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Euler struggles to keep pace with TVS, Bajaj in e3W sales
Financial Express Delhi
|February 23, 2026
INTENSE COMPETITION
HERO MOTOCORP-BACKED EULER Motors’ growth during the current fiscal in the electric three-wheeler (e3W) space is being overshadowed by industry giants like TVS & Bajaj Auto, who have registered outstanding numbers.
Euler Motors posted a modest 9.7% growth in FY26 with sales of around 3,538 units as of February 9, up from 3,227 units in FY25. In contrast, Bajaj Auto’s e3W sales rose 40% to over 70,000 units, while TVS Motor reported an early 12-fold jump to around 23,000 units.
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