The Three Wheeler Industry is majorly dominated by Passenger Rickshaws. The three wheeler industry along with the commercial vehicle industry is bearing the major impact due to COVID 19.
Three Wheeler Industry is based upon offering a cost effective mode of transportation, the unfavorable post COVID conditions has impacted the business environment of Three Wheeler owners.
Here is a market wise sales performance analysis on Three Wheelers. The analysis relies on registration data from FADA to get a closer estimate of actual sales unlike referring to the wholesale/ off-take data shared by manufacturers.
A total of 15,132 Three Wheelers were registered in the month of July 2020 in comparison to 58,940 Three Wheelers registered in July 2019. A major de-growth of -74.33%
Markets like Uttar Pradesh, Bihar, Rajasthan, West Bengal, Kerala, Odisha, Jharkhand Delhi, Assam and also the surprising markets of Tripura & Mizoram together accounted for 72.81% of Three Wheelers sales in July 2020. These markets have recovered steadily with the demand for three wheelers because of lowered disposable income to purchase a four wheeled commercial vehicle and also the growing demand for e-rickshaw like the Mahindra Treo.
Meanwhile, major markets like Gujarat, Maharashtra, Tamilnadu, Karnataka, Haryana, Punjab were largely affected with slower recovery and a massive slump in demand.
Hope the following analysis to give an idea of Three Wheeler market will be helpful, do share your feedback.