Electric Truck & LCV Sales November 2025: Tata Motors Leads With 37.5% Share
Every electric goods vehicle registered in India in November 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 November went
India registered 1,335 electric goods vehicles in November 2025, +222.5% on November 2024 and −13.8% on October.
Across the 11 completed months of 2025 to November, 10,083 electric goods vehicles have been registered, +69.7% 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, November 2025
Tata Motors led the month with 501 registrations — 37.5% of the electric goods vehicle market — ahead of Euler Motors on 263 (19.7%), a gap of 238 units. Tata Motors also led October.
Euler Motors has gained the most share against November 2024, +18.98pp to 19.7%; Tata Motors has lost the most, −29.86pp to 37.5%.
The top three hold 76.3% of the segment; 24 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, November 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 | Nov 2025 | Share | MoM | YoY | Share vs Nov 2024 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 501 | 37.5% | −17.7% | +79.6% | −29.86pp |
| 2 | Euler Motors | 263 | 19.7% | +70.8% | +8666.7% | +18.98pp |
| 3 | Mahindra Last Mile | 254 | 19.0% | −17.5% | +337.9% | +5.02pp |
| 4 | Switch Mobility | 71 | 5.3% | −42.3% | +136.7% | −1.93pp |
| 5 | Tivolt Electric Vehicles | 66 | 4.9% | +40.4% | — | +4.94pp |
| 6 | VECV (Eicher) | 47 | 3.5% | −29.9% | +571.4% | +1.83pp |
| 7 | Propel Industries | 27 | 2.0% | +575.0% | +170.0% | −0.39pp |
| 8 | Energy In Motion | 21 | 1.6% | −65.6% | — | +1.57pp |
| 9 | Sany Heavy Industry India | 14 | 1.0% | +133.3% | — | +1.05pp |
| 10 | Blue Energy Commercial Vehicles | 13 | 1.0% | — | — | +0.97pp |
| 11 | Ipl Tech Electric | 12 | 0.9% | −36.8% | +500.0% | +0.42pp |
| 12 | Mahindra | 8 | 0.6% | −33.3% | +166.7% | −0.13pp |
| 13 | Omega Seiki | 8 | 0.6% | — | +300.0% | +0.12pp |
| 14 | Jupiter Electric Mobility | 6 | 0.4% | −75.0% | — | +0.45pp |
| 15 | Olectra Greentech | 5 | 0.4% | −82.8% | — | +0.37pp |
| All others (9 makers) | 19 | 1.4% |
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 November
The same table over 2025 to November, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 4,128 | 40.94% | −33.25pp | −6.3% |
| 2 | Mahindra Last Mile | 2,348 | 23.29% | +13.40pp | +300.0% |
| 3 | Euler Motors | 808 | 8.01% | +7.90pp | +11442.9% |
| 4 | Switch Mobility | 802 | 7.95% | +3.59pp | +209.7% |
| 5 | VECV (Eicher) | 489 | 4.85% | +3.60pp | +560.8% |
| 6 | Jaidka Power Systems | 306 | 3.03% | +3.03pp | — |
| 7 | Tivolt Electric Vehicles | 230 | 2.28% | +2.28pp | — |
| 8 | Ipl Tech Electric | 175 | 1.74% | +0.44pp | +127.3% |
| 9 | Mahindra | 102 | 1.01% | +0.64pp | +363.6% |
| 10 | Energy In Motion | 95 | 0.94% | +0.94pp | — |
| 11 | Pinnacle Mobility Solutions | 76 | 0.75% | −0.04pp | +61.7% |
| 12 | Jupiter Electric Mobility | 64 | 0.63% | +0.63pp | — |
| 13 | Propel Industries | 64 | 0.63% | +0.47pp | +540.0% |
| 14 | Ashok Leyland | 59 | 0.59% | +0.45pp | +637.5% |
| 15 | Kinetic Green | 52 | 0.52% | +0.01pp | +73.3% |
Frequently asked questions
How many electric goods vehicles were sold in India in November 2025?
Which company sold the most electric goods vehicles in November 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.
