India Electric Three Wheeler Market Outlook to 2025- By Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and Non-Transport), Registration by Region (North, East, West, South) and Registration by State
- KR1055
- Slides: 10
- March 2021
- Author(s): Harsh Mittal
- Total Views:4111
- Region : Asia
- Ken Research
- Market Research Report
About the Report
About the Report
The report titled “India Electric Three Wheeler Market Outlook to 2025- By Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and Non-Transport), Registration by Region (North, East, West, South) and Registration by State” provides a comprehensive analysis of adoption of electric three wheeler in the India. The report covers various aspects including the electric 3 wheeler registrations (in units), market segmentation by wheeler type (passenger, goods, personal), by vehicle category (transport and non-transport), registration by region (north, east, west and south) and registration by states. The report also covers 3 wheeler industry dynamics with focus of registration volume, vehicle type, fuel type, market share, registration by region etc.) in India. Moreover, the report also covers the overall competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future, Covid-19 impact, analysts’ take on the future and case studies highlighting the major opportunities.
India Electric 3 Wheeler Market Overview and Size
The continuous technological advancement, along with the development of innovative solutions to complement the reduction of harmful greenhouse gas emission, has significantly pushed the three-wheeler market to look into future modes of propulsion. Additionally, three wheelers require low maintenance & have lower cost of ownership, contributing to the increased share of the three wheeler market in India. Moreover, latest electric three-wheeler vehicles contain plug-in charging options, while earlier, the battery of the three-wheel was charged after removing it from the vehicle. The growing concern over air pollution is pushing the automobile industry to reduce its carbon footprint, bolstering the need for electric three-wheelers in the market. Additionally, the market is primarily driven by strict emission norms/regulations, government incentives, and increasing environmental awareness. Currently, the e-3W market is dominated by e-rickshaws as compared to e-autos.
India Electric 3 Wheeler Market Segmentations
By Wheeler Type: Passenger vehicles held the dominant share of the market in FY2020 and the trend is likely to continue through the future. Goods carriers are mainly small vans or trucks that are used for carrying small-scale industrial loads from one place to another. The growth of passenger vehicle is due to the use of passenger carrier for the movement of people as the country has poor road infrastructure and three wheelers are prominently used for last mile connectivity.
By Vehicle Category: Electric three wheelers in India are mainly transport vehicles i.e. they are mainly goods or passenger carrier. Non-transport vehicles are only those 3 wheelers that are used for personal purpose.
Registration by Region & State: Northern & Eastern regions accounts for majority of the electric 3 wheeler registrations in India. These regions are the fastest-growing market as many automotive industries are setting up their manufacturing units in this region. Apart from the measures at the national level, several state governments are also committed to promoting electric three-wheelers in their states to drive market growth. Government of Uttar Pradesh, Delhi, Bihar and West Bengal has taken several initiatives to promote the usage for Electric 3-wheeler.
Competitive Landscape of India Electric Three Wheeler Market:
The competition in the electric 3 wheeler market in India is highly fragmented where leading 10-12 manufacturers hold less than 50% share in the market. The major e-3 wheelers include YC Electric Vehicle, Mahindra & Mahindra Ltd, Saera Electric Auto Pvt Ltd, Mahindra Reva Electric Vehicles Pvt Ltd, Vani Electric Vehicles Pvt Ltd, Champion Poly Plast, Terra Motors India Pvt Ltd, Dilli Electric Auto Pvt Ltd, G.K. Rickshaw, Best Way Agencies Pvt Ltd and few others. However, the 3 wheelers market is highly concentrated as the majority of the market share is composed by the top 2-3 players. Production Capacity, Pricing, Battery Type, Range, Speed, Technology, Maintenance Cost, Export Volume are the key competing parameters for the e-3 wheeler manufactures.
India Electric Three Wheeler Market Future Outlook and Projections
Electric three vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Electric three-wheelers are increasingly being adopted by various courier companies for providing last-mile postal services and reducing carbon emissions at the same time. Besides, push by the government in form of subsidies under FAME II scheme is expected to further push the sales of electric 3-wheeler. Numerous technological advancements such as GPS navigation, remote sensors, anti-theft locking systems, etc., are further expected to drive the market growth in the coming years. E-3Ws are economically competitive especially with higher vehicular utilization; this is contingent on a well-distributed charging infrastructure network that reduces dead kilometers, and innovative systems such as battery swapping which cuts down the time spent in battery charging. At the early phase of transition, when the support infrastructure hasn’t matured enough, financial incentives as well as non-financial incentives can help forge the transition to e-3Ws. Policy instruments such as scrappage incentives will further aid in accelerating the adoption of e-3Ws.
Key Segments Covered
By Wheeler Type
- Passenger
- Goods
- Personal
By Vehicle Category
- Transport
- Non-Transport
Registration by Region
- North
- East
- West
- South
Registration by State
3 Wheeler Makers Covered
- Bajaj Auto Ltd
- Piaggio Vehicles Pvt Ltd
- Atul Auto Ltd
- Mahindra & Mahindra Limited
- Yc Electric Vehicle
- Tvs Motor Company Ltd
- J. S. Auto (P) Ltd
- Continental Engines Pvt Ltd
- Saera Electric Auto Pvt Ltd
- Mahindra Reva Electric Vehicles Pvt Ltd
- Vani Electric Vehicles Pvt Ltd
- Champion Poly Plast
- Terra Motors India Pvt Ltd
- Dilli Electric Auto Pvt Ltd
- G.K. Rickshaw
- Best Way Agencies Pvt Ltd
- Thukral Electric Bikes Pvt Ltd
- Scooters India Ltd
- Mini Metro Ev L.L.P
- Unique International
- Grd Motors
- Pubang Etron Electric Motor Pvt Ltd
- Energy Electric Vehicles
- Zeniak Innovation India Ltd
- Allfine Industries Pvt Ltd
- Delta Autocorp Llp
Electric 3 Wheeler Makers Covered
- YC Electric Vehicle
- Mahindra & Mahindra Limited
- Saera Electric Auto Pvt Ltd
- Mahindra Reva Electric Vehicles Pvt Ltd
- Vani Electric Vehicles Pvt Ltd
- Champion Poly Plast
- Terra Motors India Pvt Ltd
- Dilli Electric Auto Pvt Ltd
- G.K. Rickshaw
- Best Way Agencies Pvt Ltd
- Thukral Electric Bikes Pvt Ltd
- Mini Metro Ev L.L.P
- Unique International
- Grd Motors
- Pubang Etron Electric Motor Pvt Ltd
- Energy Electric Vehicles
- Zeniak Innovation India Ltd
- J. S. Auto (P) Ltd
- Allfine Industries Pvt Ltd
- Delta Autocorp Llp
Key Target Audience
- E-Three Wheeler OEMs
- EV Charger Manufacturers
- EV Battery Manufacturers
- Consultancy Companies
- Industry Associations
- Regulatory Bodies
Time Period Captured in the Report:-
- Historical Period – 2016-2020
- Forecast Period – 2020-2025
Key Topics Covered in the Report
- India E - 3 Wheeler Registration Volume
- India E - 3 Wheeler Type (in Units)
- India E - 3 Wheeler Vehicle Category (in Units)
- India E - 3 Wheeler Vehicle Registration by Region
- India E - 3 Wheeler Vehicle Registration by State
- India E - 3 Wheeler Maker Market Share
- India 3 Wheeler Registration Volume
- India 3 Wheeler Type (in Units)
- India 3 Wheeler Vehicle Category (in Units)
- India 3 Wheeler Vehicle Registration by Region
- India 3 Wheeler Vehicle Registration by State
- India 3 Wheeler Maker Market Share
- Future Market Size and Segmentations, 2020-2025F
Products
Products
Key Segments Covered
By Wheeler Type
- Passenger
- Goods
- Personal
By Vehicle Category
- Transport
- Non-Transport
Registration by Region
- North
- East
- West
- South
Key Target Audience
- E-Three Wheeler OEMs
- EV Charger Manufacturers
- EV Battery Manufacturers
- Consultancy Companies
- Industry Associations
- Regulatory Bodies
Time Period Captured in the Report:-
- Historical Period – 2016-2020
- Forecast Period – 2020-2025
Companies
3 Wheeler Makers Covered
- Bajaj Auto Ltd
- Piaggio Vehicles Pvt Ltd
- Atul Auto Ltd
- Mahindra & Mahindra Limited
- Yc Electric Vehicle
- Tvs Motor Company Ltd
- J. S. Auto (P) Ltd
- Continental Engines Pvt Ltd
- Saera Electric Auto Pvt Ltd
- Mahindra Reva Electric Vehicles Pvt Ltd
- Vani Electric Vehicles Pvt Ltd
- Champion Poly Plast
- Terra Motors India Pvt Ltd
- Dilli Electric Auto Pvt Ltd
- G.K. Rickshaw
- Best Way Agencies Pvt Ltd
- Thukral Electric Bikes Pvt Ltd
- Scooters India Ltd
- Mini Metro Ev L.L.P
- Unique International
- Grd Motors
- Pubang Etron Electric Motor Pvt Ltd
- Energy Electric Vehicles
- Zeniak Innovation India Ltd
- Allfine Industries Pvt Ltd
- Delta Autocorp Llp
Electric 3 Wheeler Makers Covered
- YC Electric Vehicle
- Mahindra & Mahindra Limited
- Saera Electric Auto Pvt Ltd
- Mahindra Reva Electric Vehicles Pvt Ltd
- Vani Electric Vehicles Pvt Ltd
- Champion Poly Plast
- Terra Motors India Pvt Ltd
- Dilli Electric Auto Pvt Ltd
- G.K. Rickshaw
- Best Way Agencies Pvt Ltd
- Thukral Electric Bikes Pvt Ltd
- Mini Metro Ev L.L.P
- Unique International
- Grd Motors
- Pubang Etron Electric Motor Pvt Ltd
- Energy Electric Vehicles
- Zeniak Innovation India Ltd
- J. S. Auto (P) Ltd
- Allfine Industries Pvt Ltd
- Delta Autocorp Llp
Table of Contents
Table of Contents
Three Wheeler Market Review
Three Wheeler Registration Volume (in units), 2016 - 2020
By Vehicle Category (Transport and Non-Transport)
By Fuel (Petrol, CNG, Diesel, LNG and Electric)
By Wheeler Type (Passenger Carrier Load Carrier and Personal)
By Passenger Carrier
Fuel (Petrol, CNG, Diesel, LNG and Electric)
By Load Carrier
Fuel (Petrol, CNG, Diesel, LNG and Electric)
By Personal Carrier
Fuel (Petrol, CNG, Diesel, LNG and Electric)
Three Wheeler Market Size by Region (North, East, West and South), 2016 - 2020
By Wheeler Type (Passenger Carrier, Load Carrier, Personal)
By Vehicle Category
By Fuel (Petrol, CNG, Diesel, LNG and Electric)
Three Wheeler Market Size by States (32 States), 2016 - 2020
By Wheeler Type (Passenger Carrier, Load Carrier, Personal)
By Vehicle Category
By Fuel (Petrol, CNG, Diesel, LNG and Electric)
Electric Three Wheeler Market Outlook, 2016 - 2020
Electric - Three Wheeler Registration Volume (in Units), 2016 - 2020
By Wheeler Type (Passenger Carrier, Load Carrier, Personal)
By Vehicle Category
Electric - Three Wheeler Market Size by States (32 States), 2016 - 2020
By Wheeler Type (Passenger Carrier, Load Carrier, Personal)
By Vehicle Category
Electric - Three Wheeler Market Size by Region (North, East, West and South), 2016 - 2020
By Wheeler Type (Passenger Carrier, Load Carrier, Personal)
By Vehicle Category
Market Dynamics
Drivers
Challenges
Value Chain
Key participant and their respective roles
Margin at each level
Market Trends & Development
SWOT Analysis of 3W industry
Market Share of Companies, 2016 - 2020
Market Share Analysis of Three Wheeler Companies (top 26 companies), 2016 - 2020
Market Share Analysis of Electric Three Wheeler Companies (Top 20 companies), 2016 - 2020
CNG Adoption Trend
Current Vol & expected in 2030 in Key States
Trends towards the Adoption of CNG 3W Vehicles With Respect To Introduction In Key States
Competitive Landscape
Company Description
Business Overview
Year of establishment / entry
Revenue and other key financial indicators of the company
Installed capacity and production (2019, 2020)
Product portfolio and price points
New product launched / planned investments / recent developments
Snapshot on Finance of 3W
Coverage of Finance (w & w/o batteries)
Typical finance schemes few examples
Loan payback period
Amount paid at the end of tenure
Details (Such as plans, offerings, etc) on key startups (Such as 3w united, OTO Capital, Autovert etc) in NBFC Sector influencing the EV financing market
Snapshot on 3W Vehicle owners (Customers)
Factors influencing purchase decision while purchasing 3Ws
Key features required
Importance of finance schemes to purchase 3W
Key features required / Parameters to prefer E3W
Brand Awareness of E3W vendors
Brand Recall of E3W vendors
Brand satisfaction of E3W vendors
Unmet needs/challenges related with E3W
Current Charging Practices for E3W
Key facilities required at charging stations
Key factors in consideration to choose swap/fixed for charging
Unmet needs/challenges related with charging E3W
Charging Infra in India, Current (FY21) and change by 2030
India EV Charging Infra scenario
Service Charges at public charging stations
Phases of public charging infra rollout
Facilities for re-energizing batteries
Diff refueling options in India
Key Drivers & Barriers
E3W sales forecast (202, 2030) in India based
Pessimistic Scenario
Optimistic Scenario
Realistic Scenario
Future Outlook and Projections of Three Wheeler Market, 2020 - 2025
Three Wheeler Registration Volume (in units), 2020 - 2025
By Vehicle Category (Transport and Non-Transport)
By Fuel (Petrol, CNG, Diesel, LNG and Electric)
By Wheeler Type (Passenger Carrier Load Carrier and Personal)
Future Outlook and Projections of Electric Three Wheeler Market, 2020 - 2025
Electric Three Wheeler Registration Volume (in Units), 2020 - 2025
By Vehicle Category (Transport and Non-Transport)
By Wheeler Type (Passenger Carrier Load Carrier and Personal)
Analyst Recommendations
Disclaimer
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