Third Battle of Panipat was fought between:

The Third Battle of Panipat, a pivotal event in Indian history, was fought in 1761 between the Maratha Empire and the invading Afghan forces led by Ahmad Shah Durrani. The battle resulted in a devastating defeat for the Marathas, significantly weakening their power and paving the way for the eventual rise of the British East India Company. It was a clash for supremacy over the Indian subcontinent.

• Options like Mughal Empire & Marathas, Marathas & Sikhs, or Mughals & Rajputs represent other historical conflicts, but the Third Battle of Panipat specifically involved the Marathas and the Afghan invaders.