Electric Three-Wheeler Sales November 2025: Mahindra Last Mile Leads With 36.3% Share
Every electric three-wheeler registered in India in November 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 November went
India registered 27,139 electric three-wheelers in November 2025, +51.6% on November 2024 and +1.5% on October.
Across the 11 completed months of 2025 to November, 2,16,830 electric three-wheelers have been registered, +53.2% 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, November 2025
Mahindra Last Mile led the month with 9,863 registrations — 36.3% of the electric three-wheeler market — ahead of Bajaj Auto on 8,908 (32.8%), a gap of 955 units. Mahindra Last Mile also led October.
TVS Motor has gained the most share against November 2024, +10.61pp to 11.2%; Piaggio has lost the most, −9.07pp to 4.9%.
The top three hold 80.3% of the segment; 96 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, November 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 | Nov 2025 | Share | MoM | YoY | Share vs Nov 2024 |
|---|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 9,863 | 36.3% | −9.3% | +55.8% | +0.98pp |
| 2 | Bajaj Auto | 8,908 | 32.8% | +9.5% | +42.4% | −2.11pp |
| 3 | TVS Motor | 3,030 | 11.2% | +1.9% | +2930.0% | +10.61pp |
| 4 | Piaggio | 1,335 | 4.9% | −6.1% | −46.7% | −9.07pp |
| 5 | Ti Clean Mobility | 637 | 2.3% | +4.1% | −9.3% | −1.57pp |
| 6 | Omega Seiki | 507 | 1.9% | +6.3% | +6.7% | −0.78pp |
| 7 | Saera Electric | 410 | 1.5% | +38.0% | +2462.5% | +1.42pp |
| 8 | Atul Auto | 383 | 1.4% | +70.2% | +233.0% | +0.77pp |
| 9 | Euler Motors | 377 | 1.4% | +0.3% | +20.4% | −0.36pp |
| 10 | Atul Greentech | 209 | 0.8% | +12.4% | +75.6% | +0.11pp |
| 11 | Dilli Electric | 160 | 0.6% | +10.3% | +40.4% | −0.05pp |
| 12 | E Royce Motors India | 133 | 0.5% | +209.3% | +5.6% | −0.21pp |
| 13 | J. S. Auto | 130 | 0.5% | +188.9% | +2066.7% | +0.45pp |
| 14 | Green Evolve | 114 | 0.4% | +14.0% | +470.0% | +0.31pp |
| 15 | Baxy | 101 | 0.4% | +31.2% | +621.4% | +0.29pp |
| All others (81 makers) | 842 | 3.1% |
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 November
The same table over 2025 to November, set against the same months of 2024.
| # | Manufacturer | Units | Share | vs 2024 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Mahindra Last Mile | 80,041 | 36.91% | +0.88pp | +57.0% |
| 2 | Bajaj Auto | 72,147 | 33.27% | +5.48pp | +83.4% |
| 3 | TVS Motor | 18,710 | 8.63% | +8.31pp | +4003.1% |
| 4 | Piaggio | 13,825 | 6.38% | −8.26pp | −33.2% |
| 5 | Ti Clean Mobility | 6,049 | 2.79% | −1.15pp | +8.5% |
| 6 | Omega Seiki | 6,020 | 2.78% | −1.89pp | −8.8% |
| 7 | Euler Motors | 3,737 | 1.72% | −0.73pp | +7.6% |
| 8 | E Royce Motors India | 1,879 | 0.87% | +0.52pp | +287.4% |
| 9 | Atul Greentech | 1,631 | 0.75% | +0.30pp | +154.0% |
| 10 | Atul Auto | 1,552 | 0.72% | −0.59pp | −16.2% |
| 11 | Dilli Electric | 1,248 | 0.58% | −0.41pp | −10.5% |
| 12 | Saera Electric | 1,100 | 0.51% | +0.43pp | +918.5% |
| 13 | Thukral Electric Bikes | 823 | 0.38% | +0.19pp | +214.1% |
| 14 | Kinetic Green | 618 | 0.29% | +0.06pp | +96.8% |
| 15 | Green Evolve | 582 | 0.27% | +0.10pp | +150.9% |
Frequently asked questions
How many electric three-wheelers were sold in India in November 2025?
Which company sold the most electric three-wheelers in November 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.
