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

Key Highlights:

• Tata Motors led the market with 178 bus sales and a 45.9% share.
• Olectra Greentech saw 18% growth, selling 105 buses.
• PMI Electro Mobility had the highest growth rate of 208%, with 74 buses sold.
• Switch Mobility re-entered the market with 20 buses sold.
• Pinnacle Mobility saw a 20% drop in sales.

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

According to data from the Vahan portal, 388 electric buses were sold in September 2024, compared to 243 units sold in August 2024. This represents a significant increase in sales by 145 units.

Tata Motors emerged as the top performer in electric bus sales in September 2024, followed by Olectra Greentech and PMI electro mobiltiy. If we look at year-over-year sales, there has been a increase in sales, with 388 electric buses sold in September 2024 compared to 254 e-buses in September 2023. This indicates a year-over-year increase in electric bus sales in India.

Electric Buses: OEM-wise Sales Analysis

Let’s explore the sales figures and market dynamics of the top players:

TATA MOTORS LTD: Tata Motors continues to lead the market with 178 buses sold in September 2024, up from 115 in August 2024, marking a 54.8% increase and capturing 45.9% of the market share.

Olectra Greentech: Sold 105 buses in September 2024, a rise of 18% from August, with a 27.1% market share.

PMI Electro Mobility Sold 74 buses in September 2024, compared to 24 buses sold in August 2024, a massive 208% increase in sales. The brand holds 19% of the market.

Switch Mobility: Entered the market with 20 buses sold in September, after no sales in August, taking a 5% market share.

Pinnacle Mobility: Sold 8 buses in September 2024, down from 10 in August 2024, showing a 20% decline and 2.1% share.

JBM Auto: Remained stable with 3 buses sold in both August and September, holding 1% market share.

Causis E-Mobility: No sales were reported in either August or September.

Mytrah Mobility: No sales were reported in either August or September 2024.

Others: Sold 0 buses in September, down from 2 sold in August, with a 100% decline.

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

CMV360 Says

The increase in electric bus sales shows that more cities in India are moving towards cleaner public transport. Tata Motors is still leading, but PMI Electro Mobility's big jump in sales shows growing competition. 

With more companies like Switch Mobility entering the market, the shift to electric buses is becoming stronger. Brands like Pinnacle Mobility, which saw a drop in sales, may need to rethink their approach to stay competitive in this growing market.