Top 5 Electric Three-Wheeler Manufacturers in India

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By Priya SinghUpdated On: 05-Apr-2023 10:42 AM

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ByPriya Singh |Updated On: 05-Apr-2023 10:42 AM

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In this article, we will discuss the top 5 electric three-wheeler manufacturers in India.

Electric vehicle sales in the country are increasing and surpassing one million in the fiscal year 2023. During the previous six months, from October 2022 to March 2023, over 1 lakh EV units were sold across India's states. In the calendar year 2022, EV sales in India totalled 10,23,735 units.

Electric three-wheelers, like electric cars and bikes, have gained popularity in recent years. The Indian government also launched a number of programs to promote electric three-wheelers. Thus far, almost 17000 electric three-wheelers have received subsidies under the FAME (Faster Adoption and Manufacture of Electric Vehicles) scheme (2015-2019).

During Phase II of FAME, the government intends to provide subsidies to over 5 lahks electric three-wheelers. Overall, the Indian government intends to take steps toward the ultimate objective of pollution-free transportation.

The electric three-wheeler is becoming popular in the present era. Electric vehicles are a new concept in India that offer significant environmental benefits. Furthermore, it saves consumers from the additional costs associated with periodic increases in fuel prices.

The Indian electric vehicle segment, like the rest of the world, has had rapid growth in recent years. The country's three-wheeler EV sector is one of the most promising in terms of electric mobility. Many EV manufacturing companies are already competing for the top spot in the Indian three-wheeler market.

Also Read: The EV market set a new record with sales of 11.70 lakh vehicles. EV sales are rising!

We have compiled a list of the top 5 electric three-wheeler manufacturers in India. Furthermore, we will speak briefly about each of them. So, let's have a look–

1. Mahindra Electric Ltd.

Mahindra is India's largest vehicle manufacturer. The company has now made its debut in the electric vehicle market. Mahindra is India's leading manufacturer of electric three-wheelers. Under the brand name Mahindra Electric, the company sells electric three-wheelers. It is a national pioneer in electric vehicle technology.

In order to promote electric vehicles in India, Mahindra & Mahindra formed a joint venture with the Reva Electric Company (the country's premier EV manufacturer) in 2010, forming Mahindra Reva Electric Vehicles. It was then renamed Mahindra Electric Mobility.

The brand entered the electric vehicle industry by presenting the Mahindra eKUV 100 at the Auto Expo event. This is India's most affordable electric vehicle. They also debuted Treo Zor, an electric load carrier, and Mahindra Atom, a one-of-a-kind mobility solution.

In addition to these vehicles, Mahindra Electric sells two electric three-wheelers: the Mahindra Treo and the Mahindra e-ALFA Mini. The Mahindra Treo has a cheap running cost of 50 paise per kilometre, helping you to save a lot of money on petrol. It also has an 8 kW AC induction motor with a top speed of 55 KMPH.

The Mahindra Treo is ideal for city commuting from bus and railway stations to your destination because of its ample luggage space. e-ALFA Mini, on the other hand, is ideal for last-mile connectivity in major cities.

Aside from electric cars, Mahindra has a strong presence in the electric 3-wheeler market. Mahindra Electric expanded its presence in the electric three-wheeler category with the introduction of the Mahindra Alpha Mini, Mahindra Treo Zor, and electric Mahindra Treo. As a result, Mahindra is ranked first on our list of the top electric three-wheeler manufacturers in India.

2. Piaggio Vehicles Pvt. Ltd.

Piaggio Vehicles Pvt. Ltd. (PVPL) is the pioneer of three-wheeled goods transportation in India. The organization provides the most comprehensive last-mile transportation service. In 1884, Rinaldo Piaggio founded the company. It is now the European market leader. In India, it has a 3-wheeler sector for each fuel type.

Piaggio introduced electric three-wheelers in India with advanced technology. The advent of the Piaggio Ape' electric three-wheeler line in the three-wheeler transport and passenger vehicle category has increased demand for Piaggio.

Ape E-city and Ape E-Xtra are India's most powerful electric 3-wheeler transport vehicles. As a result, Electric 3 Wheeler Company is ranked second among India's leading manufacturers of electric vehicles.

In February 2022, the Pune-based automaker unveiled its FX series, which includes both cargo and passenger vehicles. Following this, the firm claimed to have captured 55% of the cargo electric three-wheeler market. According to Piaggio, the Apé E-City FX passenger vehicle is the most profitable three-wheeler for its clients.

Piaggio has pledged its support for sustainable mobility by sponsoring the Swachh Bharat Mission. It has created institutional and government applications, including the first-of-its-kind EV garbage tipper for the Swachh Bharat application. It has an established yearly production capacity of about 380,000 commercial vehicles with a manufacturing unit in Baramati, Maharashtra. Ape E-city and Ape E-Xtra, India's most powerful electric 3-wheeler transport vehicles, are among its offerings.

3. Euler Motors

The world is turning electric, and Euler Motors provides unique electric 3-wheelers in India. Saurav Kumar founded Euler Motors, a Delhi-based firm, in 2018. Euler Motors is another well-known electric 3-wheeler maker in India.

Hiload EV, the company's first electric 3-wheeler in the transport category, was just unveiled. According to the company, it is the most powerful electric cargo three-wheeler in the country. As a result, the company is ranked third among the top electric vehicle companies in India.

Also Read: 5 most popular Electric Cargo Three-Wheelers in India

4. Atul Auto

Atul Auto Limited is one of India's top makers of electric vehicles. The company has a large selection of three-wheelers in the passenger and cargo vehicle markets. In India, Atul Auto is one of the top five three-wheeler brands in the globe.

The first electric three-wheeler company appeared in the 1970s and began operations in 1986. Almost 1 million Atul vehicles are now on the road around the world. As a result, it is one of the youngest and fastest-growing companies.

In India, Atul Motors provides a good selection of electric 3-wheelers to assist in electric development. The business introduced the "Elite" electric 3-wheeler for the Indian market. As a result, it is ranked fourth among EV producers in India.

5. Kinetic Green

Kinetic Green is an Indian automobile company started in 1972 by HK Firodia. In 1975, the brand introduced the first indigenous Luna Moped. Kinetic Green is now quite prominent in the Indian vehicle market and is one of the most popular auto brands. Furthermore, Kinetic offers a large choice of electric 3-wheelers, clearly demonstrating its goal of "Think Electric, Think Kinetic."

Kinetic Safar Jumbo, India's first high-performance electric cargo three-wheeler, was introduced last year. Kinetic green continues to expand as a result of such items. As a result, it ranked fifth among the top Electric 3 Wheeler Manufacturers.