By Priya Singh
3104 Views
Updated On: 07-Feb-2024 04:41 AM
YC Electric, Saera Electric, Dilli Electric, Mahindra & Mahindra and many more have announced their sales figures for January 2024 and strong YoY growth can be seen by almost every automaker.
In this news, we will examine the sales performance of the E-rickshaw and E-cart segments in January 2024 based on the data from the Vahan Dashboard.
Electric three-wheelers (E3W) are an important segment of India's electric vehicle (EV) market, as they offer affordable, convenient, and eco-friendly mobility solutions for passengers and goods.
In this news, we will examine the sales performance of the E-rickshaw and E-cart segments in January 2024 based on the data from the Vahan Dashboard.
E-rickshaw refers to low-speed electric 3Wheelers (up to 25 kmph) used for passenger transportation. On the other hand, E-cart refers to low-speed electric three-wheelers (up to 25 kmph) used for goods transportation. Both e-rickshaws and e-carts are becoming popular choices for transportation in crowded cities and towns because they are quieter, produce fewer pollutants, and are often cheaper to operate than traditional vehicles.
The Electric 3-wheeler passenger segment witnessed a remarkable increase in sales. According to data from the Vahan portal, 40499 units of E-rickshaws were sold in January 2024 compared to 29909 units sold in January 2023.
In Jan 2024, YC Electric, Saera Electric, and Dilli Electric led the e-rickshaw sales. Therefore, let’s explore the sales performance of the Top 5 OEMs in detail.
YC Electric
In January 2024, YC Electric sold 3,112 units, showcasing a 43% year-over-year growth from 2,172 units in January 2023. The month-over-month decline was 12%, down from 3,553 units in December 2023.
Saera Electric
In January 2024, Saera Electric delivered 2,226 units, showcasing a 32% year-over-year growth from 1,685 units in January 2023. The month-over-month decline was 11%, down from 2,494 units in December 2023.
Dilli Electric
In January 2024, Dilli Electric sold 1,679 units, showcasing a 34% year-over-year growth from 1,251 units in January 2023. The month-over-month decline was 15%, down from 1,964 units in December 2023.
Hotage Corporation
In January 2024, Hotage Corporation delivered 1,120 units, showcasing a 62% year-over-year growth from 692 units in January 2023. The month-over-month decline was 12%, down from 1,270 units in December 2023.
Mahindra & Mahindra
In January 2024, Mahindra & Mahindra sold 1,115 units, marking a 43% drop from 1,965 units in January 2023. Compared to December 2023, sales decreased by 30%, down from 1,599 units.
Also Read: EV Sales Report: How E-3W Goods and Passenger Segments Performed in Jan 2024
The Electric 3-wheeler cargo segment witnessed a remarkable increase in sales. As per the Vahan portal data, 3739 units of E-cart were sold in January 2024 compared to 1985 units sold in January 2023.
In Jan 2024, the E-cart sales were led by Dilli Electric, YC Electric Vehicle, and SKS Trade India. Therefore, let’s explore the sales performance of the Top 5 OEMs in detail.
Dilli Electric
In January 2024, Dilli Electric delivered 270 units, showcasing a 58% year-over-year growth from 171 units in January 2023. The month-over-month decline was 8%, down from 292 units in December 2023.
YC Electric Vehicle
In January 2024, YC Electric Vehicle sold 241 units, showcasing a 136% year-over-year growth from 102 units in January 2023. The month-over-month decline was 7%, down from 258 units in December 2023.
SKS Trade India
In January 2024, SKS Trade India delivered 135 units, showcasing a 65% year-over-year growth from 82 units in January 2023. The month-over-month decline was 22%, down from 174 units in December 2023.
REEP Industries
In January 2024, REEP Industries delivered 132 units, showcasing a 2540% year-over-year growth from 5 units in January 2023. The month-over-month growth was 106%.
Saera Electric
In January 2024, Saera Electric delivered 125 units, showcasing a 102% year-over-year growth from 62 units in January 2023. The month-over-month decline was 6%, down from 133 units in December 2023.
In conclusion, the sales performance of electric three-wheelers (E3W) in January 2024 demonstrates their significance in India's electric vehicle market. E-rickshaws and E-carts continue to gain traction as affordable, convenient, and eco-friendly mobility solutions for both passengers and goods transportation.
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