Bajaj Auto, India’s market leader in IC-engined three-wheelers and also the No. 1 three-wheeler exporter, has registered its best-ever monthly retail sales in November 2025. The 8,765 units are a 43% YoY jump (November 2024: 6,129 units) and a month-on-month increase of 9% (October 2025: 8,034 units).
As the retail sales data table below reveals, the company’s growth in the current calendar year has been very strong. Bajaj Auto began this year with 5,357 units in January, which fell 14% MoM to 4,588 units in February. Then there were five straight months of MoM growth – March (5,293 units), April (5,509 units), May (6,292 units), June (6,478 units) and July (7,626 units).
Deliveries fell in August (6,256 units) and September (6,827 units) because of a much-slowed-down supply chain for critical rare earth magnets which also impacted production of the Bajaj Chetak electric scooter. With the supply chain issue being resolved, production has come back on track.
Bajaj Auto sold over 8,000 e-3Ws for the first time in October and bettered that with 8,765 units in November. With the new Riki e-rickshaw now on sale, expect numbers to cross 9,000-10,000 soon.
Bajaj Auto Set for Record Sales of Over 80,000 Units in CY2025
CY2025 has turned out to be a record year for Bajaj e-3Ws. Cumulative sales in the first 11 months of this year at 71,025 units are up 88% year on year (January-November 2024: 37,668 units). This gives the company a 10% market share of the 709,506 e-3Ws sold across the country. With December numbers still to be factored, as also the market entry of the Riki e-rickshaw, in both passenger and cargo variants, expect Bajaj Auto to clock total sales of around 82,000-85,000 units in CY2025.
On November 26, the Pune-based company expanded its portfolio with the two-variant Riki model which marks Bajaj’s diversification in the volume electric rickshaw segment. While the passenger Riki P4005, equipped with a 5.4 kWh battery is priced at Rs 190,890 (ex-showroom) and travels a claimed 149km on a single charge, the Riki C4005 cargo model, priced at Rs 200,876 has a certified range of 164km. According to the company, the Riki has been piloted successfully in Patna, Moradabad, Guwahati and Raipur, an exercise which is being expanded to over 100 towns across Uttar Pradesh, Bihar, Madhya Pradesh, Chhattisgarh and Assam in Phase 1.
Bajaj Auto had entered the e-3W market in June 2023 with two products – the RE E-Tec 9.0 passenger EV and Maxima XL Cargo E-Tec 12.0 (replaced by the GoGo e3W brand launched in February 2025). The GoGo e-3Ws, which are aimed to redefine last-mile mobility, for both passenger and cargo operations, constitute the bulk of the company’s monthly sales.
Key GoGO product highlights are a best-in-class range of 248km, a 5-year /120,000km battery warranty, and first-in-class tech features like auto hazard and anti-roll detection. There are two GoGo models for passenger transport (P70s and P50s) and three variants (P5009, P5012 and P7012). While the P5009 has a 9kWH battery, the P5012 and P7012 are equipped with a 12kWh unit.
Bajaj Auto is banking on the Riki’s product attributes of longest range, monocoque chassis, independent suspension and hydraulic brakes to increase driver earnings, offer enhanced passenger safety and comfort as well as reliability.
New Riki To Help Accelerate Monthly Sales
Bajaj Auto’s strategic move to enter the high-volume e-rickshaw market is expected to drive up its monthly numbers. The e-rickshaw category has witnessed rapid expansion after Covid, adding over 45,000 vehicles every month, driven by demand for affordable last-mile mobility. E-rickshaws form a significant part of last-mile mobility feeding metros, suburban rail, and city bus systems. Furthermore, vehicle reliability and safety are increasingly driving e-3W purchase decisions from both driver and passengers.
The company is upbeat about its new electric three-wheeler as well as the growth prospects for the overall 3W business. In an analyst call last month, Rakesh Sharma, Executive Director, Bajaj Auto said: “The recently launched e-rickshaw (Riki) will further strengthen our portfolio and enable us to capture a share of this large profit and revenue pool. We have sold about 500 units of Riki in eight cities and are in the phase of observing acceptance. Early feedback from customers is very positive and it allows us to formulate our go-to-market plan. We intend to scale e-rick in a few months from now.”
“As it is with the surge in exports, manufacturing is operating at peak capacity for three-wheelers and we are now therefore taking steps to build three-wheeler capacity in the next few months, particularly in the e-vehicle segment.”
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