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

Key Highlights

• Bajaj Auto leads the E-3W passenger segment with strong annual and monthly growth.

• Mahindra Last Mile Mobility records healthy YoY expansion despite MoM decline.

• TVS Motor maintains a stable third position in the market.

• Omega Seiki posts the highest YoY growth among all OEMs.

• The overall market shows long-term growth with short-term monthly corrections.

India’s electric passenger three-wheeler (E-3W L5) segment recorded strong year-on-year growth in January 2026, even as month-on-month performance remained mixed across manufacturers. According to 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 reflects registrations from 1,402 out of 1,462 RTOs, covering 35 of 36 states and Union Territories. Telangana data is not included.

Also Read: Electric Passenger Three-Wheeler L5 Sales Report (December 2025): Bajaj, Mahindra, and TVS Lead the Market

Overall E-3W Passenger Market Trend – January 2026

The electric passenger three-wheeler market showed healthy annual expansion, highlighting growing EV adoption across urban and semi-urban areas. However, several OEMs experienced short-term monthly corrections, indicating demand normalization after higher registrations in the previous month.

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

Brand-Wise Electric Passenger 3W Performance

Bajaj Auto

Bajaj Auto remained the largest electric passenger three-wheeler manufacturer in January 2026 with 7,853 registrations. The company posted a strong 61.1% year-on-year growth, reinforcing its leadership position. On a month-on-month basis, Bajaj recorded a 13.3% increase, reflecting renewed demand momentum.

Mahindra Last Mile Mobility

Mahindra Last Mile Mobility registered 6,309 units during the month. The company achieved a solid 26.2% YoY growth, underlining steady annual performance. However, registrations declined 5.1% MoM, indicating a slight monthly slowdown.

TVS Motor

TVS Motor secured the third position with 2,561 registrations in January 2026. While the company does not have a comparable YoY base, it recorded a 9.6% month-on-month decline, suggesting stable but cautious market movement.

Piaggio Vehicles

Piaggio Vehicles registered 866 units in January. The brand reported a 39.4% YoY drop and a 30.2% MoM decline, reflecting pressure on its electric passenger three-wheeler portfolio.

Ti Clean Mobility

Ti Clean Mobility posted 570 registrations, showing a 1.8% year-on-year increase. However, sales slipped 11.4% month-on-month, indicating uneven short-term demand.

Omega Seiki

Omega Seiki emerged as the fastest-growing OEM in the segment. With 504 registrations, the company recorded a massive 110% YoY growth and a 14% MoM increase, highlighting strong traction and expanding market presence.

Market Outlook

January 2026 data confirms that India’s electric passenger three-wheeler market continues on a positive long-term growth path. While monthly fluctuations persist, rising registrations, expanding OEM participation, and increasing acceptance of electric mobility solutions are strengthening the segment’s foundation.

Also Read: India’s Electric Bus Sales Decline in January 2026: OEM-wise Performance and Market Share

CMV360 Says

India’s electric passenger three-wheeler market showed strong annual growth in January 2026, despite some month-on-month corrections. Bajaj Auto continued to lead the segment, followed by Mahindra Last Mile Mobility and TVS Motor. Omega Seiki stood out with the highest growth rate, indicating rising competition. Overall, increasing EV adoption and demand for affordable last-mile mobility solutions keep the E-3W passenger segment on a steady growth path.