Top 10 three-wheeler brands in India: August’22
Modified On Sep 09, 2022 12:59 PM
The auto-rickshaw segment recorded strong growth in August '22. We take a look at the retail numbers of the top 10 brands.
In the overall vehicle segment, India’s humble three-wheeler continues to be a bright spot, registering sustained growth across the passenger and cargo carrier segments. Demand for three-wheeler/auto-rickshaw indicates a strong rural, semi-urban market where these affordable, compact vehicles are part of daily life that help in moving people and cargo.
For years, this segment has been dominated by the IC engine-powered vehicle, which is now shifting rapidly towards EVs, as more and more vehicles are being launched in the segment. The affordable price tag, several brands to choose from, and operational benefits in the era of rising fuel prices augur well for the sale of an electric three-wheeler. And the strong retail data is a clear indicator of customer preference.
Related: August 2022: Truck Sale
Top brands serve this burgeoning segment with value for money, affordable vehicles that also offer higher mileage and lower cost of maintenance. In August’22, a total of 56,313 units of three-wheeler were sold, registering a solid growth of 83% fueled by increasing mobility needs across India along with higher demand for cargo vehicles in the last-mile delivery and supply-chain needs. We rank the top 10 brands in terms of their sales number in the month.
1) BAJAJ AUTO
Bajaj Auto remains the leader of India’s auto-rickshaw segment with a wide margin as demand for its compact RE and Maxima range of three-wheeler stays strong. The firm retailed a total of 16,764 units with a market share of 29.7% in the month, as compared to 11,242 in August’21, with a market share of 36.56%.
The maker of Ape branded auto-rickshaw, Piaggio is the second largest brand in the overall order. The company retailed 4,788 units in the month which translates into 8.5% of the market share.
Mahindra emerged as the third largest volume driver in the month, selling 2,392 units in a month with a market share of 4.25%
Among the top domestic full-electric three-wheeler market, YC Electric Vehicles has become one the top brands in the new vehicle category. The company retails a range of cargo and passenger battery-operated electric three-wheelers in the market. And customers are attracted to the brands as YC Electric ranked number 4 in the overall retail sales with a total volume of 1,977 units, with a market share of 3.51%.
5) SAERA ELECTRIC AUTO
Saera Electric Auto, another battery-operated electric vehicle maker, took the 5th spot in the segment indicating a strong demand for locally manufactured affordable e-rickshaw. The company sold 1,879 units of vehicles in the month, taking 3.34% of the market share.
6) ATUL AUTO
Rajkot-based domestic three-wheeler marker, Atul Auto which is now a serious player in both IC engine and electric three-wheeler auto-rickshaw sold a total of 1,437 units that gave it a market share of 2.55%.
Champion Poly Plast, the maker of Sarathi branded electric three-wheeler is another local player that sells electric auto-rickshaws. It has registered a total sale of 1,407 units, cornering a market share of 2.5%.
8) MAHINDRA ELECTRIC
Another key player in the overall three-wheeler market is electric vehicle marker Mahindra Electric with a range of battery-operated auto-rickshaws like Treo, E-Alfa mini, and Treo Zor among others. The company sold a total of 1,383 units of e-rickshaw in the month translating into 2.46% of the total three-wheeler market.
Dilli Electric Auto, which makes the Citylife branded auto-rickshaws sold 1,323 units in the market with a market share of 2.35%.
10) MINI METRO
Mini Metro is another local electric auto-rickshaw maker in the top 10 list which sold 983 units in the month for a 1.8% market share.
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