Electric Buses Sales Report January 2025: Switch Mobility Emerges as Top Choice for E-Buses

Key Highlights:

• The electric bus market grew to 360 units in January 2025 from 176 in December 2024.
• Switch Mobility lead the electric buses sales in India with 125 sales, followed by PMI Electro Mobility and Olectra Greentech.
• JBM Auto saw the highest growth, selling 48 units, an 860% rise from December 2024.
• Tata Motors, Veera Vidyuth Vahana, and AeroEagle grew, while Pinnacle Mobility declined.
• Year-over-year sales dropped from 506 in January 2024 to 360 in January 2025.

Tata Motors, JBM Auto, Olectra Greentech, Switch Mobility, PMI Electro Mobility, and others have announced their sales figures for January 2025, revealing significant sales growth. 

In January 2025, the electric bus market saw a notable growth in sales. The total number of electric buses sold was 360 units in January 2025, compared to 176 units in December 2024. 

Switch Mobility emerged as the top performer in electric bus sales in January 2025, followed by PMI Electro Mobility and Olectra Greentech. Year-over-year sales have declined, with 360 electric buses sold in January 2025 compared to 506 e-buses in January 2024. 

Electric Buses Sales Report: OEM-wise Sales Analysis

In January 2025, the electric bus market saw a strong 103.4% growth, with total sales reaching 360 units, compared to 176 units in December 2024. Several brands recorded impressive growth, while a few experienced a decline. Let’s explore the sales figures and market dynamics of the top players:

Switch Mobility led the market with 125 units sold in January 2025, a significant increase from 30 units in December 2024, marking a 316.7% growth. The company hold the highest market share of 34.7%.

PMI Electro Mobility followed with 68 units sold in January 2025, up from 30 units in December 2024, achieving a 126.7% growth and securing an 18.9% market share.

Olectra Greentech recorded 59 units in January 2025, compared to 52 units in December 2024, with a 13.5% increase, holding a 16% market share.

JBM Auto saw the highest growth percentage among all brands, selling 48 units in January 2025, compared to just 5 units in December 2024, reflecting a massive 860% growth. The company's market share stood at 13%.

AeroEagle Automobiles also grew, with 23 units sold in January 2025, an increase from 12 units in December 2024, showing a 91.7% growth and securing a 6.4% market share.

Tata Motors sold 23 units in January 2025, slightly higher than the 20 units in December 2024, showing a 15% increase and holding a 6% market share.

Veera Vidyuth Vahana sold 13 units in January 2025, up from 8 units in December 2024, marking a 62.5% growth with a 4% market share.

On the other hand, Pinnacle Mobility solutions saw a decline, selling only 1 unit in January 2025, down from 7 units in December 2024, reflecting an 85.7% decrease and 0% market share.

Similarly, other brands that collectively sold 13 units in December 2024 had 0 sales in January 2025, marking a 100% decline.

Overall, the electric bus market saw strong growth in January 2025, with major players like Switch Mobility, JBM Auto, and PMI Electro Mobility leading the surge, while Pinnacle Mobility and other smaller brands faced setbacks. 

Also Read: Electric Buses Sales Report November 2024: Tata Motors Emerges as Top Choice for E-Buses

CMV360 Says

The sales of electric buses in January 2025 show good growth compared to December 2024. As electric buses sales increased, it indicates growing consumer trust in electric vehicles. Switch Mobility and PMI Electro Mobility did well, but some brands like Pinnacle Mobility saw fewer sales. Even though sales are growing monthly, they are lower than last year. This shows that the market is improving, but there is still work to do. The increasing sales indicate a growing demand for electric buses in the market.