Electric Bus Sales in India in February 2025: A Detailed Market Analysis
The electric bus sales in India in February 2025 reached 307 units, marking a 15% decline compared to January’s 360 registrations.
Despite the dip, the total number of electric buses registered in India in the first two months of 2025 stands at 667 units, highlighting the sector’s gradual expansion.
Also Read: Indore to Get the Highest Number of Electric Buses Under PM e-Bus Seva Yojana
OEM-wise Electric Bus Sales in India in February 2025
Switch Mobility led the market in February with 88 registrations, followed by Olectra Greentech (66 units) and PMI Electro Mobility (57 units). While some manufacturers saw growth, others recorded a decline in sales.
| SI No. | Manufacturer | Feb 2025 Sales | Jan 2025 Sales | Difference | % Change | Market Share (%) |
|---|---|---|---|---|---|---|
| 1 | SWITCH MOBILITY | 88 | 125 | -37 | -29.6% | 28.7% |
| 2 | OLECTRA GREENTECH | 66 | 59 | 7 | 11.9% | 21.5% |
| 3 | PMI ELECTRO MOBILITY | 57 | 68 | -11 | -16.2% | 18.6% |
| 4 | TATA MOTORS | 42 | 23 | 19 | 82.6% | 13.7% |
| 5 | JBM AUTO | 36 | 48 | -12 | -25.0% | 11.7% |
| 6 | AEROEAGLE AUTOMOBILES | 12 | 23 | -11 | -47.8% | 3.9% |
| 7 | VEERA VIDYUTH VAHANA | 3 | 13 | -10 | -76.9% | 1.0% |
| 8 | PINNACLE MOBILITY | 2 | 1 | 1 | 100% | 0.7% |
| 9 | VEERA VAHANA UDYOG | 1 | 0 | 1 | – | 0.3% |
| Total | All Manufacturers | 307 | 360 | –53 | -15.0% | 100.0% |
Market Share of Electric Bus OEMS in February 2025
Key Takeaways from February 2025 Sales
- Switch Mobility remained the top seller, capturing 28.7% of the market despite a drop in sales.
- Olectra Greentech and Tata Motors were the only major manufacturers to record positive growth.
- Tata Motors saw the biggest increase in sales, jumping from 23 units in January to 42 in February (+82.6% growth).
- Veera Vidyuth Vahana experienced the steepest decline, dropping 76.9% compared to January.
Electric Bus Sales in India – January & February 2025 Combined
The total electric bus registrations for the first two months of 2025 stand at 667 units. Switch Mobility led the market with 213 units, followed by Olectra Greentech and PMI Electro Mobility, both recording 125 units.
Cumulative Electric Bus Sales in January & February 2025
| Manufacturer | Total Sales (Jan-Feb 2025) | Market Share (%) |
|---|---|---|
| SWITCH MOBILITY | 213 | 31.9% |
| OLECTRA GREENTECH | 125 | 18.7% |
| PMI ELECTRO MOBILITY | 125 | 18.7% |
| JBM AUTO | 84 | 12.6% |
| TATA MOTORS | 65 | 9.7% |
| AEROEAGLE AUTOMOBILES | 35 | 5.2% |
| VEERA VIDYUTH VAHANA | 16 | 2.4% |
| PINNACLE MOBILITY SOLUTIONS | 3 | 0.4% |
| VEERA VAHANA UDYOG | 1 | 0.1% |
| Total | 667 | 100% |
Market Trends & Observations
- Switch Mobility dominated with a 31.9% market share, maintaining its leadership position.
- Olectra Greentech and PMI Electro Mobility tied for second place, each securing 18.7%.
- Tata Motors increased its market presence, reaching 9.7% of total sales.
- Smaller manufacturers contributed minimally, with some registering as low as 1 unit.
Electric Bus Market Trends in India
Market Share in the Heavy Passenger Vehicle (HPV) Segment
In 2024, electric buses accounted for 12.5% of the heavy passenger vehicle (HPV) segment (buses over 5 tons GVW) and 6.2% of the total bus market.
Tata Motors’ Leadership in 2024
Tata Motors dominated the HPV electric bus market last year with 1,431 registrations, capturing 40% market share.
Growth Potential
Government policies like PM e-Bus Sewa Scheme-2 are expected to accelerate electric bus adoption, with JBM Auto receiving a 1,000-unit order under the program.
Also Read: Switch Mobility Rolls Out 1000 Electric Buses, CEO Mahesh Babu Says ‘The Road Ahead is Electric
Despite a 15% decline in sales in February 2025, electric buses in India continue to gain momentum.
With strong government backing and increasing fleet electrification efforts, the market is poised for steady growth in the coming months.
