Electric Three-Wheeler Sales November 2024: Mahindra Last Mile Leads With 35.4% Share
Every electric three-wheeler registered in India in November 2024, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How November went
India registered 17,905 electric three-wheelers in November 2024, +94.7% on November 2023 and +2.1% on October.
Across the 11 completed months of 2024 to November, 1,41,502 electric three-wheelers have been registered, +108.0% on the same months of 2023.
Monthly electric three-wheeler registrations, 2023–2026
One line per calendar year. The dashed end of the current year is the month so far.
Electric Three-Wheeler market share, November 2024
Mahindra Last Mile led the month with 6,332 registrations — 35.4% of the electric three-wheeler market — ahead of Bajaj Auto on 6,254 (34.9%), a gap of 78 units. Mahindra Last Mile also led October.
Bajaj Auto has gained the most share against November 2023, +21.49pp to 34.9%; Piaggio has lost the most, −10.73pp to 14.0%.
The top three hold 84.3% of the segment; 89 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, November 2024
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 | Nov 2024 | Share | MoM | YoY | Share vs Nov 2023 |
|---|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 6,332 | 35.4% | −3.0% | +109.4% | +2.48pp |
| 2 | Bajaj Auto | 6,254 | 34.9% | −2.3% | +406.0% | +21.49pp |
| 3 | Piaggio | 2,505 | 14.0% | +28.1% | +10.2% | −10.73pp |
| 4 | Ti Clean Mobility | 702 | 3.9% | +11.1% | +156.2% | +0.94pp |
| 5 | Omega Seiki | 475 | 2.7% | +2.8% | +87.7% | −0.10pp |
| 6 | Euler Motors | 313 | 1.7% | −28.0% | +7.9% | −1.41pp |
| 7 | E Royce Motors India | 126 | 0.7% | — | — | +0.68pp |
| 8 | Atul Greentech | 119 | 0.7% | +38.4% | +296.7% | +0.34pp |
| 9 | Atul Auto | 115 | 0.6% | −19.0% | +5.5% | −0.54pp |
| 10 | Dilli Electric | 114 | 0.6% | +0.9% | +338.5% | +0.35pp |
| 11 | TVS Motor | 100 | 0.6% | +37.0% | +132.6% | +0.09pp |
| 12 | Thukral Electric Bikes | 83 | 0.5% | +69.4% | +538.5% | +0.32pp |
| 13 | Mlr Auto | 55 | 0.3% | +17.0% | +511.1% | +0.21pp |
| 14 | Raja Arts Hitech Engineering | 43 | 0.2% | — | — | +0.24pp |
| 15 | Mahindra | 38 | 0.2% | +52.0% | −94.9% | −7.88pp |
| All others (74 makers) | 531 | 3.0% |
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, 2024 to November
The same table over 2024 to November, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 50,986 | 36.03% | +29.03pp | +970.7% |
| 2 | Bajaj Auto | 39,328 | 27.79% | +22.92pp | +1086.0% |
| 3 | Piaggio | 20,706 | 14.63% | −12.97pp | +10.3% |
| 4 | Omega Seiki | 6,601 | 4.66% | −0.11pp | +103.2% |
| 5 | Ti Clean Mobility | 5,573 | 3.94% | +2.57pp | +496.7% |
| 6 | Euler Motors | 3,474 | 2.46% | −0.93pp | +50.9% |
| 7 | Atul Auto | 1,852 | 1.31% | −1.29pp | +4.9% |
| 8 | Dilli Electric | 1,395 | 0.99% | −0.58pp | +31.1% |
| 9 | Altigreen Propulsion Labs | 1,186 | 0.84% | −2.69pp | −50.6% |
| 10 | Mahindra | 1,011 | 0.71% | −27.00pp | −94.6% |
| 11 | Keto Motors | 871 | 0.62% | +0.30pp | +310.8% |
| 12 | Atul Greentech | 642 | 0.45% | +0.32pp | +597.8% |
| 13 | Ravi Metal Works | 552 | 0.39% | +0.39pp | — |
| 14 | E Royce Motors India | 485 | 0.34% | −1.33pp | −57.4% |
| 15 | TVS Motor | 456 | 0.32% | +0.22pp | +570.6% |
Frequently asked questions
How many electric three-wheelers were sold in India in November 2024?
Which company sold the most electric three-wheelers in November 2024?
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 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.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
