Electric Bus Maker Posts Five-Fold Sales Growth FY26

 A leading electric bus manufacturer has reported a five-fold increase in sales for the financial year 2025-26, dispatching 1,143 units out of 1,344 produced. The surge highlights growing demand for electric mobility solutions in India, driven by buses, small commercial vehicles, and a new entry into medium and heavy commercial trucks. Alongside domestic expansion, the company has initiated international deployments, including Africa, with plans to manufacture electric buses in Australia.

Growth Across Electric Mobility Segments

The company’s growth strategy spanned multiple segments:

• Electric Buses: Remained a key contributor, supported by deployments under government-backed programs across multiple states.
• Small Commercial Vehicles (SCVs): Experienced strong adoption for last-mile and intra-city mobility solutions.
• Medium & Heavy Commercial Vehicles (M&HCV Trucks): Entry into this segment opened a new avenue for growth during FY26.

This multi-segment approach enabled the company to address diverse transportation needs while capturing increased market share in electric mobility.

Manufacturing Expansion and Increased Capacity

To meet rising demand, the company expanded its manufacturing footprint, operating two facilities in Pune with a third plant in Pithampur, Madhya Pradesh nearing completion. Planned annual capacity now stands at 10,000 buses, 6,000 trucks, and 24,000 SCVs. Founder and Chairman Sudhir Mehta emphasized that scaling production alongside new manufacturing capabilities allows the company to serve both domestic and international markets effectively.

International Deployments and Future Plans

The company has begun deploying electric buses in African markets, signing agreements for assembly and distribution. Plans are also underway to manufacture electric buses in Australia, marking initial steps in global expansion. These initiatives align with the broader industry shift toward electrification of commercial vehicles, ensuring the company meets rising demand worldwide.

Conclusion

FY26 marked a landmark year for the electric bus manufacturer, with five-fold sales growth, expanded production capacity, and strategic international initiatives. The company is now well-positioned to capitalize on the accelerating global transition to electric commercial vehicles, offering solutions across buses, trucks, and small commercial vehicles.