India three-wheeler retail sales February 2026 hits record 1,17,130 units

Federation of Automobile Dealers Associations data shows that India three-wheeler retail sales February 2026 reached 1,17,130 units, marking a 24.39% increase compared with 94,162 units recorded in February 2025. The latest figures represent the strongest February performance ever for the segment and extend the momentum observed across multiple vehicle categories during the early months of calendar year 2026.

The retail data highlights steady expansion in both passenger mobility and goods transport applications, with growing demand across rural markets and increasing electrification supporting the segment’s overall performance.

Passenger carriers lead segment expansion

The passenger three-wheeler category recorded the largest contribution to overall growth. Retail volumes reached 60,572 units during the month, reflecting a year-on-year increase of 36.01%.

Passenger-configured e-rickshaws represented a substantial portion of this category, with 34,848 units sold. However, their growth rate remained comparatively moderate at 7.75% compared with the same period in the previous year.

Goods carriers and personal segment show gains

Goods-carrying three-wheelers also posted strong gains, reaching 14,335 units in February 2026. This represented a 32.34% increase from the corresponding month last year. E-rickshaws equipped with goods carts recorded sales of 7,268 units, growing by 13.90% year-on-year.

Although small in absolute numbers, the personal-use three-wheeler category registered the fastest growth rate within the segment. Sales totaled 107 units, representing a 50.70% increase compared with February 2025.

Month-on-month decline reflects seasonal pattern

Despite strong annual growth, February sales declined slightly on a sequential basis. Retail volumes dropped 7.87% compared with January 2026, when 1,27,134 units were sold.

This decline is consistent with seasonal trends in the Indian automotive market. February typically records lower sales compared with January because of its shorter calendar duration and post-year-start demand normalization.

Rural markets outperform urban demand

Rural regions continued to drive the expansion of the three-wheeler market. Registrations in rural areas increased by 35.28% year-on-year, significantly outperforming urban markets, which grew by 13.20% during the same period.

Improved agricultural income, favorable crop outcomes, and stronger rural liquidity levels have contributed to higher demand for passenger mobility and small goods transport vehicles in non-urban regions.

OEM market share led by Bajaj Auto

Bajaj Auto retained its dominant position in the market with retail sales of 44,556 units, capturing a 38.04% market share. This represents an improvement from the 36.81% share the company held in February 2025.

Piaggio Vehicles recorded 8,812 units and a 7.52% share of the market. Mahindra & Mahindra followed with 8,637 units representing a 7.37% share, while Mahindra Last Mile Mobility sold 8,514 units for a 7.27% share.

TVS Motor Company demonstrated notable growth momentum. Its retail volume more than doubled to 5,201 units compared with 2,429 units a year earlier, increasing its market share from 2.58% to 4.44%.

Other smaller manufacturers, including Zeniak Innovation India and Hooghly Motors, also recorded meaningful growth, although from a relatively low base. Meanwhile, YC Electric Vehicle and Saera Electric Auto experienced declines in market share during the period.

Electric vehicles dominate fuel mix

Electric powertrains continued to account for the majority of vehicles in the segment. Battery-powered models represented 56.70% of total three-wheeler retail volumes in February 2026, slightly higher than the 56.37% share recorded a year earlier.

CNG and LPG-powered vehicles together accounted for 28.28% of the market. Diesel-powered three-wheelers represented 14.64%, increasing from 12.24% in February 2025. Petrol and ethanol variants remained minimal with a combined share of just 0.39%.

FY26 cumulative sales show steady growth

From April 2025 through February 2026, cumulative three-wheeler retail sales reached 12,53,658 units. This represents an 11.78% increase compared with 11,21,513 units during the same period in the previous financial year.

Growth throughout the year has been supported by expanding e-commerce logistics, rising last-mile delivery demand in urban areas, and improved connectivity requirements across rural regions.

The data compiled by the Federation of Automobile Dealers Associations is collected in collaboration with the Ministry of Road Transport and Highways, Government of India. February 2026 sales figures were derived from 1,459 out of 1,464 Regional Transport Offices across the country, with Telangana data not included in the dataset.