Electric Bus Sales May 2025: PMI Electro Leads With 40.1% Share
Every electric bus registered in India in May 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 May went
India registered 367 electric buses in May 2025, +50.4% on May 2024 and +27.9% on April.
Across the 5 completed months of 2025 to May, 1,839 electric buses have been registered, +2.5% 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, May 2025
PMI Electro led the month with 147 registrations — 40.1% of the electric bus market — ahead of JBM Auto on 76 (20.7%), a gap of 71 units. PMI Electro also led April.
PMI Electro has gained the most share against May 2024, +13.42pp to 40.1%; Tata Motors has lost the most, −18.04pp to 0.8%.
The top three hold 80.4% of the segment; 7 manufacturers registered at least one electric bus.
Top 10 electric bus makers, May 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 | May 2025 | Share | MoM | YoY | Share vs May 2024 |
|---|---|---|---|---|---|---|
| 1 | PMI Electro | 147 | 40.1% | −21.8% | +126.2% | +13.42pp |
| 2 | JBM Auto | 76 | 20.7% | +81.0% | +123.5% | +6.77pp |
| 3 | Olectra Greentech | 72 | 19.6% | +188.0% | +41.2% | −1.28pp |
| 4 | Switch Mobility | 51 | 13.9% | — | +920.0% | +11.85pp |
| 5 | Pinnacle Mobility Solutions | 12 | 3.3% | +300.0% | +140.0% | +1.22pp |
| 6 | Jbm Electric Vehicles | 6 | 1.6% | +0.0% | — | +1.63pp |
| 7 | Tata Motors | 3 | 0.8% | −57.1% | −93.5% | −18.04pp |
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 May
The same table over 2025 to May, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | PMI Electro | 485 | 26.37% | +11.50pp | +81.6% |
| 2 | JBM Auto | 388 | 21.10% | +1.77pp | +11.8% |
| 3 | Switch Mobility | 377 | 20.50% | +17.38pp | +573.2% |
| 4 | Olectra Greentech | 336 | 18.27% | +3.62pp | +27.8% |
| 5 | Tata Motors | 99 | 5.38% | −29.60pp | −84.2% |
| 6 | Aeroeagle Automobiles | 63 | 3.43% | +3.43pp | — |
| 7 | Veera Vidyuth Vahana | 37 | 2.01% | +2.01pp | — |
| 8 | Pinnacle Mobility Solutions | 19 | 1.03% | −1.53pp | −58.7% |
| 9 | Jbm Electric Vehicles | 18 | 0.98% | +0.98pp | — |
| 10 | VECV (Eicher) | 12 | 0.65% | −5.75pp | −89.6% |
| 11 | Veera Vahana Udyog | 4 | 0.22% | −0.23pp | −50.0% |
| 12 | Mytrah Mobility | 1 | 0.05% | −3.51pp | −98.4% |
Frequently asked questions
How many electric buses were sold in India in May 2025?
Which company sold the most electric buses in May 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.
