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New DelhiIndia's electric bus sales dropped 25.1% in July 2026. Olectra Greentech led the market, followed by JBM Electric Vehicles and PMI Electro Mobility, according to Vahan data.
By Robin Kumar Attri
Total electric bus registrations fell 25.1% to 548 units in July 2026.
Olectra Greentech led the market with 132 registrations and 24.1% market share.
JBM Electric Vehicles and PMI Electro Mobility jointly secured second position with 118 units each.
Aeroeagle Automobiles recorded the highest growth at 118.2%.
Switch Mobility and Tata Motors witnessed the sharpest month-on-month declines.
India's electric bus market witnessed a slowdown in July 2026, with total registrations falling to 548 units, compared to 732 units in June 2026, marking a 25.1% month-on-month (MoM) decline. Despite the overall dip, Olectra Greentech retained the top position, while JBM Electric Vehicles and PMI Electro Mobility jointly secured the second spot in terms of registrations.
According to Vahan Dashboard (PAN India Data) as of August 2, 2026, several OEMs experienced lower registrations during the month, although a few manufacturers recorded notable growth.
Rank | OEM | Jul-26 | Jun-26 | Difference | % Change | Market Share |
1 | Olectra Greentech | 132 | 127 | +5 | +3.9% | 24.1% |
2 | JBM Electric Vehicles | 118 | 118 | 0 | 0% | 21.5% |
3 | PMI Electro Mobility | 118 | 176 | -58 | -33.0% | 21.5% |
4 | Switch Mobility | 53 | 175 | -122 | -69.7% | 9.7% |
5 | Pinnacle Mobility | 52 | 52 | 0 | 0% | 9.5% |
6 | VE Commercial Vehicles | 41 | 42 | -1 | -2.4% | 7.5% |
7 | Aeroeagle Automobiles | 24 | 11 | +13 | +118.2% | 4.4% |
8 | Tata Motors | 5 | 21 | -16 | -76.2% | 0.9% |
9 | Others | 5 | 10 | -5 | -50.0% | 0.9% |
Total | Industry | 548 | 732 | -184 | -25.1% | 100% |
Source: Vahan Dashboard (PAN India Data), as of August 2, 2026.
A total of 548 electric buses were registered across India during July 2026, down by 184 units from the 732 buses registered in June 2026. The decline reflects slower fleet additions during the month, although demand continues to remain concentrated among leading OEMs.
Olectra Greentech remained India's largest electric bus manufacturer in July 2026 with 132 bus registrations, improving from 127 units in June. The company registered a 3.9% monthly growth and captured the highest market share of 24.1%.
The consistent performance helped Olectra strengthen its leadership despite the overall market slowdown.
JBM Electric Vehicles recorded 118 electric bus registrations, exactly the same as in June 2026. With no month-on-month change, the company maintained a solid 21.5% market share, jointly ranking second in the industry.
Its stable performance highlights steady execution in an otherwise declining market.
PMI Electro Mobility reported 118 registrations in July 2026, compared to 176 units in June. The company saw a decline of 58 buses, translating into a 33% drop month-on-month.
Even after the decline, PMI retained a 21.5% market share, sharing the second position with JBM Electric Vehicles.
Switch Mobility experienced one of the steepest declines during the month. The company registered 53 electric buses, down from 175 units in June 2026.
This represents a fall of 122 buses or 69.7%, reducing its market share to 9.7%.
Pinnacle Mobility reported 52 registrations in July, maintaining the same sales level as June 2026.
The company secured a 9.5% market share, reflecting stable demand despite the broader market decline.
VE Commercial Vehicles registered 41 electric buses, marginally lower than 42 units in June.
The company witnessed a 2.4% decline, while holding a 7.5% share of the July market.
Among all manufacturers, Aeroeagle Automobiles emerged as the fastest-growing OEM.
The company registered 24 buses, more than doubling its June sales of 11 units. This represents an impressive 118.2% growth, giving it a 4.4% market share.
Tata Motors recorded only 5 electric bus registrations in July 2026, compared to 21 units in June.
The decline of 76.2% reduced its market share to 0.9% during the month.
The electric bus industry experienced a softer month in July 2026, primarily due to lower registrations from several major OEMs. However, market leadership remained concentrated among Olectra Greentech, JBM Electric Vehicles, and PMI Electro Mobility, which together accounted for over 67% of total registrations. While overall registrations declined, strong growth from Aeroeagle Automobiles and stable performance from a few manufacturers indicate that competition in India's electric bus segment continues to evolve as fleet procurement cycles progress.
India's electric bus market witnessed a temporary slowdown in July 2026, with registrations declining by 25.1% compared to June. Despite the overall drop, Olectra Greentech strengthened its leadership, while JBM Electric Vehicles and PMI Electro Mobility remained key players. The market continues to be driven by government-backed fleet procurement and public transport electrification initiatives, indicating that demand for electric buses is expected to remain strong over the long term.
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