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Euler Motors raised ₹638 crore in Series D round, with Hero MotoCorp joining to boost EV expansion and product innovation.
Over the last three years, China’s electric three-wheeler market has stayed below 15% electrification. Meanwhile, India moved ahead of China in 2023 and became the largest electric three-wheeler market.
Greaves Electric Mobility is working to boost EV use in India through its network of manufacturing, retail, and financing services.
Hero MotoCorp completes 34.1% stake acquisition in Euler Motors with Rs 510 crore investment, entering the electric commercial vehicle market.
According to the Vahan portal, Bajaj sold 5,506 electric three-wheelers, grabbing a 36% share of the L5 category.
This move shows Marposs’ focus on new ideas and eco-friendly practices, matching OSM’s goal of promoting clean transport.
The agreement includes a ₹50 crore order for Ergon Labs' Integrated Power Converter (IPC) technology, which OSPL will use in its vehicles, starting with the L5 passenger segment.
As per Vahan portal data, sales of electric three-wheelers reached 62,533 units in April 2025, up by almost 50% compared to April 2024.
The Zen Micro Pod ULTRA is powered by an advanced LMFP battery that offers over 5,000 charge cycles. The battery charges up to 60% in just 60 minutes.
Mahindra Last Mile Mobility Limited (MLMML) has played a major role in electrifying the L5 segment — which includes electric three-wheelers.
In this news, we will examine the sales performance of E3W L5 in the goods and passenger segments in April 2025 based on the Vahan Dashboard data.
In this news, we will examine the sales performance of the E-rickshaw and E-cart segments in April 2025 based on the data from the Vahan Dashboard.
In the FADA sales report for April 2025, 99,766 units of three-wheelers were sold compared to 99,376 units in March 2025.
This policy will remain in effect until 2030 and includes toll waivers, subsidies, and infrastructure development. The state has allocated ₹1,993 crore to support the initiative.
Atul Greentech Private Limited also reported significant progress. It sold 49 EV-L5 vehicles in April 2025, compared to 17 units in April 2024.
