Electric Truck & LCV Sales October 2026: Tata Motors Leads With 42.3% Share
Every electric goods vehicle registered in India in October 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 October went
India registered 4,127 electric goods vehicles in October 2026, +166.4% on October 2025 and +21.3% on September.
Across the 10 completed months of 2026 to October, 26,321 electric goods vehicles have been registered, +200.8% on the same months of 2025.
Monthly electric goods vehicle registrations, 2023–2026
One line per calendar year. The dashed end of the current year is the month so far.
Electric Truck & LCV market share, October 2026
Tata Motors led the month with 1,745 registrations — 42.3% of the electric goods vehicle market — ahead of Euler Motors on 1,285 (31.1%), a gap of 460 units. Tata Motors also led September.
Euler Motors has gained the most share against October 2025, +21.19pp to 31.1%; Mahindra Last Mile has lost the most, −8.52pp to 11.4%.
The top three hold 84.8% of the segment; 26 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, October 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 | Oct 2026 | Share | MoM | YoY | Share vs Oct 2025 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 1,745 | 42.3% | +36.1% | +186.5% | +2.97pp |
| 2 | Euler Motors | 1,285 | 31.1% | +18.9% | +734.4% | +21.19pp |
| 3 | Mahindra Last Mile | 469 | 11.4% | +0.9% | +52.3% | −8.52pp |
| 4 | Switch Mobility | 198 | 4.8% | +13.1% | +61.0% | −3.14pp |
| 5 | Tivolt Electric Vehicles | 104 | 2.5% | −29.7% | +121.3% | −0.51pp |
| 6 | VECV (Eicher) | 76 | 1.8% | −2.6% | +13.4% | −2.48pp |
| 7 | Sany Heavy Industry India | 63 | 1.5% | +65.8% | +950.0% | +1.14pp |
| 8 | Energy In Motion | 51 | 1.2% | +64.5% | −16.4% | −2.70pp |
| 9 | Ipl Tech Electric | 45 | 1.1% | −10.0% | +136.8% | −0.14pp |
| 10 | Blue Energy Motors | 35 | 0.8% | +218.2% | — | +0.85pp |
| 11 | Qucev Technologies | 21 | 0.5% | −12.5% | +40.0% | −0.46pp |
| 12 | Propel Industries | 5 | 0.1% | — | +25.0% | −0.14pp |
| 13 | Putzmeister Concrete Machines | 5 | 0.1% | — | — | +0.12pp |
| 14 | YC Electric | 5 | 0.1% | −50.0% | +400.0% | +0.06pp |
| 15 | Omega Seiki | 4 | 0.1% | +33.3% | — | +0.10pp |
| All others (11 makers) | 16 | 0.4% |
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, 2026 to October
The same table over 2026 to October, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 10,799 | 41.03% | −0.43pp | +197.7% |
| 2 | Euler Motors | 7,017 | 26.66% | +20.43pp | — |
| 3 | Mahindra Last Mile | 3,292 | 12.51% | −11.44pp | +57.1% |
| 4 | Switch Mobility | 1,286 | 4.89% | −3.47pp | +75.9% |
| 5 | Tivolt Electric Vehicles | 967 | 3.67% | +1.80pp | +489.6% |
| 6 | Sany Heavy Industry India | 898 | 3.41% | +3.26pp | — |
| 7 | VECV (Eicher) | 598 | 2.27% | −2.78pp | +35.3% |
| 8 | Ipl Tech Electric | 464 | 1.76% | −0.10pp | +184.7% |
| 9 | Energy In Motion | 311 | 1.18% | +0.34pp | +320.3% |
| 10 | Qucev Technologies | 120 | 0.46% | −0.06pp | +166.7% |
| 11 | Blue Energy Motors | 94 | 0.36% | +0.29pp | — |
| 12 | Jupiter Electric Mobility | 64 | 0.24% | −0.42pp | +10.3% |
| 13 | Kinetic Motor Company | 53 | 0.20% | −0.11pp | +96.3% |
| 14 | Propel Industries | 32 | 0.12% | −0.30pp | −13.5% |
| 15 | Omega Seiki | 29 | 0.11% | +0.09pp | — |
Frequently asked questions
How many electric goods vehicles were sold in India in October 2026?
Which company sold the most electric goods vehicles in October 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 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.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
