Try GOLD - Free
How EVs came to dominate 3-W market
Mint Hyderabad
|November 26, 2025
Of the 1.1 million three-wheelers sold in India this calender year (as of 24 November), more than 687,000, or about 60%, were electric vehicles (EVs), compared with a measly 4.1% for cars and 6.2% for two-wheelers, government data showed.
Three-wheelers are, for a variety of reasons, far more amenable to the switch to electric than two- and four-wheelers.
(MIN)
This is especially impressive considering India’s first electric three-wheeler—an e-rickshaw by Saera Electric Auto—was launched just 14 years ago, in 2011.
The wide gap is due to the fact that three-wheelers are, for a variety of reasons, far more amenable to the switch than twoand four-wheelers.
Huge investments in electric three-wheelers have also led to near price parity with their fossil-fuel cousins, especially when factoring in their lower operating and maintenance costs.
This story is from the November 26, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Apple set to regain top smartphone maker spot after 14 yrs
Apple Inc.
1 min
November 27, 2025
Mint Hyderabad
SP Eyes Tata exit to cut debt costs
Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.
1 min
November 27, 2025
Mint Hyderabad
Is Bengaluru’s appetite for fast food restaurants waning?
Quick-service restaurants have flagged weakening demand in the key market
2 mins
November 27, 2025
Mint Hyderabad
IL&FS group repays ₹48,463 cr loan
Debt-ridden IL&FS group has repaid ₹48,463 crore to its creditors as of September 2025, out of the total ₹61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT.
1 min
November 27, 2025
Mint Hyderabad
Tejas will work with Airtel, BSNL to fix signal in Rajasthan
Tejas Networks Ltd will cooperate with Bharti Airtel Ltd and Bharat Sanchar Nigam Ltd (BSNL) to resolve the network interference issues reported in Rajasthan quickly, the Tata group company said on Wednesday.
1 mins
November 27, 2025
Mint Hyderabad
'First-gen founders take bigger investment risks'
India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.
2 mins
November 27, 2025
Mint Hyderabad
Aramco taps Citi for oil storage stake sale
Saudi Aramco has chosen Citigroup to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, people familiar with the matter said.
1 min
November 27, 2025
Mint Hyderabad
MO Alternates launches its maiden private credit fund
The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions
3 mins
November 27, 2025
Mint Hyderabad
Fintechs turn fund magnets with cross-border licensing
Funders see growth prospects in central bank's payment aggregator-cross border licensing
3 mins
November 27, 2025
Mint Hyderabad
Reliance JV, L&T to plough $13.5 bn into data centres
India’s data-infrastructure buildout hit a $13.
1 min
November 27, 2025
Listen
Translate
Change font size

