Three-Wheeler Sales August 2026: Market Grows 8.6% as Mahindra and TVS Gain Strongly
India’s three-wheeler market registered healthy growth in August 2026, with total retail sales reaching 1,22,281 units, up 8.6% year-on-year from 1,12,553 units recorded in August 2025, according to FADA’s Vahan-based retail data.
Bajaj Auto continued to dominate the segment by a considerable margin, although its volumes and market share declined on a year-on-year basis. Meanwhile, Mahindra & Mahindra, TVS Motor, Piaggio Vehicles and Atul Auto recorded strong growth during the month.
Three-Wheeler Sales – August 2026
OEM | Aug 2026 Sales | Aug 2026 Share | Aug 2025 Sales | Aug 2025 Share | YoY Growth |
Bajaj Auto | 42,605 | 34.84% | 43,744 | 38.87% | -2.6% |
Mahindra & Mahindra | 13,381 | 10.94% | 9,414 | 8.36% | +42.1% |
Piaggio Vehicles | 8,426 | 6.89% | 7,109 | 6.32% | +18.5% |
TVS Motor | 7,139 | 5.84% | 4,779 | 4.25% | +49.4% |
Atul Auto | 2,810 | 2.30% | 2,113 | 1.88% | +33.0% |
YC Electric Vehicle | 2,208 | 1.81% | 3,421 | 3.04% | -35.5% |
Dilli Electric Auto | 1,781 | 1.46% | 1,816 | 1.61% | -1.9% |
Saera Electric Auto | 1,702 | 1.39% | 2,172 | 1.93% | -21.6% |
Mini Metro EV | 1,330 | 1.09% | 1,144 | 1.02% | +16.3% |
J. S. Auto | 1,315 | 1.08% | 945 | 0.84% | +39.2% |
Others including EV | 39,584 | 32.37% | 35,896 | 31.89% | +10.3% |
Total | 1,22,281 | 100% | 1,12,553 | 100% | +8.6% |
Bajaj Auto remained India’s largest three-wheeler OEM in August 2026 with 42,605 registrations, though sales declined by 2.6% YoY from 43,744 units in August 2025. Bajaj’s market share dropped from 38.87% to 34.84%, a contraction of over four percentage points.
Mahindra & Mahindra secured second place with 13,381 registrations, up from 9,414 units last year, marking a 42.1% YoY growth. Its market share rose significantly from 8.36% in August 2025 to 10.94% in August 2026.
Piaggio Vehicles registered 8,426 units, up from 7,109 units in August 2025.
Sales increased by 18.5% YoY, with market share rising from 6.32% to 6.89%.
TVS Motor was a top gainer in August, registering 7,139 three-wheelers, up from 4,779 units last year, marking a 49.4% YoY increase. Its market share rose from 4.25% to 5.84%, recording the strongest percentage growth among larger manufacturers in the segment.
Atul Auto delivered a strong performance with 2,810 units, up from 2,113 units last year, representing 33% YoY growth. Its market share increased to 2.30% from 1.88% in August 2025.
YC Electric Vehicle saw registrations fall significantly from 3,421 units to 2,208 units, a decline of around 35.5%. Its market share dropped from 3.04% to 1.81%.
Saera Electric Auto recorded 1,702 units, down around 21.6% YoY.
Dilli Electric Auto remained comparatively stable at 1,781 units, down just 1.9%.
Mini Metro EV increased registrations by 16.3% to 1,330 units, while J. S. Auto grew strongly by 39.2% to 1,315 units.
Auto Punditz Take
August 2026's three-wheeler sales indicate that the segment continues to expand, supported by passenger mobility, commercial last-mile applications and increasing electrification.
The biggest shift, however, is visible within the competitive landscape.
While Bajaj remains comfortably No.1, its declining market share coincides with strong gains for Mahindra, TVS, Piaggio and Atul Auto. Mahindra crossing the 10% market-share threshold is particularly noteworthy, with Mahindra Last Mile Mobility accounting for practically all of the company's three-wheeler volumes.
TVS' nearly 50% YoY growth is another important trend to watch over the coming months.
At the same time, the performance of individual electric three-wheeler manufacturers remains uneven. The sizeable 32% share controlled collectively by smaller OEMs shows that the electric three-wheeler ecosystem remains considerably more fragmented than India's mainstream passenger vehicle or two-wheeler markets.
Overall, the 8.6% increase in industry volumes to more than 1.22 lakh units points towards positive underlying demand going into the festive period.
Data note: FADA states that August 2026 three-wheeler numbers were unavailable for Telangana. The retail data was collated as of September 4, 2026 and covered 1,467 of 1,469 RTOs. “Others” includes OEMs accounting for less than 1% market share individually.
