Electric Truck & LCV Sales January 2025: Tata Motors Leads With 55.0% Share
Every electric goods vehicle registered in India in January 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 January went
India registered 607 electric goods vehicles in January 2025, +36.4% on January 2024 and +15.0% on December 2024.
Across the 1 completed month of 2025 to January, 607 electric goods vehicles have been registered, +36.4% 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, January 2025
Tata Motors led the month with 334 registrations — 55.0% of the electric goods vehicle market — ahead of Mahindra Last Mile on 133 (21.9%), a gap of 201 units. Tata Motors also led December.
Mahindra Last Mile has gained the most share against January 2024, +14.27pp to 21.9%; Tata Motors has lost the most, −24.08pp to 55.0%.
The top three hold 84.0% of the segment; 15 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, January 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 | Jan 2025 | Share | MoM | YoY | Share vs Jan 2024 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 334 | 55.0% | +7.7% | −5.1% | −24.08pp |
| 2 | Mahindra Last Mile | 133 | 21.9% | +56.5% | +291.2% | +14.27pp |
| 3 | Switch Mobility | 43 | 7.1% | −35.8% | — | +7.08pp |
| 4 | Evage Automotive | 25 | 4.1% | — | +150.0% | +1.87pp |
| 5 | Ipl Tech Electric | 18 | 3.0% | −5.3% | +260.0% | +1.84pp |
| 6 | Euler Motors | 16 | 2.6% | +166.7% | — | +2.64pp |
| 7 | Jaidka Power Systems | 14 | 2.3% | +600.0% | — | +2.31pp |
| 8 | Mahindra | 7 | 1.2% | −12.5% | +75.0% | +0.25pp |
| 9 | Tivolt Electric Vehicles | 6 | 1.0% | — | — | +0.99pp |
| 10 | Ashok Leyland | 3 | 0.5% | +50.0% | — | +0.49pp |
| 11 | Qucev Technologies | 3 | 0.5% | — | — | +0.49pp |
| 12 | Others | 2 | 0.3% | +100.0% | — | +0.33pp |
| 13 | Iboard India | 1 | 0.2% | — | — | +0.16pp |
| 14 | M/S General Motors Llc | 1 | 0.2% | — | — | +0.16pp |
| 15 | Omega Seiki | 1 | 0.2% | — | −91.7% | −2.53pp |
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 January
The same table over 2025 to January, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 334 | 55.02% | −24.08pp | −5.1% |
| 2 | Mahindra Last Mile | 133 | 21.91% | +14.27pp | +291.2% |
| 3 | Switch Mobility | 43 | 7.08% | +7.08pp | — |
| 4 | Evage Automotive | 25 | 4.12% | +1.87pp | +150.0% |
| 5 | Ipl Tech Electric | 18 | 2.97% | +1.84pp | +260.0% |
| 6 | Euler Motors | 16 | 2.64% | +2.64pp | — |
| 7 | Jaidka Power Systems | 14 | 2.31% | +2.31pp | — |
| 8 | Mahindra | 7 | 1.15% | +0.25pp | +75.0% |
| 9 | Tivolt Electric Vehicles | 6 | 0.99% | +0.99pp | — |
| 10 | Ashok Leyland | 3 | 0.49% | +0.49pp | — |
| 11 | Qucev Technologies | 3 | 0.49% | +0.49pp | — |
| 12 | Others | 2 | 0.33% | +0.33pp | — |
| 13 | Iboard India | 1 | 0.16% | +0.16pp | — |
| 14 | M/S General Motors Llc | 1 | 0.16% | +0.16pp | — |
| 15 | Omega Seiki | 1 | 0.16% | −2.53pp | −91.7% |
Frequently asked questions
How many electric goods vehicles were sold in India in January 2025?
Which company sold the most electric goods vehicles in January 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.
