Electric Truck & LCV Sales May 2026: Tata Motors Leads With 41.8% Share
Every electric goods vehicle registered in India in May 2026, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How May went
India registered 2,121 electric goods vehicles in May 2026, +196.6% on May 2025 and +7.7% on April.
Across the 5 completed months of 2026 to May, 9,239 electric goods vehicles have been registered, +190.7% on the same months of 2025.
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, May 2026
Tata Motors led the month with 886 registrations — 41.8% of the electric goods vehicle market — ahead of Euler Motors on 562 (26.5%), a gap of 324 units. Tata Motors also led April.
Euler Motors has gained the most share against May 2025, +21.60pp to 26.5%; Mahindra Last Mile has lost the most, −14.08pp to 12.8%.
The top three hold 81.0% of the segment; 17 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, May 2026
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 | May 2026 | Share | MoM | YoY | Share vs May 2025 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 886 | 41.8% | +8.7% | +290.3% | +10.02pp |
| 2 | Euler Motors | 562 | 26.5% | +1.4% | +1505.7% | +21.60pp |
| 3 | Mahindra Last Mile | 271 | 12.8% | −5.2% | +41.1% | −14.08pp |
| 4 | Switch Mobility | 160 | 7.5% | +95.1% | +116.2% | −2.81pp |
| 5 | Tivolt Electric Vehicles | 67 | 3.2% | −17.3% | +415.4% | +1.34pp |
| 6 | VECV (Eicher) | 61 | 2.9% | +48.8% | −11.6% | −6.77pp |
| 7 | Energy In Motion | 26 | 1.2% | −23.5% | — | +1.23pp |
| 8 | Ipl Tech Electric | 23 | 1.1% | +4.5% | −8.0% | −2.41pp |
| 9 | Qucev Technologies | 16 | 0.8% | +100.0% | +700.0% | +0.47pp |
| 10 | Sany Heavy Industry India | 15 | 0.7% | −21.1% | — | +0.71pp |
| 11 | Jupiter Electric Mobility | 10 | 0.5% | +400.0% | +900.0% | +0.33pp |
| 12 | Pinnacle Mobility Solutions | 9 | 0.4% | +350.0% | −57.1% | −2.51pp |
| 13 | Kinetic Motor Company | 8 | 0.4% | +100.0% | +700.0% | +0.24pp |
| 14 | Dilli Electric | 3 | 0.1% | +200.0% | +200.0% | 0.00pp |
| 15 | TVS Motor | 2 | 0.1% | +100.0% | — | +0.09pp |
| All others (2 makers) | 2 | 0.1% |
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, 2026 to May
The same table over 2026 to May, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 3,906 | 42.28% | −2.12pp | +176.8% |
| 2 | Euler Motors | 2,247 | 24.32% | +19.95pp | +1516.5% |
| 3 | Mahindra Last Mile | 1,312 | 14.20% | −10.41pp | +67.8% |
| 4 | Switch Mobility | 510 | 5.52% | −1.84pp | +117.9% |
| 5 | Tivolt Electric Vehicles | 359 | 3.89% | +2.78pp | +925.7% |
| 6 | VECV (Eicher) | 241 | 2.61% | −0.66pp | +131.7% |
| 7 | Energy In Motion | 143 | 1.55% | +1.55pp | — |
| 8 | Sany Heavy Industry India | 109 | 1.18% | +1.18pp | — |
| 9 | Ipl Tech Electric | 104 | 1.13% | −1.36pp | +31.6% |
| 10 | Jupiter Electric Mobility | 51 | 0.55% | +0.52pp | +5000.0% |
| 11 | Qucev Technologies | 47 | 0.51% | +0.19pp | +370.0% |
| 12 | Blue Energy Commercial Vehicles | 33 | 0.36% | +0.36pp | — |
| 13 | Pinnacle Mobility Solutions | 21 | 0.23% | −1.38pp | −58.8% |
| 14 | Kinetic Motor Company | 20 | 0.22% | 0.00pp | +185.7% |
| 15 | Propel Industries | 20 | 0.22% | −0.73pp | −33.3% |
Frequently asked questions
How many electric goods vehicles were sold in India in May 2026?
Which company sold the most electric goods vehicles in May 2026?
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.
