Date of Release- June 2023

The electric three-wheeler PASSENGER market in India has witnessed strong growth in recent years. The government’s push towards electric mobility, the increasing availability of affordable electric vehicles, and the growing concerns over air pollution can be seen as key reasons for this growth. The below report gives a scenario of the market in India in terms of yearly sales, projections, market drivers, challenges, and an overview of key players.

Table of Content

  1. About the Market
    • Market overview – Yearly sales
    • Player-wise sales
    • FY2022 vs FY2023 market share
    • State-wise sales
    • Key market drivers
    • Market Trends
  2. E3W Passenger market outlook
    • Market projection up to 2030
    • Market projection in value
  3. New product launches in FY2023
  4. Total Cost of Ownership (TCO) Analysis
  5. Policies and Regulations
    • Models approved under FAME II
    • E-rickshaw and L5M models approved under FAME II by players
    • Other central government schemes
    • State level incentives
  6. Investments raised
  7. Risks and Challenges
  8. Key Players/E3W OEMs overview (Overview, Model specifications, Component Suppliers)
    • Mahindra
    • YC Electric
    • Saera Electric
    • Dilli Electric
    • Champion Polyplast
  9. Annexure
    • Policy Incentives in different states

List of Figures

Figure 1: Electric three-wheeler Passenger sales in India

Figure 2: Player-wise E3W-Passenger sales

Figure 3: Sales in FY2022 (No. of units sold)

Figure 4: Sales in FY2023 (No. of units sold)

Figure 5: State-wise E3W-Passenger Sales

Figure 6: E3W-P sales projections

Figure 7: Range vs Top-speed for new models launched in FY2023

Figure 8: Comparison of TCO per km of E3W with different fuel types and different average daily travel distances

Figure 9: Status of Approved E3W-P models under FAME

Figure 10: Number of L5M and e-rickshaw approved models

Figure 11: Sales in units of Mahindra’s E3W-P vehicles

Figure 12: Sales in units of YC Electric’s E3W-P vehicles

Figure 13: Sales in units of Saera Electric’s E3W-P vehicles

Figure 14: Sales in units of Dilli Electric’s E3W-P vehicles

Figure 15: Sales in units of Champion Polyplast’s E3W-P vehicles

List of Tables

Table 1: Summary of State-wise E3W policies

Table 2: Mahindra’s E3W-P models

Table 3: Yatri’s E3W-P models

Table 4: Saera Electric’s E3W-P models

Table 5: Dilli Electric’s E3W-P models

Table 6: Champion Poly Plast’s E3W-P models

Table 7: (Annexure) Policy incentives in different states

Price: INR 2 lacs+18% GST (USD 2500)

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