Three-Wheeler Sales Q2 FY 2024-25: Bajaj Auto Leads, 3,34,585 Units, Up 4.6% YoY
Every three-wheeler registered in India over Q2 FY 2024-25 — July 2024 to September 2024. Q2 of the financial year, July to September. 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, Q2 FY 2024-25
India's three-wheeler market registered 3,34,585 three-wheelers in Q2 FY 2024-25. Volumes improved 4.6% against the 3,19,733 logged over the same 3 months of Q2 FY 2023-24.
July was the strongest month of the period at 1,14,960 three-wheelers and August the quietest at 1,09,059, an average of 1,11,528 a month. Every one of those 3 months grew on the same month a year earlier.
July sits inside the monsoon, historically a soft month for urban showroom footfall and a strong one for farm equipment.
Q2 FY 2024-25 ran from July 2024 to September 2024 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of Q2 FY 2023-24.
Three-wheelers accounted for 5.6% of everything registered in India over the period, up from 5.5% in Q2 FY 2023-24. The whole market ran to 59,56,495 vehicles over the same window, up 3.1% year on year.
Three-Wheeler registrations by month — Q2 FY 2024-25 vs Q2 FY 2023-24
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of Q2 FY 2024-25, with the matching month of Q2 FY 2023-24 beside it.
| Month | Q2 FY 2024-25 units | Q2 FY 2023-24 units | YoY | Share of period |
|---|---|---|---|---|
| July 2024 | 1,14,960 | 1,01,825 | +12.9% | 34.4% |
| August 2024 | 1,09,059 | 1,08,269 | +0.7% | 32.6% |
| September 2024 | 1,10,566 | 1,09,639 | +0.8% | 33.0% |
Each month links through to its own full report.
Which manufacturer sold the most, Q2 FY 2024-25
Bajaj Auto led the period with 1,24,410 registrations, up 4.6% on Q2 FY 2023-24. Piaggio follows on 24,461, 99,949 behind — a gap of 5.09x.
The fastest riser in the top 15 was Mahindra Last Mile, up 22305.6% to 19,941, while Champion Poly Plast was down 26.7% at 3,001.
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 Q2 FY 2024-25. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — Q2 FY 2024-25
Registrations inside the segment (three-wheelers only).
Exact registrations over July 2024 to September 2024, with the change against Q2 FY 2023-24.
| # | Manufacturer | Q2 FY 2024-25 units | Share of three-wheelers | vs Q2 FY 2023-24 |
|---|---|---|---|---|
| 1 | Bajaj Auto | 1,24,410 | 37.18% | +4.6% |
| 2 | Piaggio | 24,461 | 7.31% | −4.8% |
| 3 | Mahindra Last Mile | 19,941 | 5.96% | +22305.6% |
| 4 | YC Electric | 11,476 | 3.43% | −0.8% |
| 5 | Saera Electric | 7,895 | 2.36% | −9.5% |
| 6 | Atul Auto | 6,659 | 1.99% | +26.0% |
| 7 | Dilli Electric | 6,580 | 1.97% | −12.6% |
| 8 | TVS Motor | 6,521 | 1.95% | +43.4% |
| 9 | Mini Metro EV | 3,946 | 1.18% | −15.4% |
| 10 | Energy Electric Vehicles | 3,748 | 1.12% | +14.5% |
| 11 | Unique International Ev | 3,709 | 1.11% | −8.9% |
| 12 | Hotage India | 3,591 | 1.07% | −6.6% |
| 13 | J. S. Auto | 3,028 | 0.91% | −13.0% |
| 14 | Champion Poly Plast | 3,001 | 0.90% | −26.7% |
| 15 | Allfine Industries | 2,984 | 0.89% | −4.3% |
Three-Wheeler sales against the rest of the market
Set against the rest of the market, three-wheelers outgrew the national picture over Q2 FY 2024-25: +4.6% against +3.1% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 3-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 July 2024 to September 2024.
| Segment | Q2 FY 2024-25 units | Share | vs Q2 FY 2023-24 |
|---|---|---|---|
| Two-Wheelers | 41,74,440 | 70.08% | +5.3% |
| Cars & UVs | 8,84,713 | 14.85% | −3.1% |
| Three-Wheelers | 3,34,585 | 5.62% | +4.6% |
| Tractors | 2,12,043 | 3.56% | −6.1% |
| Goods Carriers | 1,94,717 | 3.27% | −5.6% |
| Taxis & Cabs | 83,480 | 1.40% | +10.6% |
| Other classes | 42,066 | 0.71% | −13.7% |
| Buses | 30,451 | 0.51% | +18.9% |
What three-wheelers run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2024 rather than Q2 FY 2024-25 alone — it is exact for that window.
Electric accounts for 55.0% of three-wheeler registrations over full-year 2024, with battery-electric at 55.0%.
Three-Wheeler registrations by fuel — full-year 2024
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 |
Every Q2 on record
Across the 3 completed windows in our Vahan record, three-wheeler registrations went from 3,34,585 in Q2 FY 2024-25 to 3,99,595 in Q2 FY 2026-27, up 19.4% over the stretch.
Three-Wheeler registrations by quarter
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| Q2 FY 2026-27 | 3 | 3,99,595 | +19.0% |
| Q2 FY 2025-26 | 3 | 3,35,796 | +0.4% |
| Q2 FY 2024-25 | 3 | 3,34,585 | +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 Q2 FY 2024-25?
What period does Q2 FY 2024-25 cover?
Which manufacturer sold the most three-wheelers in Q2 FY 2024-25?
Which was the strongest month for three-wheeler sales in Q2 FY 2024-25?
What share of the Indian market were three-wheelers in Q2 FY 2024-25?
Which quarter 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.
