Three-Wheeler Sales FY 2025-26: Bajaj Auto Leads, 14,16,970 Units, Up 12.2% YoY
Every three-wheeler registered in India over FY 2025-26 — April 2025 to March 2026. India's financial year runs April to March, the window every listed automaker reports on. Month-by-month volumes, the manufacturer leaderboard, how the segment moved against the rest of the market, and the same window in every earlier year on record.
Three-Wheeler sales month by month, FY 2025-26
India's three-wheeler market registered 14,16,970 three-wheelers in FY 2025-26. Volumes rose sharply 12.2% against the 12,63,431 logged over the same 12 months of FY 2024-25.
November was the strongest month of the period at 1,37,525 three-wheelers and April the quietest at 1,02,552, an average of 1,18,081 a month. 11 of those 12 months grew on the same month a year earlier.
FY 2025-26 ran from April 2025 to March 2026 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of FY 2024-25.
Three-wheelers accounted for 4.6% of everything registered in India over the period, down from 4.6% in FY 2024-25. The whole market ran to 3,08,42,748 vehicles over the same window, up 13.2% year on year.
Three-Wheeler registrations by month — FY 2025-26 vs FY 2024-25
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of FY 2025-26, with the matching month of FY 2024-25 beside it.
| Month | FY 2025-26 units | FY 2024-25 units | YoY | Share of period |
|---|---|---|---|---|
| April 2025 | 1,02,552 | 82,925 | +23.7% | 7.2% |
| May 2025 | 1,07,549 | 1,01,308 | +6.2% | 7.6% |
| June 2025 | 1,03,937 | 98,058 | +6.0% | 7.3% |
| July 2025 | 1,15,069 | 1,14,960 | +0.1% | 8.1% |
| August 2025 | 1,12,420 | 1,09,059 | +3.1% | 7.9% |
| September 2025 | 1,08,307 | 1,10,566 | −2.0% | 7.6% |
| October 2025 | 1,35,785 | 1,27,373 | +6.6% | 9.6% |
| November 2025 | 1,37,525 | 1,12,941 | +21.8% | 9.7% |
| December 2025 | 1,30,178 | 96,489 | +34.9% | 9.2% |
| January 2026 | 1,30,342 | 1,09,979 | +18.5% | 9.2% |
| February 2026 | 1,20,500 | 97,266 | +23.9% | 8.5% |
| March 2026 | 1,12,806 | 1,02,507 | +10.0% | 8.0% |
Each month links through to its own full report.
Which manufacturer sold the most, FY 2025-26
Bajaj Auto led the period with 5,19,185 registrations, up 9.6% on FY 2024-25. Mahindra Last Mile follows on 1,09,381, 4,09,804 behind — a gap of 4.75x.
The fastest riser in the top 15 was Aahana Commerce, up 179.4% to 10,351, while Saera Electric was down 19.2% at 22,838.
Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's three-wheeler volume over FY 2025-26. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — FY 2025-26
Registrations inside the segment (three-wheelers only).
Exact registrations over April 2025 to March 2026, with the change against FY 2024-25.
| # | Manufacturer | FY 2025-26 units | Share of three-wheelers | vs FY 2024-25 |
|---|---|---|---|---|
| 1 | Bajaj Auto | 5,19,185 | 36.64% | +9.6% |
| 2 | Mahindra Last Mile | 1,09,381 | 7.72% | +41.8% |
| 3 | Piaggio | 95,243 | 6.72% | +2.0% |
| 4 | TVS Motor | 57,994 | 4.09% | +116.1% |
| 5 | YC Electric | 36,800 | 2.60% | −17.5% |
| 6 | Atul Auto | 32,513 | 2.29% | +14.4% |
| 7 | Saera Electric | 22,838 | 1.61% | −19.2% |
| 8 | Dilli Electric | 21,648 | 1.53% | −10.6% |
| 9 | Zeniak Innovation India | 16,055 | 1.13% | +100.8% |
| 10 | Mini Metro EV | 12,903 | 0.91% | −9.7% |
| 11 | J. S. Auto | 12,808 | 0.90% | +8.9% |
| 12 | Energy Electric Vehicles | 12,352 | 0.87% | −7.5% |
| 13 | Terra Motors India | 10,937 | 0.77% | +29.1% |
| 14 | Hooghly Motors | 10,628 | 0.75% | +114.4% |
| 15 | Aahana Commerce | 10,351 | 0.73% | +179.4% |
Three-Wheeler sales against the rest of the market
Set against the rest of the market, three-wheelers lagged the national picture over FY 2025-26: +12.2% against +13.2% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 12-month window, so the comparison is like for like — the same months, the same source, on both sides.
Three-Wheeler share of the Indian market, month by month
Three-wheelers as a percentage of every vehicle registered that month.
Exact segment volumes over April 2025 to March 2026.
| Segment | FY 2025-26 units | Share | vs FY 2024-25 |
|---|---|---|---|
| Two-Wheelers | 2,21,64,885 | 71.86% | +13.1% |
| Cars & UVs | 44,93,609 | 14.57% | +13.1% |
| Three-Wheelers | 14,16,970 | 4.59% | +12.2% |
| Tractors | 10,67,324 | 3.46% | +18.7% |
| Goods Carriers | 9,67,868 | 3.14% | +11.9% |
| Taxis & Cabs | 3,78,223 | 1.23% | +13.9% |
| Other classes | 2,28,340 | 0.74% | +6.6% |
| Buses | 1,25,529 | 0.41% | +7.4% |
What three-wheelers run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers 2026 year to date rather than FY 2025-26 alone — it is exact for that window.
Electric accounts for 61.1% of three-wheeler registrations over 2026 year to date, with battery-electric at 61.1%.
Three-Wheeler registrations by fuel — 2026 year to date
The 2026 year to date mix.
| Fuel | 2026 units | Share | vs full-year 2025 |
|---|---|---|---|
| Electric | 7,16,979 | 61.11% | +2.37pp |
| CNG / LPG | 2,85,797 | 24.36% | −4.28pp |
| Diesel | 1,66,460 | 14.19% | +1.97pp |
| Petrol | 3,962 | 0.34% | −0.06pp |
| Other | 84 | 0.01% | 0.00pp |
Three-Wheeler sales by financial year
Across the 2 completed windows in our Vahan record, three-wheeler registrations went from 12,63,431 in FY 2024-25 to 14,16,970 in FY 2025-26, up 12.2% over the stretch.
FY 2026-27 is still running — 6 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.
Three-Wheeler registrations by financial year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| FY 2026-27 (to date) | 6 | 7,49,582 | +15.3% |
| FY 2025-26 | 12 | 14,16,970 | +12.2% |
| FY 2024-25 | 12 | 12,63,431 | +4.6% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Frequently asked questions
How many three-wheelers were sold in India in FY 2025-26?
What period does FY 2025-26 cover?
Which manufacturer sold the most three-wheelers in FY 2025-26?
Which was the strongest month for three-wheeler sales in FY 2025-26?
What share of the Indian market were three-wheelers in FY 2025-26?
Which financial year had the highest three-wheeler sales?
Are these retail sales or factory dispatches?
Three-Wheeler sales, other periods
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.
