Electric Models Drive Strong Growth in India's Three-Wheeler Retail Market for October 2026

India's three-wheeler retail market reached a total of 1,41,420 units sold in October 2026, driven heavily by electric vehicles. Electric three-wheelers made up 88,570 units of this total, while internal combustion engine models accounted for the remaining 52,850 units.

Market Share

Electric models captured a dominant 62.63% share of the total market, growing from 52.19% in October 2025. CNG and LPG models followed with a 22.30% share, while diesel-powered three-wheelers took 14.85%. Petrol and ethanol models contributed a tiny 0.22% share. Overall market sales grew by 3.97% compared to October 2025 and 6.68% compared to September 2026.

Manufacturer Performance

Bajaj Auto led the market by selling 51,810 units, taking a 36.64% market share. Its electric sales alone jumped by 91.27% year-on-year to reach 15,726 units. Mahindra Group took second place with 15,918 units and an 11.26% share, followed by Piaggio with 9,833 units. TVS Motor sold 8,566 combined units, with electric vehicles making up 5,067 of them. Other notable players included Atul Auto with 3,457 units, YC with 2,494 units, and Saera Electric with 1,805 units.

Context

Electric three-wheelers have grown rapidly in India due to lower running costs and rising adoption for last-mile delivery and passenger transport. This shift reflects a wider national trend toward electric mobility in commercial vehicle segments.