As many manufacturers enter the market and already established companies increase their market share, India’s electric three-wheeler (3W EV) industry is still growing exponentially. The sales performance of 3W EV brands in February 2025 shows a market which is competative with a few known and obvious leaders, this is based on data from the Vahan Dashboard (as of March 2, 2025).
Top Players in the 3W EV Segment – February 2025 Sales Overview
India’s 3W electric vehicle market is very crucial, especially for commercial and last-mile connectivity. In February 2025, the following brands performed best:
- Mahindra – 588 units
Mahindra leads the market with 588 units sold in February 2025. The company’s robust dealership network, strong brand trust, and expanding electric portfolio contribute to its dominance. Mahindra’s Treo series has gained popularity for its reliability, range, and cost efficiency. - Omega Seiki – 535 units
Omega Seiki is not far behind, with 535 units sold. In the electric cargo market, the company is renowned for its emphasis on sustainability and innovation. For distribution and logistics applications, their Rage+ series has been the go-to option. - Bajaj Auto – 430 units
430 Units Sold Bajaj Auto is a major player in the automotive segment and remained a strong contender in the EV space with 430 units sold. Their cargo variants and RE electric rickshaws have kept them competitive. - Euler Motors – 198 units
Euler Motors has also created a record of 198 units sold. Their HiLoad EV will disrupt the cargo segment with its high payload carrying ability and superior battery technology. - Zenmo – 131 units
A brand you probably haven’t heard of: A up-and-coming name in the EV space, Zenmo landed 131 units sold. The fact that their steady rise came during a period of growth in that market shows the potential they had. - Piaggio – 120 units
Piaggio, a well-known brand in the commercial three-wheeler market, sold 120 units. They have seen success with their Ape E-Xtra lineup. - 3EV – 71 units
With 71 units sold, 3EV, a comparatively newcomer, demonstrated promise in the electric mobility market. - Grevol – 68 units
Grevol secured 68 units, competing in the sustainable commercial EV segment. - Atul – 66 units
Atul, a recognized name in the three-wheeler industry, recorded 66 units in February. - E-Royce – 55 units
E-Royce, although lower in numbers (55 units), is slowly making a path out a niche for itself in the electric vehicle space.
Key Trends and Market Insights
- Rising Adoption of Electric Three-Wheelers
India’s adoption of 3W EVs has surged due to the government’s FAME-II incentives and the drive for sustainable mobility. The need for electric cargo loaders and rickshaws has grown dramatically. - Cargo vs. Passenger EVs
3W EV producers are profiting from the Indian government’s emphasis on lowering reliance on fossil fuels and encouraging EVs through subsidies and infrastructure development. - Government Policies Driving Growth
3W EV producers are profiting from the Indian government’s emphasis on lowering reliance on fossil fuels and encouraging EVs through subsidies and infrastructure development. - Battery and Charging Infrastructure
Infrastructure for charging is still one of the key obstacles. However, operational efficiency and range anxiety are being addressed with swappable battery technologies and more charging stations.
Which Brands Will Dominate in the Coming Months?
Based on the sales trends and industry developments, the following companies are poised for growth:
- Because of its robust market presence and continuous expenditures in EV technology, Mahindra is probably going to keep its lead.
- Omega Seiki is a formidable rival since it is concentrating on the cargo market and increasing its production capacity.
- Bajaj Auto will continue to be a strong challenger thanks to its wide dealership network and trusted brand.
- Sales of Euler Motors may increase significantly as the company gains traction in the cargo EV market.
- Zenmo and Piaggio have the potential to increase their market share with new product launches and strategic expansions.
The 3W EV market in India is rapidly changing, and manufacturer rivalry is growing. While Omega Seiki, Euler Motors, and more recent arrivals like Zenmo are making notable progress, more established brands like Mahindra, Bajaj, and Piaggio are retaining their ground. More investments, the introduction of new products, and the development of charging infrastructure are anticipated in the upcoming months, all of which will hasten the adoption of EVs.
Which brand do you believe will dominate as the market expands? Tell us in the comments below!