Electric Three-Wheeler Goods Sales Report (November 2025): Mahindra, Bajaj, and Atul Lead the Market

Key Highlights

• Mahindra Last Mile Mobility leads November 2025 with 604 units.

• Bajaj Auto shows strong MoM growth of 17.4%.

• Atul Auto records the highest MoM jump at 109.8%.

• Piaggio posts an impressive 87.7% MoM growth.

• Omega Seiki sees the biggest decline with a 62.7% MoM drop.

In November 2025, India’s electric three-wheeler (E-3W) goods market continued to show strong activity. Mahindra Last Mile Mobility led the segment, followed by Bajaj Auto and Atul Auto. The data is sourced from the Vahan Dashboard as of December 2, 2025, covering registrations from 1401 out of 1459 RTOs across 35 out of 36 states/UTs (Telangana not included).

Also Read: Electric Three-Wheeler Goods Sales Report (October 2025): Mahindra, Bajaj, and Omega Lead the Market

E-3W Goods L5 Sales Overview (November 2025)

The latest numbers highlight mixed growth across manufacturers. While some brands posted a rise in month-on-month sales, others saw sharp declines. Mahindra remains the top player, and Atul Auto recorded exceptional month-on-month growth.

OEM-Wise Sales Performance (Units Registered)

Brand-Wise Performance Analysis

Mahindra Last Mile Mobility

Mahindra continued its strong lead with 604 units in November 2025. The company posted 15.9% YoY growth, showing sustained demand. However, MoM sales dipped slightly by 1.5%.

Bajaj Auto

Bajaj Auto recorded 546 units in November 2025, showing a strong rise compared to 465 units in October. This resulted in a solid 17.4% month-on-month growth. However, its year-on-year sales dropped by 19.9% when compared to 682 units in November 2024. Despite the YoY decline, Bajaj continues to remain one of the top performers in the E-3W goods segment.

Atul Auto

Atul Auto showed exceptional performance with 321 units, more than doubling its October sales. It achieved a dramatic 109.8% MoM growth, making it one of the fastest-rising brands this month.

Euler Motors

Euler Motors registered 236 units, reflecting a slight MoM dip of 2.5% and a 9.9% YoY decline. The brand is maintaining steady volumes but needs recovery in the coming months.

Piaggio Vehicles

Piaggio recorded 152 units, marking a strong 87.7% MoM growth. However, YoY sales fell 20.4% when compared to November 2024.

Omega Seiki

Omega Seiki saw a sharp fall with 125 units, posting a steep 62.7% MoM drop and 22.8% YoY decline. The brand lost significant ground in November.

Also Read: OEM Wise Electric Bus Sales Report for November 2025

CMV360 Says

November 2025 was an active month for the electric goods three-wheeler market. Mahindra held the top spot, while Bajaj Auto and Atul Auto made strong gains. Piaggio also showed improved month-on-month numbers. However, Euler Motors and Omega Seiki faced declines. Overall, the trend indicates increasing competition and rising adoption of electric cargo vehicles, especially in urban and semi-urban markets.