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

Key Highlights:

• Tata Motors topped the electric bus sales in November 2024, selling 62 buses.
• Total electric bus sales dropped by 60%, from 398 in October to 161 in November 2024.
• Olectra Greentech and Aeroeagle Automobiles followed Tata Motors in sales.
• JBM Auto and Switch Mobility saw significant declines, with sales dropping by 72 and 18 units, respectively.
• Year-over-year sales also decreased, with 161 buses sold in November 2024 compared to 252 in November 2023.

Tata Motors, JBM Auto, Olectra Greentech, VECV, PMI Electro Mobility, and others have announced their sales figures for November 2024, revealing significant sales growth. 

In November 2024, the electric bus market saw a notable decline in sales, with a sharp drop of 60% compared to October 2024. The total number of electric buses sold fell from 398 in October to 161 in November 2024. 

Tata Motors emerged as the top performer in electric bus sales in November 2024, followed by Olectra Greentech and Aeroeagle Automobiles. Year-over-year sales have decreased, with 161 electric buses sold in November 2024 compared to 252 e-buses in November 2023. This indicates a year-over-year decrease in electric bus sales in India.

Electric Buses: OEM-wise Sales Analysis

In November 2024, the electric bus sales in India showcased diverse performances among OEMs (Original Equipment Manufacturers). Let’s explore the sales figures and market dynamics of the top players:

Tata Motors: Tata Motors sold 62 electric buses in November 2024, which is a decrease of 77 units compared to October, where they sold 139 buses.

Olectra Greentech: Olectra Greentech sold 43 buses in November 2024, showing a slight decline of 3 units from the 46 buses sold in October.

Aeroeagle Automobiles: Aeroeagle Automobiles saw a significant increase in sales, moving from 3 units sold in October to 22 units in November 2024, an increase of 19 units.

VE Commercial Vehicles: VE Commercial Vehicles made its entry into the market in November, selling 15 electric buses after not recording any sales in October.

JBM Auto: JBM Auto experienced a sharp decline in sales, selling only 10 buses in November compared to 82 buses in October, a decrease of 72 units.

Pinnacle Mobility: Pinnacle Mobility sold 6 electric buses in November, a significant drop from 22 units sold in October, showing a decrease of 16 units.

Switch Mobility: Switch Mobility sold just 2 electric buses in November, down from 20 units sold in October, reflecting a decline of 18 units.

PM Electro Mobility: PM Electro Mobility recorded the sale of only 1 bus in November, a huge drop from 86 units sold in October, a decrease of 85 units.

Total Market Sales: The total number of electric buses sold in November was 161, which is a 60% decrease from the 398 units sold in October.

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

CMV360 Says

The drop in electric bus sales in November 2024 is concerning, especially with such a sharp decline compared to October. It shows there might be some challenges in the market, like changes in demand or supply issues. While Tata Motors is still doing well, the major drop for other brands suggests that more work is needed to keep the momentum going. Manufacturers will need to find ways to fix these issues and build more confidence in the market.