Electric Truck & LCV Sales June 2024: Tata Motors Leads With 77.4% Share
Every electric goods vehicle registered in India in June 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 June went
India registered 389 electric goods vehicles in June 2024, +21.9% on May.
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, June 2024
Tata Motors led the month with 301 registrations — 77.4% of the electric goods vehicle market — ahead of Switch Mobility on 39 (10.0%), a gap of 262 units. Tata Motors also led May.
The top three hold 93.8% of the segment; 17 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, June 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 | Jun 2024 | Share | MoM | YoY | Share vs Jun 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 301 | 77.4% | +47.5% | — | — |
| 2 | Switch Mobility | 39 | 10.0% | +225.0% | — | — |
| 3 | Mahindra Last Mile | 25 | 6.4% | +66.7% | — | — |
| 4 | VECV (Eicher) | 5 | 1.3% | −61.5% | — | — |
| 5 | Piaggio | 4 | 1.0% | — | — | — |
| 6 | Byd India | 2 | 0.5% | −60.0% | — | — |
| 7 | Mlr Auto | 2 | 0.5% | −50.0% | — | — |
| 8 | Qucev Technologies | 2 | 0.5% | — | — | — |
| 9 | Altigreen Propulsion Labs | 1 | 0.3% | — | — | — |
| 10 | Big Bull Trader | 1 | 0.3% | — | — | — |
| 11 | Euler Motors | 1 | 0.3% | — | — | — |
| 12 | Ipl Tech Electric | 1 | 0.3% | −96.0% | — | — |
| 13 | Kinetic Motor Company | 1 | 0.3% | +0.0% | — | — |
| 14 | Klb Komaki | 1 | 0.3% | — | — | — |
| 15 | Mahindra | 1 | 0.3% | −66.7% | — | — |
| All others (2 makers) | 2 | 0.5% |
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 June
The same table over 2024 to June, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 2,956 | 79.04% | — | — |
| 2 | Mahindra Last Mile | 361 | 9.65% | — | — |
| 3 | Byd India | 79 | 2.11% | — | — |
| 4 | Evage Automotive | 59 | 1.58% | — | — |
| 5 | Switch Mobility | 57 | 1.52% | — | — |
| 6 | VECV (Eicher) | 38 | 1.02% | — | — |
| 7 | Omega Seiki | 32 | 0.86% | — | — |
| 8 | Ipl Tech Electric | 31 | 0.83% | — | — |
| 9 | Kinetic Green | 27 | 0.72% | — | — |
| 10 | Pinnacle Mobility Solutions | 22 | 0.59% | — | — |
| 11 | Mahindra | 19 | 0.51% | — | — |
| 12 | Olectra Greentech | 16 | 0.43% | — | — |
| 13 | Mlr Auto | 13 | 0.35% | — | — |
| 14 | Piaggio | 8 | 0.21% | — | — |
| 15 | Altigreen Propulsion Labs | 3 | 0.08% | — | — |
Frequently asked questions
How many electric goods vehicles were sold in India in June 2024?
Which company sold the most electric goods vehicles in June 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.
