India electric three wheeler market is projected to cross $ 1 billion FY 2023F. Growth in the market is led by the growing need to curb the air pollution levels and the rising incentive schemes by the government to support manufacturing as well as use of electric three wheelers. Moreover, consistently increasing affordability of electric three wheelers is also boosting their adoption across the country. Increasing investments by electric vehicle manufacturers to develop more advanced, efficient and affordable electric three wheelers is likely to fuel growth in India electric three wheeler market in the coming years.

Years considered for this report:

Historical Years: FY 2013 – FY 2016

Base Year: FY 2017

Estimated Year: FY 2018

Forecast Period: FY 2019 – FY2023

Objective of the Study:

• To assess the demand for electric three wheelers in the country.
• To analyze and forecast the market size of electric three wheeler market across the country.
• To classify and forecast India electric three wheeler market on the basis vehicle type, battery capacity and region.
• To identify drivers and challenges for India electric three wheeler market.
• To identify market trends and developments in India electric three wheeler market.
• To identify and analyze the profile of leading players involved in India electric three wheeler market.

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Some of the major companies operating in India electric three wheeler market include    Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Hero Electric Vehicles Pvt Ltd, Saera Electric Auto Pvt. Ltd., Terra Motors India Corp., and Clean Motion.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric three wheeler manufacturers and companies operating in different regions in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include system manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed service offerings, regional network, and regional presence of all major companies across the country.

TechSci Research calculated the market size for India electric three wheeler market using a bottom-up technique, wherein the value service data for different vehicle types was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, World Bank, Company Websites, company annual reports, white papers, investor presentations and financial reports were also reviewed by TechSci Research.

Key Target Audience:

• India electric three wheeler manufacturers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to electric three wheelers
• Government bodies such as regulating authorities and policymakers
• Market research and consulting companies.

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric vehicle manufacturers, customers and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India electric three wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Market, by Vehicle Type:

• Passenger Carrier
• Load Carrier

·         Market, by Battery Capacity:

o    <101Ah

o    >101Ah

·         Market, by Company:

o    Hero Electric Vehicles Pvt. Ltd.

o    Lohia Auto Industries

o    Kinetic Green Energy & Power Solutions Ltd.

·         Market, by Region:

o    North

o    West

o    South

o    East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present across the country in the electric three wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players.