Electric Truck & LCV Sales April 2025: Tata Motors Leads With 43.3% Share
Every electric goods vehicle registered in India in April 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 April went
India registered 651 electric goods vehicles in April 2025, +125.3% on April 2024 and −7.5% on March.
Across the 4 completed months of 2025 to April, 2,463 electric goods vehicles have been registered, −18.8% on the same months of 2024.
Monthly electric goods vehicle registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Truck & LCV market share, April 2025
Tata Motors led the month with 282 registrations — 43.3% of the electric goods vehicle market — ahead of Mahindra Last Mile on 168 (25.8%), a gap of 114 units. Tata Motors also led March.
Jaidka Power Systems has gained the most share against April 2024, +8.29pp to 8.3%; Tata Motors has lost the most, −16.54pp to 43.3%.
The top three hold 77.4% of the segment; 10 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, April 2025
Electric goods vehicle registrations only — every other vehicle type these companies make is excluded.
Share is of every electric goods vehicle 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 | Apr 2025 | Share | MoM | YoY | Share vs Apr 2024 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 282 | 43.3% | −8.7% | +63.0% | −16.54pp |
| 2 | Mahindra Last Mile | 168 | 25.8% | −2.3% | +133.3% | +0.89pp |
| 3 | Jaidka Power Systems | 54 | 8.3% | −19.4% | — | +8.29pp |
| 4 | Euler Motors | 40 | 6.1% | +29.0% | — | +6.14pp |
| 5 | Switch Mobility | 35 | 5.4% | −22.2% | — | +5.38pp |
| 6 | VECV (Eicher) | 27 | 4.1% | +575.0% | +68.8% | −1.39pp |
| 7 | Ipl Tech Electric | 21 | 3.2% | +75.0% | — | +3.23pp |
| 8 | Tivolt Electric Vehicles | 9 | 1.4% | +350.0% | — | +1.38pp |
| 9 | Mahindra | 8 | 1.2% | +0.0% | +300.0% | +0.54pp |
| 10 | Pinnacle Mobility Solutions | 7 | 1.1% | −30.0% | +16.7% | −1.00pp |
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 goods vehicle market for the six largest makers this month, over the last 15 completed months.
Electric Truck & LCV market share by month
Share of the segment each month, in per cent.
Market share, 2025 to April
The same table over 2025 to April, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 1,184 | 48.07% | −32.77pp | −51.7% |
| 2 | Mahindra Last Mile | 590 | 23.95% | +13.37pp | +83.8% |
| 3 | Jaidka Power Systems | 166 | 6.74% | +6.74pp | — |
| 4 | Switch Mobility | 160 | 6.50% | +6.30pp | +2566.7% |
| 5 | Euler Motors | 104 | 4.22% | +4.22pp | — |
| 6 | Ipl Tech Electric | 54 | 2.19% | +2.03pp | +980.0% |
| 7 | VECV (Eicher) | 35 | 1.42% | +0.76pp | +75.0% |
| 8 | Pinnacle Mobility Solutions | 30 | 1.22% | +0.56pp | +50.0% |
| 9 | Propel Industries | 29 | 1.18% | +1.18pp | — |
| 10 | Mahindra | 28 | 1.14% | +0.64pp | +86.7% |
| 11 | Evage Automotive | 26 | 1.06% | +0.07pp | −13.3% |
| 12 | Tivolt Electric Vehicles | 22 | 0.89% | +0.89pp | — |
| 13 | Qucev Technologies | 8 | 0.32% | +0.32pp | — |
| 14 | Kinetic Motor Company | 6 | 0.24% | +0.24pp | — |
| 15 | Others | 6 | 0.24% | +0.24pp | — |
Frequently asked questions
How many electric goods vehicles were sold in India in April 2025?
Which company sold the most electric goods vehicles in April 2025?
What is the electric goods vehicle market share of each brand?
How are these numbers measured?
Electric Truck & LCV 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.
