Electric Three-Wheeler Sales December 2025: Bajaj Auto Leads With 31.9% Share
Every electric three-wheeler registered in India in December 2025, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How December went
India registered 23,621 electric three-wheelers in December 2025, +82.6% on December 2024 and −13.0% on November.
Across the 12 completed months of 2025 to December, 2,40,451 electric three-wheelers have been registered, +55.7% on the same months of 2024.
Monthly electric three-wheeler registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Three-Wheeler market share, December 2025
Bajaj Auto led the month with 7,530 registrations — 31.9% of the electric three-wheeler market — ahead of Mahindra Last Mile on 7,238 (30.6%), a gap of 292 units. That is a change at the top: Mahindra Last Mile led November.
TVS Motor has gained the most share against December 2024, +11.94pp to 12.7%; Mahindra Last Mile has lost the most, −5.83pp to 30.6%.
The top three hold 75.3% of the segment; 92 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, December 2025
Electric three-wheeler registrations only — every other vehicle type these companies make is excluded.
Share is of every electric three-wheeler registered in the month. MoM and YoY compare each maker's own volume; the last column is its change in share of the segment.
| # | Manufacturer | Dec 2025 | Share | MoM | YoY | Share vs Dec 2024 |
|---|---|---|---|---|---|---|
| 1 | Bajaj Auto | 7,530 | 31.9% | −15.5% | +76.1% | −1.18pp |
| 2 | Mahindra Last Mile | 7,238 | 30.6% | −26.6% | +53.4% | −5.83pp |
| 3 | TVS Motor | 3,009 | 12.7% | −0.7% | +2821.4% | +11.94pp |
| 4 | Piaggio | 1,345 | 5.7% | +0.7% | −4.1% | −5.15pp |
| 5 | Omega Seiki | 759 | 3.2% | +49.7% | +92.2% | +0.16pp |
| 6 | Ti Clean Mobility | 717 | 3.0% | +12.6% | +60.0% | −0.43pp |
| 7 | Saera Electric | 446 | 1.9% | +8.8% | +22200.0% | +1.87pp |
| 8 | Euler Motors | 416 | 1.8% | +10.3% | +67.7% | −0.16pp |
| 9 | Atul Auto | 295 | 1.2% | −23.0% | +186.4% | +0.45pp |
| 10 | YC Electric | 248 | 1.0% | +178.7% | +4860.0% | +1.01pp |
| 11 | Dilli Electric | 211 | 0.9% | +31.9% | +290.7% | +0.48pp |
| 12 | Atul Greentech | 148 | 0.6% | −29.2% | +11.3% | −0.40pp |
| 13 | Green Evolve | 126 | 0.5% | +10.5% | +530.0% | +0.38pp |
| 14 | J. S. Auto | 102 | 0.4% | −21.5% | +2450.0% | +0.40pp |
| 15 | 3EV Industries | 95 | 0.4% | — | — | +0.40pp |
| All others (77 makers) | 936 | 4.0% |
Exact: Vahan's maker x month table filtered to battery-electric fuels (PURE EV, ELECTRIC(BOV)) and the segment's vehicle classes — not a company total multiplied by anything.
Who is gaining
Monthly share of the electric three-wheeler market for the six largest makers this month, over the last 15 completed months.
Electric Three-Wheeler market share by month
Share of the segment each month, in per cent.
Market share, full year 2025
The same table over full year 2025, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 87,279 | 36.30% | +0.23pp | +56.7% |
| 2 | Bajaj Auto | 79,677 | 33.14% | +4.90pp | +82.7% |
| 3 | TVS Motor | 21,719 | 9.03% | +8.67pp | +3785.3% |
| 4 | Piaggio | 15,170 | 6.31% | −8.01pp | −31.4% |
| 5 | Omega Seiki | 6,779 | 2.82% | −1.71pp | −3.1% |
| 6 | Ti Clean Mobility | 6,766 | 2.81% | −1.08pp | +12.4% |
| 7 | Euler Motors | 4,153 | 1.73% | −0.68pp | +11.6% |
| 8 | E Royce Motors India | 1,966 | 0.82% | +0.30pp | +143.6% |
| 9 | Atul Auto | 1,847 | 0.77% | −0.50pp | −5.5% |
| 10 | Atul Greentech | 1,779 | 0.74% | +0.24pp | +129.5% |
| 11 | Saera Electric | 1,546 | 0.64% | +0.57pp | +1305.5% |
| 12 | Dilli Electric | 1,459 | 0.61% | −0.33pp | +0.7% |
| 13 | Thukral Electric Bikes | 914 | 0.38% | +0.16pp | +170.4% |
| 14 | Green Evolve | 708 | 0.29% | +0.13pp | +181.0% |
| 15 | Kinetic Green | 631 | 0.26% | +0.06pp | +97.8% |
Frequently asked questions
How many electric three-wheelers were sold in India in December 2025?
Which company sold the most electric three-wheelers in December 2025?
What is the electric three-wheeler market share of each brand?
How are these numbers measured?
Electric Three-Wheeler sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
