Piaggio Sales February 2026: 12,368 Units, +29.2% YoY

Piaggio registered 12,368 vehicles in India in February 2026. Volume accelerated 29.2% against February 2025 and ticked higher 2.3% against January. Its best month on record remains October 2025 at 14,339.

Of those, 9,248 were three-wheelers (74.8% of the total), +31.2% on February 2025. That figure is exact: it is counted with Vahan's own vehicle-class filter rather than worked out from the company total.

That put Piaggio 16th among every manufacturer registering vehicles in India in February 2026, behind Ashok Leyland on 19,564 and ahead of Sonalika (ITL) on 11,984.

Measured against every vehicle registered in India that month — all segments, all fuels — that is 0.5% of the market, +0.01pp against February 2025.

Across 2026 to date — the 2 months of the year that have closed — the company has registered 24,459 vehicles, +17.0% on the same months of 2025.

72.1% of everything Piaggio has registered in 2026 is in three-wheelers, and the company holds 7.3% of that segment nationally. Two-wheelers is next at 27.7%.

This split is the calendar year to date and cannot be cut to a single month: our Vahan data holds a manufacturer's volume by month, and its volume by vehicle class, but not the two together. Multiplying them would be a guess, so the table stays on the axis where the number is exact.

10.4% of Piaggio's 2026 registrations are battery electric — 13,695 vehicles, against 12.1% in 2025.

Fuel, like segment, is published against the manufacturer for the whole year rather than by month, so these shares are 2026 to date. Hybrids are counted separately from battery electrics.

Ranked on total registrations across every vehicle type, which is the finest manufacturer split our Vahan data holds with a month axis. Two-wheeler makers therefore sit above carmakers selling far more value — this is a count of vehicles, not of revenue.

The last 15 months on record. The year-on-year column compares each month against the same month a year earlier; the running month is left without one.