Bajaj leads July three-wheeler retails as Mahindra holds EV lead
India’s July three-wheeler retail registrations rose 26.4% year on year to 86,580. EV registrations climbed 84.3% to 42,065, taking a 48.6% share. Bajaj led total retails with 41,998 registrations, while Mahindra Last Mile Mobility led electric three-wheelers with 12,848, ahead of Bajaj’s 11,974.
India’s July three-wheeler retail registrations rose 26.4% to 86,580 as EVs reached 48.6% share. Bajaj led overall registrations, while Mahindra Last Mile Mobility retained electric three-wheeler leadership, though Bajaj narrowed the gap.
Why this matters
Bajaj Auto’s July retail lead extends recent signals on Rajiv Bajaj’s exports, EV-scale and product-focus playbook, and on Bajaj matching TVS Motor’s growth momentum despite a valuation gap.
Retail-company signals are accelerating, up 223167% QoQ.