EV Sales Digest – May 2025
Summary
- E2W: In May 2025, sales of high-speed electric two-wheelers (HS E2Ws) in India increased by ~9% m-o-m, totaling 1,00,266 units. The top 3 players dominated the market, accounting for approximately 65% of total E2W registrations during the month , with TVS Motors leading the pack with a share of around 24%.
- E3W- Passenger: In May 2025, registered sales of passenger electric three-wheelers (E3Ws) stood at 55,623 units, reflecting an approximately 6% m-o-m increase. Year-on-year, sales grew by ~18% compared to May 2024. The top 8 players in the E3W passenger market collectively held about 39% market share. Mahindra Last Mile Mobility secured the top position this month with a market share of ~10.8%, followed closely by Bajaj Auto at ~10.6%.
- E3W- Cargo: In May 2025, registered sales of cargo-type electric three-wheelers (E3Ws) stood at 10,394 units, reflecting a 5% month-on-month increase and ~34% y-o-y increase compared to May 2024. The top 8 players in the electric three-wheeler cargo segment collectively held ~33% of the market. Mahindra Last Mile Mobility led the segment with a market share of ~6%, followed by YC Electric Vehicle at ~5%.
- E-Cars: In May 2025, total E-Car sales stood at 12,193 units, reflecting a marginal ~0.3% m-o-m decrease. On a y-o-y basis, sales grew by ~55% compared to May 2024. Tata Motors maintained its dominance in the E-Car market, securing a ~35% market share.
- E-Buses: In May 2025, total E-bus sales amounted to 338 units, reflecting a marginal ~19% m-o-m increase. Year-on-year, sales rose by ~48% compared to May 2024. PMI Electro led the market with a dominant ~43% share, followed by JBM Auto at ~19%.
Table of content
- Segment-wise Performance Summary – May 2025
- EV Sales Trends
- State wise May sales
- Monthly sales trends
- Category-wise sales trends
- High-Speed Electric Two-Wheeler
- Total sales (May 2024- May 2025)
- Player wise sales
- Player wise Market share in May 2025
- Electric Three-Wheeler Passenger
- Total sales (May 2024- May 2025)
- Player wise sales
- Player wise Market share in May 2025
- Electric Three-Wheeler Cargo
- Total sales (May 2024- May 2025)
- Player wise sales
- Player wise Market share in May 2025
- E-Cars
- Total sales (May 2024- May 2025)
- Player wise sales
- Player wise Market share in May 2025
- E-Buses
- Total sales (May 2024- May 2025)
- Player wise sales
- Player wise Market share in May 2025