By Priya Singh
3994 Views
Updated On: 10-Jun-2024 11:28 AM
In the FADA sales report for May 2024, 98,265 units of three-wheelers were sold compared to 80,105 in April 2024.
Key Highlights:
In the latest FADA Retail Sales Report for May 2024, Three-Wheelers (3W) sales increased by 20.09% YoY. In May '24, a total of 98,265 units of three-wheelers were sold compared to 81,825 in May 2023.
Three-wheeler (3W) MoM sales grew by 22.67%. In May 2024, 98,265 units of three-wheelers were sold compared to 80,105 in April 2024.
Here's a breakdown for each category:
E-RICKSHAW(P):
E-RICKSHAW WITH CART (G):
THREE-WHEELER (GOODS):
THREE-WHEELER (PASSENGER):
THREE-WHEELER (PERSONAL):
In May 2024, the retail sales of three-wheelers saw a notable increase compared to the same period last year. A total of 98,265 units were sold in May 2024, representing a significant rise from the 81,825 units sold in May 2023.
Brand Wise Market Share and Sales Figures:
Bajaj Auto Ltd continues to lead the market with 35,527 units sold, capturing a 36.15% market share, slightly up from 35.52% last year.
Piaggio Vehicles Pvt Ltd sold 7,015 units in May 2024, holding a 7.14% market share, a slight increase from 6.99% in May 2023.
Mahindra & Mahindra Limited recorded 5,286 units sold, accounting for 5.38% of the market, down from 5.88% last year.
YC Electric Vehicle sold 3,779 units, maintaining a 3.85% share, a slight decline from 3.96% in May 2023.
Saera Electric Auto Pvt Ltd had steady sales with 2,474 units and a 2.52% market share, consistent with last year.
Atul Auto Ltd saw a jump in sales to 2,450 units, holding a 2.49% market share, up from 1.92% in May 2023.
Dilli Electric Auto Pvt Ltd sold 2,205 units, representing a 2.24% market share, slightly down from 2.54% in May 2023.
TVS Motor Company Ltd increased its sales to 1,716 units, capturing a 1.75% market share, up from 1.56% in May 2023.
Unique International sold 1,325 units, holding a 1.35% share, slightly down from 1.37% in May 2023.
Mini Metro EV L.L.P sold 1,318 units, accounting for 1.34% of the market, down from 1.47% in May 2023.
Energy Electric Vehicles sold 1,069 units, capturing a 1.09% market share, up from 0.95% in May 2023.
Champion Poly Plast sold 993 units, holding a 1.01% share, down from 1.49% in May 2023.
Hotage Corporation India maintained steady sales with 993 units, representing a 1.01% market share.
Other manufacturers, including various electric vehicle producers, collectively sold 32,115 units, holding a combined market share of 32.68%, slightly up from 32.62% last year.
Also Read: FADA Sales Report April 2024: Three-wheeler (3W) sales increased by 9% YoY
CMV360 Says
The rise in three-wheeler sales in May 2024 shows strong demand in this market. Bajaj Auto Ltd remains the leader, and Mahindra Last Mile Mobility Ltd has made a strong entry.
Electric vehicle manufacturers are also doing well, indicating a shift towards greener transportation. This positive trend suggests good consumer confidence and a better economy, making it a good time for companies to innovate and grow in the three-wheeler market.