FADA Three-Wheeler Retail Sales Report January 2026: Sales at 1,27,134 Units, Passenger Segment Drives Growth

Key Highlights

• 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

Overall Three-Wheeler Market Performance - January 2026

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-Wise Three-Wheeler Sales Breakdown - January 2026

Segment Analysis

Passenger Three-Wheelers

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.

Goods Three-Wheelers

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.

E-Rickshaw (Passenger)

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.

E-Rickshaw with Cart

Goods e-rickshaws recorded 7,656 units, with a marginal 0.64% growth month-on-month and strong 33.29% YoY growth.

Personal Three-Wheelers

The personal category remained small at 122 units, though it posted healthy annual growth of 40.23%.

Also Read: Electric Three-Wheeler Sales Report – January 2026: Zeniak Innovation, J.S. Auto & YC Electric Drive Market Momentum

OEM-Wise Three-Wheeler Market Share - January 2026

OEM Performance Insights - January 2026 (Brand-Wise)

Bajaj Auto Ltd

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 Vehicles Pvt Ltd

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 Ltd

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 Motor Company Ltd

TVS retailed 5,517 units, achieving a 4.34% share. Growth was supported by expanding electric three-wheeler offerings.

Atul Auto Ltd

Atul Auto sold 3,278 units, securing a 2.58% market share. The brand continued stable performance in rural and semi-urban markets.

Zeniak Innovation India Ltd

Zeniak recorded 2,422 units, capturing a 1.91% share, reflecting growing acceptance of its electric three-wheelers.

YC Electric Vehicle

YC Electric retailed 2,415 units, holding a 1.90% market share, maintaining its presence in the affordable EV segment.

Dilli Electric Auto Pvt Ltd

Dilli Electric Auto reported 1,916 units, contributing 1.51% share in the electric rickshaw space.

Hooghly Motors Pvt Ltd

Hooghly Motors sold 1,696 units, achieving a 1.33% market share, driven by regional EV demand.

Saera Electric Auto Pvt Ltd

Saera Electric recorded 1,614 units, accounting for a 1.27% share, maintaining steady participation in the EV segment.

Aahana Commerce Pvt Ltd

Aahana Commerce retailed 1,378 units, securing a 1.08% market share, reflecting improving EV demand.

Others (Including EV Brands)

Other OEMs together sold 45,148 units, contributing 35.51% of the total market share, indicating a highly competitive and fragmented three-wheeler market.

Data Notes & Disclaimer

• 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.

Market Outlook

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

CMV360 Says

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.