11 Jun 2025
Steady Growth Signals Strong EV Adoption in Commercial Segment
India’s electric commercial vehicle (ECV) market is showing encouraging momentum, according to the latest retail data released by the Federation of Automobile Dealers Associations (FADA) for May 2025. The report highlights significant year-over-year growth, showcasing rising interest in sustainable mobility solutions within the country’s transport sector.
In May 2025, a total of 1,019 electric commercial vehicles were sold, marking a 13.22% month-on-month (MoM) growth over April’s 900 units. More impressively, the market recorded an 84.36% year-on-year (YoY) increase compared to May 2024’s 553 units. Additionally, the market share of electric commercial vehicles rose to 1.35%, up from 1.06% in April 2025 and 0.70% in May 2024.
Key Highlights of May 2025 ECV Sales Performance
- Tata Motors led the market with 223 units sold, despite a 15.53% MoM and 10.1% YoY decline.
- Mahindra Group followed with 189 units, achieving a 13.86% MoM increase, and a massive 950% YoY jump, thanks to its Last Mile Mobility segment.
- PMI Electro Mobility sold 147 units, registering a 21.81% MoM drop, but an impressive 126.2% YoY growth.
- Switch Mobility emerged as a standout performer, with 125 units sold, reflecting a 257.14% MoM and 346.4% YoY increase.
- VE Commercial Vehicles posted 89.74% MoM growth, selling 74 units.
- Olectra Greentech also made notable gains, selling 60 units, up 140% MoM.
- Pinnacle Mobility Solutions reported 33 units, growing 230% MoM and YoY.
- Euler Motors saw a 15.79% MoM decline, while IPL Tech Electric grew by 19.05% MoM.
Market Momentum Driven by New Players and Diverse Portfolios
The surge in YoY sales suggests rising fleet-level adoption of electric vehicles across logistics, public transport, and goods carriage segments. Start-ups and emerging players like Switch Mobility, Pinnacle Mobility, and IPL Tech Electric are contributing significantly to this momentum with aggressive expansion strategies and product diversification.
This diversification is helping the sector move beyond just large fleet buyers, targeting small businesses and last-mile delivery operators as well.
Statements from Industry Experts
A senior FADA spokesperson commented on the growing demand, stating, “The electric commercial vehicle segment in India is transitioning from niche to necessity. As infrastructure and awareness improve, more buyers are willing to shift to ECVs for long-term operational savings and environmental benefits.”
Another analyst added, “The remarkable YoY growth posted by brands like Mahindra and Switch Mobility reflects both aggressive marketing and improved product readiness. It also indicates a healthy market response across both urban and rural use cases.”
Looking Ahead – Future Trends in ECV Market
The May 2025 sales report showcases a vibrant and rapidly evolving electric CV segment in India. With sustained government support, better battery tech, and wider charging infrastructure, stakeholders expect the ECV market share to cross 2% by early 2026.
As more OEMs invest in innovation and scalability, and adoption rises among small fleet owners, India’s commercial EV space is set to become a major pillar in the country’s clean mobility roadmap.
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