Electric Truck & LCV Sales December 2024: Tata Motors Leads With 58.7% Share
Every electric goods vehicle registered in India in December 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 December went
India registered 528 electric goods vehicles in December 2024, +27.5% on November.
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, December 2024
Tata Motors led the month with 310 registrations — 58.7% of the electric goods vehicle market — ahead of Mahindra Last Mile on 85 (16.1%), a gap of 225 units. Tata Motors also led November.
The top three hold 87.5% of the segment; 14 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, December 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 | Dec 2024 | Share | MoM | YoY | Share vs Dec 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 310 | 58.7% | +11.1% | — | — |
| 2 | Mahindra Last Mile | 85 | 16.1% | +46.6% | — | — |
| 3 | Switch Mobility | 67 | 12.7% | +123.3% | — | — |
| 4 | Ipl Tech Electric | 19 | 3.6% | +850.0% | — | — |
| 5 | Propel Industries | 10 | 1.9% | +0.0% | — | — |
| 6 | Pinnacle Mobility Solutions | 9 | 1.7% | +28.6% | — | — |
| 7 | Mahindra | 8 | 1.5% | +166.7% | — | — |
| 8 | VECV (Eicher) | 7 | 1.3% | +0.0% | — | — |
| 9 | Euler Motors | 6 | 1.1% | +100.0% | — | — |
| 10 | Ashok Leyland | 2 | 0.4% | +0.0% | — | — |
| 11 | Jaidka Power Systems | 2 | 0.4% | — | — | — |
| 12 | Hop Motors | 1 | 0.2% | — | — | — |
| 13 | Others | 1 | 0.2% | −75.0% | — | — |
| 14 | Unique International Ev | 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, full year 2024
The same table over full year 2024, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 4,717 | 72.93% | — | — |
| 2 | Mahindra Last Mile | 672 | 10.39% | — | — |
| 3 | Switch Mobility | 326 | 5.04% | — | — |
| 4 | Omega Seiki | 135 | 2.09% | — | — |
| 5 | Ipl Tech Electric | 96 | 1.48% | — | — |
| 6 | Byd India | 82 | 1.27% | — | — |
| 7 | VECV (Eicher) | 81 | 1.25% | — | — |
| 8 | Evage Automotive | 75 | 1.16% | — | — |
| 9 | Pinnacle Mobility Solutions | 56 | 0.87% | — | — |
| 10 | Kinetic Green | 30 | 0.46% | — | — |
| 11 | Mahindra | 30 | 0.46% | — | — |
| 12 | Propel Industries | 20 | 0.31% | — | — |
| 13 | Victory Electric Vehicles International | 20 | 0.31% | — | — |
| 14 | Olectra Greentech | 16 | 0.25% | — | — |
| 15 | Mlr Auto | 15 | 0.23% | — | — |
Frequently asked questions
How many electric goods vehicles were sold in India in December 2024?
Which company sold the most electric goods vehicles in December 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.
