Electric Passenger Three-Wheeler (E-3W L5) Sales Grow in March 2026, Bajaj Auto Leads the Market

Key Highlights

• Bajaj Auto leads the E-3W passenger segment with strong YoY and steady MoM growth.

• Mahindra Last Mile Mobility shows impressive growth both annually and monthly.

• TVS Motor Company strengthens its third position with solid monthly gains.

• Piaggio Vehicles faces YoY decline but sees positive MoM recovery.

• The segment continues strong annual growth with mixed monthly performance across brands.

India’s electric passenger three-wheeler (E-3W L5) segment maintained strong momentum in March 2026, driven by rising demand for cost-effective last-mile mobility solutions. As per the latest Vahan Dashboard data, Bajaj Auto, Mahindra Last Mile Mobility, and TVS Motor emerged as the top three OEMs in terms of registrations.

The data is based on registrations from 1,459 out of 1,464 RTOs, covering 35 out of 36 states and UTs. Telangana data is not included, and figures are sourced as of April 2, 2026.

The segment recorded strong year-on-year (YoY) growth compared to March 2025, while month-on-month (MoM) trends remained mixed, reflecting short-term demand fluctuations.

Also Read: Electric Passenger Three-Wheeler (E-3W L5) Sales Grow in February 2026, Bajaj Auto Leads the Market

Overall E-3W Passenger Market Trend – March 2026

India’s electric passenger three-wheeler market continues to expand as fleet operators and small businesses increasingly adopt EVs for urban and semi-urban transport.

Strong YoY growth across most OEMs highlights increasing acceptance of electric mobility. However, MoM performance varies, indicating demand adjustments after previous months’ sales spikes.

Electric Passenger Three-Wheeler (E-3W L5) Sales – March 2026

Brand-Wise Electric Passenger 3W Performance

Bajaj Auto

Market leader Bajaj Auto registered 8,327 units in March 2026. The company posted 75.2% YoY growth along with 2.8% MoM growth, continuing its dominance in the segment.

Mahindra Last Mile Mobility

Mahindra Last Mile Mobility closely followed with 8,286 registrations. The company recorded 55.5% YoY growth and a strong 22.1% MoM increase, showing aggressive expansion.

TVS Motor

TVS Motor secured the third position with 2,770 units. The company saw a healthy 16.5% MoM growth, strengthening its foothold in the market.

Piaggio Vehicles

Piaggio Vehicles registered 957 units. While it faced a 21.8% YoY decline, it achieved 7.9% MoM growth, indicating recovery momentum.

Omega Seiki

Omega Seiki recorded 503 units, delivering an impressive 80.3% YoY growth, though it saw a slight 5.3% MoM decline.

TI Clean Mobility

TI Clean Mobility posted 420 registrations, with a 21.9% YoY decline and 10.1% MoM drop, reflecting weaker demand during the month.

Market Outlook

The March 2026 data highlights the continued rise of electric passenger three-wheelers in India’s mobility ecosystem. Strong YoY growth from key players signals growing EV adoption, especially in last-mile transport and shared mobility.

While MoM trends differ across OEMs, the segment remains supported by lower operating costs, increasing awareness, and government incentives. Competition is expected to intensify as more players expand their EV portfolios.

Also Read: India Electric Three-Wheeler Sales Report - March 2026: YC Electric Leads E-Rickshaw Segment as J.S. Auto Tops E-Cart Market Amid Mixed Trends

CMV360 Says

India’s electric passenger three-wheeler market stayed on a strong growth path in March 2026. Bajaj Auto retained its leadership, while Mahindra Last Mile Mobility is closing the gap rapidly. Despite mixed monthly trends, the segment’s future looks promising with steady EV adoption across the country.