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

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
Registration by State

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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