Electric Three-Wheeler Sales January 2026: Bajaj Auto Leads With 35.3% Share
Every electric three-wheeler 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 23,918 electric three-wheelers in January 2026, +53.2% on January 2025 and +1.3% on December 2025.
Across the 1 completed month of 2026 to January, 23,918 electric three-wheelers have been registered, +53.2% on the same months of 2025.
Monthly electric three-wheeler registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Three-Wheeler market share, January 2026
Bajaj Auto led the month with 8,454 registrations — 35.3% of the electric three-wheeler market — ahead of Mahindra Last Mile on 6,776 (28.3%), a gap of 1,678 units. Bajaj Auto also led December.
TVS Motor has gained the most share against January 2025, +10.67pp to 11.5%; Piaggio has lost the most, −6.74pp to 3.9%.
The top three hold 75.2% of the segment; 83 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, January 2026
Electric three-wheeler registrations only — every other vehicle type these companies make is excluded.
Share is of every electric three-wheeler 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 | Bajaj Auto | 8,454 | 35.3% | +12.3% | +55.2% | +0.46pp |
| 2 | Mahindra Last Mile | 6,776 | 28.3% | −6.4% | +23.9% | −6.68pp |
| 3 | TVS Motor | 2,755 | 11.5% | −8.4% | +1971.4% | +10.67pp |
| 4 | Piaggio | 929 | 3.9% | −30.9% | −44.0% | −6.74pp |
| 5 | Omega Seiki | 880 | 3.7% | +15.9% | +44.0% | −0.23pp |
| 6 | Ti Clean Mobility | 629 | 2.6% | −12.3% | +12.5% | −0.95pp |
| 7 | YC Electric | 452 | 1.9% | +82.3% | +2725.0% | +1.79pp |
| 8 | Saera Electric | 450 | 1.9% | +0.9% | +22400.0% | +1.87pp |
| 9 | Euler Motors | 401 | 1.7% | −3.6% | +19.0% | −0.48pp |
| 10 | Atul Auto | 340 | 1.4% | +15.3% | +211.9% | +0.72pp |
| 11 | Dilli Electric | 328 | 1.4% | +55.5% | +218.4% | +0.71pp |
| 12 | Atul Greentech | 147 | 0.6% | −0.7% | −4.5% | −0.37pp |
| 13 | Green Evolve | 141 | 0.6% | +11.9% | +605.0% | +0.46pp |
| 14 | Mini Metro EV | 120 | 0.5% | +224.3% | +990.9% | +0.43pp |
| 15 | J. S. Auto | 105 | 0.4% | +2.9% | +3400.0% | +0.42pp |
| All others (68 makers) | 1,011 | 4.2% |
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 electric three-wheeler market for the six largest makers this month, over the last 15 completed months.
Electric Three-Wheeler 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 | Bajaj Auto | 8,454 | 35.35% | +0.46pp | +55.2% |
| 2 | Mahindra Last Mile | 6,776 | 28.33% | −6.68pp | +23.9% |
| 3 | TVS Motor | 2,755 | 11.52% | +10.67pp | +1971.4% |
| 4 | Piaggio | 929 | 3.88% | −6.74pp | −44.0% |
| 5 | Omega Seiki | 880 | 3.68% | −0.23pp | +44.0% |
| 6 | Ti Clean Mobility | 629 | 2.63% | −0.95pp | +12.5% |
| 7 | YC Electric | 452 | 1.89% | +1.79pp | +2725.0% |
| 8 | Saera Electric | 450 | 1.88% | +1.87pp | +22400.0% |
| 9 | Euler Motors | 401 | 1.68% | −0.48pp | +19.0% |
| 10 | Atul Auto | 340 | 1.42% | +0.72pp | +211.9% |
| 11 | Dilli Electric | 328 | 1.37% | +0.71pp | +218.4% |
| 12 | Atul Greentech | 147 | 0.61% | −0.37pp | −4.5% |
| 13 | Green Evolve | 141 | 0.59% | +0.46pp | +605.0% |
| 14 | Mini Metro EV | 120 | 0.50% | +0.43pp | +990.9% |
| 15 | J. S. Auto | 105 | 0.44% | +0.42pp | +3400.0% |
Frequently asked questions
How many electric three-wheelers were sold in India in January 2026?
Which company sold the most electric three-wheelers in January 2026?
What is the electric three-wheeler market share of each brand?
How are these numbers measured?
Electric Three-Wheeler 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.
