Three-Wheeler Sales December 2024: Bajaj Auto Leads, 96,489 Units Registered
Full Vahan registration report for December 2024 — every major manufacturer ranked, with month-on-month and year-on-year change, segment share, fuel mix and the state-wise picture.
How December went
India's three-wheeler market registered 96,489 vehicles in December 2024. Volumes fell back 4.6% against December 2023, and fell 14.6% on November.
Year to date, 12,64,087 units have been registered across 12 months, +10.3% on the same stretch of 2023 (11,45,619). The segment accounted for 5.2% of every vehicle registered in India that month.
December is the year-end discount month, though many buyers hold registration to January to keep a newer model year on the RC.
Monthly three-wheeler registrations, 2023–2026
One line per calendar year — the shape of the year, not just its total. The dashed end of the current year is the month so far.
Manufacturer scoreboard
Bajaj Auto led the segment with 31,145 registrations, ahead of Piaggio on 6,736 — a gap of 24,409 units, narrower than the 33,686 it held in November.
Mahindra Last Mile grew fastest among the segment's biggest names at +19.9% year on year (6,140 units); Saera Electric had the hardest month of that group, down 20.5% to 2,108.
On share rather than volume — the number that decides who is actually winning — Mahindra Last Mile has added 4.75pp of the segment in 2024, while Piaggio has given up 0.55pp.
Top 10 manufacturers, December 2024
Registrations in the month
Ranked by registrations in the month, with month-on-month and year-on-year change. Click a name for its full dashboard.
| # | Manufacturer | Dec 2024 | MoM | YoY | Share of three-wheelers |
|---|---|---|---|---|---|
| 1 | Bajaj Auto | 31,145 | −27.5% | −7.6% | 32.28% |
| 2 | Piaggio | 6,736 | −27.5% | −18.0% | 6.98% |
| 3 | Mahindra Last Mile | 6,140 | −21.8% | +19.9% | 6.36% |
| 4 | YC Electric | 3,798 | −4.5% | −0.5% | 3.94% |
| 5 | Atul Auto | 2,232 | −11.3% | +15.2% | 2.31% |
| 6 | Saera Electric | 2,108 | −7.2% | −20.5% | 2.18% |
| 7 | Dilli Electric | 2,061 | +0.9% | −10.0% | 2.14% |
| 8 | TVS Motor | 1,980 | −11.4% | +19.0% | 2.05% |
| 9 | Sahnianand E Vehicles | 1,204 | +15.8% | +71.0% | 1.25% |
| 10 | Mini Metro EV | 1,195 | −2.6% | −21.9% | 1.24% |
| 11 | Energy Electric Vehicles | 1,151 | −6.7% | −8.8% | 1.19% |
| 12 | J. S. Auto | 1,038 | +7.1% | −10.2% | 1.08% |
| 13 | Zeniak Innovation India | 1,013 | +50.7% | +265.7% | 1.05% |
| 14 | Sks Trade India | 989 | +6.3% | −8.5% | 1.02% |
| 15 | Unique International Ev | 987 | −15.4% | −19.1% | 1.02% |
Registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each number is that manufacturer's three-wheeler volume. Companies that file electric models under a maker of their own (Tata, Mahindra) appear as separate rows.
Market share, year to date
Share is measured inside the segment itself — only three-wheeler volume counts on either side of the ratio. Volume is full-year 2024. The comparison is against the whole of 2023.
Exact segment volume per manufacturer over full-year 2024, and the change in share against full-year 2023.
| # | Manufacturer | 2024 units | Share | vs full-year 2023 |
|---|---|---|---|---|
| 1 | Bajaj Auto | 4,74,456 | 37.53% | −0.38pp |
| 2 | Piaggio | 97,527 | 7.72% | −0.55pp |
| 3 | Mahindra Last Mile | 74,716 | 5.91% | +4.75pp |
| 4 | YC Electric | 43,970 | 3.48% | −0.08pp |
| 5 | Saera Electric | 28,313 | 2.24% | −0.32pp |
| 6 | Atul Auto | 27,082 | 2.14% | +0.18pp |
| 7 | Dilli Electric | 25,037 | 1.98% | −0.21pp |
| 8 | TVS Motor | 24,276 | 1.92% | +0.35pp |
| 9 | Mini Metro EV | 14,749 | 1.17% | −0.23pp |
| 10 | Unique International Ev | 13,705 | 1.08% | −0.10pp |
| 11 | Energy Electric Vehicles | 13,386 | 1.06% | +0.09pp |
| 12 | Hotage India | 12,491 | 0.99% | −0.13pp |
| 13 | J. S. Auto | 11,581 | 0.92% | −0.16pp |
| 14 | Champion Poly Plast | 11,199 | 0.89% | −0.41pp |
| 15 | Sks Trade India | 10,967 | 0.87% | −0.01pp |
Fuel mix
Electric accounts for 55.0% of the segment's registrations in 2024. Electric is at 54.98%, a move of +3.83pp on 2023 on volume of 6,94,971 units.
Three-Wheeler fuel mix, 2024
Share of segment registrations year to date
The full-year 2024 mix.
| Fuel | 2024 units | Share | vs full-year 2023 |
|---|---|---|---|
| Electric | 6,94,971 | 54.98% | +3.83pp |
| CNG / LPG | 4,06,883 | 32.19% | −2.49pp |
| Diesel | 1,50,855 | 11.93% | −0.97pp |
| Petrol | 11,181 | 0.88% | −0.35pp |
| Other | 197 | 0.02% | −0.02pp |
Share is of this report's own scope over full-year 2024, compared with the whole of 2023.
Where the demand is
Uttar Pradesh was the largest market in full-year 2024 with 3,10,598 registrations, 24.6% of the segment's national total. Bihar (1,20,802) and Maharashtra (87,257) followed. Delhi has gained the most ground, adding 0.74pp of the national total.
Segment registrations over full-year 2024, by state.
| # | State | Units | Share | vs full-year 2023 |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 3,10,598 | 24.6% | −0.41pp |
| 2 | Bihar | 1,20,802 | 9.6% | +0.12pp |
| 3 | Maharashtra | 87,257 | 6.9% | +0.15pp |
| 4 | Gujarat | 81,762 | 6.5% | −0.21pp |
| 5 | Assam | 74,355 | 5.9% | −0.26pp |
| 6 | Karnataka | 73,745 | 5.8% | +0.69pp |
| 7 | Tamil Nadu | 55,033 | 4.4% | +0.47pp |
| 8 | Madhya Pradesh | 52,137 | 4.1% | −0.27pp |
| 9 | Rajasthan | 48,615 | 3.8% | −0.48pp |
| 10 | Delhi | 46,386 | 3.7% | +0.74pp |
| 11 | Telangana | 43,230 | 3.4% | −0.13pp |
| 12 | Andhra Pradesh | 39,645 | 3.1% | −1.08pp |
Frequently asked questions
How many three-wheelers were sold in India in December 2024?
Which company sold the most three-wheelers in December 2024?
What is the three-wheeler market share in India in 2024?
What share of three-wheelers sold in India are electric?
Which state registers the most three-wheelers in India?
Are these wholesale dispatches or retail sales?
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.
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.
