An electrifying revolution on three wheels
Electric three-wheelers have become the dominant segment in India, with 60.95% of total three-wheeler sales in FY26 being electric. The trend is driven by strong unit economics, lower operating costs, and supportive city-wide policies.
India's three-wheeler market has seen a significant shift towards electric vehicles, with electric three-wheelers accounting for 60.95% of total sales in FY26. The electrification rate has been steadily increasing, from 54.3% in FY24 to 57.25% in FY25. Automotive analysts predict that by FY27, two out of every three three-wheelers sold will be electric, and by 2030, electrification will cross 75%. The growth is driven by the economic benefits of electric three-wheelers, including lower running and maintenance costs, and higher daily savings for operators. City-wide policies in cities like Delhi, Bengaluru, and Mumbai have also supported the adoption of electric three-wheelers. Major players like Bajaj Auto and TVS Motor have shifted their focus towards electric three-wheelers, with Bajaj Auto's electric three-wheeler sales growing 76.2% in FY26.
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