The
report titled “India Electric Three Wheeler Market Outlook to 2025- By
Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and
Non-Transport), Registration by Region (North, East, West, South) and
Registration by State” provides a comprehensive
analysis of adoption of electric three wheeler in the India. The report covers
various aspects including the electric 3 wheeler registrations (in units),
market segmentation by wheeler type (passenger, goods, personal), by vehicle
category (transport and non-transport), registration by region (north, east,
west and south) and registration by states. The report also covers 3 wheeler
industry dynamics with focus of registration volume, vehicle type, fuel type,
market share, registration by region etc.) in India. Moreover, the report also
covers the overall competitive landscape and growth drivers and trends and
government role and regulations. The report concludes with market projection
for future, Covid-19 impact, analysts’ take on the future and case studies highlighting
the major opportunities.
India Electric 3
Wheeler Market Overview and Size
The continuous technological
advancement, along with the development of innovative solutions to complement
the reduction of harmful greenhouse gas emission, has significantly pushed the
three-wheeler market to look into future modes of propulsion. Additionally,
three wheelers require low maintenance & have lower cost of ownership,
contributing to the increased share of the three wheeler market in India. Moreover,
latest electric three-wheeler vehicles contain plug-in charging options, while
earlier, the battery of the three-wheel was charged after removing it from the
vehicle. The growing concern over air pollution is pushing the automobile
industry to reduce its carbon footprint, bolstering the need for electric
three-wheelers in the market. Additionally, the market is primarily driven by
strict emission norms/regulations, government incentives, and increasing
environmental awareness. Currently, the e-3W market is dominated by e-rickshaws
as compared to e-autos.
India Electric 3
Wheeler Market Segmentations
By Wheeler Type: Passenger vehicles held
the dominant share of the market in FY2020 and the trend is likely to continue
through the future. Goods carriers are mainly small vans or trucks that are
used for carrying small-scale industrial loads from one place to another. The
growth of passenger vehicle 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.
By Vehicle Category: Electric three
wheelers in India are mainly transport vehicles i.e. they are mainly goods or
passenger carrier. Non-transport vehicles are only those 3 wheelers that are
used for personal purpose.
Registration by
Region & State: Northern & Eastern regions accounts for majority
of the electric 3 wheeler registrations in India. These regions are the fastest-growing
market as many automotive industries are setting up their manufacturing units
in this region. Apart from the measures at the national level, several state
governments are also committed to promoting electric three-wheelers in their
states to drive market growth. Government of Uttar Pradesh, Delhi, Bihar and
West Bengal has taken several initiatives to promote the usage for Electric 3-wheeler.
Competitive Landscape
of India Electric Three Wheeler Market
The
competition in the electric 3 wheeler market in India is highly fragmented where
leading 10-12 manufacturers hold less than 50% share in the market. The major e-3
wheelers include YC Electric Vehicle, Mahindra & Mahindra Ltd, Saera
Electric Auto Pvt Ltd, Mahindra Reva Electric Vehicles Pvt Ltd, Vani Electric
Vehicles Pvt Ltd, Champion Poly Plast, Terra Motors India Pvt Ltd, Dilli
Electric Auto Pvt Ltd, G.K. Rickshaw, Best Way Agencies Pvt Ltd and few others.
However, the 3 wheelers market is highly concentrated as the majority of the
market share is composed by the top 2-3 players. Production Capacity, Pricing,
Battery Type, Range, Speed, Technology, Maintenance Cost, Export Volume are the
key competing parameters for the e-3 wheeler manufactures.
India Electric Three
Wheeler Market Future Outlook and Projections
Electric three vehicles will account
for 65-75% of new three-wheeler (3W) sales by 2030. Electric three-wheelers are
increasingly being adopted by various courier companies for providing last-mile
postal services and reducing carbon emissions at the same time. Besides, push
by the government in form of subsidies under FAME II scheme is expected to
further push the sales of electric 3-wheeler. Numerous technological advancements
such as GPS navigation, remote sensors, anti-theft locking systems, etc., are
further expected to drive the market growth in the coming years. E-3Ws are
economically competitive especially with higher vehicular utilization; this is
contingent on a well-distributed charging infrastructure network that reduces
dead kilometers, and innovative systems such as battery swapping which cuts
down the time spent in battery charging. At the early phase of transition, when
the support infrastructure hasn’t matured enough, financial incentives as well
as non-financial incentives can help forge the transition to e-3Ws. Policy instruments
such as scrappage incentives will further aid in accelerating the adoption of
e-3Ws.
Key Segments Covered:-
By Wheeler Type
Passenger
Goods
Personal
By Vehicle
Category
Transport
Non-Transport
Registration
by Region
North
East
West
South
Registration
by State:-
3 Wheeler Makers Covered:-
Bajaj
Auto Ltd
Piaggio
Vehicles Pvt Ltd
Atul
Auto Ltd
Mahindra
& Mahindra Limited
Yc
Electric Vehicle
Tvs
Motor Company Ltd
J.
S. Auto (P) Ltd
Continental
Engines Pvt Ltd
Saera
Electric Auto Pvt Ltd
Mahindra
Reva Electric Vehicles Pvt Ltd
Vani
Electric Vehicles Pvt Ltd
Champion
Poly Plast
Terra
Motors India Pvt Ltd
Dilli
Electric Auto Pvt Ltd
G.K.
Rickshaw
Best
Way Agencies Pvt Ltd
Thukral
Electric Bikes Pvt Ltd
Scooters
India Ltd
Mini
Metro Ev L.L.P
Unique
International
Grd
Motors
Pubang
Etron Electric Motor Pvt Ltd
Energy
Electric Vehicles
Zeniak
Innovation India Ltd
Allfine
Industries Pvt Ltd
Delta
Autocorp Llp
3 Wheeler Electric Makers Covered:-
YC
Electric Vehicle
Mahindra
& Mahindra Limited
Saera
Electric Auto Pvt Ltd
Mahindra
Reva Electric Vehicles Pvt Ltd
Vani
Electric Vehicles Pvt Ltd
Champion
Poly Plast
Terra
Motors India Pvt Ltd
Dilli
Electric Auto Pvt Ltd
G.K.
Rickshaw
Best
Way Agencies Pvt Ltd
Thukral
Electric Bikes Pvt Ltd
Mini
Metro Ev L.L.P
Unique
International
Grd
Motors
Pubang
Etron Electric Motor Pvt Ltd
Energy
Electric Vehicles
Zeniak
Innovation India Ltd
J.
S. Auto (P) Ltd
Allfine
Industries Pvt Ltd
Delta
Autocorp Llp
Key Target Audience:-
E-Three Wheeler OEMs
EV Charger Manufacturers
EV Battery Manufacturers
Consultancy Companies
Industry Associations
Regulatory Bodies
Time Period Captured in the
Report:-
Historical Period – 2016-2020
Forecast Period – 2020-2025
Key Topics Covered in the Report:-
India E - 3 Wheeler Registration Volumes
India E - 3 Wheeler Type (in Units)
India E - 3 Wheeler Vehicle Category (in Units)
India E - 3 Wheeler Vehicle Registration by
Region
India E - 3 Wheeler Vehicle Registration by State
India E - 3 Wheeler Maker Market Share
India 3 Wheeler Registration Volume
India 3 Wheeler Type (in Units)
India 3 Wheeler Vehicle Category (in Units)
India 3 Wheeler Vehicle Registration by Region
India 3 Wheeler Vehicle Registration by State
India 3 Wheeler Maker Market Share
Future Market Size and Segmentations, 2020-2025F
For More Information on the
research report, refer to below link:-
India
Electric Three Wheeler Market
Related Reports:-
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