Electric Truck & LCV Sales August 2024: Tata Motors Leads With 69.0% Share
Every electric goods vehicle registered in India in August 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 August went
India registered 435 electric goods vehicles in August 2024, +13.6% on July.
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, August 2024
Tata Motors led the month with 300 registrations — 69.0% of the electric goods vehicle market — ahead of Switch Mobility on 33 (7.6%), a gap of 267 units. Tata Motors also led July.
The top three hold 81.6% of the segment; 11 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, August 2024
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 | Aug 2024 | Share | MoM | YoY | Share vs Aug 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 300 | 69.0% | +39.5% | — | — |
| 2 | Switch Mobility | 33 | 7.6% | +10.0% | — | — |
| 3 | Mahindra Last Mile | 22 | 5.1% | −66.7% | — | — |
| 4 | Ipl Tech Electric | 20 | 4.6% | +566.7% | — | — |
| 5 | Victory Electric Vehicles International | 20 | 4.6% | — | — | — |
| 6 | Evage Automotive | 15 | 3.4% | +1400.0% | — | — |
| 7 | Omega Seiki | 15 | 3.4% | −48.3% | — | — |
| 8 | VECV (Eicher) | 7 | 1.6% | −61.1% | — | — |
| 9 | Ashok Leyland | 1 | 0.2% | +0.0% | — | — |
| 10 | Byd India | 1 | 0.2% | — | — | — |
| 11 | Mlr Auto | 1 | 0.2% | — | — | — |
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, 2024 to August
The same table over 2024 to August, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 3,471 | 76.15% | — | — |
| 2 | Mahindra Last Mile | 449 | 9.85% | — | — |
| 3 | Switch Mobility | 120 | 2.63% | — | — |
| 4 | Byd India | 80 | 1.76% | — | — |
| 5 | Omega Seiki | 76 | 1.67% | — | — |
| 6 | Evage Automotive | 75 | 1.65% | — | — |
| 7 | VECV (Eicher) | 63 | 1.38% | — | — |
| 8 | Ipl Tech Electric | 54 | 1.18% | — | — |
| 9 | Kinetic Green | 30 | 0.66% | — | — |
| 10 | Pinnacle Mobility Solutions | 27 | 0.59% | — | — |
| 11 | Victory Electric Vehicles International | 20 | 0.44% | — | — |
| 12 | Mahindra | 19 | 0.42% | — | — |
| 13 | Olectra Greentech | 16 | 0.35% | — | — |
| 14 | Mlr Auto | 14 | 0.31% | — | — |
| 15 | Piaggio | 8 | 0.18% | — | — |
Frequently asked questions
How many electric goods vehicles were sold in India in August 2024?
Which company sold the most electric goods vehicles in August 2024?
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.
