Electric Truck & LCV Sales September 2025: Tata Motors Leads With 48.4% Share
Every electric goods vehicle registered in India in September 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 September went
India registered 1,264 electric goods vehicles in September 2025, +166.7% on September 2024 and +6.3% on August.
Across the 9 completed months of 2025 to September, 7,199 electric goods vehicles have been registered, +43.1% 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, September 2025
Tata Motors led the month with 612 registrations — 48.4% of the electric goods vehicle market — ahead of Mahindra Last Mile on 276 (21.8%), a gap of 336 units. Tata Motors also led August.
Mahindra Last Mile has gained the most share against September 2024, +13.82pp to 21.8%; Tata Motors has lost the most, −11.71pp to 48.4%.
The top three hold 77.4% of the segment; 20 manufacturers registered at least one electric goods vehicle.
Top 10 electric goods vehicle makers, September 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 | Sep 2025 | Share | MoM | YoY | Share vs Sep 2024 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors | 612 | 48.4% | +53.8% | +114.7% | −11.71pp |
| 2 | Mahindra Last Mile | 276 | 21.8% | +7.8% | +626.3% | +13.82pp |
| 3 | Switch Mobility | 90 | 7.1% | −48.9% | +40.6% | −6.38pp |
| 4 | VECV (Eicher) | 70 | 5.5% | −18.6% | +1650.0% | +4.69pp |
| 5 | Euler Motors | 61 | 4.8% | −23.8% | +6000.0% | +4.61pp |
| 6 | Kinetic Green | 51 | 4.0% | — | — | +4.03pp |
| 7 | Tivolt Electric Vehicles | 34 | 2.7% | +30.8% | — | +2.69pp |
| 8 | Mahindra | 17 | 1.3% | +325.0% | — | +1.34pp |
| 9 | Energy In Motion | 13 | 1.0% | — | — | +1.03pp |
| 10 | Ipl Tech Electric | 6 | 0.5% | −85.0% | −25.0% | −1.21pp |
| 11 | Others | 6 | 0.5% | +500.0% | +100.0% | −0.16pp |
| 12 | Ashok Leyland | 5 | 0.4% | −81.5% | +150.0% | −0.03pp |
| 13 | Blue Energy Commercial Vehicles | 5 | 0.4% | +400.0% | — | +0.40pp |
| 14 | Olectra Greentech | 5 | 0.4% | — | — | +0.40pp |
| 15 | Qucev Technologies | 3 | 0.2% | −66.7% | — | +0.24pp |
| All others (5 makers) | 10 | 0.8% |
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 September
The same table over 2025 to September, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors | 3,018 | 41.92% | −32.72pp | −19.6% |
| 2 | Mahindra Last Mile | 1,786 | 24.81% | +15.13pp | +266.7% |
| 3 | Switch Mobility | 608 | 8.45% | +4.79pp | +230.4% |
| 4 | Euler Motors | 391 | 5.43% | +5.37pp | +12933.3% |
| 5 | VECV (Eicher) | 375 | 5.21% | +3.88pp | +459.7% |
| 6 | Jaidka Power Systems | 264 | 3.67% | +3.67pp | — |
| 7 | Ipl Tech Electric | 144 | 2.00% | +0.77pp | +132.3% |
| 8 | Tivolt Electric Vehicles | 117 | 1.63% | +1.63pp | — |
| 9 | Mahindra | 82 | 1.14% | +0.76pp | +331.6% |
| 10 | Pinnacle Mobility Solutions | 67 | 0.93% | +0.27pp | +103.0% |
| 11 | Kinetic Green | 52 | 0.72% | +0.13pp | +73.3% |
| 12 | Ashok Leyland | 46 | 0.64% | +0.56pp | +1050.0% |
| 13 | Jupiter Electric Mobility | 34 | 0.47% | +0.47pp | — |
| 14 | Propel Industries | 33 | 0.46% | +0.46pp | — |
| 15 | Others | 30 | 0.42% | +0.28pp | +328.6% |
Frequently asked questions
How many electric goods vehicles were sold in India in September 2025?
Which company sold the most electric goods vehicles in September 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.
