According to the Federation of Automobile Dealers Associations (FADA) September 2022 retail sales figures, three-wheeler (3W) retail sales increased by 72%. When compared with September’19, a pre-covid month, sales grew 6%.
The 3W segment continues to see structural shift from ICE to EV. This is also reflected in extremely healthy growth rate of e-rickshaws. Apart from better availability of vehicles with full range products including alternate fuels, customers have started using public transport and rickshaw service thus fuelling demand in this segment.
Bajaj Auto continued to dominate the three wheeler space with 19474 units followed by Piaggio (5116 units. Electric three wheeler companies like YC Electric Vehicle, Saera Electric Auto and Mahindra Reva Electric Vehicles also did well in the 3W segment.
Three-Wheeler (3W)
Three-Wheeler OEM
SEP'22
Market Share (%), SEP'22
SEP'21
Market Share (%), SEP'21
BAJAJ AUTO LTD
19,474
30.47%
13,849
37.26%
PIAGGIO VEHICLES PVT LTD
5,116
8.00%
4,138
11.13%
YC ELECTRIC VEHICLE
2,564
4.01%
1,413
3.80%
MAHINDRA & MAHINDRA LIMITED
2,454
3.84%
1,150
3.09%
SAERA ELECTRIC AUTO PVT LTD
2,149
3.36%
730
1.96%
MAHINDRA REVA ELECTRIC VEHICLES PVT LTD
1,694
2.65%
775
2.08%
ATUL AUTO LTD
1,437
2.25%
1,263
3.40%
DILLI ELECTRIC AUTO PVT LTD
1,416
2.22%
672
1.81%
CHAMPION POLY PLAST
1,316
2.06%
711
1.91%
TVS MOTOR COMPANY LTD
1,229
1.92%
756
2.03%
MINI METRO EV L.L.P
1,166
1.82%
376
1.01%
UNIQUE INTERNATIONAL
1,006
1.57%
437
1.18%
TERRA MOTORS INDIA PVT LTD
800
1.25%
324
0.87%
J. S. AUTO (P) LTD
750
1.17%
455
1.22%
ENERGY ELECTRIC VEHICLES
675
1.06%
375
ALLFINE INDUSTRIES PVT LTD
667
1.04%
182
0.49%
THUKRAL ELECTRIC BIKES PVT LTD
648
438
Others including EV
19,354
30.28%
9,128
24.56%
Total
63,915
100.00%
37,172
Source: FADA Research
Disclaimer:
1- The above numbers do not have figures from MP, LD & TS. Even though MP is now on Vahan, due to unavailability of previous year’s figure, we have not taken them in our comparison for September’22.
2- Vehicle Retail Data has been collated as on 02.10.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,339 out of 1,411 RTOs.
3- Others include OEMs accounting less than 1% Market Share.
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