Report Description

India Three Wheeler Market By Vehicle Type (Passenger Carrier and Load Carrier), By Fuel Type (Diesel, Electric and Petrol/CNG), Competition Forecast and Opportunities, 2013 - 2023

  • Publish Date:June, 2018
  • Format : PDF
  • Pages : 66
  • Industry : Automotive

India three wheeler market is projected to exhibit a CAGR of more than 15% by 2023. Growing demand for three wheelers in the country is backed by their various advantages of three wheelers such as high fuel efficiency, easy manoeuvrability, rising demand for last mile connectivity and increasing population, especially across tier 1, tier 2 and tier 3 towns and cities. Moreover, new models launched by leading three wheeler companies is expected to aid the growth of India three wheeler market in the coming years.

Years considered for this report:

Historical Years:2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyze and forecast the market size of three wheelers.
  • To classify and forecast three wheeler market based on vehicle type, fuel type and region.
  • To identify drivers and challenges for India three wheeler market.
  • To identify and analyze the profiles of leading players involved in the manufacturing of three wheelers.

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Some of the major players operating in India three wheeler market are Bajaj Auto Limited, Piaggio & C. SpA, Mahindra & Mahindra Ltd., Atul Auto Limited, TVS Motor Company Limited, Saera Electric Auto Pvt. Ltd, Lohia Auto Industries, Scooters India Limited, Clean Motion and Kinetic Green Energy & Power Solutions Ltd.  

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of three wheeler distributors and dealers operating 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 could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major three wheeler companies operating across the country.

TechSci Research calculated the market size for India three wheeler market using a bottom-up technique, wherein the value service data for different vehicle type (Passenger Carrier & Load Carrier) 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 SIAM, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.   

Key Target Audience:

  • Three wheeler manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to three wheeler industry
  • Government bodies such as regulating authorities and policymakers
  • Market research and consulting firms      

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as three wheeler manufacturers, distributors and policy makers. 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 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 Fuel Type
    • Diesel
    • Petrol/CNG
    • Electric
  • Market, by Region:
    • East
    • West
    • North
    • South
  • Market, by Company:
    • Bajaj Auto Limited
    • Piaggio & C. SpA.
    • Mahindra & Mahindra Ltd.
    •  TVS Motor Company Limited
    • Others

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

  • Detailed analysis and profiling of additional market players (up to five).
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