Electric Three-Wheeler Sales May 2025: Bajaj Auto Leads With 36.3% Share
Every electric three-wheeler registered in India in May 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 May went
India registered 17,535 electric three-wheelers in May 2025, +74.7% on May 2024 and +12.1% on April.
Across the 5 completed months of 2025 to May, 79,805 electric three-wheelers have been registered, +47.1% 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, May 2025
Bajaj Auto led the month with 6,365 registrations — 36.3% of the electric three-wheeler market — ahead of Mahindra Last Mile on 6,010 (34.3%), a gap of 355 units. Bajaj Auto also led April.
Bajaj Auto has gained the most share against May 2024, +10.63pp to 36.3%; Piaggio has lost the most, −7.90pp to 5.9%.
The top three hold 79.8% of the segment; 77 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, May 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 | May 2025 | Share | MoM | YoY | Share vs May 2024 |
|---|---|---|---|---|---|---|
| 1 | Bajaj Auto | 6,365 | 36.3% | +13.8% | +147.0% | +10.63pp |
| 2 | Mahindra Last Mile | 6,010 | 34.3% | +18.3% | +72.3% | −0.47pp |
| 3 | TVS Motor | 1,612 | 9.2% | +32.8% | +9382.4% | +9.02pp |
| 4 | Piaggio | 1,042 | 5.9% | −9.0% | −25.0% | −7.90pp |
| 5 | Ti Clean Mobility | 496 | 2.8% | −0.6% | +52.1% | −0.42pp |
| 6 | Omega Seiki | 470 | 2.7% | −2.3% | +48.3% | −0.48pp |
| 7 | Euler Motors | 358 | 2.0% | −4.5% | +40.9% | −0.49pp |
| 8 | E Royce Motors India | 143 | 0.8% | −64.7% | — | +0.82pp |
| 9 | Atul Greentech | 130 | 0.7% | −3.0% | +441.7% | +0.50pp |
| 10 | Kinetic Green | 124 | 0.7% | +726.7% | +520.0% | +0.51pp |
| 11 | Atul Auto | 87 | 0.5% | −11.2% | −83.0% | −4.61pp |
| 12 | Raja Arts Hitech Engineering | 87 | 0.5% | +135.1% | — | +0.50pp |
| 13 | Thukral Electric Bikes | 72 | 0.4% | +1.4% | +700.0% | +0.32pp |
| 14 | Dilli Electric | 66 | 0.4% | −15.4% | −66.5% | −1.59pp |
| 15 | Zenmo | 46 | 0.3% | — | +39.4% | −0.07pp |
| All others (62 makers) | 427 | 2.4% |
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 May
The same table over 2025 to May, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 27,932 | 35.00% | −0.02pp | +47.0% |
| 2 | Bajaj Auto | 27,485 | 34.44% | +15.64pp | +169.6% |
| 3 | Piaggio | 6,485 | 8.13% | −9.69pp | −32.9% |
| 4 | TVS Motor | 4,001 | 5.01% | +4.84pp | +4111.6% |
| 5 | Omega Seiki | 3,190 | 4.00% | −2.94pp | −15.2% |
| 6 | Ti Clean Mobility | 2,623 | 3.29% | −0.56pp | +25.7% |
| 7 | Euler Motors | 1,732 | 2.17% | −1.07pp | −1.3% |
| 8 | E Royce Motors India | 806 | 1.01% | +0.58pp | +243.0% |
| 9 | Atul Greentech | 796 | 1.00% | +0.61pp | +275.5% |
| 10 | Atul Auto | 520 | 0.65% | −1.30pp | −50.8% |
| 11 | Dilli Electric | 418 | 0.52% | −0.92pp | −46.5% |
| 12 | Thukral Electric Bikes | 402 | 0.50% | +0.42pp | +793.3% |
| 13 | Kinetic Green | 312 | 0.39% | 0.00pp | +45.8% |
| 14 | Zenmo | 238 | 0.30% | +0.24pp | +621.2% |
| 15 | Raja Arts Hitech Engineering | 223 | 0.28% | +0.28pp | — |
Frequently asked questions
How many electric three-wheelers were sold in India in May 2025?
Which company sold the most electric three-wheelers in May 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.
