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FADA January 2026 three-wheeler sales were at 1,27,134 units. Passenger and goods segments grow, Bajaj Auto leads market share, EV brands expand presence across India’s mobility sector.
By Robin Kumar Attri
Total three-wheeler sales stood at 1,27,134 units.
Overall sales declined 0.50% MoM but grew 18.80% YoY.
Passenger three-wheelers posted 18.18% growth.
Goods three-wheelers surged 26.62% month-on-month.
Bajaj Auto remained the market leader with 35.38% share.
FADA January 2026 three-wheeler sales report shows 1,27,134 units retailed. Passenger and goods segments recorded growth, while e-rickshaw (P) declined. Bajaj Auto led the OEM market share chart.
According to FADA Research, India’s three-wheeler retail market recorded 1,27,134 units in January 2026, compared to 1,27,772 units in December 2025 and 1,07,013 units in January 2025. While the market saw a marginal 0.50% dip on a monthly basis, it registered a healthy 18.80% year-on-year growth, reflecting stable demand in passenger and cargo mobility.
Also Read: FADA Three-Wheeler Retail Sales Report December 2025: Sales Slip 4.61% YoY to 1,27,772 Units
The three-wheeler segment remained steady in January 2026 despite minor monthly pressure. Growth was mainly supported by passenger carriers and goods vehicles, while some electric sub-segments showed mixed performance.
Segment | Jan’26 Units | Dec’25 Units | Jan’25 Units | MoM Change (%) | YoY Change (%) |
Total Three-Wheelers | 1,27,134 | 1,27,772 | 1,07,013 | -0.50 | 18.80 |
E-Rickshaw (Passenger) | 44,456 | 57,478 | 38,822 | -22.66 | 14.51 |
E-Rickshaw with Cart (Goods) | 7,656 | 7,607 | 5,744 | 0.64 | 33.29 |
Three-Wheeler (Goods) | 14,199 | 11,214 | 12,047 | 26.62 | 17.86 |
Three-Wheeler (Passenger) | 60,701 | 51,363 | 50,313 | 18.18 | 20.65 |
Three-Wheeler (Personal) | 122 | 110 | 87 | 10.91 | 40.23 |
Passenger three-wheelers recorded 60,701 units, showing an 18.18% monthly rise and 20.65% annual growth. Strong urban and semi-urban transport demand supported this category.
The goods three-wheelers segment sold 14,199 units, posting a sharp 26.62% growth over December 2025. On a yearly basis, it improved by 17.86%, indicating rising small cargo and last-mile delivery demand.
Passenger e-rickshaws retailed 44,456 units, declining 22.66% compared to December. However, the segment still grew 14.51% year-on-year, showing continued EV acceptance.
Goods e-rickshaws recorded 7,656 units, with a marginal 0.64% growth month-on-month and strong 33.29% YoY growth.
The personal category remained small at 122 units, though it posted healthy annual growth of 40.23%.
OEM | Jan’26 Units | Market Share (%) | Jan’25 Units | Market Share (%) |
Bajaj Auto Ltd | 44,980 | 35.38% | 39,492 | 36.90% |
Piaggio Vehicles Pvt Ltd | 8,543 | 6.72% | 7,906 | 7.39% |
Mahindra & Mahindra Ltd | 8,227 | 6.47% | 6,931 | 6.48% |
Mahindra Last Mile Mobility Ltd | 8,049 | 6.33% | 6,894 | 6.44% |
Mahindra & Mahindra Ltd (Others) | 178 | 0.14% | 37 | 0.03% |
TVS Motor Company Ltd | 5,517 | 4.34% | 2,704 | 2.53% |
Atul Auto Ltd | 3,278 | 2.58% | 2,748 | 2.57% |
Zeniak Innovation India Ltd | 2,422 | 1.91% | 817 | 0.76% |
YC Electric Vehicle | 2,415 | 1.90% | 3,880 | 3.63% |
Dilli Electric Auto Pvt Ltd | 1,916 | 1.51% | 1,925 | 1.80% |
Hooghly Motors Pvt Ltd | 1,696 | 1.33% | 379 | 0.35% |
Saera Electric Auto Pvt Ltd | 1,614 | 1.27% | 2,271 | 2.12% |
Aahana Commerce Pvt Ltd | 1,378 | 1.08% | 391 | 0.37% |
Others (Including EVs) | 45,148 | 35.51% | 37,569 | 35.11% |
Total | 1,27,134 | 100% | 1,07,013 | 100% |
Bajaj Auto led the market with 44,980 units, securing a strong 35.38% market share. The brand maintained leadership due to its solid presence in both passenger and goods three-wheelers.
Piaggio retailed 8,543 units, capturing a 6.72% market share. The company continued steady demand, especially through its Ape range in cargo and passenger segments.
Mahindra & Mahindra sold 8,227 units, holding a 6.47% share. The brand performed consistently across diesel, CNG, and electric three-wheelers.
Mahindra Last Mile Mobility Ltd: Mahindra Last Mile Mobility recorded 8,049 units, accounting for a 6.33% share. Its electric portfolio remained a key contributor in passenger and cargo EV categories.
Mahindra & Mahindra Ltd (Others): This division reported 178 units, with a 0.14% market share, reflecting limited but niche participation.
TVS retailed 5,517 units, achieving a 4.34% share. Growth was supported by expanding electric three-wheeler offerings.
Atul Auto sold 3,278 units, securing a 2.58% market share. The brand continued stable performance in rural and semi-urban markets.
Zeniak recorded 2,422 units, capturing a 1.91% share, reflecting growing acceptance of its electric three-wheelers.
YC Electric retailed 2,415 units, holding a 1.90% market share, maintaining its presence in the affordable EV segment.
Dilli Electric Auto reported 1,916 units, contributing 1.51% share in the electric rickshaw space.
Hooghly Motors sold 1,696 units, achieving a 1.33% market share, driven by regional EV demand.
Saera Electric recorded 1,614 units, accounting for a 1.27% share, maintaining steady participation in the EV segment.
Aahana Commerce retailed 1,378 units, securing a 1.08% market share, reflecting improving EV demand.
Other OEMs together sold 45,148 units, contributing 35.51% of the total market share, indicating a highly competitive and fragmented three-wheeler market.
The above numbers do not include figures from Telangana (TS).
Vehicle retail data has been collated as of 07.02.2026 in collaboration with the Ministry of Road Transport & Highways, Government of India.
Data has been gathered from 1,403 out of 1,462 RTOs across India.
“Others” include OEMs accounting for less than 1% market share.
Source: FADA Research.
January 2026 reflects stability in India’s three-wheeler retail market. While overall volumes remained nearly flat month-on-month, passenger and goods segments supported growth. Electric mobility continues to expand despite short-term fluctuations in e-rickshaw volumes. With improved financing access, policy support, and rising demand for last-mile connectivity, the three-wheeler segment is expected to maintain steady momentum in the coming months.
Also Read: FADA Retail CV Sales January 2026: 1,07,486 Units Sold, Tata Motors Leads the Market
India’s three-wheeler retail market recorded a balanced performance in January 2026 with 1,27,134 units sold. Passenger and goods segments drove growth, while electric categories showed mixed trends. Bajaj Auto retained clear leadership, and EV-focused brands strengthened their presence. The data signals steady recovery and long-term potential for both ICE and electric three-wheelers in India’s evolving mobility landscape.
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