Electric Bus Sales November 2025: Olectra Greentech Leads With 34.3% Share
Every electric bus registered in India in November 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 November went
India registered 428 electric buses in November 2025, +114.0% on November 2024 and +29.3% on October.
Across the 11 completed months of 2025 to November, 4,351 electric buses have been registered, +15.5% 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, November 2025
Olectra Greentech led the month with 147 registrations — 34.3% of the electric bus market — ahead of Pinnacle Mobility Solutions on 126 (29.4%), a gap of 21 units. Olectra Greentech also led October.
Pinnacle Mobility Solutions has gained the most share against November 2024, +26.44pp to 29.4%; Tata Motors has lost the most, −30.53pp to 0.5%.
The top three hold 80.8% of the segment; 7 manufacturers registered at least one electric bus.
Top 10 electric bus makers, November 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 | Nov 2025 | Share | MoM | YoY | Share vs Nov 2024 |
|---|---|---|---|---|---|---|
| 1 | Olectra Greentech | 147 | 34.3% | +5.0% | +234.1% | +12.35pp |
| 2 | Pinnacle Mobility Solutions | 126 | 29.4% | +1475.0% | +2000.0% | +26.44pp |
| 3 | PMI Electro | 73 | 17.1% | −31.8% | +7200.0% | +16.56pp |
| 4 | Switch Mobility | 54 | 12.6% | +86.2% | +2600.0% | +11.62pp |
| 5 | JBM Auto | 20 | 4.7% | −31.0% | −54.5% | −17.33pp |
| 6 | Azad India Mobility | 6 | 1.4% | −25.0% | — | +1.40pp |
| 7 | Tata Motors | 2 | 0.5% | −50.0% | −96.8% | −30.53pp |
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 November
The same table over 2025 to November, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Olectra Greentech | 1,034 | 23.76% | +4.13pp | +39.7% |
| 2 | PMI Electro | 914 | 21.01% | +7.63pp | +81.3% |
| 3 | JBM Auto | 879 | 20.20% | +3.30pp | +38.0% |
| 4 | Switch Mobility | 775 | 17.81% | +15.00pp | +631.1% |
| 5 | Pinnacle Mobility Solutions | 308 | 7.08% | +4.64pp | +234.8% |
| 6 | Tata Motors | 220 | 5.06% | −33.21pp | −84.7% |
| 7 | Aeroeagle Automobiles | 66 | 1.52% | +0.85pp | +164.0% |
| 8 | Jbm Electric Vehicles | 60 | 1.38% | +1.38pp | — |
| 9 | Veera Vidyuth Vahana | 37 | 0.85% | +0.85pp | — |
| 10 | Azad India Mobility | 27 | 0.62% | +0.62pp | — |
| 11 | VECV (Eicher) | 25 | 0.57% | −3.09pp | −81.9% |
| 12 | Veera Vahana Udyog | 4 | 0.09% | −0.17pp | −60.0% |
| 13 | Mytrah Mobility | 2 | 0.05% | −1.65pp | −96.9% |
Frequently asked questions
How many electric buses were sold in India in November 2025?
Which company sold the most electric buses in November 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.
