Highlights of the Report
- Two-Wheelers (2W): Stable performance, with slight MoM recovery; top brands maintain volume leadership.
- Three-Wheelers (3W): Robust growth, driven by rising demand in urban mobility and last-mile delivery.
- Passenger Vehicles (PV): Consistent market traction, led by compact SUVs and premium hatchbacks.
- Commercial Vehicles (CV): Mixed performance, heavy-duty segment faces slowdown, while LCVs show resilience.
- Tractors: Seasonal demand uptick, supported by pre-monsoon agricultural activities.
Three-Wheeler Market Summary – April 2025
India’s three-wheeler segment continued its upward trajectory in April 2025, registering 99,766 units, marking a robust 24.5% year-on-year growth compared to April 2024. This performance reflects growing demand in both passenger and cargo sub-segments, with electric vehicles (EVs) driving much of the momentum. EV penetration reached a new high, accounting for 62.7% of total 3W sales—up significantly from 52.5% a year earlier. This reinforces the segment’s rapid transition towards sustainable mobility, supported by favourable policies, low running costs, and increasing urban adoption.Bajaj Auto maintained its leadership with 32,638 units sold, securing a 32.7% market share, while Mahindra Group and TVS Motor Company delivered standout performances. Mahindra recorded a remarkable 64.8% year-on-year growth, and TVS nearly doubled its volumes with a 98.2% increase, reflecting strong traction in electric and goods-focused models. Other notable players included Piaggio Vehicles, Y.C. Electric, and Atul Auto, each contributing steadily to the segment’s diversification.
3-Wheeler EV Electric Share Comparison
Month on Month (MoM) - Mar 25
Month on Month (MoM) - Apr 25
Year on Year (YoY) - Apr 24
Year on Year (YoY) - Apr 25
Forecast Chart
Application Chart
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