Three-Wheeler Retail Sales Rise 3.97% To 1.41 Lakh In October; Best-Ever October: FADA

Three-wheeler retail sales in India rose 3.97% YoY to 1,41,420 units in October 2026, according to FADA. Retails were up 6.68% from 1,32,570 units in September. October 2025 volumes stood at 1,36,025 units. FADA said it was a best-ever October for three-wheelers.

Goods three-wheelers were the fastest-growing sub-segment, up 25.42% YoY to 20,215 units and 22.84% over September. Passenger three-wheelers rose 14.54% to 86,582 units. E-rickshaw (passenger) retails fell 25.76% YoY to 27,532 units and slipped 6.74% from September. E-rickshaw with cart (goods) was down 1.06% YoY at 6,911 units. Personal three-wheelers fell 25.93% to 180 units.

During Navratri, three-wheeler retails of 46,617 units were down 5.73% YoY and up 21.34% over Navratri 2024. FY2027 retails through October are up 13.38% at 8,91,835 units.

Rural Grows, Urban Slips

Rural three-wheeler retail grew 11.76% YoY while urban fell 3.92%. Month on month, urban rose 13.36% and rural 1.59%. Rural markets still accounted for 54.1% of retail, but down from 56.8% in September.

EV Penetration Near 63%

Electric vehicles made up 62.63% of three-wheeler retail, up from 52.19% a year earlier but below September’s 64.89%. That works out to roughly 88,600 units. CNG/LPG accounted for 22.30%, down from 31.78%, and diesel for 14.85%.

During Navratri, electric three-wheeler retails rose 11.19% YoY to 28,262 units. FADA noted that EV availability, not demand, was the binding constraint across EV categories in October.

Bajaj Leads; Mahindra And TVS Gain

Bajaj Auto retailed 51,810 units, down about 8% YoY, with its share at 36.64% against 41.49% a year ago. Mahindra & Mahindra, including Mahindra Last Mile Mobility, retailed 15,918 units (up about 24%) for an 11.26% share, from 9.43%. Piaggio Vehicles retailed 9,833 units (down about 6%) for a 6.95% share.

TVS Motor retailed 8,566 units (up about 46%) and lifted its share to 6.06% from 4.31%.

Atul Auto retailed 3,457 units (2.44%), YC Electric Vehicle 2,494 units (1.76%), Saera Electric Auto 1,805 units (1.28%) and Dilli Electric Auto 1,723 units (1.22%). Smaller OEMs grouped under “Others including EV” retailed 42,975 units for a 30.39% share, from 27.25%.

Across categories, 51.65% of dealers expect growth in November. FADA said buyers are continuing to move towards CNG, hybrid and electric options.