India witnessed a 7% decrease in electric vehicle (EV) bus registrations in May 2026. The decline is attributed to challenges such as shortages in depot infrastructure, delays in charging facilities, and bottlenecks in financing. Despite the overall slowdown, JBM Auto emerged as a dominant player, capturing nearly 50% of the EV bus market share. These factors have collectively slowed the deployment of EV buses across the country, indicating the need for improved infrastructure and financial support to sustain growth in the sector. Depot infrastructure shortages, charging delays and financing bottlenecks slow down deployment. The update was published on 4 Jun 2026, 10:31 am.
India's ev bus registrations decline 7% in may with JBM Auto leading market share
by Riddra Markets Desk · 4 June 2026
Updated 4 Jun 2026, 5:07 am

Infrastructure and financing challenges are slowing India's EV bus market growth.