Report Description

The India Three-Wheeler Market is anticipated to register a robust CAGR in terms of value by 2028. One of the main concerns for government and environmentalists in India, over the past few years has been the increase in carbon emissions from fuel-based internal combustion engines. The electric three-wheelers offer an alternative to ICE based cars as their pollution rate is almost zero. Indian government has chosen to replace gasoline-powered vehicles with electric three-wheelers in their public transportation systems because they are more environmentally friendly and have lower long-term operating costs. Additionally, the relatively higher cost of gasoline, CNG, and diesel has caused to shift drivers’ preference towards the electric three-wheeler for shorter distances.

Use of three-wheelers for the Online Groceries & Food Deliveries

Many e-commerce companies have started their operations in the past few years in different states of India, as the internet using population has witnessed growth over the past few years. The e-commerce market is growing rapidly in many states in the country due to the increasing e-commerce activities, such as online food and grocery sales etc., which have increased the demand for three wheelers for delivery purposes. Owing to the easy riding comforts, and easy transmission numerous delivery workers have to depend on three wheelers. The trend for these three wheelers is uplifting manufacturing and the sales of the ICE and electric three wheelers in the country. Many different three-wheeler brands are like Bajaj Auto Ltd., Piaggio Vehicles Private Limited (India), Mahindra & Mahindra Ltd., TVS Motor Company Limited, etc. are launching their models in these segments, and hence this is expected to expand the India three wheelers market in the coming years.