E-Rickshaw Sales January 2026: 52,088 Units, Zeniak Innovation India Tops a Fragmented Market
Every e-rickshaw registered in India in January 2026, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How January went
India registered 52,088 e-rickshaws in January 2026, +16.9% on January 2025 and −19.9% on December 2025.
Across the 1 completed month of 2026 to January, 52,088 e-rickshaws have been registered, +16.9% on the same months of 2025.
Monthly e-rickshaw registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
E-Rickshaw market share, January 2026
Zeniak Innovation India led the month with 2,422 registrations — 4.6% of the e-rickshaw market — ahead of YC Electric on 1,963 (3.8%), a gap of 459 units. Zeniak Innovation India also led December.
Zeniak Innovation India has gained the most share against January 2025, +2.82pp to 4.6%; YC Electric has lost the most, −4.90pp to 3.8%.
The top three hold 11.7% of the segment; 516 manufacturers registered at least one e-rickshaw.
Top 10 e-rickshaw makers, January 2026
E-rickshaw registrations only — every other vehicle type these companies make is excluded.
Share is of every e-rickshaw registered in the month. MoM and YoY compare each maker's own volume; the last column is its change in share of the segment.
| # | Manufacturer | Jan 2026 | Share | MoM | YoY | Share vs Jan 2025 |
|---|---|---|---|---|---|---|
| 1 | Zeniak Innovation India | 2,422 | 4.6% | −40.5% | +197.5% | +2.82pp |
| 2 | YC Electric | 1,963 | 3.8% | −27.5% | −49.2% | −4.90pp |
| 3 | Hooghly Motors | 1,696 | 3.3% | −38.1% | +347.5% | +2.41pp |
| 4 | Dilli Electric | 1,588 | 3.0% | −18.9% | −12.7% | −1.04pp |
| 5 | Aahana Commerce | 1,378 | 2.6% | −33.0% | +252.4% | +1.77pp |
| 6 | Fede Industries | 1,185 | 2.3% | −34.5% | +385.7% | +1.73pp |
| 7 | Saera Electric | 1,163 | 2.2% | −19.0% | −48.7% | −2.86pp |
| 8 | Jajodia Commodities | 1,132 | 2.2% | −33.1% | +405.4% | +1.67pp |
| 9 | Terra Motors India | 1,050 | 2.0% | −32.7% | +65.4% | +0.59pp |
| 10 | J. S. Auto | 1,027 | 2.0% | +0.6% | +11.3% | −0.10pp |
| 11 | Big Bull Trader | 889 | 1.7% | −26.0% | +136.4% | +0.86pp |
| 12 | Mini Metro EV | 888 | 1.7% | −18.5% | −12.9% | −0.58pp |
| 13 | Energy Electric Vehicles | 887 | 1.7% | −7.3% | −11.8% | −0.55pp |
| 14 | Vani Electric Vehicles | 796 | 1.5% | −40.9% | +65.5% | +0.45pp |
| 15 | Move Stone Services | 772 | 1.5% | −27.3% | +224.4% | +0.95pp |
| All others (501 makers) | 33,252 | 63.8% |
Exact: Vahan's maker x month table filtered to battery-electric fuels (PURE EV, ELECTRIC(BOV)) and the segment's vehicle classes — not a company total multiplied by anything.
Who is gaining
Monthly share of the e-rickshaw market for the six largest makers this month, over the last 15 completed months.
E-Rickshaw market share by month
Share of the segment each month, in per cent.
Market share, 2026 to January
The same table over 2026 to January, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Zeniak Innovation India | 2,422 | 4.65% | +2.82pp | +197.5% |
| 2 | YC Electric | 1,963 | 3.77% | −4.90pp | −49.2% |
| 3 | Hooghly Motors | 1,696 | 3.26% | +2.41pp | +347.5% |
| 4 | Dilli Electric | 1,588 | 3.05% | −1.04pp | −12.7% |
| 5 | Aahana Commerce | 1,378 | 2.65% | +1.77pp | +252.4% |
| 6 | Fede Industries | 1,185 | 2.27% | +1.73pp | +385.7% |
| 7 | Saera Electric | 1,163 | 2.23% | −2.86pp | −48.7% |
| 8 | Jajodia Commodities | 1,132 | 2.17% | +1.67pp | +405.4% |
| 9 | Terra Motors India | 1,050 | 2.02% | +0.59pp | +65.4% |
| 10 | J. S. Auto | 1,027 | 1.97% | −0.10pp | +11.3% |
| 11 | Big Bull Trader | 889 | 1.71% | +0.86pp | +136.4% |
| 12 | Mini Metro EV | 888 | 1.70% | −0.58pp | −12.9% |
| 13 | Energy Electric Vehicles | 887 | 1.70% | −0.55pp | −11.8% |
| 14 | Vani Electric Vehicles | 796 | 1.53% | +0.45pp | +65.5% |
| 15 | Move Stone Services | 772 | 1.48% | +0.95pp | +224.4% |
Frequently asked questions
How many e-rickshaws were sold in India in January 2026?
Which company sold the most e-rickshaws in January 2026?
What is the e-rickshaw market share of each brand?
How are these numbers measured?
E-Rickshaw sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
