India three wheeler market is anticipated to grow at double digit CAGR during the forecast period, owing to growing need for last mile connectivity and three wheelers being an inexpensive & eco-friendly alternative to cabs and taxi. India ICE three wheeler market was valued USD 636.57 Million in FY2020 due to increasing population, especially across tier 1, tier 2 and tier 3 towns and cities. Easy manoeuvrability and high fuel efficiency coupled rising popularity of app-based three wheeler booking services are responsible for the increased demand of the three wheeler in India.

India three wheeler market is segmented based on vehicle type, fuel type (ICE), battery capacity (Electric) and by region. Based on vehicle type, the market can be categorized into passenger carrier & load carrier. Passenger carrier held the dominant share of the market with share of 82.48% in FY2020 and the trend is likely to continue through FY2026. The growth of the segment 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.

Based on fuel type, ICE three wheelers are segmented into diesel and petrol/CNG. Market is currently dominated by diesel three wheelers with share of 57.38% in FY2020. Due to rising environment concerns & government restrictions, petrol & alternative fuel driven three wheelers are gaining traction and the trend is likely to continue until FY2026.

Based on battery capacity, electric three wheelers are classified in less than 101 Ah & greater than 101 Ah. Electric three wheeler with battery capacity less than 101 Ah are comparatively inexpensive; therefore, the segment held the dominant share in FY2020. Although, with increasing consumer spending share of electric three wheeler with battery capacity greater than 101 Ah is forecast to increase.

Companies operating in the India three wheeler market include Bajaj Auto Ltd., Piaggio Vehicles Private Limited (India), Mahindra & Mahindra Ltd., Atul Auto Limited, TVS Motor Company Limited, Saera Electric Auto Pvt. Ltd., Lohia Auto Industries, Scooters India Limited, Clean Motion India and Kinetic Green Energy & Power Solutions Ltd. On account of growing concerns over pollution, demand for three wheeler is shifting from traditional fuels such as diesel and petrol to natural and electric. Besides, push by the government in form of subsidies under FAME II scheme is further pushing the sales of electric three wheeler.

Years considered for this report:

Historical Period: FY2016-FY2019

Base Year: FY2020

Estimated Year: FY’2021

Forecast Period: FY2022-FY2026

Objective of the Study:

v  To analyse and forecast the market size of the India Three Wheeler Market, in terms of value and volume.

v  To classify and forecast the India Three Wheeler market based on vehicle type, fuel type (ice), battery capacity (electric), region and company.

v  To identify drivers and challenges for the India Three Wheeler market.

v  To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Three Wheeler market.

 

v  To identify and analyse the profile of leading players involved in the the India Three Wheeler market.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Three Wheeler manufacturers, present globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, application, distribution channel and regional presence of all tractor manufacturers across Global.

TechSci Research calculated the market size of India Three Wheeler market using a bottom up approach, where data for various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. TechSci Research also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports.

Key Target Audience:

v  India Three Wheeler manufacturers, suppliers/ dealers, and other stakeholders

v  Government bodies such as regulating authorities and policy makers

v  Organizations, forums, and alliances related to India Three Wheeler market

v  Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tractor manufacturers, distributors and dealers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion. Thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

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

v  Market, by Vehicle Type:

Ø  Passenger Carrier

Ø  Load Carrier

v  Market, By Fuel Type (ICE):

Ø  Diesel

Ø  Petrol/CNG

v  Market, By Battery Capacity (Electric):

Ø  <100 Ah

Ø  >100 Ah

v  Market, By Region:

Ø  North

Ø  East

Ø  West

Ø  South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Three Wheeler market

Available Customizations:

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

Company Information

v  Detailed analysis and profiling of additional market players (up to ten).

Pricing Analysis

v  Pricing analysis for all the models of leading tractor brands.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Factors Influencing Purchase Decision

4.2.    Influencer of Purchase

4.3.    Brand Switching Attributes 

4.4.    Brand Satisfaction Level

5.       India Three Wheeler Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Carrier & Load Carrier)

5.2.2. By Fuel Type (Diesel, Petrol/CNG & Electric)

5.2.3. By Company

5.2.4. By Region

5.2.5. Model-Wise Sales

6.       India Passenger Carrier Three Wheeler Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Seating Capacity

6.3.    India Wide-Body Three Wheeler Market Size & Forecast

6.4.    India City-Segment Three Wheeler Market Size & Forecast

7.       India Load Carrier Three Wheeler Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Load Capacity

8.       India Three Wheeler Export Analysis

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Market Trends & Developments

11.   SWOT Analysis

12.   Policy & Regulatory Landscape

13.   India Economic Profile

14.   Competitive Landscape

14.1.   Bajaj Auto Limited

14.2.   Piaggio & C. SpA.

14.3.   Mahindra & Mahindra Ltd.

14.4.   Atul Auto Limited

14.5.   TVS Motor Company Limited

14.6.   Saera Electric Auto Pvt. Ltd

14.7.   Lohia Auto Industries

14.8.   Scooters India Limited

14.9.   Clean Motion

14.10.  Kinetic Green Energy & Power Solutions Ltd.

15. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • Figure 1:               India Three Wheeler Market - Factors Influencing Purchase Decision (N=75)

    Figure 2:               India Three Wheeler Market – Influencer of Purchase (N=75)

    Figure 3:               Factors Prompting to Switch to New Brand (N=75)

    Figure 4:               India Three Wheeler Market Brand Satisfaction Level (N=75)

    Figure 5:               India Three Wheeler Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 6:               India Three Wheeler Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7:               India Three Wheeler Market - Brand Satisfaction Level, By Low Maintenance Cost (N=75)

    Figure 8:               India Three Wheeler Market - Brand Satisfaction Level, By Fuel Efficiency (N=75)

    Figure 9:               India Three Wheeler Market - Brand Satisfaction Level, By Dealer/Distributor Discount (N=75)

    Figure 10:            India Three Wheeler Market - Brand Satisfaction Level, By Low Breakdown Frequency (N=75)

    Figure 11:            India Three Wheeler Market - Brand Satisfaction Level, By Seating/Loading Capacity (N=75)

    Figure 12:            India Three Wheeler Market - Brand Satisfaction Level, By Stability on Road (N=75)

    Figure 13:            India ICE Three Wheeler Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY'2026F

    Figure 14:            India ICE Three Wheeler Market  Share, By Vehicle Type, By Volume, FY2016–FY'2026F

    Figure 15:            India ICE Three Wheeler Market  Share, By Fuel Type, By Volume, FY2016–FY'2026F

    Figure 16:            India ICE Three Wheeler Market  Share, By Company, By Volume, FY'2020

    Figure 17:            India ICE Three Wheeler Market  Share, By Region, By Volume, FY'2020

    Figure 18:            India ICE Passenger Carrier Three Wheeler Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY'2026F

    Figure 19:            India Population Distribution by Region, 2019 (Millions)

    Figure 20:            India ICE Passenger Carrier Three Wheeler Market  Share, By Seating Capacity, By Volume, FY2016–FY'2026F

    Figure 21:            India ICE Load Carrier Three Wheeler Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY'2026F

    Figure 22:            India ICE Load Carrier Three Wheeler Market  Share, By Load Capacity, By Volume, FY2016–FY'2026F

    Figure 23:            India Electric Three Wheeler Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY'2026F

    Figure 24:            India Electric Three Wheeler Market  Share, By Vehicle Type, By Volume, FY2016–FY'2026F

    Figure 25:            India Electric Three Wheeler Market  Share, By Battery Capacity, By Volume, FY2016–FY'2026F

    Figure 26:            India Electric Three Wheeler Market  Share, By Company, By Volume, FY'2020

    Figure 27:            India Electric Three Wheeler Market  Share, By Region, By Volume, FY'2020

    Figure 28:            Nigeria Three Wheeler Exports, By Volume (Thousand Units), FY2016-FY2020

    Figure 29:            Bangladesh Three Wheeler Exports, By Volume (Thousand Units), FY2016-FY2020

    Figure 30:            Peru Three Wheeler Exports, By Volume (Thousand Units), FY2016-FY2020

    Figure 31:            Iraq Three Wheeler Exports, By Volume (Thousand Units), FY2016-FY2020

    Figure 32:            Ethiopia Three Wheeler Exports, By Volume (Thousand Units), FY2016-FY2020

     

     

    LIST OF TABLES

     

    Table 1:            India Three Wheeler Sales for Prominent Models in Delhi

    Table 2:            India Three Wheeler Sales for Prominent Models in Lucknow

    Table 3:             India Three Wheeler Sales for Prominent Models in Ghaziabad

    Table 4:              India Three Wheeler Sales for Prominent Models in Noida

    Table 5:             India Three Wheeler Sales for Prominent Models in Gurgaon

    Table 6:             India Three Wheeler Sales for Prominent Models in Patna

    Table 7:             India Three Wheeler Sales for Prominent Models in Kolkata & Outskirts

    Table 8:              India Three Wheeler Sales for Prominent Models in Ranchi

    Table 9:               India Three Wheeler Sales for Prominent Models in Guwahati

    Table 10:              India Three Wheeler Sales for Prominent Models in Bhubaneshwar

    Table 11:              India Three Wheeler Sales for Prominent Models in Pune (& Outskirts)

    Table 12:              India Three Wheeler Sales for Prominent Models in Mumbai

    Table 13:              India Three Wheeler Sales for Prominent Models in Ahmedabad

    Table 14:              India Three Wheeler Sales for Prominent Models in Gandhinagar

    Table 15:              India Three Wheeler Sales for Prominent Models in Jaipur

    Table 16:              India Three Wheeler Sales for Prominent Models in Bangalore

    Table 17:              India Three Wheeler Sales for Prominent Models in Chennai

    Table 18:              India Three Wheeler Sales for Prominent Models in Hyderabad

    Table 19:              India Three Wheeler Sales for Prominent Models in Coimbatore

    Table 20:              India Three Wheeler Sales for Prominent Models in Thiruvanthapuram

    Table 21:              List of Prominent Three Wheeler Dealers/Distributors in North India, as of 2020

    Table 22:              List of Prominent Three Wheeler Dealers/Distributors in West India, as of 2020

    Table 23:              List of Prominent Three Wheeler Dealers/Distributors in South India, as of 2020

    Table 24:              List of Prominent Three Wheeler Dealers/Distributors in East India, as of 2020