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March 2026 E-3W goods sales show Mahindra leading, Bajaj gaining momentum, and Green Evolve surging. The segment remains competitive, driven by rising demand for last-mile electric cargo mobility
Despite the removal of the auto LPG refuelling cap, commuters face longer waits and higher fares as drivers reduce services due to rising fuel costs and inconsistent LPG supply, leading to fare hikes on several city routes.
Mahindra Last Mile Mobility Limited led the Indian electric commercial vehicle market in FY2026 with a 39.7% L5 segment share, selling over 3.4 lakh EVs to date and launching the new Mahindra UDO with a 200 km range.
Bengaluru faces a severe auto LPG shortage, leading to kilometre-long queues, purchase limits, and protests by autorickshaw drivers. Allegations of overcharging and supply disruption have impacted drivers across Karnataka.
Hero MotoCorp's Surge S32 is the first electric vehicle approved under India's new L2-5 category, allowing it to switch between two-wheeler and three-wheeler modes. The modular vehicle features 40 patents and supports flexible mobility.
The Indian government has extended subsidies for registered e-rickshaws and e-carts to March 2028, with incentives capped at Rs 25,000 per vehicle. The PM E-DRIVE scheme now targets over 39,000 units and has a Rs 10,900 crore fund limit.
Mahindra led Indian e-rickshaw sales from April to February FY2026 with 5,920 units, despite a 39.54% drop. Total market sales fell 30.82% year over year, while Bajaj Auto entered with the Riki P4005 model.
PepsiCo India has launched an EV Green Corridor on the Kosi-Pataudi route, deploying eight electric trucks and converting over 400 distributor vehicles to electric models, with additional CNG vehicles in NCR to reduce emissions.
Piaggio has launched the Apé Xtra LDX with a 230cc engine, 5.5-foot deck, and a 36-month or 1,00,000 km warranty. The company reported 11.3 percent sales growth and announced key leadership changes.
India’s three-wheeler market saw 29% year-over-year growth in February 2026, led by passenger carriers. Goods carriers and electric subsegments also expanded, with exports rising 49% compared to February 2025.
TVS Motor Company has launched TVS KING Ka Vaada 3.0, offering expanded benefits for three-wheeler owners, including insurance coverage, extended warranties, and support for both ICE and EV models in passenger and cargo segments.
Piaggio Vehicles Pvt. Ltd. received an order for over 100 Apé Xtra Bada 700 diesel cargo three-wheelers from HeidelbergCement India, to be deployed across 53 districts in Uttar Pradesh, Madhya Pradesh, and Bihar.
FADA February 2026 three-wheeler retail sales reached 1,17,130 units, showing 24.39% YoY growth despite a monthly decline. Bajaj Auto led the market, while the passenger and goods segments supported overall industry performance.
India electric three-wheeler sales report February 2026 shows Zeniak Innovation leading e-rickshaws and J.S. Auto topping e-carts, highlighting strong growth in passenger and cargo electric mobility segments.
India’s electric passenger three-wheeler (E-3W L5) sales grew in February 2026. Bajaj Auto led registrations, followed by Mahindra Last Mile Mobility and TVS Motor, highlighting steady EV adoption in the last-mile mobility segment.
