Top 10 three-wheeler brands in India: May’22
Modified On Jun 24, 2022 11:16 AM
The three-wheeler vehicle segment, also known as auto-rickshaw, recorded strong growth in May '22. Bajaj Auto and Piaggio continue to rule the market, we take a look at the top 10 brands that lead the sales chart in the month.
The three-wheeler market in India is vital in the overall commercial vehicle segment. These affordable, compact and easy-to-use vehicles serve the absolute last-mile people mobility needs and cargo movements across urban, semi-urban and rural India.
The three-wheeler segment is highly-price sensitive and the total cost of ownership plays a key role in vehicle purchase decisions. Often operated by a single owner, transporter entrepreneur or fleet operators as source of earning. There are diesel, petrol, CNG, LPG powered vehicles in this segment as OEMs cater to varied customer needs. Also, demand for full-electric battery-operated three-wheeler is growing rapidly as a strong alternative to IC engine vehicles.
Top brands serve this burgeoning segment with value for money, affordable vehicles that also offer higher mileage and lower cost of maintenance. In May;22, a total of 41,508 units of three-wheeler sold, registering a solid growth driven by surging mobility needs across India. We rank the top 10 brands in terms of their sales number in the month.
1) BAJAJ AUTO
The pioneer of three-wheeler in India maintains a strong grip on the market with a significant lead in the overall segment. Bajaj sold 10,492 units in the month with a 25.28% market share.
Piaggio which is a strong player in the cargo carrier three-wheeler category with brands like Ape Xtra LDX sold 4,177 units cornering a market share of 10.06 %
This new electric three-wheeler marker is witnessing superior demand for its battery-operated vehicles in the market. YC Electric Vehicles sold a total of 2,045 units in the month with nearly 5% market share, emerging as the number 3 player in the overall three-wheeler segment.
Mahindra is another established player in the market which retails the Alfa range of three-wheeler retailed1,764 units in the month with a market share of 4.25 %
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 1,367 units of vehicles in the month, taking 3.29% of the market share.
6) TVS MOTOR
TVS Motors is another recognized brand which retails the TVS King range of the three-wheeler in the segment commands a market share of nearly 3% with a total volume sale of 1, 218 units in the month.
7) ATUL AUTO
Rajkot-based domestic three-wheeler marker, Atul Auto closely follows TVS Motors with 2.76% of the market share with a volume of 1,146 units in the month ranking at number 7 in the sales order.
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 1,073 units of e-rickshaw in the month translating into 2.59% of the total three-wheeler market.
9) DILLI ELECTRIC AUTO
Dilli Electric Auto, whose sales range of e-rickshaw has a market share of 2.45% with volume sales of 1,019 units of vehicles in the month.
10) CHAMPION POLY PLAST
Champion Poly Plast rank the number 10th in the pecking order with a sale of 940 units in the month with a market share of 2.26%.
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