January 2026 Three Wheeler Sales Report India | FADA Retail Data Analysis

Bajaj Auto led with 44,980 units and 35.38% share in Jan 2026, growing from 39,492 units YoY but with a slight drop in overall market share.

Piaggio Vehicles sold 8,543 units with 6.72% share, up from 7,906 units last year, supported by steady cargo and passenger segment demand.

Mahindra & Mahindra sold 8,227 units (6.47%), while Mahindra Last Mile Mobility added 8,049 units (6.33%), showing strong EV-led growth.

TVS Motor Company recorded 5,517 units, sharply up from 2,704 last year, improving market share to 4.34% in Jan 2026.

Atul Auto sold 3,278 units (2.58%), while Zeniak Innovation reached 2,422 units (1.91%), reflecting growing competition.

India’s three-wheeler retail sales reached 1,27,134 units in Jan 2026, up from 1,07,013 units in Jan 2025, driven by strong passenger, cargo, and EV demand.