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Electric bus penetration rises to 4.5% in FY26

Financial Express Lucknow

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February 20, 2026

GOING GREEN

- NITIN KUMAR

THE ELECTRIFICATION OF India’s public bus fleet is gaining traction with electric buses accounting for 4.5% of total bus salesin FY26 so far,up from 3.5% in FY25, as central and state tenders begin translating into large-scale deployment.

Of the 91,574buses sold in FY26 till February 16, 4,158 were electric, according to Vahan data.This compares with 3,317 electric buses out of 95,641 units soldin FY25,indicating a steady rise in penetration even as overall volumes remain largely stable.

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