On September 15, 2025, TVS Motor Company announced it had signed a memorandum of understanding (MoU) with ALT Mobility to deploy up to 3,000 electric three-wheelers during FY 2025-26. The agreement covers passenger and cargo models, which will be leased through ALT Mobility’s network using a drive-to-own model for in

On September 6, 2025, the Rana Group held a groundbreaking ceremony for its Erisha Smart Manufacturing Hub at the Ras Al Khaimah Economic Zone in the UAE. The construction of the facility has started, and it will cover 15 million square feet, expanding to a total construction area of 25 million square feet, and will

In its annual report for FY 2024-25 (ending March 31, 2025), UCAL Limited announced that its new product portfolio focused on the throttle body for the two-wheeler segment, oil pump, intake throttle valve, and HC doser products for the four-wheeler segment. 
The Company further consolidated its position in the die ca

On August 26, the Government of Pakistan unveiled direct subsidies and cost-sharing for New Energy Vehicle (NEV) buyers under the NEV Policy 2025–30. The focus is on two- and three-wheelers, which form the largest vehicle segment in the country. The initial subsidy is set at PKR 65,000 per two-wheeler and PKR 400,000

On August 26, 2025, Euler Motors announced its entry into the commercial passenger electric vehicle category with the launch of “NEO by Euler”, a dedicated brand for passenger EVs. As part of the rollout, Euler unveiled the NEO HiRANGE, an electric three-wheeler for last-mile passenger mobility, priced at INR 310 tho

On August 21, 2025, India's TVS Motor Company launched the TVS King Kargo HD EV for INR 385 lakhs, an electric three-wheeler for urban and semi-urban logistics. The King Kargo HD EV includes Bluetooth connectivity and TVS SmartXonnect technology with 26 features. Its technical specifications include a 60 km/h top spe

On August 12, 2025, Greaves Cotton Limited acquired an additional ~10% stake in Excel Controlinkage Private Limited via the secondary route, raising its aggregate shareholding in the material subsidiary to 80%. Greaves had purchased 60% in the first tranche by April 30, 2023, with subsequent tranches planned annually

On August 13, Omega Seiki Mobility (OSM) announced its first international electric vehicle assembly plant at Jafza, Dubai, with a planned investment of USD 25 million (AED 92 million) over five years. Spanning over 42,000 square feet, the facility will assemble OSM’s electric two- and three-wheelers, and handle stor

On July 29, Helios Climate, Africa’s premier climate-focused investment platform, in partnership with the Private Infrastructure Development Group (PIDG), announced an investment in SUN Mobility. The investment round brings the total capital raised by the company over the past year to approximately USD 135 million. 

On July 23, Piaggio Vehicles Pvt Ltd (PVPL) unveiled its 2025 Apé Electrik EV range, introducing the new Apé E-City Ultra and the updated Apé E-City FX Maxx, both electric three-wheeler vehicles.
The Apé E-City Ultra is priced at INR 388 thousand and comes with a 10.2 kWh LFP battery and intelligent telematics. It of

On June 30, Jebel Ali Free Zone (Jafza) announced that Autoworld International FZCO, a leading regional distributor for India’s Bajaj Auto Ltd, is investing AED 45 million to develop a new logistics and distribution hub in Jafza, UAE. It will serve rapidly growing markets across Africa and the Middle East with afford

On June 10, Eastman Auto & Power Ltd announced a partnership with Vande Bharat E-Vehicles for a comprehensive battery supply agreement. It will supply high-quality lithium-ion batteries to power Vande Bharat's electric three-wheelers across India.
Based on Eastman Auto & Power Ltd social media updates 

On May 29, Bajaj Auto, in an investor update, announced that it will introduce an electric three-wheeler by early July 2025. Pilot vehicles have completed 10,000 kilometers of extensive testing, confirming high build quality and best-in-class performance. The new e-rick, to be launched under a fresh brand, aims to ta

On June 3, TVS Motor Company signed a Memorandum of Understanding (MoU) with Kadam Mobility, an EV-first fleet and infrastructure platform, to deploy 500 TVS King EV MAX electric three-wheelers during FY 2025–26 (ending March 31, 2026).
 This partnership aims to strengthen sustainable public mobility across India’s m

On May 22, TVS Motor Company signed a memorandum of understanding (MoU) with OOR Cabs Pvt. Ltd., a technology-driven mobility platform, to supply 500 TVS King EV MAX electric three-wheelers during the financial year 2025-26 (ending March 31, 2026). 
OOR Cabs will deploy the vehicles for intra-city passenger services,

On May 21, Fiat Professional launched the TRIS, its first-ever three-wheeled EV, in the Africa and Middle East (MEA) markets. It is designed for small businesses, TRIS comes in 3 versions i.e., chassis-cabin, flatbed, and pick-up—offering flexibility for different professional needs.
Designed in Centro Stile, Italy,

On April 25, 2025, Ergon Labs, a provider of light electric vehicle powertrain technologies, announced a partnership with Omega Seiki Pvt. Ltd. (OSPL). Under this collaboration, OSPL will become the first OEM to integrate Ergon’s integrated power converter (IPC) into its electric three-wheelers, starting with the L5

On April 9, Remsons Industries Limited announced the acquisition of a 51.01% stake in Astro Motors Private Limited, a Pune-based manufacturer of electric three-wheelers, for a total consideration of INR 142.2 million. The acquisition includes INR 42.2 million through equity issued on a preferential basis and INR 100

On March 27, iGowise Mobility, a Bangalore-based deep-tech mobility startup, announced partnerships with EVMI Solutions, Subeez, and Yaanco SAS to expand its electric trike operations in the UK, Switzerland, and South America. The company is also collaborating with domestic fleet aggregator Hala Mobility to deploy 2,

On April 1, the Ministry of Heavy Industries reported that 1,149,334 electric two-wheelers (e-2Ws) were sold in India during FY 2024-25, ending March. This marks a 21% increase compared to the 948,561 units sold in the previous financial year. The sales of electric three-wheelers (e-3W) in the L5 category also reache