Three-Wheeler Market Summary – April 2025
Bajaj Auto remained the clear leader with 33.12%, slightly up from April, though down from 36.15% last year. Mahindra Last Mile Mobility continued steady gains, rising to 6.87%, while Piaggio declined to 5.95%. TVS grew consistently to 3.30%, more than doubling its share from a year ago. YC Electric held stable at 3.53%, while several smaller players like Atul Auto, Saera, and Dilli Electric saw marginal declines. The "Others" category remains large at 41.65%, reflecting a fragmented and highly competitive market. Mahindra led the electric three-wheeler market in May 2025 with 9.99%, up from 7.48% a year ago. Bajaj Auto followed closely at 9.53%, showing strong growth from just 3.04% in May 2024. TVS Motor saw rapid expansion, climbing to 2.40% from virtually zero last year. Piaggio and TI Clean Mobility remained steady, while Omega Seiki saw a slight dip. Despite these gains, the ‘Others’ segment still dominated with 75.08%, highlighting continued fragmentation and presence of smaller regional players.
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