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Euler Motors posted a positive FY26 net worth despite higher losses, driven by fresh funding, accounting changes, revenue growth, Hero MotoCorp's backing, and continued investments in expansion and innovation.
Sun Mobility reported 79% revenue growth, raised R&D spending to Rs 35.4 crore, reduced losses by nearly 90%, and strengthened its battery-swapping expansion strategy in FY26.
TVS Motor and Indian Oil partner to deploy TVS King Kargo HD cargo three-wheelers for LPG distribution, improving last-mile logistics, reducing costs, and lowering carbon emissions across India.
Piaggio launches Apé WavE electric three-wheeler with 5.4kWh battery, 140km range, 40km/h top speed and ₹2.55 lakh price for shared passenger mobility in India.
Explore FADA June 2026 three-wheeler retail sales, OEM market share, segment-wise performance, Bajaj Auto's leadership, Mahindra's growth, and key trends shaping India's passenger and cargo vehicle market.
June 2026 e-rickshaw and e-cart sales report: YC Electric and J.S. Auto lead, while emerging EV brands record strong growth, intensifying competition in India's electric three-wheeler market.
June 2026 E-3W goods sales saw Mahindra retain leadership, Bajaj post 60.6% YoY growth, and Piaggio, Euler, Omega Seiki, and Dilli Electric Auto record encouraging performance.
Delhi approves a ₹15,000 crore EV Policy with subsidies, scrappage incentives, EV charging expansion, and mandatory electric registrations for three-wheelers and N1 trucks from 2027.
Mahindra Last Mile Mobility remained India's top electric commercial vehicle maker with 35,133 Q1 FY27 sales, 32.4% L5 EV market share, and strong year-on-year growth in June 2026.
Delhi's EV Policy 2.0 allocates Rs 15,000 crore over four years to promote electric vehicles, mandates only electric three-wheelers for new registration from 2027, and offers incentives to replace old CNG auto-rickshaws.
Bajaj Auto and Delhivery deploy electric cargo three-wheelers, targeting 1,500 EVs by 2027 to boost sustainable last-mile logistics and reduce emissions.
Omega Seiki Mobility will integrate Honda's e-battery-swapping ecosystem with its Rage+ electric cargo three-wheeler, aiming to reduce downtime and improve efficiency for commercial vehicle operators in India.
Exponent Energy secures ₹200 crore funding to expand EV charging infrastructure, enter new vehicle segments, and accelerate commercial electric mobility growth in India.
FADA Three-Wheeler Retail Sales May 2026 reached 1.11 lakh units with passenger and goods segments driving growth. Bajaj Auto led the market, while Mahindra strengthened its overall market position.
EKA Mobility achieves a major milestone by rolling out its 1,000th electric SCV from Pune. The company expands EV manufacturing with strong domestic and global partnerships.
