India’s electric three-wheeler retail sales surged 40 per cent year-on-year in September to 86,024 units, according to the Federation of Automobile Dealers Associations (FADA).The segment’s share of the overall three-wheeler market rose to 64.9 per cent, from 56.7 per cent a year earlier. Nearly two in every three three-wheelers sold in India are now electric.Bajaj Auto topped the electric three-wheeler chart in September, followed by the Mahindra Group and TVS Motor Company. FADA’s data was compiled from 1,468 of 1,469 regional transport offices.Experts attribute the growth to lower running costs, better vehicle performance and an expanding charging network.

FADA president Sai Giridhar also credited festival demand and support from the PM E-DRIVE scheme and state policies.Overall EV retail hit a record 3,33,634 units in September, up 74 per cent year-on-year. Electric two-wheelers rose 89 per cent and electric cars nearly 95 per cent. Analysts expect the next leg of three-wheeler EV growth to be more gradual.