India Largest Market For Electric Three-Wheelers: IEA

Euler Motors secures ₹638 crore in Series D Funding led by Hero MotoCorp

Euler Motors has raised ₹638 crore in its Series D funding round, with the investment led by Hero MotoCorp, the world’s largest two-wheeler manufacturer. Existing investor British International Investment (BII), the UK’s development finance institution, also participated in the round. The fresh capital will be used to expand Euler’s sales and service network and accelerate the development of new products, reinforcing the company’s push toward la…

IEA ranks India world’s largest market for electric 3-wheelers, above China

New Delhi: India has been ranked the world’s largest market for electric three-wheelers, above China, for the second straight year with a 20 per cent surge in sales to 7 lakh vehicles in 2024, according to a report by the International Energy Agency (IEA). The IEA’s Global EV Outlook 2025 report points out that the …

India Largest Market For Electric Three-Wheelers: IEA

India continues to be the world's largest market for electric three-wheelers for a second year in a row as sales rose nearly 20% to reach about 7 lakh vehicles in 2024, the International Energy Agency said in a report.In its Global EV Outlook 2025, the Paris-based energy watchdog said India continues to drive most growth in the global electric three-wheeler market.Despite the global three-wheeler market shrinking 5% from the previous year, elect…