Ad

Ad

Electric three-wheeler sales increased incredibly in June 2023.


By Priya SinghUpdated On: 04-Jul-2023 01:02 PM
noOfViews3,269 Views

Follow Us:follow-image
Shareshare-icon

ByPriya SinghPriya Singh |Updated On: 04-Jul-2023 01:02 PM
Share via:

Follow Us:follow-image
noOfViews3,269 Views

Mahindra Last Mile Mobility maintained its market leadership position in June, with 59% and 21% month-on-month growth in the passenger and commercial electric three-wheeler segments, respectively.

The electric three-wheeler market continued to develop steadily in June, with cumulative sales increasing by 72% year on year.

mahindra-treo-electric-rickshaw-sales-record-2.jpg

Electric three-wheeler sales increased incredibly in June 2023. According to Vahan Data, passenger and commercial electric 3-wheeler sales totalled 48,009 units at the end of the preceding month.

The electric three-wheeler industry, which includes both passenger and commercial three-wheelers, has seen substantial development as a result of continued demand for passenger transportation as well as from last-mile operators for a variety of other uses.

OEM Wise Sales Report

Mahindra Last Mile Mobility maintained its market leadership position in June, with 59% and 21% month-on-month growth in the passenger and commercial electric three-wheeler segments, respectively. MLMM, which extended manufacturing capacity at its Haridwar plant in April with a new line for its Treo e-three-wheelers, presently sells six EVs: the Treo, Treo Yaari, and e-Alfa Mini for passenger transport and the Zor Grand, Treo Zor, and e-Alfa freight for goods transport.

Piaggio is rated second in the leaderboard, with a 30% MOM rise in the passenger category and a -27% MOM growth in the commercial electric three-wheeler segment.

Bajaj Auto made its debut in the electric three-wheeler market this month, selling 111 units and climbing to third place in the passenger electric three-wheeler leaderboard. The organization delivered an excellent performance.

E Royce Motors, on the other hand, is rated third in the commercial market, with a 67% MOM growth.

Commercial Electric Three Wheeler Sales Data

Mahindra Treo Zor.jpg

| SR.N. | Company Name | Sales in May | Sales in June | MOM Growth (%) ||-------|-----------------------|--------------|---------------|----------------|| 1. | MAHINDRA MOBILITY | 512 | 620 | 21% || 2. | PIAGGIO VEHICLES | 403 | 295 | -27% || 3. | E ROYCE MOTORS INDIA | 160 | 267 | 67% || 4. | EULER MOTORS | 141 | 194 | 38% || 5. | ATUL AUTO | 110 | 192 | 75% || 6. | OMEGA SEIKI | 170 | 188 | 11% || 7. | ALTIGREEN PROPULSION | 146 | 168 | 15% || 8. | REEP INDUSTRIES | 95 | 151 | 59% || 9. | KUMARAN ENGINEERING | 131 | 33 | -75% || 10. | DILLI ELECTRIC AUTO | 14 | 14 | 0% |

Passenger Electric Three-wheeler Sales Data

Mahindra E-Alfa Mini.png

| SR.N. | Company Name | Sales in May | Sales in June | MOM Growth(%) ||-------|-----------------------------|--------------|---------------|---------------|| 1. | MAHINDRA LAST MILE MOBILITY | 1,236 | 1,964 | 59% || 2. | PIAGGIO VEHICLES | 1,136 | 1,475 | 30% || 3. | BAJAJ AUTO | 0 | 111 | – || 4. | ATUL AUTO | 64 | 66 | 3% || 5. | DILLI ELECTRIC AUTO | 134 | 58 | -57% || 6. | KINETIC GREEN | 12 | 27 | 125% || 7. | CONTINENTAL ENGINES | 9 | 24 | 167% || 8. | YC ELECTRIC VEHICLE | 12 | 21 | 75% || 9. | MINI METRO EV L.L.P | 15 | 17 | 13% || 10. | OMEGA SEIKI MOBILITY | 10 | 15 | 50% |

The electric three-wheeler market continued to develop steadily in June, with cumulative sales increasing by 72% year on year. Despite the FAME II subsidy drop, this is the segment's strongest monthly sales to date.

The FAME scheme, governmental subsidies, and a wide range of products across vehicle segments are driving India's goal of EVs. The goal of India is to account for 30% of its mobility needs by 2030.

The domestic EV industry's sales rise in 2023 can be attributable to increased product availability, high petrol, diesel, and CNG prices, state subsidies, and FAME II perks.

It also helps that consumer awareness of the importance of environmentally friendly transportation is expanding. And, of course, the low long-term cost of ownership of EVs is a significant motivator.

Given the current rate of expansion, the EV industry is likely to make sustained improvement in the second half of the year. While there is no question that sales of e-two-wheelers will remain under pressure, with monthly sales hovering around 40,000-47,000 units, demand should pick up after September, when the holiday season begins.

News


Ashok Leyland Partners with Nagaland Rural Bank for Vehicle Financing Solutions

Ashok Leyland Partners with Nagaland Rural Bank for Vehicle Financing Solutions

The agreement was signed by C. Neelakantan, Head of Treasury and Direct Taxation at Ashok Leyland, and Velayutham Sadhasivam, Chairman of Nagaland Rural Bank....

02-Apr-25 10:35 AM

Read Full News
VECV Sales Report March 2025: 12,094 Units Sold; Sales Grew by 7.6%

VECV Sales Report March 2025: 12,094 Units Sold; Sales Grew by 7.6%

VECV reports growth in sales for March 2025. Here are the key highlights and performance trends of VECV....

02-Apr-25 08:40 AM

Read Full News
Mahindra Last Mile Mobility Leads Electric Commercial Vehicle Market for Fourth Year

Mahindra Last Mile Mobility Leads Electric Commercial Vehicle Market for Fourth Year

Despite tough competition from big brands and new companies, MLMML has secured a 37.3% market share in the L5 category. ...

02-Apr-25 06:42 AM

Read Full News
Tata Motors registered 41,122 Commercial Vehicle Sales in March 2025

Tata Motors registered 41,122 Commercial Vehicle Sales in March 2025

Discover the latest sales insights from Tata Motors Limited! March 2025 sales: CV Domestic sales were 38,884 units. ...

02-Apr-25 05:37 AM

Read Full News
Ashok Leyland Sales Report March 2025: Reports 4% Growth in Domestic Sales

Ashok Leyland Sales Report March 2025: Reports 4% Growth in Domestic Sales

Explore Ashok Leyland’s sales growth in March 2025, with positive performance in domestic markets, especially in M&HCV truck sales....

01-Apr-25 12:07 PM

Read Full News
Atul Auto Reports Strong Sales Performance for March 2025 and FY 2024-25

Atul Auto Reports Strong Sales Performance for March 2025 and FY 2024-25

Atul Auto recorded total sales of 3,693 units in March 2025, marking an 18.06% increase from 3,128 units sold in March 2024....

01-Apr-25 10:33 AM

Read Full News

Ad

Ad

web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.