4 | Aeroeagle Automobiles | 28 | 7.9% | +133.3% | — | +7.91pp |
| 5 | PMI Electro | 25 | 7.1% | −56.1% | −50.0% | −3.93pp |
| 6 | Tata Motors | 24 | 6.8% | −42.9% | −89.3% | −42.67pp |
| 7 | Veera Vidyuth Vahana | 7 | 2.0% | +133.3% | — | +1.98pp |
| 8 | Veera Vahana Udyog | 2 | 0.6% | +100.0% | −50.0% | −0.31pp |
| 9 | Pinnacle Mobility Solutions | 1 | 0.3% | −50.0% | −88.9% | −1.70pp |
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, 2025 to March
The same table over 2025 to March, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Switch Mobility | 326 | 27.51% | +23.81pp | +565.3% |
| 2 | JBM Auto | 270 | 22.78% | +1.05pp | −6.2% |
| 3 | Olectra Greentech | 239 | 20.17% | +9.15pp | +63.7% |
| 4 | PMI Electro | 150 | 12.66% | −2.59pp | −25.7% |
| 5 | Tata Motors | 89 | 7.51% | −29.70pp | −81.9% |
| 6 | Aeroeagle Automobiles | 63 | 5.32% | +5.32pp | — |
| 7 | Veera Vidyuth Vahana | 35 | 2.95% | +2.95pp | — |
| 8 | Jbm Electric Vehicles | 6 | 0.51% | +0.51pp | — |
| 9 | Pinnacle Mobility Solutions | 4 | 0.34% | −2.00pp | −87.1% |
| 10 | Veera Vahana Udyog | 3 | 0.25% | −0.35pp | −62.5% |
Frequently asked questions
How many electric buses were sold in India in March 2025?
Which company sold the most electric buses in March 2025?
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.
