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Key Highlights:
Tata Motors, JBM Auto,Olectra Greentech, Switch Mobility, PMI Electro Mobility, and others have announced their sales figures for February 2025. Switch Mobility emerged as the top performer in electric bus sales in February 2025, followed by Olectra Greentech and PMI Electro Mobility.
In February 2025, the electric bus market saw a decline in sales. The total number of electric buses sold was 307 units in February 2025, compared to 360 in January 2025. Year-over-year sales have decreased, with 307 electric buses sold in February 2025 compared to 322 e-buses sold in February 2024.
Electric Buses Sales Report February 2025: OEM-wise Sales Analysis
Several brands recorded normal growth, while a few experienced a decline. Let’s explore the sales figures and market dynamics of the top players:
Switch Mobility: In February 2025, Switch Mobility sold 88 units, down from 125 in January 2025, resulting in a 29.6% decrease. Despite the drop, it still holds a significant market share of 28.7%.
Olectra Greentech: Olectra Greentech saw a positive growth of 11.9%, with 66 units sold in February 2025 compared to 59 in January 2025. Its market share stands at 21.5%.
PMI Electro Mobility: PMI Electro Mobility experienced a decrease of 16.2%, selling 57 units in February 2025, down from 68 in January 2025. Its market share is 18.6%.
Tata Motors: Tata Motors had a strong performance in February, selling 42 units, up from just 23 in January, marking an 82.6% increase. The market share for Tata Motors stands at 13.7%.
JBM Auto: JBM Auto saw a drop of 25%, with 36 units sold in February compared to 48 units in January. It holds a market share of 11.7%.
Aeroeagle Automobiles: Aeroeagle Automobiles experienced a decline of 47.8%, with only 12 units sold in February, down from 23 in January. Its market share is 3.9%.
Veera Vidyuth Vahana: Veera Vidyuth Vahana faced a significant drop of 76.9%, selling only 3 units in February compared to 13 in January 2025. Its market share is 1%.
Pinnacle Mobility: Pinnacle Mobility performed well, with a 100% increase, selling 2 units in February, up from 1 in January. Its market share stands at 0.7%.
Veera Vahana Udyog: Veera Vahana Udyog made a positive start, selling 1 unit in February, compared to none in January. It has a small market share of 0.3%.
Overall, the total sales for all brands in February 2025 were 307 units, down by 53 units or 15% compared to January 2025, with the total market share remaining at 100%.
Also Read: Electric Buses Sales Report January 2025: Switch Mobility Emerges as Top Choice for E-Buses
CMV360 Says
The decline in electric bus sales for February 2025 shows that the market is facing some challenges. However, brands like Tata Motors and Olectra Greentech are still showing growth, which indicates a positive trend for some players. Overall, while the market is down compared to last year, there’s still potential for recovery and growth in the electric vehicle sector.
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