Bajaj Auto was the one three wheeler maker to see retail gross sales above the ten,000 unit mark
FADA has launched gross sales particulars of three wheelers and rickshaws bought in Feb 2022. Three wheeler retail gross sales elevated 16.64 % to 38,961 models final month, from 33,404 models bought in February 2021 however dipped 41.13 % as towards 66,185 models bought in February 2020. By way of MoM, gross sales have declined by 2.5%.
Three Wheeler, Rickshaw Gross sales Feb 2022 – Bajaj Leads
Bajaj Auto Restricted headed the checklist with 13,301 models bought in February 2022, up from 12,310 models bought in February 2021. Market share nonetheless, dipped to 34.14 % from 36.85 % held in February 2021. With a lot demand for electrical automobiles in India, Bajaj Auto has plans to launch 3 wheeler EVs within the first quarter of 2023.
Piaggio was at no 2 on the checklist with retail gross sales at 3,967 models previously month. This was a de-growth over 5,182 models bought in February 2021. Market share additionally dipped to 10.18 % from 15.51 % on a YoY foundation.
At No. 3 was YC Electrical with three wheeler retail gross sales at 1,836 models, up from 1,148 models bought in February 2021. Market share has additionally gone as much as 4.71 % from 3.44 % held in February 2021. YC Electrical gross sales stood at 1,836 models final month, up from 1,148 models bought in February 2021 bringing market share as much as 4.71 % from 3.44 % YoY.
Mahindra three wheeler gross sales dipped to 1,297 models in February 2022 from 1,386 models bought in February 2021. Market share of the corporate additionally fell to three.33 % from 4.15 % throughout the mentioned interval.
Atul Auto, Saera Electrical, Mahindra Reva
Atul Auto (1,225 models), Saera Electrical (891 models) and Mahindra Reva (770 models) have been adopted by Champion Poly Plast (729 models) and Greatest Method (724 models) together with TVS Motor (723 models) and Dilli Electrical (711) models). Different three wheeler makers which additionally included EVs noticed gross sales at 10,738 models final month, a big enhance over 8,126 models bought in February 2021.
By way of MoM gross sales efficiency, gross sales have barely declined. In Jan 2022, three wheeler gross sales have been at 39,998 models. Prime 4 gamers remained the identical – Bajaj, Piaggio, YC Electrical and Mahindra.
In associated information – Mahindra has not too long ago entered right into a partnership with CSC – Frequent Service Facilities (CSC), a authorities group, to advertise the adoption of electrical three wheelers like its Treo and Alfa electrical three wheelers in rural markets. Earlier this month, Piaggio launched the primary electrical three wheeler expertise heart in Bhopal, Madhya Pradesh. This may give prospects a platform to view the newly launched FX vary.
Piaggio Apé E-Xtra FX is an electrical cargo service providing 9.5 Kw energy output. It’s constructed on a full steel physique structure and instructions a 6 ft cargo deck size, appropriate for numerous purposes just like the supply van, rubbish collector and many others.