TVS Motor Crosses 10,000 Electric Three-Wheeler Sales in 2025, Gains 2% Market Share, and Launches New Cargo EV

Key Highlights

• 10,044 e-3Ws sold Jan–Aug 2025.

• 2% market share in 2025 till August.

• Ranked 6th among 600 players.

• August sales: 2,212 units.

• New King Kargo HD EV launched.

TVS Motor Company, one of India’s leading two- and three-wheeler manufacturers, has reached a major milestone in the electric three-wheeler (e-3W) market. According to Vahan retail data, the company sold 10,044 electric three-wheelers between January and August 2025.

The growth has been consistent, with sales rising every month, starting from 133 units in January and reaching 2,212 units in August 2025, which is the highest monthly sales so far. With this performance, TVS secured a 3.5% share of the 63,478 electric three-wheelers sold in India during August.

Key Highlights of TVS Motor’s E-3W Sales

• Cumulative Sales (Jan–Aug 2025): 10,044 units

• Market Share (Jan–Aug 2025): 2% of India’s total 4,94,300 e-3W sales

• Industry Rank: No. 6 among nearly 600 players

• August 2025 Sales: 2,212 units, 3.5% monthly market share

This achievement is remarkable considering TVS entered the electric three-wheeler business only recently, competing with established brands like Mahindra Last Mile Mobility, Bajaj Auto, YC Electric, Saera Auto, and Dilli Electric Vehicles.

The King EV Max: TVS’ Passenger E-3W

TVS Motor entered the passenger e-3W space with the TVS King EV Max, designed similar to its petrol-powered version, the TVS King.

Specifications and Features:

• 9.7 kWh lithium-ion LFP battery

• 179 km certified range per charge

• Top speed: 60 kph (Eco: 40, City: 50, Power: 60)

• Charging: 0–100% in 3.5 hours, 0–80% in 2h 15m

• Smart features: Bluetooth connectivity, diagnostics, parked location, call/message alerts

• Unique capability: Water-wading depth of up to 500 mm

The King EV Max is already available in states like Uttar Pradesh, Bihar, Jammu & Kashmir, Delhi, and West Bengal.

Expanding to Cargo with King Kargo HD EV

On August 21, 2025, TVS also entered the cargo three-wheeler segment with the launch of the TVS King Kargo HD EV, priced at ₹3.85 lakh (ex-showroom Delhi).

Key Highlights of King Kargo HD EV:

• 6.6-feet loading deck

• Low loading height of 703 mm

• Turning radius: 3,420 mm

• Top speed: 60 kph

• Charging time: 3 hours 10 minutes

• Warranty: 6 years / 1,50,000 km

• SmartXonnect with 26 connected features (India’s first Bluetooth-enabled cargo 3W)

The King Kargo HD EV will initially be available in Delhi NCR, Rajasthan, and Bengaluru.

Also Read: TVS Launches King Kargo HD EV in India – A New Era in Cargo Mobility

Leadership’s View

Speaking during the Q1 FY2026 analyst call, K. N. Radhakrishnan, Director and CEO of TVS Motor Company, said: “The TVS King EV Max is doing extremely well. Customers are definitely liking it, and the response is very positive. We'll be scaling it further. The market is also doing well. It is growing very fast. I am pretty confident that we will reach a prominent place in this EV three-wheeler business this year.”

Outlook for TVS in the E-3W Industry

TVS Motor has demonstrated strong growth in India’s electric three-wheeler segment in a very short time. With the success of the King EV Max in the passenger segment and the recent entry into the cargo market with the King Kargo HD EV, the company is well-positioned for further expansion.

In the coming months, TVS aims to strengthen its market share and challenge top industry players like Mahindra and Bajaj, potentially climbing higher in the rankings.

Also Read: Eicher Trucks and Buses Organizes Nationwide Health Camps for Truck Drivers: Focus on Driver Well-Being and Road Safety

CMV360 Says

TVS Motor’s achievement of crossing 10,000 electric three-wheeler sales in 2025 marks a significant step in its EV journey. With strong demand for the King EV Max and the new King Kargo HD EV, the company is building a solid foundation in both passenger and cargo segments. Its steady growth indicates a promising future in India’s fast-expanding e-3W industry.