India's electric bus market sees growth from JBM Auto and Olectra

The Indian electric bus market is seeing significant growth and competition among key players. JBM Auto has established a leadership position, capturing a 33% market share in September 2026 with 274 registrations. During the first half of the 2026-27 fiscal year, the company registered 892 electric buses, representing approximately 24% of the total 3,771 registrations in the Indian market.

Olectra Greentech has also reached major milestones, becoming the first company in India to deploy 4,000 electric buses on national roads. The company reports that its vehicles have covered more than 750 million green kilometres across more than 55 cities. As the industry shifts from proving technology viability to scaling manufacturing and industrializing systems, companies are focusing on predictable supply chains and large-scale deployment to meet the country's growing demand for electric mobility.