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Bajaj Auto will expand its Riki e-rickshaw to 200 cities by early 2026, offering a safer, eco-friendly last-mile mobility option with 140 km range and fast charging.
India topped global electric 3-wheeler sales with a 57% share in 2024. Strong policies, rising demand, and the PM E-Drive scheme push sales toward 750,000 units in 2025.
Mahindra Last Mile Mobility plans 6X growth by 2030 with 50% EV portfolio, global expansion, new products, and strong sales momentum. Aims for 1 million EVs on Indian roads by 2031.
Piaggio launches Ape Xtra Bada 700 and Ape Xtra 600 with higher payload, new diesel engines, and improved performance, offering a strong alternative to entry-level four-wheeler cargo vehicles.
Kinetic Green partners with Exponent Energy to offer 15-minute fast charging for electric three-wheelers, boosting uptime, efficiency, fleet management, and expanding charging stations across major and smaller cities.
Bajaj Auto leads India’s green mobility shift with a CNG and electric three-wheeler strategy, blending innovation, affordability, and sustainability for the country’s future transport needs.
Exponent Energy unveils ‘Exponent Oto’ to convert CNG/LPG autos into 15-minute fast-charging EVs. FADA reports show rising EV adoption across cities.
FADA reports 1,29,517 three-wheelers sold in Oct 2025, up 31% MoM. Bajaj leads; Mahindra, TVS grow strongly. Data as per the FADA retail report.
Mahindra Last Mile Mobility crosses 3 lakh EV sales, covering 5 billion km and saving 185 KMT CO2, strengthening India's electric commercial vehicle sector.
In October 2025, Mahindra Last Mile Mobility led India’s electric three-wheeler goods segment, followed by Bajaj Auto and Omega Seiki, showing strong growth in EV cargo adoption.
Montra Electric appoints Deependra Sharma as CEO of its electric three-wheeler division to lead innovation, customer trust, and sustainable mobility growth in India.
Euler Motors is transforming India’s commercial transport with zero-emission electric vehicles, cutting carbon emissions, expanding nationwide, and pioneering innovation through its HiLoad EV and new 4-wheeler range.
Greaves Electric Mobility joins hands with Perpetuity Capital to offer affordable financing for electric two and three-wheelers, enabling up to 90% funding with low interest and flexible EMIs.
Piaggio and RiseWise Capital offer 100% financing for electric three-wheeler battery replacements, reducing costs for operators with flexible repayment options across Maharashtra, Gujarat, Karnataka, and Chhattisgarh.
Piaggio and RiseWise introduce India’s first battery replacement finance plan for electric 3-wheelers to make EV ownership affordable and sustainable.
