Three-Wheeler Sales Q3 FY 2025-26: Bajaj Auto Leads, 4,03,484 Units, Up 19.8% YoY

India's three-wheeler market registered 4,03,484 three-wheelers in Q3 FY 2025-26. Volumes pushed ahead 19.8% against the 3,36,800 logged over the same 3 months of Q3 FY 2024-25.

November was the strongest month of the period at 1,37,526 three-wheelers and December the quietest at 1,30,176, an average of 1,34,495 a month. Every one of those 3 months grew on the same month a year earlier.

November catches the tail of Diwali deliveries; whether it looks strong or weak depends largely on the festive calendar.

Q3 FY 2025-26 அக்டோபர் 2025 முதல் டிசம்பர் 2025 வரை நடந்தது; இது முடிந்துவிட்டது. கீழுள்ள அட்டவணையில் உள்ள ஒவ்வொரு மாதமும் இறுதியானது; இந்தப் பக்கத்திலுள்ள ஒப்பீடுகள் அனைத்தும் Q3 FY 2024-25-இன் அதே மாதத்துடன் ஒப்பிடப்பட்டவை.

Three-wheelers accounted for 4.1% of everything registered in India over the period, up from 4.1% in Q3 FY 2024-25. The whole market ran to 97,69,308 vehicles over the same window, up 19.7% year on year.

Bajaj Auto led the period with 1,40,537 registrations, up 11.6% on Q3 FY 2024-25. Mahindra Last Mile follows on 32,726, 1,07,811 behind — a gap of 4.29x.

The fastest riser in the top 8 was Zeniak Innovation India, up 162.0% to 6,384, while YC Electric was down 19.9% at 9,908.

Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's three-wheeler volume over Q3 FY 2025-26. Companies that file electric models under a maker of their own appear as separate rows.

Set against the rest of the market, three-wheelers outgrew the national picture over Q3 FY 2025-26: +19.8% against +19.7% for every vehicle registered in India.

இந்த அட்டவணை Vahan அறிக்கை அளிக்கும் ஒவ்வொரு பிரிவையும் ஒரே 3 மாதக் காலத்தில் உள்ளடக்குகிறது; அதனால் ஒப்பீடு நேருக்கு நேர் — இரு பக்கமும் ஒரே மாதங்கள், ஒரே மூலம்.

Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2025 rather than Q3 FY 2025-26 alone — it is exact for that window.

Electric accounts for 58.7% of three-wheeler registrations over full-year 2025, with battery-electric at 58.7%.

Across the 2 completed windows in our Vahan record, three-wheeler registrations went from 3,36,800 in Q3 FY 2024-25 to 4,03,484 in Q3 FY 2025-26, up 19.8% over the stretch.

Q3 FY 2026-27 is still running — 1 of its 3 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.