India’s electric three-wheeler (e-3W) market posted another strong month in October 2025, registering its highest sales of the year at 70,604 units. This performance marks a healthy 15.7% month-on-month (MoM) increase and a 5% year-on-year (YoY) growth. According to official VAHAN data, the sector saw robust momentum on the back of festive-season demand, improved financing availability, and dealer restocking after a subdued monsoon quarter.
The strong showing in October has pushed the year-to-date (Jan-Oct 2025) sales to 6.26 lakh units, up nearly 10% YoY, putting the industry on track to surpass 7.5 lakh units for the calendar year.
Table of Contents
- How Did India’s E-3W Market Perform in October 2025?
- Top OEMs: Mahindra and Bajaj Lead the Charge
- Segment Snapshot: Passenger vs. Goods Movers
- Market Trends and Industry Outlook
- Frequently Asked Questions (FAQs)
The e-3W segment's record performance in October reaffirms its recovery trajectory, showing consistent double-digit monthly growth and rising adoption across both passenger and goods categories. Passenger carriers continued to dominate the market, accounting for 86% of total sales, while goods carriers maintained a steady 13.5% share.
| Metric |
Oct 2025 |
Sept 2025 |
| Total E-3W Sales |
70,604 |
61,044 |
| Passenger Share |
86% |
85% |
| Goods Share |
13.5% |
14.7% |
*Source: VAHAN Dashboard, Autocar Professional *
Top OEMs: Mahindra and Bajaj Lead the Charge
Legacy automakers strengthened their dominance in October, with Mahindra Last Mile Mobility (LMM) and Bajaj Auto maintaining their leadership positions in retail sales. The top five OEMs controlled nearly 40% of the national e-3W market, signalling growing industry consolidation.
| Company |
Sales |
Market Share |
| Mahindra LMM |
11,863 |
17% |
| Bajaj Auto |
8,032 |
11% |
| YC Electric |
3,500 |
5% |
| TVS Motor |
2,862 |
4% |
| Saera Electric |
2,200 |
~3% |
*Source: Industry estimates *
Mahindra LMM retained its top spot with a commanding 17% market share, while Bajaj Auto also logged its best-ever monthly sales. TVS Motor recorded exceptional growth in its three-wheeler segment, with sales surging 70% YoY to 18,407 units, including both ICE and electric models.
For a deeper look at how India’s electric vehicle companies are performing in the stock market, check the Nifty EV & New Age Automotive index, which tracks the latest trends shaping India’s EV transition.
While the overall goods carrier segment showed steady demand, performance among key OEMs was divergent.
E-3W Goods Carrier Sales (October 2025)
| Company |
Oct 2025 |
MoM Growth |
| Mahindra LMM |
614 |
+27.9% |
| Bajaj Auto |
464 |
+2.4% |
| Omega Seiki |
335 |
-2.6% |
| Euler Motors |
242 |
+9.5% |
| Atul Auto |
153 |
+142.9% |
Passenger carriers, meanwhile, surged across urban clusters such as Delhi NCR, Lucknow, and Patna, aided by renewed credit flows to small fleet operators. The penetration of electric models in the passenger three-wheeler segment reached a high of 34.3% in October.
To understand broader sector movements and market performance of leading two- and three-wheeler manufacturers, visit the Automobile – Two & Three Wheelers Sector page for insights.
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Festive Season Push: October’s festival calendar boosted both retail and fleet purchases, helping clear dealer inventories built up in Q2.
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OEM Consolidation: The top 10 OEMs now account for approximately 50% of India’s e-3W market, a clear sign of a maturing industry.
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Legacy Leadership: Mahindra and Bajaj continue to leverage their brand trust, extensive financing networks, and nationwide service to outperform smaller rivals.
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2025 Outlook: With 6.26 lakh units already sold by October, the market is on pace to exceed 7.5 lakh units by the year's end, translating to 8–9% annual growth.
You can also read our detailed report on India’s record-breaking festive auto sales for October 2025, covering segment highlights and market leaders across categories.
1. What were India’s total electric three-wheeler sales in October 2025?
Total retail sales stood at a record high of 70,604 units, up 5% YoY and 15.7% MoM.
2. Which companies led the e-3W market?
Mahindra Last Mile Mobility (17% share) and Bajaj Auto (11%) were the top two performers in October 2025.
3. How did the goods carrier segment perform?
The goods category showed mixed results. While overall demand was steady, some players like Mahindra and Atul Auto posted strong MoM gains, while others like Omega Seiki saw a marginal decline.
4. What share of the market do passenger carriers hold?
Passenger carriers continue to dominate the e-3W market, contributing 86% of total sales in October 2025.
5. What is the sales projection for the e-3W market in 2025?
With 6.26 lakh units sold in the first ten months, the industry is projected to cross 7.5 lakh units by the end of the calendar year, maintaining a steady growth momentum.