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The three Wheeler segment emerged as the early adaptors of electric vehicles and currently, Electric Rickshaws have gained a crucial hold in sales. All EVs combined have almost outsold the Market Leader Bajaj in May’21 volumes as per FADA’s registration data!
The overall 3 Wheeler segment reported a gain of -76% in May’21 vs April’21. The segment has seen a drastic fall in volumes over the past 1-2 years.
Bajaj Auto maintained its Numero Uno spot. However; it registered a fall of -76% MoM and its market share was retained.
Piaggio MoM sales fell by -80% and it could sell only 664units in May 2021. It recorded a Market Share fall of -2,89%.
Due to Covid19 led Supply Chain disruptions; M&M could launch the BS6 range of three-wheelers only in Oct’20 and is now focusing on the electric 3W range to gain sales. It anyhow recorded the high MoM fall and ranked third.
Rajkot-based Atul Auto stood fourth in the list and saw its volumes dipping by -66% MoM in May’21!
Do note that ‘Others including EV’ had the low MoM decline and also the highest Market Share increase (14.3%). We expect that the EV’s are rapidly catching up in the 3W space and are reflecting accordingly in the sales volumes.
1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
Market Intelligence Partner : AutoPunditz