Electric Bus Sales March 2026: JBM Auto Leads With 35.1% Share
Every electric bus registered in India in March 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 March went
India registered 559 electric buses in March 2026, +57.9% on March 2025 and −15.0% on February.
Across the 3 completed months of 2026 to March, 1,643 electric buses have been registered, +38.6% 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, March 2026
JBM Auto led the month with 196 registrations — 35.1% of the electric bus market — ahead of Switch Mobility on 161 (28.8%), a gap of 35 units. That is a change at the top: Switch Mobility led February.
PMI Electro has gained the most share against March 2025, +14.94pp to 22.0%; Tata Motors has lost the most, −6.42pp to 0.4%.
The top three hold 85.9% of the segment; 8 manufacturers registered at least one electric bus.
Top 10 electric bus makers, March 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 | Mar 2026 | Share | MoM | YoY | Share vs Mar 2025 |
|---|---|---|---|---|---|---|
| 1 | JBM Auto | 196 | 35.1% | +33.3% | +151.3% | +13.03pp |
| 2 | Switch Mobility | 161 | 28.8% | −42.5% | +42.5% | −3.12pp |
| 3 | PMI Electro | 123 | 22.0% | +48.2% | +392.0% | +14.94pp |
| 4 | Pinnacle Mobility Solutions | 35 | 6.3% | +1650.0% | +3400.0% | +5.98pp |
| 5 | Aeroeagle Automobiles | 22 | 3.9% | +10.0% | −21.4% | −3.97pp |
| 6 | Azad India Mobility | 10 | 1.8% | — | — | +1.79pp |
| 7 | Jbm Electric Vehicles | 10 | 1.8% | +150.0% | — | +1.79pp |
| 8 | Tata Motors | 2 | 0.4% | −88.9% | −91.7% | −6.42pp |
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 March
The same table over 2026 to March, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Switch Mobility | 541 | 32.93% | +5.42pp | +66.0% |
| 2 | JBM Auto | 450 | 27.39% | +4.60pp | +66.7% |
| 3 | PMI Electro | 256 | 15.58% | +2.92pp | +70.7% |
| 4 | Olectra Greentech | 181 | 11.02% | −9.15pp | −24.3% |
| 5 | Aeroeagle Automobiles | 71 | 4.32% | −1.00pp | +12.7% |
| 6 | Pinnacle Mobility Solutions | 62 | 3.77% | +3.44pp | +1450.0% |
| 7 | Tata Motors | 46 | 2.80% | −4.71pp | −48.3% |
| 8 | Jbm Electric Vehicles | 17 | 1.03% | +0.53pp | +183.3% |
| 9 | Azad India Mobility | 10 | 0.61% | +0.61pp | — |
| 10 | VECV (Eicher) | 9 | 0.55% | +0.55pp | — |
Frequently asked questions
How many electric buses were sold in India in March 2026?
Which company sold the most electric buses in March 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.
