By Priya Singh
3365 Views
Updated On: 06-Nov-2024 01:28 PM
In the FADA sales report for October 2024, 1,22,846 units of three-wheelers were sold compared to 1,10,221 units in October 2023.
Key Highlights:
In the latest FADA Retail Sales Report for October 2024, the three-wheeler sales report showed mixed results across different categories when compared to September 2024 and October 2023.
In October 2024, the three-wheeler category recorded sales of 1,22,846 units, marking a month-on-month (MoM) increase of 15.32% from September 2024 and an 11.45% growth compared to October 2023. Here's a breakdown for each category:
E-Rickshaw (Passenger): Sales in October 2024 reached 43,982 units, slightly down from 44,043 units in September 2024, reflecting a 0.14% decrease. Compared to 45,745 units in October 2023, sales declined by 3.85%.
E-Rickshaw with Cart (Goods): This category saw sales of 5,892 units in October 2024, up from 4,569 units in September 2024, marking a month-on-month increase of 28.96%. Compared to 3,019 units in October 2023, sales grew by 95.16% year-over-year.
Three-Wheeler (Goods): In October 2024, sales were 12,709 units, up from 9,108 units in September 2024, resulting in a 39.54% increase. Compared to 10,958 units in October 2023, sales rose by 15.98%.
Three-Wheeler (Passenger): Sales for this category reached 60,169 units in October 2024, an increase from 48,714 units in September 2024, showing a 23.51% rise. Compared to 50,433 units in October 2023, YOY sales increased by 19.30%.
Three-Wheeler (Personal): In October 2024, sales stood at 94 units, up from 90 units in September 2024, reflecting a 4.44% month-on-month increase. Compared to 66 units in October 2023, sales grew by 42.42%.
Three-Wheeler FADA Sales Report: OEM-wise Sales Analysis
In October 2024, the total three-wheeler market recorded sales of 1,22,846 units, reflecting an increase in sales from 1,10,221 units in October 2023. Below is an OEM-wise Sales breakdown:
Bajaj Auto Ltd: Sold 47,978 units in October 2024, capturing 39.06% of the market share. This is an increase from 41,961 units and a 38.07% market share in October 2023.
Piaggio Vehicles Pvt Ltd: Sold 9,041 units in October 2024, holding a 7.36% market share. In October 2023, they sold 9,364 units, with an 8.50% market share.
Mahindra & Mahindra Ltd: Sold 8,290 units in October 2024, achieving a 6.75% market share. This is up from 5,901 units and a 5.35% share in October 2023.
YC Electric Vehicle: Recorded sales of 4,601 units in October 2024, capturing a 3.75% market share, up from 4,068 units and a 3.69% share in October 2023.
Atul Auto Ltd: Sold 3,212 units in October 2024, with a 2.61% market share, compared to 2,186 units and a 1.98% share in October 2023.
Saera Electric Auto Pvt Ltd: Sold 2,484 units in October 2024, holding a 2.02% market share. This is down from 3,132 units and a 2.84% share in October 2023.
TVS Motor Company Ltd: Sold 2,451 units in October 2024, capturing a 2.00% market share, up from 1,584 units and a 1.44% share in October 2023.
Dilli Electric Auto Pvt Ltd: Recorded sales of 2,388 units in October 2024, representing a 1.94% market share, compared to 2,186 units and a 1.98% share in October 2023.
Mini Metro EV LLP: Sold 1,384 units in October 2024, with a 1.13% market share, slightly down from 1,356 units and a 1.23% share in October 2023.
Others (including EVs): Combined sales of other brands, including electric vehicles, reached 41,017 units in October 2024, holding a 33.39% market share. This is an increase from 38,483 units and a 34.91% share in October 2023.
Also Read: FADA Sales Report September 2024: Three-wheeler (3W) sales increased by 0.66% YoY
CMV360 Says
The October 2024 FADA sales report shows good growth in three-wheeler sales, especially for goods carriers and passenger vehicles. This increase shows that more people are choosing affordable and eco-friendly options for transport.
Bajaj Auto continues to lead the market, and the rise in electric three-wheelers is a positive sign for greener choices. However, e-rickshaw sales saw a small drop compared to last year, which suggests more efforts are needed to boost them. Overall, the growth in three-wheeler sales supports India’s changing transportation needs.