Electric Three-Wheeler Sales January 2025: Mahindra Last Mile Leads With 35.0% Share
Every electric three-wheeler registered in India in January 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 January went
India registered 15,615 electric three-wheelers in January 2025, +66.9% on January 2024 and +20.7% on December 2024.
Across the 1 completed month of 2025 to January, 15,615 electric three-wheelers have been registered, +66.9% 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, January 2025
Mahindra Last Mile led the month with 5,467 registrations — 35.0% of the electric three-wheeler market — ahead of Bajaj Auto on 5,448 (34.9%), a gap of 19 units. Mahindra Last Mile also led December.
Bajaj Auto has gained the most share against January 2024, +17.94pp to 34.9%; Piaggio has lost the most, −12.43pp to 10.6%.
The top three hold 80.5% of the segment; 87 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, January 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 | Jan 2025 | Share | MoM | YoY | Share vs Jan 2024 |
|---|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 5,467 | 35.0% | +15.9% | +68.8% | +0.41pp |
| 2 | Bajaj Auto | 5,448 | 34.9% | +27.4% | +243.5% | +17.94pp |
| 3 | Piaggio | 1,659 | 10.6% | +18.2% | −23.1% | −12.43pp |
| 4 | Omega Seiki | 611 | 3.9% | +54.7% | +54.3% | −0.32pp |
| 5 | Ti Clean Mobility | 559 | 3.6% | +24.8% | +53.2% | −0.32pp |
| 6 | Euler Motors | 337 | 2.2% | +35.9% | +1.2% | −1.40pp |
| 7 | Atul Greentech | 154 | 1.0% | +15.8% | +541.7% | +0.73pp |
| 8 | TVS Motor | 133 | 0.9% | +29.1% | +411.5% | +0.57pp |
| 9 | 3EV Industries | 130 | 0.8% | — | +165.3% | +0.31pp |
| 10 | E Royce Motors India | 127 | 0.8% | −60.6% | +2440.0% | +0.76pp |
| 11 | Atul Auto | 109 | 0.7% | +5.8% | +6.9% | −0.39pp |
| 12 | Dilli Electric | 103 | 0.7% | +90.7% | +77.6% | +0.04pp |
| 13 | Ravi Metal Works | 101 | 0.6% | −10.6% | — | +0.65pp |
| 14 | Thukral Electric Bikes | 96 | 0.6% | +26.3% | +966.7% | +0.52pp |
| 15 | Raja Arts Hitech Engineering | 61 | 0.4% | — | — | +0.39pp |
| All others (72 makers) | 520 | 3.3% |
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, 2025 to January
The same table over 2025 to January, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 5,467 | 35.01% | +0.41pp | +68.8% |
| 2 | Bajaj Auto | 5,448 | 34.89% | +17.94pp | +243.5% |
| 3 | Piaggio | 1,659 | 10.62% | −12.43pp | −23.1% |
| 4 | Omega Seiki | 611 | 3.91% | −0.32pp | +54.3% |
| 5 | Ti Clean Mobility | 559 | 3.58% | −0.32pp | +53.2% |
| 6 | Euler Motors | 337 | 2.16% | −1.40pp | +1.2% |
| 7 | Atul Greentech | 154 | 0.99% | +0.73pp | +541.7% |
| 8 | TVS Motor | 133 | 0.85% | +0.57pp | +411.5% |
| 9 | 3EV Industries | 130 | 0.83% | +0.31pp | +165.3% |
| 10 | E Royce Motors India | 127 | 0.81% | +0.76pp | +2440.0% |
| 11 | Atul Auto | 109 | 0.70% | −0.39pp | +6.9% |
| 12 | Dilli Electric | 103 | 0.66% | +0.04pp | +77.6% |
| 13 | Ravi Metal Works | 101 | 0.65% | +0.65pp | — |
| 14 | Thukral Electric Bikes | 96 | 0.61% | +0.52pp | +966.7% |
| 15 | Raja Arts Hitech Engineering | 61 | 0.39% | +0.39pp | — |
Frequently asked questions
How many electric three-wheelers were sold in India in January 2025?
Which company sold the most electric three-wheelers in January 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.
