Piaggio Sales November 2025: 13,118 Units, +3.0% YoY
Full Vahan registration report for Piaggio in November 2025 — total volume, year-on-year and month-on-month change, where it ranks against every other manufacturer, and the segment and fuel mix behind the number.
Piaggio in November 2025
Piaggio registered 13,118 vehicles in India in November 2025. Volume nudged up 3.0% against November 2024 and slipped 8.5% against October. Its best month on record remains October 2025 at 14,339.
That put Piaggio 20th among every manufacturer registering vehicles in India in November 2025, behind TAFE on 13,562 and ahead of John Deere on 10,777.
Measured against every vehicle registered in India that month — all segments, all fuels — that is 0.4% of the market, 0.00pp against November 2024.
Across 2025 to date — the 11 months of the year that have closed — the company has registered 1,15,008 vehicles, −8.6% on the same months of 2024.
Piaggio monthly registrations
Every calendar year on record, month by month. The running month is left off the line until it closes.
What Piaggio sells
72.4% of everything Piaggio has registered in 2025 is in three-wheelers, and the company holds 6.7% of that segment nationally. Two-wheelers is next at 27.4%.
This split is the calendar year to date and cannot be cut to a single month: Vahan publishes a manufacturer's volume by month, and its volume by vehicle class, but never the two together. Multiplying them would be a guess, so the table stays on the axis where the number is exact.
Piaggio by segment, 2025
Calendar year to date — exact, but with no month axis.
| Segment | 2025 units | Share of company | Share of segment |
|---|---|---|---|
| Three-Wheelers | 90,906 | 72.4% | 6.7% |
| Two-Wheelers | 34,352 | 27.4% | 0.2% |
| Other | 205 | 0.2% | 0.1% |
| Goods Carriers | 34 | 0.0% | 0.0% |
| Taxis & Cabs | 20 | 0.0% | 0.0% |
| Cars & UVs | 1 | 0.0% | 0.0% |
"Share of segment" is this company against every other manufacturer in the same segment, over the same months.
Fuel mix
12.1% of Piaggio's 2025 registrations are battery electric — 15,189 vehicles, against 16.4% in 2024.
Fuel, like segment, is published against the manufacturer for the whole year rather than by month, so these shares are 2025 to date. Hybrids are counted separately from battery electrics.
| Fuel | 2025 units | Share | vs 2024 |
|---|---|---|---|
| Petrol | 34,572 | 27.5% | −0.35pp |
| Diesel | 61,468 | 49.0% | +9.47pp |
| CNG / LPG | 14,281 | 11.4% | −4.84pp |
| Electric | 15,189 | 12.1% | −4.29pp |
| Other | 8 | 0.0% | +0.01pp |
Every manufacturer, November 2025
Ranked on total registrations across every vehicle type, which is the finest manufacturer split Vahan publishes with a month axis. Two-wheeler makers therefore sit above carmakers selling far more value — this is a count of vehicles, not of revenue.
| # | Manufacturer | Nov 2025 | Share of market |
|---|---|---|---|
| 1 | Hero MotoCorp | 9,00,586 | 26.1% |
| 2 | Honda 2W (HMSI) | 6,40,066 | 18.5% |
| 3 | TVS Motor | 4,69,654 | 13.6% |
| 4 | Bajaj Auto | 3,18,252 | 9.2% |
| 5 | Maruti Suzuki | 1,69,281 | 4.9% |
| 6 | Mahindra & Mahindra | 1,40,118 | 4.1% |
| 7 | Royal Enfield | 1,22,871 | 3.6% |
| 8 | Suzuki 2W | 1,11,333 | 3.2% |
| 9 | Tata Motors | 91,122 | 2.6% |
| 10 | Yamaha India | 73,332 | 2.1% |
| 18 | Mahindra Last Mile | 13,657 | 0.4% |
| 19 | TAFE | 13,562 | 0.4% |
| 20 | Piaggio | 13,118 | 0.4% |
| 21 | John Deere | 10,777 | 0.3% |
| 22 | Skoda Auto Volkswagen | 10,399 | 0.3% |
Piaggio month by month
The last 15 months on record. The year-on-year column compares each month against the same month a year earlier; the running month is left without one.
| Month | Registrations | YoY |
|---|---|---|
| September 2026 (live) | 2,339 | — |
| August 2026 | 12,401 | +23.9% |
| July 2026 | 13,894 | +38.5% |
| June 2026 | 12,691 | +37.5% |
| May 2026 | 11,260 | +24.3% |
| April 2026 | 11,612 | +23.3% |
| March 2026 | 12,395 | +24.5% |
| February 2026 | 12,369 | +29.2% |
| January 2026 | 12,091 | +6.7% |
| December 2025 | 10,510 | +14.5% |
| November 2025 | 13,118 | +3.0% |
| October 2025 | 14,339 | +10.9% |
| September 2025 | 8,936 | −17.7% |
| August 2025 | 10,010 | −6.1% |
| July 2025 | 10,032 | −17.4% |
Frequently asked questions
How many vehicles did Piaggio sell in November 2025?
Where does Piaggio rank in November 2025?
What does Piaggio mostly sell?
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Are these retail sales or factory dispatches?
Piaggio 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.
