India Electric Three-Wheeler Sales Report - February 2026: Zeniak Innovation Leads E-Rickshaw Market While J.S. Auto Dominates E-Cart Segment

Key Highlights

• Zeniak Innovation led the e-rickshaw market in February 2026 with 1,400 units sold.

• Most e-rickshaw OEMs recorded month-on-month sales decline compared to January 2026.

• Aahana Commerce and Zeniak Innovation showed strong year-on-year growth in the e-rickshaw segment.

• J.S. Auto emerged as the top e-cart manufacturer with 493 units sold in February.

• Several e-cart OEMs such as Energy Electric and Saith Motors Electric recorded strong YoY growth, reflecting rising demand for electric cargo mobility.

India’s electric three-wheeler market continued to evolve in early 2026, reflecting both growth opportunities and short-term fluctuations across passenger and cargo segments. According to the Vahan Dashboard (as of March 2, 2026), February data shows that while demand for affordable electric last-mile mobility remains strong across cities and small towns, sales trends varied across manufacturers. The e-rickshaw segment witnessed leadership from key OEMs such as Zeniak Innovation, YC Electric, and Hooghly Motors, though most brands experienced a month-on-month slowdown after January volumes. Meanwhile, the e-cart segment delivered a mixed performance, with some manufacturers posting steady growth while others faced sales pressure. These trends highlight the competitive and rapidly evolving electric three-wheeler market in India as adoption of clean mobility continues to expand.

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

E-Rickshaw Sales Trend by OEM: February 2026 Market Update

India’s electric three-wheeler market continues to play an important role in the country’s growing clean mobility ecosystem. E-rickshaws are widely used for affordable last-mile transportation across cities and small towns.

According to the Vahan Dashboard (as of March 2, 2026), e-rickshaw sales in February 2026 were led by Zeniak Innovation, YC Electric, and Hooghly Motors. While some manufacturers recorded strong year-on-year growth, most OEMs experienced a decline in month-on-month sales compared to January.

E-Rickshaw Sales by OEM - February 2026

Source: Vahan Dashboard (as of Mar 2, 2026)

E-Rickshaw OEMs in February 2026

Zeniak Innovation

Zeniak Innovation emerged as the top-selling e-rickshaw OEM in February 2026, registering 1,400 units. The company recorded a strong 118.4% year-on-year growth compared to 641 units in February 2025. However, sales declined 41.1% month-on-month from 2,378 units sold in January.

YC Electric

YC Electric secured the second position with 1,368 registrations in February 2026. Despite maintaining strong volumes, the brand reported a 53.6% decline year-on-year compared to February 2025. Sales also fell 24.5% month-on-month from January 2026.

Hooghly Motors

Hooghly Motors registered 1,261 e-rickshaws in February. While year-on-year growth data was not available, the company saw a 25.6% decline month-on-month from January’s 1,695 units.

Dilli Electric

Dilli Electric recorded 940 units in February 2026. The OEM experienced a 27.4% drop year-on-year and a 26.3% decline month-on-month, indicating softer market demand compared to previous periods.

Aahana Commerce

Aahana Commerce continued to show strong long-term growth with 911 registrations. The brand posted a significant 170.3% increase year-on-year, though sales were 26.1% lower than in January 2026.

Saera Electric

Saera Electric registered 822 units during the month. The company reported a 54.9% decline year-on-year and a 11.3% drop month-on-month, reflecting reduced demand compared to both the previous year and the prior month.

Fede Industries

Fede Industries sold 722 e-rickshaws in February 2026. Although year-on-year growth data was not specified, the company saw a 35.6% decline in sales compared to January.

Mini Metro

Mini Metro recorded 676 registrations in February. The brand experienced an 18.2% year-on-year decline and a 15% drop month-on-month, showing moderate pressure in the market.

Jajodia Commodities

Jajodia Commodities reported 633 units in February 2026. While year-on-year growth figures were not available, the company saw a 41.2% decline month-on-month from January’s 1,077 units.

Terra Motors

Terra Motors registered 628 e-rickshaws in February. The OEM achieved a 8.5% increase year-on-year, but sales declined 40.1% compared to January 2026.

Overall Market Insight

The February 2026 e-rickshaw market was clearly led by Zeniak Innovation, YC Electric, and Hooghly Motors. While several manufacturers such as Aahana Commerce and Zeniak Innovation recorded strong year-on-year growth, the majority of OEMs saw month-on-month sales declines compared to January 2026.

This trend indicates a short-term market slowdown after January volumes, but the segment continues to remain competitive. With increasing demand for electric last-mile mobility across India, the e-rickshaw market is expected to maintain long-term growth momentum.

Also Read: E-3W Goods L5 Sales Report (February 2026): Mahindra Last Mile Mobility Leads, Green Evolve Sees Strong Growth

E-Cart Sales Trend by OEM: February 2026 Performance Overview

The electric cargo three-wheeler (e-cart) segment in India continued to show dynamic movement in February 2026, with several manufacturers reporting growth while others experienced declines compared with previous months or last year.

According to Vahan Dashboard data (as of March 2, 2026), the market performance varied across OEMs. The data excludes Telangana and is based on 1,459 out of 1,464 RTOs across 35 of 36 states and Union Territories.

In February 2026, J.S. Auto and Dilli Electric emerged as the top two players in the e-cart segment by sales volume.

E-Cart Sales by OEM – February 2026

E-Cart OEM Performance in February 2026

J.S. Auto Leads the Market

J.S. Auto secured the top position in the e-cart market with 493 units sold in February 2026. The company recorded a 66.6% year-on-year growth compared with 296 units in February 2025. Sales also increased 5.8% month-on-month, showing steady market momentum.

Dilli Electric

Dilli Electric reported 294 units during the month. Sales declined from 312 units in January 2026, resulting in a 5.8% MoM drop. On a yearly basis, the brand saw a 16% decline compared with February 2025.

Saera Electric

Saera Electric registered 247 units in February. The company showed moderate growth of 2.9% year-on-year and 3.3% month-on-month, indicating stable demand in the segment.

Energy Electric

Energy Electric sold 244 units, improving from 223 units in January 2026. This translated into a 9.4% MoM growth. The OEM also achieved 41.9% year-on-year growth, reflecting stronger market performance compared with last year.

Vuays Energy Industries

Vuays Energy Industries recorded 191 units in February. Sales declined compared with 208 units in January, resulting in an 8.2% MoM drop. Year-on-year performance also decreased 7.3% compared with February 2025.

Aahana Commerce

Aahana Commerce sold 159 units in February 2026. The company posted an impressive 231.3% year-on-year growth, rising significantly from 48 units in February 2025. Month-on-month sales also improved 8.9%.

Sahjanand E Vehicles

Sahjanand E Vehicles registered 144 units during the month. The brand achieved 17.1% YoY growth, although month-on-month sales remained almost stable with a 1.4% decline.

Atul Auto

Atul Auto recorded 124 units in February. The OEM experienced a 34.4% drop compared with January 2026 and a 29.1% decline year-on-year, indicating slower demand in the segment.

Richford Allianz

Richford Allianz sold 119 units, improving from 102 units in January, which resulted in a 16.7% month-on-month growth. Year-on-year comparison is limited due to a very low base of 13 units in February 2025.

Saith Motors Electric

Saith Motors Electric reported 113 units in February. The company achieved 105.5% year-on-year growth, more than doubling last year’s 55 units. Sales also increased 9.7% compared with January.

Overall Market Insight

The February 2026 e-cart sales trend highlights a competitive market where several OEMs are strengthening their presence. J.S. Auto maintained a clear lead in total sales, while Dilli Electric remained the second-largest player in the segment.

Brands such as Aahana Commerce, Energy Electric, and Saith Motors Electric recorded strong year-on-year growth, indicating increasing adoption of electric cargo vehicles for last-mile delivery and goods transportation.

At the same time, a few manufacturers including Atul Auto and Vuays Energy Industries faced declines compared with previous periods. Despite these fluctuations, the e-cart segment continues to evolve as electric mobility gains wider acceptance across India’s urban and semi-urban logistics markets.

Also Read: Electric Passenger Three-Wheeler (E-3W L5) Sales Grow in February 2026, Bajaj Auto Leads the Market

CMV360 Says

Overall, the February 2026 sales performance highlights the dynamic nature of India’s electric three-wheeler market. While the e-rickshaw segment saw a temporary slowdown compared to January volumes, the presence of strong year-on-year growth among select OEMs indicates sustained long-term demand for affordable passenger mobility. At the same time, the e-cart segment continued to demonstrate steady expansion, driven by increasing adoption of electric cargo vehicles for last-mile delivery and goods transport. As electric mobility gains stronger acceptance across urban and semi-urban regions, competition among OEMs is expected to intensify, supporting further innovation and growth in the sector throughout 2026.