FADA has released retail data for February 2026, showing healthy growth in the three-wheeler (3W) segment. Total 3W sales stood at 1,17,130 units, showing 24.39% year-on-year (YoY) growth as compared to 94,162 units sold in February 2025. Despite February being a short month, the segment witnessed strong demand. However, on a month-on-month (MoM) basis, sales declined compared to January sales, which is a normal seasonal trend. Growth remained strong in rural markets, where sales increased by 35.28%, while urban markets saw a comparatively modest growth of 13.20%.
3W Retail Sales February 2026
Bajaj Auto retained its position as the best-selling OEM in the 3W segment. The company reported sales of 44,556 units in February 2026, up from 34,659 units in February 2025, registering a 28.56% year-on-year growth. Bajaj is benefiting from strong demand in both ICE and electric three-wheelers.
Piaggio took the second position with 8,812 units, showing a growth of 32.39% year-on-year. Mahindra was last with 8,637 units, up 32.80% from 6,504 units sold in February 2025. Both the brands are maintaining a steady growth momentum in the segment.
TVS Motor Company recorded the highest growth rate among major players with sales increasing from 2,429 units to 5,201 units, marking a sharp growth of 114.12% year-on-year. Atul Auto also recorded good growth, with sales rising to 3,140 units from 2,327 units, up 34.94%.
Smaller EV-focused players had a mixed performance. YC Electric saw a massive decline of 42.13% year-on-year, with sales falling from 3,373 units to 1,952 units. Delhi Electric and Saira Electric also declined by 6.96% and 24.19% respectively. Zeniac Innovation, on the other hand, recorded strong growth with 1,420 units, up 111.94% year-on-year. Hooghly Motors recorded the highest growth rate in percentage terms, with sales rising to 1,265 units from just 330 units last year, an increase of 283.33%. The ‘Others including EV’ category contributed significantly with 38,983 units registering a growth of 16.61% YoY.
Fuel wise breakup
The fuel-wise breakup of the 3W segment clearly highlights the growing dominance of electric vehicles. The share of EVs in total sales in February 2026 was 56.70%, maintaining a strong lead over all other fuel types. This is slightly higher than February 2025 (56.37%), indicating continued year-on-year growth, although there is a slight decline from the 59.60% share in January 2026. This modest MoM decline indicates some short-term volatility, but EVs remain the preferred choice in this segment.
The share of CNG/LPG vehicles in February 2026 was 28.28%. While this is higher than January 2026 (27.11%), it is significantly lower than February 2025 (30.86%), indicating a gradual shift from CNG/LPG to electric options over time.
Diesel’s share stood at 14.64%, showing consistent growth from both January 2026 (12.88%) and February 2025 (12.24%). This shows that diesel continues to be relevant, especially in some applications where range and load carrying capabilities are important.
Petrol/Ethanol is negligible in this segment, contributing only 0.39% to total sales. Its share has declined steadily over time, driving the shift toward more affordable and efficient fuel options.
Overall, the data shows a clear long-term trend – EVs are firmly leading the 3W segment, while CNG/LPG is gradually losing share. Diesel is seeing a modest resurgence, while petrol/ethanol is becoming increasingly irrelevant in the region.
