e3W sales surge 40% in September; market share rises to 64.9%
Bajaj leads the chart followed by Mahindra and TVS
India's electric three-wheeler (e3W) retail sales surged by 40% year-on-year in September 2026, reaching 86,024 units. The market share of e3W vehicles expanded to 64.9% from 56.7% in September 2025, according to Federation of Automobile Dealers Associations (FADA) data. This 8.2 percentage point increase in market share demonstrates growing acceptance of e3W in the last-mile transportation segment, fueled by lower operating costs, improved vehicle performance, and expanding charging infrastructure.
Bajaj, Mahindra Group, and TVS Motor Company led e3W sales in September, while YC Electric Vehicle was the only tracked player to see a year-on-year decline. As e3W already accounts for nearly two-thirds of the market, future growth may be more gradual, driven by replacement demand and the transition of existing CNG vehicle operators to electric mobility.
Experts suggest that e3W are becoming a key driver of the growth of electric commercial vehicles in India due to lower running and maintenance costs, improving range and performance, and a growing charging ecosystem.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
