Electric Three-Wheeler Sales September 2026: Bajaj Auto Leads With 29.4% Share
Every electric three-wheeler registered in India in September 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 September went
India registered 50,526 electric three-wheelers in September 2026, +137.7% on September 2025 and +9.8% on August.
Across the 9 completed months of 2026 to September, 3,22,212 electric three-wheelers have been registered, +97.8% on the same months of 2025.
Monthly electric three-wheeler registrations, 2023–2026
One line per calendar year. The dashed end of the current year is the month so far.
Electric Three-Wheeler market share, September 2026
Bajaj Auto led the month with 14,879 registrations — 29.4% of the electric three-wheeler market — ahead of Mahindra Last Mile on 14,121 (27.9%), a gap of 758 units. Bajaj Auto also led August.
YC Electric has gained the most share against September 2025, +2.64pp to 2.7%; Mahindra Last Mile has lost the most, −8.60pp to 27.9%.
The top three hold 66.8% of the segment; 152 manufacturers registered at least one electric three-wheeler.
Top 10 electric three-wheeler makers, September 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 | Sep 2026 | Share | MoM | YoY | Share vs Sep 2025 |
|---|---|---|---|---|---|---|
| 1 | Bajaj Auto | 14,879 | 29.4% | +6.5% | +114.4% | −3.20pp |
| 2 | Mahindra Last Mile | 14,121 | 27.9% | +13.2% | +81.8% | −8.60pp |
| 3 | TVS Motor | 4,729 | 9.4% | +1.0% | +89.8% | −2.37pp |
| 4 | Piaggio | 1,547 | 3.1% | −0.2% | +46.2% | −1.92pp |
| 5 | YC Electric | 1,365 | 2.7% | +14.3% | — | +2.64pp |
| 6 | Saera Electric | 1,262 | 2.5% | +7.5% | +609.0% | +1.66pp |
| 7 | Mini Metro EV | 1,195 | 2.4% | +11.4% | — | +2.32pp |
| 8 | Dilli Electric | 1,073 | 2.1% | +2.8% | +531.2% | +1.32pp |
| 9 | Omega Seiki | 930 | 1.8% | +1.4% | +89.8% | −0.47pp |
| 10 | J. S. Auto | 640 | 1.3% | +15.3% | — | +1.01pp |
| 11 | Ti Clean Mobility | 596 | 1.2% | −8.7% | +14.2% | −1.28pp |
| 12 | Unique International Ev | 534 | 1.1% | +13.1% | — | +1.06pp |
| 13 | Daksh Industry | 485 | 1.0% | +33.6% | — | +0.95pp |
| 14 | Energy Electric Vehicles | 468 | 0.9% | +80.7% | — | +0.93pp |
| 15 | Sks Trade India | 360 | 0.7% | +13.2% | — | +0.65pp |
| All others (137 makers) | 6,342 | 12.6% |
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 September
The same table over 2026 to September, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Bajaj Auto | 1,01,878 | 31.62% | −2.20pp | +84.9% |
| 2 | Mahindra Last Mile | 96,577 | 29.97% | −6.42pp | +62.9% |
| 3 | TVS Motor | 33,494 | 10.40% | +2.60pp | +163.6% |
| 4 | Piaggio | 11,703 | 3.63% | −3.16pp | +5.7% |
| 5 | YC Electric | 7,851 | 2.44% | +2.40pp | — |
| 6 | Saera Electric | 7,554 | 2.34% | +2.10pp | — |
| 7 | Omega Seiki | 7,186 | 2.23% | −0.86pp | +42.7% |
| 8 | Dilli Electric | 6,209 | 1.93% | +1.35pp | +558.4% |
| 9 | Mini Metro EV | 5,775 | 1.79% | +1.73pp | — |
| 10 | Ti Clean Mobility | 4,751 | 1.47% | −1.47pp | −1.0% |
| 11 | Euler Motors | 3,941 | 1.22% | −0.61pp | +32.1% |
| 12 | Atul Auto | 2,617 | 0.81% | +0.23pp | +177.2% |
| 13 | Unique International Ev | 2,542 | 0.79% | +0.78pp | — |
| 14 | Daksh Industry | 2,321 | 0.72% | +0.70pp | — |
| 15 | J. S. Auto | 2,198 | 0.68% | +0.59pp | — |
Frequently asked questions
How many electric three-wheelers were sold in India in September 2026?
Which company sold the most electric three-wheelers in September 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 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.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
