Dealers & Services
More
According to data released by the Federation of Automobile Dealers Associations (FADA), electric commercial vehicle (CV) retail sales stood at 4,942 units in October 2026. This marks a 162.3% year-on-year (YoY) growth compared with 1,884 units sold in October 2025. Electric CV retail sales also grew 18.00% month-on-month (MoM) from 4,188 units in September 2026.
The electric commercial vehicle segment accounted for 4.29% of the overall CV market in October 2026, compared with 4.04% in September 2026 and 1.67% in October 2025.
In October 2026, Tata Motors led electric commercial vehicle retail sales with 1,740 units, followed by Euler Motors with 1,272 units and Mahindra Group with 538 units.
Euler Motors recorded the highest YoY growth among the leading electric CV OEMs, with sales increasing 725.97% YoY from 154 units in October 2025. Sany Heavy Industry India reported a 950% YoY increase, while Pinnacle Mobility Solutions and JBM Auto recorded YoY growth of 593.33% and 477.14%, respectively. At the same time, several OEMs reported a decline in monthly sales compared with September 2026. VE Commercial Vehicles recorded a 50.34% MoM decline, while Tivolt Electric Vehicles and JBM Auto reported MoM declines of 27.46% and 26.28%, respectively.
Tata Motors maintained its lead in electric commercial vehicle retail sales with 1,740 units in October 2026. Sales increased 36.47% MoM from 1,275 units in September 2026 and 182.01% YoY from 617 units in October 2025.
Euler Motors recorded 1,272 units, making it the second-highest-selling electric CV OEM in October 2026. Sales increased 19.55% MoM from 1,064 units in September 2026 and surged 725.97% YoY from 154 units in October 2025.
Mahindra Group recorded 538 units in October 2026, up 15.95% MoM from 464 units in September 2026 and 68.13% YoY from 320 units in October 2025.
The group’s electric CV retail sales were reported under the following categories:
Switch Mobility reported 236 units in October 2026. Sales declined 9.58% MoM from 261 units in September 2026 but increased 46.58% YoY from 161 units in October 2025.
Olectra Greentech reported 202 units in October 2026, up 56.59% MoM from 129 units in September 2026. Sales also increased 19.53% YoY compared with 169 units in October 2025.
JBM Auto recorded 202 units in October 2026, down 26.28% MoM from 274 units in September 2026. Despite the monthly decline, sales increased 477.14% YoY compared with 35 units in October 2025.
PMI Electro Mobility Solutions recorded 130 units in October 2026, down 7.80% MoM from 141 units in September 2026. Sales were up 21.50% YoY from 107 units in October 2025.
Pinnacle Mobility Solutions recorded 104 units, up 92.59% MoM from 54 units in September 2026. Sales also increased 593.33% YoY from 15 units in October 2025.
Tivolt Electric Vehicles reported 103 units in October 2026, down 27.46% MoM from 142 units in September 2026. Its sales increased 119.15% YoY from 47 units in October 2025.
VE Commercial Vehicles recorded 74 units in October 2026, registering a 50.34% MoM decline from 149 units in September 2026. Sales increased 10.45% YoY compared with 67 units in October 2025.
Sany Heavy Industry India recorded 63 units in October 2026, up 65.79% MoM from 38 units in September 2026. Sales increased 950% YoY from six units in October 2025.
Energy In Motion reported 51 units in October 2026, registering the highest MoM growth among the listed OEMs at 183.33%. Sales increased from 18 units in September 2026 but were down 16.39% YoY from 61 units in October 2025.
The Others category recorded 227 units in October 2026, up 26.82% MoM from 179 units in September 2026. Sales increased 81.6% YoY compared with 125 units in October 2025.
The electric commercial vehicle segment’s share of the overall CV market stood at 4.29% in October 2026. This was higher than the 4.04% recorded in September 2026 and significantly higher than the 1.67% recorded in October 2025. The year-on-year increase indicates that electric commercial vehicles accounted for a larger portion of overall CV retail sales in October 2026 compared with the same month last year.
|
Month |
Electric CV Market Share |
|
October 2026 |
4.29% |
|
September 2026 |
4.04% |
|
October 2025 |
1.67% |
Electric commercial vehicle retail sales reached 4,942 units in October 2026, registering 162.3% YoY growth along with an 18.00% MoM increase. Tata Motors continued to lead the segment, while Euler Motors recorded a sharp increase in both monthly and yearly sales. The electric CV segment’s market share also increased from 1.67% in October 2025 to 4.29% in October 2026, indicating a larger contribution from electric vehicles to overall commercial vehicle retail sales.
