September Mobility Demand Gains Across EVs, CVs and Two-Wheelers

Goods carrier retail rose 40%, while electric three-wheelers and electric two-wheelers grew 113% and 111%, respectively.

India’s mobility sector recorded strong activity in September 2026, according to Shriram Finance’s October Mobility Bulletin. Demand increased across commercial vehicles, electric vehicles, two-wheelers and other mobility segments.

Round-trip rentals for 18-tonne trucks increased year on year across all 10 routes tracked in the bulletin. The Delhi-Mumbai-Delhi route recorded a 9% increase to Rs 1.77 lakh, while Bengaluru-Mumbai-Bengaluru rentals increased 11% to Rs 1.52 lakh.

Goods Carriers and Trucks Show Strong Demand

Table of Contents
1. Goods Carriers and Trucks Show Strong Demand
2. Mini Trucks and Pickups Support Last-Mile Mobility
3. Electric Vehicle Sales Continue to Rise
4. FASTag and Fuel Trends

September retail sales of goods carriers reached 87,100 units, registering 40% year-on-year growth and 13% growth compared with August. Three-wheelers used for goods applications also recorded strong growth, rising 63% year on year to 16,457 units.

The healthy freight activity indicates continued demand for trucks, particularly as festive dispatches and movement of goods support commercial vehicle operations.

Mini Trucks and Pickups Support Last-Mile Mobility

The growth in goods carriers also points to healthy demand for mini trucks and pickups. These vehicles are widely used for local distribution, intra-city deliveries and last-mile transportation. Shriram Finance also reported higher demand for heavy-duty trucks and construction equipment, indicating continued activity across core commercial sectors.

Electric Vehicle Sales Continue to Rise

Electric vehicle sales recorded strong year-on-year growth across the categories covered in the bulletin. Electric two-wheeler sales increased 111% to 1,98,873 units, while electric three-wheeler sales rose 113% to 58,592 units.

Demand for electric mini trucks is also gaining importance as electric commercial vehicles become more popular for last-mile and intra-city freight operations. Electric motor car sales increased 143% year on year to 32,743 units. Overall, the strong EV numbers indicate continued consumer and fleet interest in electric mobility.

FASTag and Fuel Trends

FASTag transaction volume declined 3.9% month on month to 337.38 million in September, while transaction value fell 1.2% to Rs 7,096.35 crore. However, compared with September 2025, transaction volume increased 1% and value rose 11%.

Petrol consumption stood at 3.64 million tonnes, down 5% month on month but up 7.2% year on year. Diesel consumption increased 2% month on month to 7.12 million tonnes and was 4.9% higher than September 2025.

Shriram Finance said firm truck rentals, festive dispatches, EV adoption and heavy-duty truck and construction equipment sales point towards continued commercial vehicle activity. However, a possible interest-rate increase during the festive season could affect market sentiment.

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Frequently Asked Questions

1. How did truck rentals perform in September 2026?

Ans. Round-trip rentals for 18-tonne trucks increased year on year across all 10 routes tracked by Shriram Finance.

2. How much did goods carrier sales grow?

Ans. Goods carrier retail reached 87,100 units in September 2026, up 40% year on year.

3. How much did electric three-wheeler sales increase?

Ans. Electric three-wheeler sales increased 113% year on year to 58,592 units.

4. Did diesel consumption increase in September?

Ans. Yes. Diesel consumption increased 2% month on month to 7.12 million tonnes and was 4.9% higher year on year.

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