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
|
1.01%
|
|
ALLFINE INDUSTRIES PVT LTD
|
667
|
1.04%
|
182
|
0.49%
|
|
THUKRAL ELECTRIC BIKES PVT LTD
|
648
|
1.01%
|
438
|
1.18%
|
|
Others including EV
|
19,354
|
30.28%
|
9,128
|
24.56%
|
|
Total
|
63,915
|
100.00%
|
37,172
|
100.00%
|
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.