India’s electric three-wheeler (E3W) segment closed calendar year 2025 on a strong note, recording total retail sales of 7,97,733 units, up from 6,91,313 units in CY 2024, translating into a 15.39% year-on-year growth. The data highlights steady adoption of electric mobility in the last-mile transport space, driven largely by fleet operators, government incentives, and improving charging infrastructure across urban and semi-urban markets.
Electric 3W Sales CY 2025
Leading the market in CY 2025 was Mahindra, which sold 95,874 electric three-wheelers, registering a 40.94% YoY growth over 2024. Close behind was Bajaj, delivering a standout performance with 78,546 units, almost doubling its volumes with a sharp 87.35% YoY growth, making it one of the fastest-growing OEMs in the E3W space.
Among legacy electric three-wheeler specialists, YC Electric reported 41,228 units, marginally lower than last year with a 6.24% decline, while Saera Electric sold 24,803 units, down 12.33% YoY. Dilli Electric also saw a moderation in demand, posting 21,915 units, a 12.49% drop compared to CY 2024.
One of the most notable stories of 2025 was TVS, which recorded a massive jump to 21,006 units, compared to just 559 units in 2024, reflecting exponential growth as the company scales up its electric three-wheeler operations. On the other hand, Piaggio experienced a decline, with sales falling 31.89% YoY to 14,832 units, indicating increased competitive pressure in the segment.
| No | Electric 3W Sales | CY 25 | CY 24 |
|---|---|---|---|
| 1 | Mahindra | 95,874 | 68,023 |
| 2 | Bajaj | 78,546 | 41,924 |
| 3 | YC Electric | 41,228 | 43,974 |
| 4 | Saera Electric | 24,803 | 28,292 |
| 5 | Dilli Electric | 21,915 | 25,042 |
| 6 | TVS | 21,006 | 559 |
| 7 | Piaggio | 14,832 | 21,775 |
| 8 | Zeniak Innovation | 13,398 | 6,544 |
| 9 | Mini Metro EV | 13,062 | 14,758 |
| 10 | Energy EV | 12,796 | 13,386 |
| 11 | JS Auto | 12,004 | 10,938 |
| 12 | Sahnianand Vehicles | 11,413 | 10,100 |
| 13 | Unique International EV | 11,238 | 13,705 |
| 14 | Terra Motors | 10,535 | 8,766 |
| 15 | SKS Trade | 9,852 | 10,967 |
| 16 | Hotage India | 9,437 | 12,491 |
| 17 | Others | 3,95,794 | 3,60,069 |
| – | Total | 7,97,733 | 6,91,313 |
Mid-Sized Players and Emerging Brands Gain Ground
Mid-sized players delivered mixed results during the year. Zeniak Innovation more than doubled its volumes with 13,398 units, while Terra Motors posted a healthy 20.18% YoY growth with 10,535 units. Brands like JS Auto and Sahnianand Vehicles also ended the year with positive growth, reflecting steady demand in regional markets.
The ‘Others’ category remained a significant contributor, accounting for 3,95,794 units, up 9.92% YoY, underlining the fragmented nature of the electric three-wheeler market and the presence of numerous regional and small-scale manufacturers. Overall, the CY 2025 performance reinforces the role of electric three-wheelers as the backbone of India’s EV adoption story, especially in commercial mobility, with growth expected to continue as costs reduce and policy support remains strong.
Disclaimer: Retail sales data sourced from FADA Research. Figures do not include Telangana state. Vehicle retail data has been collated as on 03.01.26 in collaboration with MoRTH, Government of India, and gathered from 1,401 out of 1,459 RTOs.
