Electric Three-Wheeler Sales May 2026: Bajaj Auto Leads With 34.3% Share
Every electric three-wheeler registered in India in May 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 May went
India registered 35,421 electric three-wheelers in May 2026, +102.0% on May 2025 and +21.3% on April.
Across the 5 completed months of 2026 to May, 1,40,555 electric three-wheelers have been registered, +76.1% 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, May 2026
Bajaj Auto led the month with 12,141 registrations — 34.3% of the electric three-wheeler market — ahead of Mahindra Last Mile on 10,808 (30.5%), a gap of 1,333 units. That is a change at the top: Mahindra Last Mile led April.
YC Electric has gained the most share against May 2025, +2.59pp to 2.6%; Mahindra Last Mile has lost the most, −3.76pp to 30.5%.
The top three hold 75.5% of the segment; 104 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, May 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 | May 2026 | Share | MoM | YoY | Share vs May 2025 |
|---|---|---|---|---|---|---|
| 1 | Bajaj Auto | 12,141 | 34.3% | +25.2% | +90.7% | −2.02pp |
| 2 | Mahindra Last Mile | 10,808 | 30.5% | +10.0% | +79.8% | −3.76pp |
| 3 | TVS Motor | 3,798 | 10.7% | +17.7% | +135.6% | +1.53pp |
| 4 | Piaggio | 1,269 | 3.6% | +6.4% | +21.8% | −2.36pp |
| 5 | YC Electric | 934 | 2.6% | +30.6% | +11575.0% | +2.59pp |
| 6 | Saera Electric | 769 | 2.2% | +25.4% | +6890.9% | +2.11pp |
| 7 | Dilli Electric | 671 | 1.9% | +48.8% | +916.7% | +1.52pp |
| 8 | Omega Seiki | 627 | 1.8% | +29.8% | +33.4% | −0.91pp |
| 9 | Mini Metro EV | 601 | 1.7% | +56.1% | +3656.2% | +1.61pp |
| 10 | Euler Motors | 477 | 1.3% | +1.7% | +33.2% | −0.69pp |
| 11 | Ti Clean Mobility | 425 | 1.2% | +16.4% | −14.3% | −1.63pp |
| 12 | Unique International Ev | 305 | 0.9% | +34.4% | +10066.7% | +0.84pp |
| 13 | Daksh Industry | 238 | 0.7% | +46.0% | +11800.0% | +0.66pp |
| 14 | Atul Auto | 202 | 0.6% | +23.2% | +132.2% | +0.07pp |
| 15 | Khalsae-Vehicles | 186 | 0.5% | +73.8% | +541.4% | +0.36pp |
| All others (89 makers) | 1,970 | 5.6% |
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 May
The same table over 2026 to May, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Bajaj Auto | 47,955 | 34.12% | −0.32pp | +74.5% |
| 2 | Mahindra Last Mile | 43,655 | 31.06% | −3.94pp | +56.3% |
| 3 | TVS Motor | 15,264 | 10.86% | +5.85pp | +281.5% |
| 4 | Piaggio | 5,501 | 3.91% | −4.21pp | −15.2% |
| 5 | Omega Seiki | 3,731 | 2.65% | −1.34pp | +17.0% |
| 6 | YC Electric | 3,168 | 2.25% | +2.21pp | +9800.0% |
| 7 | Saera Electric | 2,860 | 2.03% | +1.99pp | +7844.4% |
| 8 | Ti Clean Mobility | 2,434 | 1.73% | −1.56pp | −7.2% |
| 9 | Dilli Electric | 2,237 | 1.59% | +1.07pp | +435.2% |
| 10 | Euler Motors | 2,153 | 1.53% | −0.64pp | +24.3% |
| 11 | Mini Metro EV | 1,480 | 1.05% | +0.99pp | +2746.2% |
| 12 | Atul Auto | 1,379 | 0.98% | +0.33pp | +165.2% |
| 13 | Daksh Industry | 812 | 0.58% | +0.55pp | +3590.9% |
| 14 | Unique International Ev | 723 | 0.51% | +0.51pp | +11950.0% |
| 15 | Green Evolve | 610 | 0.43% | +0.17pp | +186.4% |
Frequently asked questions
How many electric three-wheelers were sold in India in May 2026?
Which company sold the most electric three-wheelers in May 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.
