By priya
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Updated On: 09-Apr-2025 12:42 PM
Mahindra Group led the Three-Wheeler EV market in March 2025, despite a slight dip in sales. Bajaj Auto shows strong growth, while Piaggio Vehicles sees a decline.
Key Highlights:
The Federation of Automobile Dealers Associations (FADA) has released the Vehicle Retail Data for FY’25 and March 2025, highlighting key shifts in the commercial electric vehicle (EV) segment. Here’s a comparison of the market share for each brand of Three-Wheeler EV OEM for March 2025 and March 2024:
In March 2025, electric three-wheeler sales in India stood at 59,556 units, slightly lower than the 60,819 units sold in March 2024.
Mahindra Group recorded 6,676 units in March 2025, lower than the 7,485 units in March 2024. Its market share also dropped from 12.31% to 11.21%.
Mahindra Last Mile Mobility Ltd sold 6,651 units in March 2025 compared to 7,240 units in March 2024. Its market share went down from 11.90% to 11.17%.
Mahindra & Mahindra Ltd dropped sharply from 245 units to just 25 units in March 2025. Its share also dropped from 0.40% to 0.04%.
Bajaj Auto Ltd showed growth with 5,293 units in March 2025, up from 3,356 units in March 2024. Its market share increased from 5.52% to 8.89%.
YC Electric Vehicle sales increased from 3,319 units to 3,451 units in March 2025. Its market share also improved from 5.46% to 5.79%.
Saera Electric Auto Pvt Ltd remained almost stable with 2,231 units in March 2025, slightly higher than the 2,189 units in March 2024. Its market share moved up from 3.60% to 3.75%.
Dilli Electric Auto Pvt Ltd recorded a decline in sales from 2,197 units to 1,734 units in March 2025. Its market share also reduced from 3.61% to 2.91%.
Piaggio Vehicles Pvt Ltd saw a major drop from 3,308 units to 1,389 units in March 2025. Its market share came down from 5.44% to 2.33%.
SahniAnand E Vehicles Pvt Ltd sales grew from 733 units in March 2024 to 1,160 units in March 2025. Its market share also increased from 1.21% to 1.95%.
Energy Electric Vehicles sales slightly improved from 1,015 units to 1,091 units in March 2025. Its share also increased from 1.67% to 1.83%.
J.S. Auto (P) Ltd sales went up from 972 units to 1,032 units in March 2025. Its market share increased from 1.60% to 1.73%.
Mini Metro EV LLP sales dropped from 1,162 units to 1,015 units in March 2025. Its share also fell from 1.91% to 1.70%.
Unique International sales fell from 1,072 units to 911 units in March 2025. Its market share also dropped from 1.76% to 1.53%.
SKS Trade India Pvt Ltd stayed almost the same, with 851 units in March 2025 and 852 in March 2024. Its market share remained steady, going from 1.40% to 1.43%.
Champion Poly Plast's sales declined from 928 units to 808 units in March 2025. Its market share also slipped from 1.53% to 1.36%.
In the Others category, Sales slightly decreased from 32,231 units to 31,914 units in March 2025. However, their market share increased from 52.99% to 53.59%.
Also Read: FADA Sales Report March 2025: Three-wheeler (3W) sales increased by 5.52% MoM
CMV360 Says
The latest sales numbers show that while the overall three-wheeler EV market saw a small dip, some brands, like Bajaj Auto and SahniAnand, are gaining customer trust. On the other hand, the drop in sales for big names like Mahindra and Piaggio suggests rising competition and shifting market preferences. Brands that continue to innovate and offer value will likely stay ahead in the coming months. For more sales updates, stay tuned to CMV360.