Electric Truck & LCV Sales February 2025: Tata Motors Leads With 51.7% Share
Every electric goods vehicle registered in India in February 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 February went
India registered 501 electric goods vehicles in February 2025, −6.7% on February 2024 and −17.5% on January.
Across the 2 completed months of 2025 to February, 1,108 electric goods vehicles have been registered, +12.8% 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, February 2025
Tata Motors led the month with 259 registrations — 51.7% of the electric goods vehicle market — ahead of Mahindra Last Mile on 117 (23.4%), a gap of 142 units. Tata Motors also led January.
Mahindra Last Mile has gained the most share against February 2024, +16.28pp to 23.4%; Tata Motors has lost the most, −28.94pp to 51.7%.
The top three hold 82.4% of the segment; 14 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, February 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 | Feb 2025 | Share | MoM | YoY | Share vs Feb 2024 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 259 | 51.7% | −22.5% | −40.2% | −28.94pp |
| 2 | Mahindra Last Mile | 117 | 23.4% | −12.0% | +207.9% | +16.28pp |
| 3 | Switch Mobility | 37 | 7.4% | −14.0% | +1133.3% | +6.83pp |
| 4 | Jaidka Power Systems | 31 | 6.2% | +121.4% | — | +6.19pp |
| 5 | Euler Motors | 17 | 3.4% | +6.2% | — | +3.39pp |
| 6 | Pinnacle Mobility Solutions | 13 | 2.6% | — | +1200.0% | +2.41pp |
| 7 | Propel Industries | 6 | 1.2% | — | — | +1.20pp |
| 8 | Mahindra | 5 | 1.0% | −28.6% | +0.0% | +0.07pp |
| 9 | Tivolt Electric Vehicles | 5 | 1.0% | −16.7% | — | +1.00pp |
| 10 | VECV (Eicher) | 4 | 0.8% | — | — | +0.80pp |
| 11 | Ipl Tech Electric | 3 | 0.6% | −83.3% | — | +0.60pp |
| 12 | Iboard India | 2 | 0.4% | +100.0% | — | +0.40pp |
| 13 | Klb Komaki | 1 | 0.2% | — | — | +0.20pp |
| 14 | Omega Seiki | 1 | 0.2% | +0.0% | −50.0% | −0.17pp |
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 February
The same table over 2025 to February, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 593 | 53.52% | −26.42pp | −24.5% |
| 2 | Mahindra Last Mile | 250 | 22.56% | +15.23pp | +247.2% |
| 3 | Switch Mobility | 80 | 7.22% | +6.91pp | +2566.7% |
| 4 | Jaidka Power Systems | 45 | 4.06% | +4.06pp | — |
| 5 | Euler Motors | 33 | 2.98% | +2.98pp | — |
| 6 | Evage Automotive | 25 | 2.26% | −0.29pp | +0.0% |
| 7 | Ipl Tech Electric | 21 | 1.90% | +1.39pp | +320.0% |
| 8 | Pinnacle Mobility Solutions | 13 | 1.17% | +1.07pp | +1200.0% |
| 9 | Mahindra | 12 | 1.08% | +0.17pp | +33.3% |
| 10 | Tivolt Electric Vehicles | 11 | 0.99% | +0.99pp | — |
| 11 | Propel Industries | 6 | 0.54% | +0.54pp | — |
| 12 | VECV (Eicher) | 4 | 0.36% | −0.05pp | +0.0% |
| 13 | Ashok Leyland | 3 | 0.27% | +0.27pp | — |
| 14 | Iboard India | 3 | 0.27% | +0.27pp | — |
| 15 | Qucev Technologies | 3 | 0.27% | +0.27pp | — |
Frequently asked questions
How many electric goods vehicles were sold in India in February 2025?
Which company sold the most electric goods vehicles in February 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.
