The Indian market for electric three-wheeled cargo vehicles ended December 2025 on a competitive and robust note. Despite some month-to-month variability, the sector enjoyed significant year-on-year growth. More businesses and individuals are adopting electric cargo vehicles for transportation, driven by environmental concerns, rising fuel costs, and the growth of e-commerce and urban logistics.
Leading OEMs and Rising Players
Mahindra Last Mile Mobility, Bajaj Auto, and Omega Seiki continued to dominate the market, while new players like Euler Motors are quickly gaining traction. This analysis explores sales data for December 2025, offering detailed insights into OEM performance and overall market dynamics.
The Role of Electric Three-Wheelers in Last-Mile Delivery
Electric three-wheelers are taking center stage in India’s last-mile delivery ecosystem. Several factors contribute to their growing adoption:
- Lower operational and maintenance costs
- Government incentives for electric vehicles
- Rising demand for eco-friendly delivery solutions
- Increasing usage by small business owners and fleet operators
Competitive Landscape: The L5 Segment Heats Up
By the end of 2025, the L5 category for electric cargo three-wheelers had become increasingly competitive. Both established giants and agile newcomers are fighting for market share as the segment expands.
December 2025 Sales Data: A Closer Look
According to Vahan registration data (as of January 2, 2026), 1401 out of 1459 RTOs across 35 states and union territories (excluding Telangana) reported sales in December 2025
Key Sales Figures (December 2025)
| OEM | Dec 2025 Sales | Dec 2024 Sales | Yearly Growth | Monthly Growth |
|---|---|---|---|---|
| Mahindra Last Mile | 539 | 604 | 23.9% | -10.8% |
| Bajaj Auto | 450 | 546 | 22.3% | -17.6% |
| Omega Seiki | 317 | 125 | 12.4% | 153.6% |
| Euler Motors | 251 | 235 | 16.2% | 6.8% |
| Atul Auto | 236 | 323 | N/A | -26.9% |
| Green Evolve | 125 | 113 | N/A | 10.6% |
OEM Performance Analysis
Mahindra Last Mile Mobility: Market Leader
Mahindra retained its top spot with 539 units sold in December 2025, reflecting a robust 23.9% year-on-year growth despite a 10.8% month-on-month dip. The brand’s strong reputation, widespread dealership network, and excellent after-sales service continue to drive demand.
Bajaj Auto: Consistent Performer
Bajaj Auto recorded 450 units in December, a 22.3% increase over the previous year, though sales decreased 17.6% compared to November. Bajaj’s expansive service network and reliable engineering make it a preferred choice for fleet managers.
Omega Seiki: Fastest Growing OEM
Omega Seiki posted the highest month-over-month growth at 153.6%, with 317 units sold. The brand is rapidly gaining popularity, especially among urban logistics and new delivery fleets.
Euler Motors: Steady Growth
Euler Motors sold 251 units, achieving 16.2% growth year-over-year and a 6.8% rise month-over-month. The company’s consistency stems from its focus on performance-driven, fleet-oriented electric cargo vehicles.
Atul Auto: Temporary Setback
Atul Auto sold 236 vehicles in December, with a 26.9% drop from November. While the brand remains significant, especially in rural and semi-urban markets, it’s experiencing a temporary decline.
Green Evolve: Quietly Expanding
Green Evolve registered 125 units, up 10.6% from the previous month. Though volumes are smaller, the company is gradually making inroads across various regions.
Market Trends and Insights
Established Brands Lead: Mahindra and Bajaj continue to dominate, maintaining their positions as the top sellers.
New-Age OEMs Rising: Brands like Omega Seiki and Euler Motors are expanding rapidly by offering innovative fleet solutions and competitive pricing.
Seasonal Variations: December typically sees slower sales after the festive season, contributing to some month-on-month declines.
Sustained Growth Outlook: Long-term demand remains strong as last-mile delivery becomes more electrified.
Expert Perspectives: The Strategic Importance of E-3W Cargo Vehicles
Electric three-wheel cargo vehicles have become essential for:
- E-commerce deliveries
- Urban goods movement
- Kirana and wholesale distribution
- Business and municipal logistics
OEMs with high uptime, strong financial backing, and reliable service networks are poised to lead the industry’s next phase of growth.
Conclusion
The market for electric cargo three-wheelers in India is vibrant and increasingly competitive. While Mahindra and Bajaj maintain their lead, emerging brands like Omega Seiki and Euler Motors are rapidly gaining ground. With improving infrastructure and more fleets transitioning to electric vehicles, the segment is set for continued growth in 2026 and beyond. This makes electric cargo three-wheelers a compelling choice for manufacturers, fleet operators, and investors alike.
FAQs
Mahindra Last Mile Mobility, with 539 units.
Omega Seiki, with a 153.6% increase.
Bajaj Auto sold 450 units—22.3% higher year-over-year, despite a decline from November.
Yes, annual growth remains steady due to rising EV adoption and growing last-mile delivery needs.
They offer lower running costs, environmental benefits, government support, and are ideal for e-commerce logistics.