07/05/2026
๐๐๐ก๐ข๐ง๐๐ซ๐ ๐๐จ๐ฅ๐๐ฌ ๐๐๐๐ ๐๐ฌ ๐๐ ๐๐ ๐๐๐ฌ๐๐ง๐ ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฌ๐ฌ๐๐ฌ ๐๐,๐๐๐ ๐๐ง๐ข๐ญ๐ฌ
Indiaโs electric ๐๐ (๐ฉ๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ + ๐ฉ๐๐ซ๐ฌ๐จ๐ง๐๐ฅ) market recorded ๐๐,๐๐๐ ๐ซ๐๐ ๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ in April 2026, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐.๐% ๐ฆ๐จ๐ง๐ญ๐ก-๐จ๐ง-๐ฆ๐จ๐ง๐ญ๐ก. The segment continues to remain one of the strongest volume drivers in Indiaโs broader EV transition.
The gap at the top, however, is becoming extremely narrow.
๐. ๐๐๐ก๐ข๐ง๐๐ซ๐ ๐๐๐ฌ๐ญ ๐๐ข๐ฅ๐ ๐๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ญ๐
9,109 units | 35.8% market share
Mahindra retained the top position with nearly 10% MoM growth, continuing its dominance in the passenger e-3W category.
๐. ๐๐๐ฃ๐๐ฃ ๐๐ฎ๐ญ๐จ ๐๐ญ๐
9,000 units | 35.4% market share
Bajaj stayed close behind, adding over 500 units month-on-month and keeping the race for leadership intensely competitive.
๐. ๐๐๐ ๐๐จ๐ญ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐ญ๐
2,926 units | 11.5% market share
TVS remains a strong third player, steadily expanding its presence in the segment.
๐. ๐๐ข๐๐ ๐ ๐ข๐จ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐ฏ๐ญ ๐๐ญ๐
1,049 units | 4.1% market share
Piaggio crossed the 1,000-unit mark with healthy monthly growth.
๐. ๐๐๐๐ซ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ญ๐จ ๐๐ฏ๐ญ ๐๐ญ๐
536 units | 2.1% market share
One of the faster-growing players among smaller OEMs this month.
The passenger e-3W market is increasingly turning into a scale game. Manufacturing capacity, financing reach, and after-sales support are becoming the key differentiators as the segment matures.
Mahindra Last Mile Mobility | Bajaj Auto Ltd | Suman Mishra | Rajiv Bajaj | TVS Motor Company | Radhakrishnan K N | Saera Electric Auto Ltd. | Dilli Electric Auto Pvt Ltd (Citylife) | Piaggio Vehicles Pvt. Ltd. | Nitin Kapoor | Diego Graffi |