FADA Three-Wheeler Retail Sales September 2026: Sales Jump 22.25% YoY to 1.33 Lakh Units, Bajaj Auto Leads

Key Highlights

• India’s three-wheeler retail sales reached 1,32,570 units in September 2026, up 8.41% month-on-month and 22.25% year-on-year.

• Three-wheeler passenger vehicles remained the largest segment with 80,023 units, registering 37.64% YoY growth.

• Three-wheeler goods sales recorded the strongest growth at 63.48% YoY, reaching 16,456 units.

• Passenger e-rickshaw sales declined 13.35% YoY to 29,522 units, although they increased 2.45% MoM.

• Bajaj Auto retained the top position with 46,680 units and a 35.21% market share.

• Mahindra, Piaggio and TVS Motor followed Bajaj Auto, while Mahindra strengthened its market share to 11.50%.

India’s three-wheeler retail market recorded strong growth in September 2026, with total sales reaching 1,32,570 units, according to the latest retail data from the Federation of Automobile Dealers Associations (FADA).

The September performance was significantly better than the 1,08,444 units sold in September 2025, resulting in a 22.25% year-on-year growth. On a monthly basis, sales also increased 8.41% from 1,22,281 units in August 2026.

The market was supported mainly by passenger and goods three-wheelers. While passenger three-wheelers remained the largest category, goods three-wheelers posted the highest annual growth among the major segments.

Also Read: FADA Three-Wheeler Retail Sales Report - August 2026: Sales Reach 1.22 Lakh Units as Bajaj Auto Retains Market Leadership

Overall Three-Wheeler Market Performance - September 2026

Three-wheeler retail sales increased from 1,22,281 units in August 2026 to 1,32,570 units in September 2026, representing an 8.41% month-on-month rise. Compared with September 2025, when the industry recorded 1,08,444 units, sales increased by 22.25%. This indicates continued demand for three-wheelers across passenger mobility, last-mile transportation and goods delivery applications.

Segment-Wise Three-Wheeler Sales Performance

Passenger Three-Wheelers

Passenger three-wheelers remained the largest category in September 2026, with 80,023 units retailed. Sales increased 10.14% compared with 72,657 units in August 2026.

The segment also registered a strong 37.64% YoY growth compared with 58,138 units sold in September 2025. The increase highlights continued demand for affordable passenger transportation and last-mile mobility solutions.

Goods Three-Wheeler

The goods three-wheeler segment delivered the strongest year-on-year growth among the major categories. Sales stood at 16,456 units in September 2026, compared with 14,614 units in August and 10,066 units in September 2025. This translates into 12.60% MoM growth and 63.48% YoY growth.

The sharp annual increase points towards stronger demand for small cargo carriers used in last-mile deliveries, local distribution and small-business logistics.

Passenger E-Rickshaw

Passenger e-rickshaw sales stood at 29,522 units in September 2026. The category grew 2.45% from 28,816 units in August.

However, compared with September 2025, sales declined 13.35% from 34,071 units. Despite the annual decline, passenger e-rickshaws continued to account for a substantial portion of India's three-wheeler retail market.

E-Rickshaw with Cart

E-rickshaws with carts, mainly used for goods transportation, recorded 6,409 units in September 2026.

Sales increased 6.30% month-on-month from 6,029 units in August and were also up 6.25% compared with 6,032 units in September 2025.

Personal Three-Wheeler

The personal three-wheeler category remained the smallest segment, with 160 units retailed in September 2026.

Sales declined 3.03% from 165 units in August but increased 16.79% year-on-year from 137 units recorded in September 2025.

OEM-Wise Three-Wheeler Market Share - September 2026

Bajaj Auto continued to dominate India's three-wheeler retail market in September 2026, while Mahindra strengthened its position with a higher market share. Piaggio Vehicles and TVS Motor also maintained significant positions.

Bajaj Auto

Bajaj Auto remained India's largest three-wheeler manufacturer in retail sales during September 2026. The company retailed 46,680 units, giving it a 35.21% market share. Its sales increased from 43,448 units in September 2025, translating into around 7.44% YoY growth. However, Bajaj Auto's market share declined from 40.06% a year earlier to 35.21%. Despite this reduction, the company maintained a significant lead over the rest of the market.

Compared with August 2026, when Bajaj Auto recorded 42,605 units, its September sales increased by about 9.57%.

Mahindra

Mahindra & Mahindra Limited recorded 15,242 units in September 2026 and secured an 11.50% market share. The company sold 8,910 units in September 2025, meaning its retail sales increased by around 71.10% YoY. Its market share also increased from 8.22% to 11.50%. The majority of Mahindra's September volume came from Mahindra Last Mile Mobility, which recorded 15,221 units and held an 11.48% share. Mahindra's performance also improved over August 2026, when the company recorded 13,381 units.

Piaggio

Piaggio Vehicles Pvt Ltd retailed 9,185 three-wheelers in September 2026, giving it a 6.93% market share. Its sales increased from 6,181 units in September 2025, resulting in nearly 48.60% YoY growth. Market share also improved from 5.70% to 6.93%. The company also recorded higher sales compared with August 2026, when it retailed 8,426 units.

TVS Motor

TVS Motor Company retailed 7,740 units in September 2026 and held a 5.84% market share. Sales increased from 4,768 units in September 2025, representing approximately 62.29% YoY growth. Its market share also rose from 4.40% to 5.84%. Compared with August 2026, TVS Motor's sales increased from 7,139 units.

Atul Auto

Atul Auto recorded 2,982 units in September 2026 and held a 2.25% market share. The company sold 2,368 units in September 2025, registering around 25.93% YoY growth. Its market share increased marginally from 2.18% to 2.25%.

YC Electric Vehicle

YC Electric Vehicle recorded 2,355 units in September 2026, accounting for a 1.78% market share. The company's sales declined from 3,208 units in September 2025, resulting in a 26.62% YoY decline. Its market share also dropped from 2.96% to 1.78%. However, sales improved from 2,208 units recorded in August 2026.

Saera and Dilli Electric Auto

Saera Electric Auto Pvt Ltd retailed 1,804 units in September 2026, with a 1.36% market share. Its sales increased from 1,625 units a year earlier, although its market share declined slightly from 1.50%.

Dilli Electric Auto Pvt Ltd recorded 1,711 units, holding a 1.29% market share. Sales were higher than the 1,535 units recorded in September 2025, while its market share declined from 1.42%.

Mini Metro EV and J. S. Auto Register Growth

Mini Metro EV LLP recorded 1,437 units in September 2026, compared with 970 units in September 2025. Its market share increased from 0.89% to 1.08%.

J. S. Auto (P) Ltd retailed 1,397 units, up from 866 units a year earlier. Its market share increased from 0.80% to 1.05%.

Both companies also remained above the 1% market-share mark in September 2026.

Other Manufacturers Hold 31.71% Market Share

Other manufacturers, including electric vehicle OEMs individually accounting for less than 1% market share, collectively recorded 42,037 units in September 2026.

Their combined market share stood at 31.71%, compared with 31.87% in September 2025.

The sizeable contribution from these manufacturers shows that India's three-wheeler market remains highly competitive, with several smaller and emerging EV players contributing significantly to overall retail volumes.

Market Insight

September 2026 was a strong month for India's three-wheeler retail industry. Total sales crossed 1.32 lakh units, with both monthly and annual growth remaining firmly positive.

The biggest highlight was the performance of conventional passenger and goods three-wheelers. Passenger three-wheelers grew 37.64% YoY, while goods three-wheelers delivered an even stronger 63.48% annual increase.

At the same time, passenger e-rickshaws remained under pressure on a yearly basis, declining 13.35%. This contrast suggests that demand within the three-wheeler market is shifting across different applications and powertrain categories.

On the OEM front, Bajaj Auto continued to lead, but its market share fell from 40.06% to 35.21%. Mahindra recorded one of the most significant improvements, while Piaggio and TVS Motor also strengthened their market positions.

Also Read: FADA CV Retail Sales September 2026: Commercial Vehicle Sales Jump 37.62% YoY to 1.03 Lakh Units; Tata Motors Leads

CMV360 Says

India's three-wheeler market delivered a strong performance in September 2026, with retail sales rising 22.25% YoY to 1,32,570 units. The growth was led by passenger and goods three-wheelers, with the goods segment emerging as the fastest-growing major category. Bajaj Auto remained firmly at the top with a 35.21% market share, but the decline in its share compared with last year shows that competition is becoming stronger. Mahindra, Piaggio and TVS Motor all recorded notable gains in sales and market presence. Meanwhile, the 13.35% YoY decline in passenger e-rickshaw sales remains an important trend to watch. As India's last-mile mobility market continues to evolve, the balance between conventional three-wheelers and electric mobility could become increasingly important in the months ahead.