Electric Bus Sales May 2026: JBM Auto Leads With 41.2% Share
Every electric bus registered in India in May 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 May went
India registered 381 electric buses in May 2026, +3.8% on May 2025 and +9.8% on April.
Across the 5 completed months of 2026 to May, 2,371 electric buses have been registered, +28.9% 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, May 2026
JBM Auto led the month with 157 registrations — 41.2% of the electric bus market — ahead of Olectra Greentech on 106 (27.8%), a gap of 51 units. That is a change at the top: PMI Electro led April.
JBM Auto has gained the most share against May 2025, +20.50pp to 41.2%; PMI Electro has lost the most, −26.93pp to 13.1%.
The top three hold 82.7% of the segment; 8 manufacturers registered at least one electric bus.
Top 10 electric bus makers, May 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 | May 2026 | Share | MoM | YoY | Share vs May 2025 |
|---|---|---|---|---|---|---|
| 1 | JBM Auto | 157 | 41.2% | +190.7% | +106.6% | +20.50pp |
| 2 | Olectra Greentech | 106 | 27.8% | +10500.0% | +47.2% | +8.20pp |
| 3 | Switch Mobility | 52 | 13.6% | −16.1% | +2.0% | −0.25pp |
| 4 | PMI Electro | 50 | 13.1% | −55.0% | −66.0% | −26.93pp |
| 5 | Pinnacle Mobility Solutions | 5 | 1.3% | −90.4% | −58.3% | −1.96pp |
| 6 | Tata Motors | 4 | 1.0% | +33.3% | +33.3% | +0.23pp |
| 7 | Veera Vidyuth Vahana | 4 | 1.0% | — | — | +1.05pp |
| 8 | Aeroeagle Automobiles | 3 | 0.8% | −89.3% | — | +0.79pp |
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 May
The same table over 2026 to May, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | JBM Auto | 661 | 27.88% | +6.78pp | +70.4% |
| 2 | Switch Mobility | 655 | 27.63% | +7.13pp | +73.7% |
| 3 | PMI Electro | 417 | 17.59% | −8.79pp | −14.0% |
| 4 | Olectra Greentech | 288 | 12.15% | −6.12pp | −14.3% |
| 5 | Pinnacle Mobility Solutions | 119 | 5.02% | +3.99pp | +526.3% |
| 6 | Aeroeagle Automobiles | 102 | 4.30% | +0.88pp | +61.9% |
| 7 | Tata Motors | 53 | 2.24% | −3.15pp | −46.5% |
| 8 | Jbm Electric Vehicles | 25 | 1.05% | +0.08pp | +38.9% |
| 9 | Jsw Greentech | 25 | 1.05% | +1.05pp | — |
| 10 | VECV (Eicher) | 11 | 0.46% | −0.19pp | −8.3% |
| 11 | Azad India Mobility | 10 | 0.42% | +0.42pp | — |
| 12 | Veera Vidyuth Vahana | 4 | 0.17% | −1.84pp | −89.2% |
| 13 | Neuton Auto | 1 | 0.04% | +0.04pp | — |
Frequently asked questions
How many electric buses were sold in India in May 2026?
Which company sold the most electric buses in May 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.
