FADA Three-Wheeler Retail Sales Report November 2025: Market Grows 23.67% YoY, with 1,33,951 Units Sold

Key Highlights:

• Total sales: 1,33,951 units.

• Market up 23.67% YoY.

• E-rickshaw segments show strong growth.

• Bajaj leads with 33.08% share.

• EV brands report major gains.

India’s three-wheeler market continued its strong upward momentum in November 2025, driven by the rising demand for electric rickshaws, passenger carriers, and cargo EVs. According to FADA data, a total of 1,33,951 units were retailed across the country, reflecting a 3.42% month-on-month growth and a robust 23.67% year-on-year increase compared to November 2024. This steady rise highlights the fast-growing shift toward electric mobility. Below is a simple and detailed breakdown of each three-wheeler category and brand performance.

Also Read: FADA Three-Wheeler Retail Sales Report September 2025: 98,866 Units Sold Across India

Category-Wise Three-Wheeler Sales – November 2025

Market Trend Summary

• Total Three-Wheeler Sales (1,33,951 Units): India sold 1,33,951 three-wheelers in November 2025. This is higher than the 1,29,517 units in October 2025 and much higher than the 1,08,317 units in November 2024. The overall growth shows that the market is improving strongly, especially in the electric mobility space. The segment also benefited from rising demand in urban cities and better financing availability.

• E-Rickshaw (Passenger) – 48,839 Units: The passenger e-rickshaw segment recorded 48,839 units in November 2025. This is a strong 31.58% rise from last month and a 20.98% increase compared to last year. This category continues to dominate India’s last-mile mobility, especially in small towns and cities. The sharp MoM jump shows that electric vehicles are becoming the first choice for daily local transport due to lower running costs and better charging options.

• E-Rickshaw With Cart (Goods) – 8,160 Units: Sales of goods-carrying e-rickshaws reached 8,160 units, which is a clear sign of rising acceptance in the delivery and logistics sector. The segment grew 16.92% MoM and an outstanding 50.41% YoY. Small businesses, kirana stores, and last-mile delivery companies are increasingly shifting to electric goods carriers due to their low maintenance and affordable ownership.

• Three-Wheeler (Goods Carrier) – 13,355 Units: The goods carrier category sold 13,355 units, which is 12.36% lower MoM, but still 21.85% higher YoY. This means that although monthly sales slowed down, long-term demand remains strong. These vehicles are widely used for small-scale transportation, urban delivery, and commercial logistics.

• Three-Wheeler (Passenger Carrier)– 63,451 Units: Passenger carriers registered 63,451 units, showing a 9.27% drop from October, but a healthy 23.25% rise from last year. Seasonal variations may have influenced the month-on-month dip, but the yearly growth shows strong demand in both cities and rural regions. These three-wheelers remain a dependable transport option for short and medium routes.

• Three-Wheeler (Personal Use) – 146 Units: Although the segment is very small, 146 personal-use three-wheelers were sold in November. This is a 40.41% decline MoM, but an 80.25% jump YoY. A small but growing group of buyers is opting for personal electric three-wheelers for short-distance private travel, especially in narrow-lane cities.

Also Read: Electric Three-Wheeler Passenger Sales Report (November 2025): Mahindra, Bajaj, and TVS Lead the Market

OEM-Wise Three-Wheeler Market Performance – November 2025

Brand Highlights – November 2025

Bajaj Auto Ltd – 44,309 Units (33.08%)

Bajaj Auto continued to dominate the Indian three-wheeler market with 44,309 retail sales. Though its market share slightly dropped compared to last year, Bajaj remains the clear market leader. Its strong network, reliable products, and wide presence in both passenger and goods segments keep it far ahead of competitors.

Mahindra & Mahindra Ltd – 11,615 Units (8.67%)

Mahindra saw a solid jump in sales, reaching 11,615 units. This is significantly higher than its sales last year. The company’s diesel, CNG, and electric three-wheelers are gaining popularity, especially in commercial transport and last-mile movement.

• Mahindra Last Mile Mobility (MLMM) – 11,423 Units (8.53%): Mahindra’s dedicated electric mobility division, MLMM, recorded 11,423 units, showing strong customer acceptance. MLMM’s electric passenger rickshaws and goods carriers are becoming more common in urban and semi-urban areas due to their good range and dependable performance.

• Mahindra (Others) – 192 Units (0.14%): A smaller Mahindra sub-division registered 192 units, which is small in volume but higher than last year. This includes limited regional products and niche-use three-wheelers.

Piaggio Vehicles – 9,089 Units (6.79%)

Piaggio sold 9,089 units, which is slightly lower in market share compared to last year. However, the company’s Ape series remains a strong player in both passenger and cargo categories. EV variants of the Ape series are also helping Piaggio maintain a stable presence.

TVS Motor Company – 5,324 Units (3.97%)

TVS showed excellent growth with 5,324 units, more than double its performance last year. The company is quickly rising in the EV three-wheeler market, thanks to its dependable electric auto models and growing dealer network.

Atul Auto Ltd – 3,508 Units (2.62%)

Atul Auto recorded 3,508 units, showing steady demand for its reliable and sturdy three-wheelers. The brand is especially popular in rural regions and small towns where durability matters the most.

YC Electric Vehicle – 3,455 Units (2.58%)

YC Electric sold 3,455 units, slightly lower than last year. The company remains strong in the passenger e-rickshaw market, offering affordable and low-maintenance EV models widely used by city drivers.

Saera Electric Auto – 2,274 Units (1.70%)

Saera delivered 2,274 units, almost the same as last year. The brand is known for producing electric rickshaws under multiple sub-brands and continues to attract budget-focused EV buyers.

Dilli Electric Auto – 2,056 Units (1.53%)

Dilli Electric sold 2,056 units, maintaining a stable market presence. Their electric rickshaws are widely used for short-distance rides in congested city areas due to affordability and easy service support.

Zeniak Innovation India – 1,711 Units (1.28%)

Zeniak posted strong YoY growth with 1,711 units, almost triple its sales from last year. The brand is expanding rapidly by offering powerful and long-range electric rickshaws for commercial use.

J.S. Auto – 1,401 Units (1.05%)

J.S. Auto retailed 1,401 units, showing steady acceptance among buyers looking for simple and durable three-wheeler models.

Mini Metro EV LLP – 1,384 Units (1.03%)

Mini Metro EV sold 1,384 units, performing nearly the same as last year. The brand focuses on affordable electric rickshaws for small-town and rural users.

Terra Motors India – 1,340 Units (1.00%)

Terra Motors recorded 1,340 units, showcasing strong YoY growth. The company is gaining popularity with its modern electric autos designed for both passenger and goods use.

Others (Including EVs) – 46,485 Units (34.70%)

A large number of smaller brands together sold 46,485 units, contributing a major share of the market. This category includes many emerging EV companies offering low-cost e-rickshaws, especially in Tier-2 and Tier-3 regions.

Data Source & Notes

• Data from FADA Research, updated as of 03 December 2025

• Compiled from 1,401 out of 1,459 RTOs

• Telangana (TS) data not included

• The “Others” category includes brands with less than 1% market share

Also Read: FADA Retail CV Sales November 2025 Report: 94,935 Units Sold, Tata Leads Market, Mahindra Close Behind

CMV360 Says

India’s three-wheeler market closed November 2025 on a strong note with solid growth across key segments, especially electric passenger and cargo e-rickshaws. While some ICE categories saw month-on-month dips, overall demand remained high due to rising last-mile mobility needs and expanding EV adoption. Strong performances by Bajaj, Mahindra, TVS, and emerging EV players show that the segment is moving steadily toward cleaner and more efficient mobility solutions nationwide.