Bus

Indian Bus Market in H1 FY 2026

Indian Bus Market sales increased 7.7% in Q1 FY 2026 compared to Q1 FY 2025. Indian Bus Production and exports also increased 25.6% and 36.5% in the first quarter of the financial year 2026, respectively.

In Q2 FY 2026, Bus sales grew by 0.7%. Bus Production and Export registered double-digit growth of 10% and 56%.

In H1 FY 2026, Bus sales grew 4.8% due to increased demand in India. The export of buses outperformed, rising by 19%, and Production by 47% compared to H1 FY 2025.

Brand-wise Indian Bus Market Share H1 FY 2026:

Tata Motors leads the Bus market but faces tough competition from Force and Tata Motors in the light-duty and Heavy-Duty bus segments.

In the Light Duty bus segment, Force Motors held more than half the market share in H1 FY 2026, driven by its leading model, Traveller. The second largest player, Tata Motors, lost 2%, and SML Isuzu lost 1% in the first half of the current financial year.

In the medium- and heavy-duty bus segment, Ashok Leyland and Tata Motors have 33% and 31% market shares, respectively. Eicher is the third-largest brand with a 23% market share.

In the overall Bus segment, Mahindra sales declined by 7%, and Olectra Electric Bus sales dropped by 96% in H1 FY 2026 compared to H1 FY 2025. PMI and Pinnacle sales grew by 422% and 143% respectively, because of large bus orders in the first two quarters of FY 2026.

Switch Mobility Electric buses received multiple large Electric Bus orders, and its sales grew by 1119%.

10 SWITCH EiV12 electric buses delivered to Mauritius out of 100 bus orders. The company has also supplied the Delhi government with features such as CCTV, a Panic Button, and a CCS2 charging interface. These low-floor electric buses are suitable for a range of 314 km on a full charge for Short and Medium distances. Eco-Friendly SWITCH EiV22 double-decker buses are deployed on some notable routes for intra-city travel in urban areas, such as Gift City, Gandhinagar.

PMI, another electric bus manufacturer, received an order from BEST in Mumbai for 250 12M electric buses.

Under the Smart City Initiative, Olectra Greentech delivered 25 electric buses to Puducherry Road Transport Corporation (PRTC).

CESL will invite participants to a mega tender for 10,900 electric buses for five major cities on November 6, 2025. Under the PM E-DRIVE scheme, the tender will invite 4500 electric buses for Bangalore, New Delhi, 2800, Ahmedabad, 1000, Hyderabad, 2000, and Surat, 600, electric ebuses, respectively.