Auto Sales October 2025: Commercial EV Segment Registers Strong YoY Growth

India’s electric three-wheeler market continued its upward trajectory in October 2025, with total retail sales reaching 70,604 units, reflecting a year-on-year (YoY) growth of 5.11% compared to 67,173 units in October 2024, according to FADA data. The segment’s market share stood at 54.5%, nearly stable from 54.7% a year ago, though lower than the 61.7% seen in September 2025.

Mahindra Group maintained its leadership, retailing 11,860 units in October 2025, up 58.66% YoY. Its subsidiary, Mahindra Last Mile Mobility, contributed almost all of these sales. Bajaj Auto also posted a healthy 27.25% YoY growth, selling 8,033 units. TVS Motor Company saw a remarkable 3820.55% YoY surge, albeit from a low base, with 2,862 units sold compared to just 73 units last year.

Other notable performers included J.S. Auto (15.50% YoY growth) and Energy Electric Vehicles (5.87%). However, some established players like YC Electric Vehicle (-23.91%), Piaggio Vehicles (-27.77%), and Saera Electric Auto (-8.86%) saw declines. The “Others” category, which includes smaller brands, contributed 31,196 units but declined 6.81% YoY.

The electric commercial vehicle (CV) segment showed robust expansion, with total retail sales at 1,767 units in October 2025, up 105.9% from 858 units in October 2024. The segment’s market share rose to 1.64%, compared to 0.94% a year ago.

Mahindra Group was the standout performer, recording a 628.6% YoY increase with 306 units sold, all from its Last Mile Mobility division. Tata Motors led the segment in volume, retailing 603 units, a 25.4% YoY rise. Switch Mobility Automotive also posted a strong 130.3% YoY growth, while Euler Motors saw an extraordinary 15,000% jump, selling 151 units compared to just one last year.

Other companies like Olectra Greentech (163% YoY growth), VE Commercial Vehicles (1,933.3%), and IPL Tech Electric (30.8%) also contributed to the segment’s expansion. However, JBM Auto and Pinnacle Mobility saw significant YoY declines of 58.5%. 

Also read: Auto Sales October 2025: EV Car Sector Sees Strong YoY Growth Led by Mahindra, Hyundai and Kia