Electric Bus Sales October 2025: Olectra Greentech Leads With 42.3% Share
Every electric bus registered in India in October 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 October went
India registered 331 electric buses in October 2025, −24.4% on October 2024 and −5.7% on September.
Across the 10 completed months of 2025 to October, 3,923 electric buses have been registered, +9.9% 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, October 2025
Olectra Greentech led the month with 140 registrations — 42.3% of the electric bus market — ahead of PMI Electro on 107 (32.3%), a gap of 33 units. Olectra Greentech also led September.
Olectra Greentech has gained the most share against October 2024, +23.80pp to 42.3%; Tata Motors has lost the most, −30.53pp to 1.2%.
The top three hold 83.4% of the segment; 8 manufacturers registered at least one electric bus.
Top 10 electric bus makers, October 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 | Oct 2025 | Share | MoM | YoY | Share vs Oct 2024 |
|---|---|---|---|---|---|---|
| 1 | Olectra Greentech | 140 | 42.3% | −2.1% | +72.8% | +23.80pp |
| 2 | PMI Electro | 107 | 32.3% | +25.9% | +24.4% | +12.69pp |
| 3 | JBM Auto | 29 | 8.8% | +190.0% | −67.0% | −11.33pp |
| 4 | Switch Mobility | 29 | 8.8% | −58.6% | +52.6% | +4.42pp |
| 5 | Azad India Mobility | 8 | 2.4% | +100.0% | — | +2.42pp |
| 6 | Pinnacle Mobility Solutions | 8 | 2.4% | −27.3% | −63.6% | −2.61pp |
| 7 | Jbm Electric Vehicles | 6 | 1.8% | −45.5% | — | +1.81pp |
| 8 | Tata Motors | 4 | 1.2% | −63.6% | −97.1% | −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 October
The same table over 2025 to October, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Olectra Greentech | 887 | 22.61% | +3.10pp | +27.4% |
| 2 | JBM Auto | 859 | 21.90% | +5.28pp | +44.9% |
| 3 | PMI Electro | 841 | 21.44% | +7.34pp | +67.2% |
| 4 | Switch Mobility | 721 | 18.38% | +15.46pp | +593.3% |
| 5 | Tata Motors | 218 | 5.56% | −33.12pp | −84.2% |
| 6 | Pinnacle Mobility Solutions | 182 | 4.64% | +2.23pp | +111.6% |
| 7 | Aeroeagle Automobiles | 66 | 1.68% | +1.60pp | +2100.0% |
| 8 | Jbm Electric Vehicles | 60 | 1.53% | +1.53pp | — |
| 9 | Veera Vidyuth Vahana | 37 | 0.94% | +0.94pp | — |
| 10 | VECV (Eicher) | 25 | 0.64% | −2.70pp | −79.0% |
| 11 | Azad India Mobility | 21 | 0.54% | +0.54pp | — |
| 12 | Veera Vahana Udyog | 4 | 0.10% | −0.18pp | −60.0% |
| 13 | Mytrah Mobility | 2 | 0.05% | −1.74pp | −96.9% |
Frequently asked questions
How many electric buses were sold in India in October 2025?
Which company sold the most electric buses in October 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.
