Market Composition of Three Wheelers in India
India’s three-wheeler market recorded a total volume of 106,908 units in April 2026, with Bajaj Auto maintaining a commanding lead by securing nearly 37% of the market (39,527 units)—nearly four times the volume of its nearest rival. The Mahindra Group held second place with 10,855 units (~10.15% share), driven primarily by its Last Mile Mobility arm, followed by established players Piaggio (8,078 units) and TVS Motor (5,373 units).
Notably, the "Others including EV" segment accounted for nearly a third of total sales at 34,701 units (32.46%), highlighting a highly fragmented landscape with strong regional penetration from local e-rickshaw and electric three-wheeler manufacturers.
Notably, the "Others including EV" segment accounted for nearly a third of total sales at 34,701 units (32.46%), highlighting a highly fragmented landscape with strong regional penetration from local e-rickshaw and electric three-wheeler manufacturers.
| Three-Wheeler OEM | ||
|---|---|---|
| Bajaj Auto Ltd | 39,527 | 39,096 |
| Mahindra & Mahindra Limited | 10,855 | 11,790 |
| Mahindra Last Mile Mobility Ltd (by M&M) | 10,831 | 11,765 |
| Mahindra & Mahindra Limited (by M&M) | 24 | 25 |
| Piaggio Vehicles Pvt Ltd | 8,078 | 7,749 |
| TVS Motor Company Ltd | 5,373 | 5,931 |
| Atul Auto Ltd | 2,649 | 2,564 |
| Yc Electric Vehicle | 1,932 | 2,270 |
| Saera Electric Auto Pvt Ltd | 1,388 | 1,458 |
| Dilli Electric Auto Pvt Ltd | 1,327 | 1,501 |
| J. S. Auto (P) Ltd | 1,078 | 1,179 |
| Others Including EV | 34,701 | 37,988 |
| Total Three-Wheelers | 1,06,908 | 1,11,526 |
Units: In Numbers
NEED HELP IN RESEARCH?
Signup to get access to our market reports and insights.