FADA Three-Wheeler Retail Sales October 2026: Sales Rise 3.97% YoY to 1.41 Lakh Units; Bajaj Auto Leads
Add CMV360 on GoogleIndia's three-wheeler retail sales grew 3.97% to 1.41 lakh units in October 2026, with Bajaj Auto leading and passenger vehicles driving growth.
By Robin Kumar Attri
Key Highlights
India's three-wheeler retail sales reached 1,41,420 units in October 2026, up 3.97% YoY.
Passenger three-wheelers led the market with 86,582 units, registering 14.54% annual growth.
Goods three-wheeler sales increased 25.42% YoY to 20,215 units.
Passenger e-rickshaw sales declined 25.76% YoY to 27,532 units.
Bajaj Auto remained the market leader with 51,810 units and a 36.64% market share.
India's three-wheeler retail market continued its growth momentum in October 2026, with total sales reaching 1,41,420 units, according to the latest retail data released by the Federation of Automobile Dealers Associations (FADA). Sales increased by 6.68% month-on-month (MoM) compared with 1,32,570 units in September 2026. On a year-on-year (YoY) basis, the industry registered 3.97% growth compared with 1,36,025 units sold in October 2025.
The market's performance was primarily supported by passenger and goods three-wheelers, which recorded positive annual growth. The goods three-wheeler segment emerged as a strong performer with a 25.42% YoY increase, while passenger three-wheelers continued to account for the largest share of overall sales.
However, passenger e-rickshaw sales remained under pressure, declining by 25.76% compared with October last year. On the OEM front, Bajaj Auto retained its leadership position, while Mahindra, TVS Motor and several other manufacturers recorded changes in their market shares.
Overall Three-Wheeler Retail Sales Performance - October 2026
India's three-wheeler industry recorded total retail sales of 1,41,420 units in October 2026. This represented an increase of 8,850 units compared with 1,32,570 units in September 2026, resulting in 6.68% month-on-month growth.
Compared with October 2025, when the industry recorded 1,36,025 units, sales increased by 5,395 units, registering 3.97% annual growth.
Passenger three-wheelers remained the largest contributor to overall industry volumes, followed by passenger e-rickshaws and goods three-wheelers. Meanwhile, the e-rickshaw passenger category witnessed a considerable annual decline.
The following table provides a detailed comparison of three-wheeler retail sales across different categories.
Category | Oct'26 | Sep'26 | Oct'25 | MoM Change | YoY Change |
Total 3W | 1,41,420 | 1,32,570 | 1,36,025 | 6.68% | 3.97% |
E-Rickshaw (Passenger) | 27,532 | 29,522 | 37,087 | -6.74% | -25.76% |
E-Rickshaw with Cart (Goods) | 6,911 | 6,409 | 6,985 | 7.83% | -1.06% |
Three-Wheeler (Goods) | 20,215 | 16,456 | 16,118 | 22.84% | 25.42% |
Three-Wheeler (Passenger) | 86,582 | 80,023 | 75,592 | 8.20% | 14.54% |
Three-Wheeler (Personal) | 180 | 160 | 243 | 12.50% | -25.93% |
Source: FADA Research. October 2026 retail data.
Segment-Wise Three-Wheeler Sales Performance in October 2026
Passenger Three-Wheelers
Passenger three-wheelers continued to dominate India's three-wheeler retail market in October 2026, recording sales of 86,582 units. The segment registered 8.20% month-on-month growth compared with 80,023 units sold in September 2026. On a yearly basis, sales increased by 14.54% from 75,592 units in October 2025.
The strong performance highlights continued demand for three-wheelers used in passenger transportation, particularly for daily commuting and last-mile connectivity. With the highest contribution to overall industry volumes, passenger three-wheelers remained the most important segment for manufacturers during the month.
Three-Wheeler Goods
The goods three-wheeler segment delivered one of the strongest performances in October 2026, recording 20,215 units. Sales increased by 22.84% compared with 16,456 units in September 2026. Compared with October 2025, when sales stood at 16,118 units, the segment registered 25.42% YoY growth.
This growth reflects increasing demand for small commercial three-wheelers used in local transportation, last-mile deliveries, small-business operations and goods distribution. The segment's strong monthly and annual performance made it one of the key contributors to the overall industry's growth.
Passenger E-Rickshaws
Passenger e-rickshaw sales remained under pressure in October 2026. The segment recorded 27,532 units, compared with 29,522 units in September 2026. This represented a 6.74% month-on-month decline. The annual performance was also weaker, with sales falling 25.76% from 37,087 units recorded in October 2025.
The decline indicates that passenger e-rickshaws faced a challenging month compared with other major three-wheeler categories. Despite the reduction in sales, the segment continued to contribute a significant number of units to India's overall three-wheeler market.
E-Rickshaw with Cart (Goods)
E-rickshaws with carts, primarily used for small-scale goods transportation, recorded 6,911 units in October 2026. Sales increased by 7.83% compared with 6,409 units in September 2026. However, the segment registered a marginal 1.06% YoY decline compared with 6,985 units sold in October 2025. The monthly improvement indicates better retail performance, although sales remained slightly below the previous year's level.
Personal Three-Wheelers
The personal three-wheeler category remained the smallest segment of India's three-wheeler market, recording 180 units in October 2026. Sales increased by 12.50% compared with 160 units in September 2026. However, the category registered a 25.93% annual decline from 243 units sold in October 2025. Although the segment recorded positive monthly growth, its overall contribution to the three-wheeler industry remained limited.
OEM-Wise Three-Wheeler Market Share - October 2026
Bajaj Auto continued to lead India's three-wheeler retail market in October 2026, recording 51,810 units and securing a 36.64% market share. Mahindra & Mahindra and its last-mile mobility business followed with a combined 15,918 units and an 11.26% market share. Piaggio Vehicles secured the third position among the listed individual manufacturers, while TVS Motor Company also maintained a notable presence. The following table highlights the performance and market share of leading three-wheeler manufacturers.
Three-Wheeler OEM | Oct'26 Units | Market Share Oct'26 | Oct'25 Units | Market Share Oct'25 |
Bajaj Auto Ltd | 51,810 | 36.64% | 56,440 | 41.49% |
Mahindra & Mahindra Ltd (Total) | 15,918 | 11.26% | 12,830 | 9.43% |
└ Mahindra Last Mile Mobility Ltd | 15,908 | 11.25% | 12,808 | 9.42% |
└ Mahindra & Mahindra Ltd | 10 | 0.01% | 22 | 0.02% |
Piaggio Vehicles Pvt Ltd | 9,833 | 6.95% | 10,416 | 7.66% |
TVS Motor Company Ltd | 8,566 | 6.06% | 5,860 | 4.31% |
Atul Auto Ltd | 3,457 | 2.44% | 3,599 | 2.65% |
YC Electric Vehicle | 2,494 | 1.76% | 3,497 | 2.57% |
Saera Electric Auto Pvt Ltd | 1,805 | 1.28% | 2,263 | 1.66% |
Dilli Electric Auto Pvt Ltd | 1,723 | 1.22% | 1,886 | 1.39% |
Mini Metro EV LLP | 1,436 | 1.02% | 1,131 | 0.83% |
J. S. Auto (P) Ltd | 1,403 | 0.99% | 1,038 | 0.76% |
Others Including EV | 42,975 | 30.39% | 37,065 | 27.25% |
Total | 1,41,420 | 100% | 1,36,025 | 100% |
Source: FADA Research. Mahindra's total includes Mahindra Last Mile Mobility and the separately reported Mahindra & Mahindra Ltd volumes.
Manufacturer-Wise Three-Wheeler Sales Performance
Bajaj Auto
Bajaj Auto retained its position as India's leading three-wheeler manufacturer in October 2026, recording retail sales of 51,810 units.
However, the company's sales declined from 56,440 units in October 2025, representing an 8.20% YoY reduction. Its market share also decreased from 41.49% in October last year to 36.64% in October 2026.
Despite the decline in sales and market share, Bajaj Auto maintained a considerable lead over other manufacturers in the Indian three-wheeler market.
Mahindra and Mahindra Last Mile Mobility
Mahindra & Mahindra Limited recorded combined three-wheeler retail sales of 15,918 units in October 2026, securing an 11.26% market share.
The company recorded 12,830 units in October 2025, meaning its sales increased by approximately 24.07% year-on-year. Its market share also improved from 9.43% to 11.26%.
The majority of the company's October volumes came from Mahindra Last Mile Mobility, which recorded 15,908 units and accounted for an 11.25% market share.
The remaining 10 units were reported under Mahindra & Mahindra Limited separately.
This performance highlights Mahindra's stronger position in India's three-wheeler market compared with the previous year.
Piaggio Vehicles
Piaggio Vehicles Pvt Ltd recorded 9,833 three-wheeler retail sales in October 2026, securing a 6.95% market share. However, the company's sales declined from 10,416 units in October 2025, representing a 5.59% YoY reduction. Its market share also decreased from 7.66% to 6.95%. Despite the decline, Piaggio continued to remain among India's leading three-wheeler manufacturers.
TVS Motor Company
TVS Motor Company recorded 8,566 three-wheeler retail sales in October 2026, accounting for a 6.06% market share. Compared with 5,860 units sold in October 2025, the company registered an impressive 46.18% YoY increase. Its market share also improved from 4.31% to 6.06%, indicating stronger retail performance and an increased contribution to the overall three-wheeler market. TVS Motor was among the manufacturers that recorded significant annual sales growth during the month.
Atul Auto
Atul Auto recorded 3,457 three-wheeler retail sales in October 2026, securing a 2.44% market share. The company sold 3,599 units in October 2025, registering a 3.94% annual decline. Its market share also reduced from 2.65% to 2.44%.
YC Electric Vehicle
YC Electric Vehicle recorded 2,494 units in October 2026, accounting for a 1.76% market share. The company's sales declined from 3,497 units in October 2025, representing a 28.65% YoY reduction. Its market share also decreased from 2.57% to 1.76%. This indicates a weaker annual performance for the electric three-wheeler manufacturer during the month.
Saera Electric Auto and Dilli Electric Auto
Saera Electric Auto Pvt Ltd recorded 1,805 three-wheeler retail sales in October 2026, securing a 1.28% market share. However, its sales declined from 2,263 units in October 2025, while its market share decreased from 1.66% to 1.28%.
Similarly, Dilli Electric Auto Pvt Ltd recorded 1,723 units, accounting for a 1.22% market share. Its sales were lower than the 1,886 units recorded in October 2025, with its market share declining from 1.39%. Both manufacturers recorded lower annual sales during the month.
Mini Metro EV and J. S. Auto Register Growth
Mini Metro EV LLP recorded 1,436 three-wheeler retail sales in October 2026, compared with 1,131 units in October 2025. The company registered approximately 26.97% YoY growth, while its market share increased from 0.83% to 1.02%.
J. S. Auto (P) Ltd also recorded positive growth, with sales increasing to 1,403 units from 1,038 units in October 2025. This represented approximately 35.16% annual growth. Its market share improved from 0.76% to 0.99%. Both manufacturers recorded higher retail volumes than last year, although J. S. Auto remained just below the 1% market-share mark.
Other Manufacturers Account for 30.39% Market Share
Other manufacturers, including electric vehicle OEMs individually accounting for less than 1% market share, collectively recorded 42,975 three-wheeler retail sales in October 2026. Their combined market share stood at 30.39%, compared with 27.25% in October 2025. This highlights the significant contribution of smaller and emerging manufacturers to India's three-wheeler industry. The presence of several companies in this category also reflects the competitive nature of the country's passenger and goods mobility markets.
Market Insight: Passenger and Goods Three-Wheelers Drive October Growth
October 2026 witnessed positive growth in India's three-wheeler retail market, with total sales increasing 3.97% year-on-year to 1,41,420 units. Passenger three-wheelers remained the largest category, recording 86,582 units and registering 14.54% annual growth. The goods three-wheeler segment also delivered a strong performance, with sales increasing 25.42% to 20,215 units. However, passenger e-rickshaw sales declined by 25.76%, while personal three-wheelers recorded a 25.93% annual reduction. E-rickshaws with carts also registered a marginal decline of 1.06%.
Among manufacturers, Bajaj Auto continued to dominate the market, although its market share declined by 4.85 percentage points compared with October 2025. Mahindra and TVS Motor strengthened their positions through higher sales and improved market shares. Meanwhile, Mini Metro EV and J. S. Auto also recorded positive annual growth. Overall, the October performance shows that passenger and goods three-wheelers remained the key growth drivers, while manufacturers continued to face changing competition across conventional and electric three-wheeler categories.
Also Read: Atul Auto October 2026 Sales Rise 4.79% to 4,204 Units; ICE Sales Drive Growth
CMV360 Says
India's three-wheeler retail market recorded steady growth in October 2026, supported mainly by passenger and goods vehicles. While Bajaj Auto maintained its leadership, Mahindra and TVS Motor strengthened their market positions. The 25.42% growth in goods three-wheelers was another positive development. However, the sharp decline in passenger e-rickshaw sales remains a concern. Going forward, changing demand patterns and competition among electric and conventional manufacturers will shape the industry's performance.
Robin Kumar Attri is a content and video professional with 2.7 years of experience in the commercial vehicle d .....
