Electric Truck & LCV Sales December 2025: Tata Motors Leads With 36.9% Share
Every electric goods vehicle registered in India in December 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 December went
India registered 1,448 electric goods vehicles in December 2025, +174.2% on December 2024 and +8.5% on November.
Across the 12 completed months of 2025 to December, 11,531 electric goods vehicles have been registered, +78.3% 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, December 2025
Tata Motors led the month with 534 registrations — 36.9% of the electric goods vehicle market — ahead of Euler Motors on 289 (20.0%), a gap of 245 units. Tata Motors also led November.
Euler Motors has gained the most share against December 2024, +18.82pp to 20.0%; Tata Motors has lost the most, −21.83pp to 36.9%.
The top three hold 71.5% of the segment; 22 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, December 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 | Dec 2025 | Share | MoM | YoY | Share vs Dec 2024 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 534 | 36.9% | +6.6% | +72.3% | −21.83pp |
| 2 | Euler Motors | 289 | 20.0% | +9.9% | +4716.7% | +18.82pp |
| 3 | Mahindra Last Mile | 212 | 14.6% | −16.5% | +149.4% | −1.46pp |
| 4 | Switch Mobility | 149 | 10.3% | +109.9% | +122.4% | −2.40pp |
| 5 | Tivolt Electric Vehicles | 77 | 5.3% | +16.7% | — | +5.32pp |
| 6 | VECV (Eicher) | 71 | 4.9% | +51.1% | +914.3% | +3.58pp |
| 7 | Ipl Tech Electric | 32 | 2.2% | +166.7% | +68.4% | −1.39pp |
| 8 | Pinnacle Mobility Solutions | 15 | 1.0% | +650.0% | +66.7% | −0.67pp |
| 9 | Olectra Greentech | 13 | 0.9% | +160.0% | — | +0.90pp |
| 10 | Propel Industries | 10 | 0.7% | −63.0% | +0.0% | −1.20pp |
| 11 | Others | 7 | 0.5% | +250.0% | +600.0% | +0.29pp |
| 12 | Qucev Technologies | 7 | 0.5% | +75.0% | — | +0.48pp |
| 13 | Ashok Leyland | 6 | 0.4% | +50.0% | +200.0% | +0.04pp |
| 14 | Mahindra | 6 | 0.4% | −25.0% | −25.0% | −1.10pp |
| 15 | Iboard India | 5 | 0.3% | +400.0% | — | +0.35pp |
| All others (7 makers) | 15 | 1.0% |
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 2025
The same table over full year 2025, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 4,662 | 40.43% | −32.50pp | −1.2% |
| 2 | Mahindra Last Mile | 2,560 | 22.20% | +11.81pp | +281.0% |
| 3 | Euler Motors | 1,097 | 9.51% | +9.31pp | +8338.5% |
| 4 | Switch Mobility | 951 | 8.25% | +3.21pp | +191.7% |
| 5 | VECV (Eicher) | 560 | 4.86% | +3.60pp | +591.4% |
| 6 | Jaidka Power Systems | 309 | 2.68% | +2.65pp | +15350.0% |
| 7 | Tivolt Electric Vehicles | 307 | 2.66% | +2.66pp | — |
| 8 | Ipl Tech Electric | 207 | 1.80% | +0.31pp | +115.6% |
| 9 | Mahindra | 108 | 0.94% | +0.47pp | +260.0% |
| 10 | Energy In Motion | 95 | 0.82% | +0.82pp | — |
| 11 | Pinnacle Mobility Solutions | 91 | 0.79% | −0.08pp | +62.5% |
| 12 | Propel Industries | 74 | 0.64% | +0.33pp | +270.0% |
| 13 | Ashok Leyland | 65 | 0.56% | +0.41pp | +550.0% |
| 14 | Jupiter Electric Mobility | 65 | 0.56% | +0.56pp | — |
| 15 | Qucev Technologies | 56 | 0.49% | +0.44pp | +1766.7% |
Frequently asked questions
How many electric goods vehicles were sold in India in December 2025?
Which company sold the most electric goods vehicles in December 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.
