Electric Bus Sales October 2024: Tata Motors Leads With 31.7% Share
Every electric bus registered in India in October 2024, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How October went
India registered 438 electric buses in October 2024, −12.6% on September.
Monthly electric bus registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Bus market share, October 2024
Tata Motors led the month with 139 registrations — 31.7% of the electric bus market — ahead of JBM Auto on 88 (20.1%), a gap of 51 units. Tata Motors also led September.
The top three hold 71.5% of the segment; 7 manufacturers registered at least one electric bus.
Top 10 electric bus makers, October 2024
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 | Oct 2024 | Share | MoM | YoY | Share vs Oct 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 139 | 31.7% | −21.9% | — | — |
| 2 | JBM Auto | 88 | 20.1% | +83.3% | — | — |
| 3 | PMI Electro | 86 | 19.6% | +16.2% | — | — |
| 4 | Olectra Greentech | 81 | 18.5% | −53.2% | — | — |
| 5 | Pinnacle Mobility Solutions | 22 | 5.0% | +175.0% | — | — |
| 6 | Switch Mobility | 19 | 4.3% | −5.0% | — | — |
| 7 | Aeroeagle Automobiles | 3 | 0.7% | — | — | — |
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, 2024 to October
The same table over 2024 to October, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 1,380 | 38.68% | — | — |
| 2 | Olectra Greentech | 696 | 19.51% | — | — |
| 3 | JBM Auto | 593 | 16.62% | — | — |
| 4 | PMI Electro | 503 | 14.10% | — | — |
| 5 | VECV (Eicher) | 119 | 3.34% | — | — |
| 6 | Switch Mobility | 104 | 2.91% | — | — |
| 7 | Pinnacle Mobility Solutions | 86 | 2.41% | — | — |
| 8 | Mytrah Mobility | 64 | 1.79% | — | — |
| 9 | Veera Vahana Udyog | 10 | 0.28% | — | — |
| 10 | Causis E-Mobility | 8 | 0.22% | — | — |
| 11 | Aeroeagle Automobiles | 3 | 0.08% | — | — |
| 12 | Others | 2 | 0.06% | — | — |
Frequently asked questions
How many electric buses were sold in India in October 2024?
Which company sold the most electric buses in October 2024?
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.
