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FADA reports April 2026 three-wheeler sales at 1.06 lakh units. The market shows a slight MoM dip but strong YoY growth, driven by demand across the passenger and goods segments across India.
By Robin Kumar Attri
Total sales at 1.06 lakh units, down -2.61% MoM, up 7.19% YoY.
The passenger segment leads with a strong 36.48% YoY growth.
The goods segment grows 27.23% YoY, driven by logistics demand.
E-rickshaw passenger sales fall -28.73% YoY.
Bajaj Auto Ltd tops the market with 36.97% share.
India’s three-wheeler market continued to show a dynamic trend in April 2026, reflecting a slight short-term correction but steady yearly growth. According to FADA Research, total retail sales stood at 1,06,908 units, registering a modest decline on a month-on-month (MoM) basis, while growing 7.19% year-on-year (YoY) compared to April 2025.
While demand remained strong across key segments such as passenger carriers and goods transport, the market also witnessed mixed performance among electric vehicle players, indicating rising competition and shifting demand patterns in the EV space.
Also Read: FADA Three-Wheeler Retail Sales March 2026: Sales at 1.09 Lakh Units, Market Shows Mixed Trends
The three-wheeler market recorded 1,06,908 units in April 2026, slightly down from 1,09,777 units in March 2026, but higher than 99,741 units in April 2025.
This reflects a -2.61% month-on-month (MoM) decline, while maintaining a healthy 7.19% year-on-year (YoY) growth.
The data shows that although the market saw a minor monthly slowdown, the overall demand remains strong, especially driven by last-mile mobility and small cargo transport needs across urban and rural India.
Segment | Apr’26 Units | Mar’26 Units | Apr’25 Units | MoM Change | YoY Change |
Total Three-Wheelers | 1,06,908 | 1,09,777 | 99,741 | -2.61% | 7.19% |
E-Rickshaw (Passenger) | 28,154 | 28,946 | 39,504 | -2.74% | -28.73% |
E-Rickshaw with Cart (Goods) | 7,742 | 7,425 | 7,447 | 4.27% | 3.96% |
Three-Wheeler (Goods) | 13,133 | 14,006 | 10,322 | -6.23% | 27.23% |
Three-Wheeler (Passenger) | 57,767 | 59,283 | 42,326 | -2.56% | 36.48% |
Three-Wheeler (Personal) | 112 | 117 | 142 | -4.27% | -21.13% |
Passenger three-wheelers remained the largest segment, with 57,767 units sold in April 2026.
The segment saw a -2.56% MoM decline, but recorded a strong 36.48% YoY growth.
This clearly shows rising demand for affordable public transport and shared mobility, especially in cities and semi-urban areas.
The goods segment registered 13,133 units, witnessing a -6.23% monthly decline, but a solid 27.23% YoY growth.
This growth is mainly supported by e-commerce expansion, local deliveries, and small business logistics, making three-wheelers a key transport solution.
Passenger e-rickshaws recorded 28,154 units, showing a -2.74% MoM drop and a sharp -28.73% YoY decline.
This indicates a significant slowdown in the electric passenger segment, possibly due to policy changes, financing issues, or shifting demand patterns in key markets.
The e-rickshaw goods segment performed better with 7,742 units, registering a 4.27% MoM growth and 3.96% YoY growth.
This reflects steady adoption of electric cargo vehicles, especially for short-distance and low-cost transport needs.
The personal segment remained very small, with just 112 units sold.
It saw a -4.27% MoM decline and a -21.13% YoY drop, indicating limited demand in this category.
April 2026 highlights a mixed trend in the three-wheeler market. While overall sales dipped slightly on a monthly basis, the industry continues to show positive yearly growth, driven mainly by passenger and goods segments.
However, the decline in e-rickshaw passenger sales signals a need for stability in the electric mobility space. Going forward, demand is expected to stay strong, supported by urban transport needs, rural connectivity, and last-mile delivery growth.
India’s three-wheeler market recorded a total of 1,06,908 units in April 2026, compared to 99,741 units in April 2025, reflecting steady growth in overall demand.
The market continues to remain competitive, with leading OEMs strengthening their positions while smaller and EV-focused players face mixed trends.
OEM | Apr’26 Units | Market Share (Apr’26) | Apr’25 Units | Market Share (Apr’25) |
Bajaj Auto Ltd | 39,527 | 36.97% | 32,639 | 32.72% |
Mahindra & Mahindra Limited | 10,855 | 10.15% | 6,278 | 6.29% |
Mahindra Last Mile Mobility Ltd | 10,831 | 10.13% | 6,259 | 6.28% |
Mahindra & Mahindra Ltd (Others) | 24 | 0.02% | 19 | 0.02% |
Piaggio Vehicles Pvt Ltd | 8,078 | 7.56% | 6,363 | 6.38% |
TVS Motor Company Ltd | 5,373 | 5.03% | 3,150 | 3.16% |
Atul Auto Ltd | 2,649 | 2.48% | 2,019 | 2.02% |
YC Electric Vehicle | 1,932 | 1.81% | 3,366 | 3.37% |
Saera Electric Auto Pvt Ltd | 1,388 | 1.30% | 1,793 | 1.80% |
Dilli Electric Auto Pvt Ltd | 1,327 | 1.24% | 1,758 | 1.76% |
J. S. Auto (P) Ltd | 1,078 | 1.01% | 1,206 | 1.21% |
Others (Including EVs) | 34,701 | 32.46% | 41,169 | 41.28% |
Bajaj Auto Ltd remained the clear market leader in April 2026 with 39,527 units, capturing a strong 36.97% market share. The company improved its position compared to last year, driven by its wide portfolio across passenger and cargo three-wheelers.
Mahindra continued to show strong performance across segments.
Mahindra & Mahindra Limited sold 10,855 units, holding a 10.15% share.
Mahindra Last Mile Mobility Ltd closely followed with 10,831 units and a 10.13% share.
Together, Mahindra’s strong presence highlights growing demand for both ICE and electric three-wheelers, especially in last-mile mobility.
Piaggio Vehicles Pvt Ltd recorded 8,078 units, achieving a 7.56% market share. The company maintained steady growth, supported by demand in both cargo and passenger segments.
TVS Motor Company Ltd sold 5,373 units, capturing 5.03% market share. The brand showed strong growth compared to last year, driven by its increasing focus on electric three-wheelers.
Atul Auto Ltd registered 2,649 units with a 2.48% market share. The company maintained stable demand, especially in rural and semi-urban markets.
YC Electric Vehicle recorded 1,932 units, holding a 1.81% share. However, the company saw a noticeable decline compared to last year, indicating rising competition in the e-rickshaw segment.
Saera Electric Auto Pvt Ltd sold 1,388 units, capturing a 1.30% share. The brand experienced a slight decline, reflecting fluctuations in electric passenger vehicle demand.
Dilli Electric Auto Pvt Ltd reported 1,327 units, accounting for 1.24% market share. The company continues to maintain a steady position in the electric three-wheeler space.
J. S. Auto (P) Ltd recorded 1,078 units, holding a 1.01% share. Its performance remained stable with consistent regional demand.
Other manufacturers collectively contributed 34,701 units, accounting for 32.46% market share. This highlights the highly fragmented nature of India’s three-wheeler market, where many smaller and regional players continue to play a key role.
April 2026 data shows that the three-wheeler market continues to grow steadily, led by strong performances from established players like Bajaj Auto and Mahindra Group.
While traditional OEMs are strengthening their dominance, the electric segment is becoming increasingly competitive, leading to mixed performance among smaller EV players.
With rising demand for last-mile mobility, e-commerce logistics, and affordable transport solutions, the overall market outlook remains positive in the coming months.
Overall, April 2026 highlights that India’s three-wheeler market remains on a stable growth trajectory despite minor short-term fluctuations. Strong performance from leading OEMs like Bajaj Auto and Mahindra Group continues to drive the market, especially in passenger and cargo segments.
At the same time, the electric three-wheeler space is becoming more competitive, with some players gaining ground while others face pressure. With increasing demand for last-mile mobility, affordable transport, and e-commerce logistics, the industry is expected to maintain steady momentum in the coming months.
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