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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Electric Three-wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India electric three-wheeler market grew at a CAGR of 20% during 2015-2020. Electric three-wheelers, commonly known as e-rickshaws, have emerged as a convenient and eco-friendly mode of public transportation in India. These vehicles operate with the help of battery-based electric motors that reduce additional costs related to fuel consumption. Electric three-wheelers are primarily classified into passenger carriers and load carriers. The high adoption rate of these electric vehicles depends upon their zero carbon emissions, compact design, cost-effectiveness, and noise-free travel experience. In India, the rising concerns towards high vehicular pollution levels are currently driving the demand for electric three-wheelers.

The soaring prices of several transportation fuels, such as diesel, petrol, LPG, CNG, etc., have led to a rising inclination towards electric three-wheelers in the country. Furthermore, the growing number of initiatives and awareness programs by the Indian government to reduce GHG emissions from fuel-powered vehicles is also propelling the market growth. In addition to this, the government has also introduced numerous subsidies and financial aids on the purchase of electric three-wheeler vehicles, thereby further augmenting the market. Moreover, the rising investments in the upgradation of public charging infrastructures for electric three-wheelers are also driving the product demand in the country. Apart from this, several ridesharing companies in India are getting inclined towards electric three-wheelers for providing noise-free and ecologically-sustainable rides to their customers. Moreover, electric three-wheelers are increasingly being adopted by various courier companies for providing last-mile postal services and reducing carbon emissions at the same time. Numerous technological advancements have led to the integration of three-wheelers with GPS navigation, remote sensors, anti-theft locking systems, etc., which are further expected to drive the market growth in the coming years. Looking forward, IMARC Group expects the India electric three-wheeler market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India electric three-wheeler market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, vehicle type, battery type, drive type, motor type, power output and voltage capacity.

Breakup by Vehicle Type:

  • Passenger Carrier
  • Load Carrier
     

Breakup by Battery Type:

  • Lithium Ion
  • Lead Acid
     

Breakup by Drive Type:

  • Hub Type
  • Chassis Mounted
     

Breakup by Motor Type:

  • BLDC Motor (Brushless DC Motor)
  • PMSM (Permanent Magnet Synchronous Motor)
     

Breakup by Power Output:

  • <3 kW
  • 3 – 6 kW
  • 7 – 10 kW
  • >10 kW
     

Breakup by Voltage Capacity:

  • 48 – 59V
  • 60 – 72V
  • 73 – 96V
  • Above 96V
     

Breakup by Region:

  • North India
  • East India
  • West and Central India
  • South India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Mahindra Electric Mobility Limited, TVS Motors, Bajaj Auto Limited, Kinetic Green, Piaggio, Lohia Auto (The Lohia Group of Industries), Saera Electric Auto, Altigreen Propulsion Labs, Terra Motors India and Ceeon India.

Key Questions Answered in This Report:

  • How has the India electric three-wheeler market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India electric three-wheeler market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the drive type?
  • What is the breakup of the market based on the motor type?
  • What is the breakup of the market based on the power output?
  • What is the breakup of the market based on the voltage capacity?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What are the price trends of India electric three-wheeler market?
  • What is the structure of the India electric three-wheeler market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Research Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology 
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Electric Three-Wheeler Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Value Trends
        5.2.2    Volume Trends
    5.3    Impact of COVID-19
    5.4    Market Forecast
        5.4.1    Value Trends
        5.4.2    Volume Trends      
6    Market Breakup by Vehicle Type
    6.1    Passenger Carrier        
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Load Carrier
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Battery Type
    7.1    Lithium Ion 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Lead Acid
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Drive Type
    8.1    Hub Type
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Chassis Mounted
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Motor Type
    9.1    BLDC Motor (Brushless DC Motor) 
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    PMSM (Permanent Magnet Synchronous Motor)
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Power Output
    10.1    <3 kW
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    3 – 6 kW
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    7 – 10 kW
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    >10 kW
        10.4.1 Market Trends
        10.4.2 Market Forecast
11    Market Breakup by Voltage Capacity
    11.1    48 – 59V
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    60 – 72V
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    73 – 96V
        11.3.1 Market Trends
        11.3.2 Market Forecast
    11.4    Above 96V
        11.4.1 Market Trends
        11.4.2 Market Forecast
12    Market Breakup by Region
    12.1    North India
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    East India
        12.2.1    Market Trends
        12.2.2    Market Forecast
    12.3    West and Central India
        12.3.1    Market Trends
        12.3.2    Market Forecast
    12.4    South India
        12.4.1    Market Trends
        12.4.2    Market Forecast
13    SWOT Analysis
   13.1    Overview
   13.2    Strengths
   13.3    Weaknesses
   13.4    Opportunities
   13.5    Threats
14    Value Chain Analysis
15    Porter’s Five Forces Analysis

   15.1    Overview
   15.2    Buyer’s Power
   15.3    Supplier’s Power
   15.4    New Entrants
   15.5    Degree of Rivalry
   15.6    Substitutes
16    Price Analysis
17    Government Regulations
18    Strategic Recommendations
19    Key Players & Company Profile Analysis

    19.1    Market Structure
    19.2    Key Players 
    19.3    Profiles of Key Players
        19.3.1    Mahindra Electric Mobility Limited
           19.3.1.1 Company Overview
           19.3.1.2 Product Portfolio 
        19.3.2    TVS Motors
           19.3.2.1 Company Overview
           19.3.2.2 Product Portfolio 
        19.3.3    Bajaj Auto Limited
           19.3.3.1 Company Overview
           19.3.3.2 Product Portfolio 
        19.3.4    Kinetic Green
           19.3.4.1 Company Overview
           19.3.4.2 Product Portfolio 
        19.3.5    Piaggio
           19.3.5.1 Company Overview
           19.3.5.2 Product Portfolio 
        19.3.6    Lohia Auto (The Lohia Group of Industries)
           19.3.6.1 Company Overview
           19.3.6.2 Product Portfolio 
        19.3.7    Saera Electric Auto
           19.3.7.1 Company Overview
           19.3.7.2 Product Portfolio 
        19.3.8    Altigreen Propulsion Labs
           19.3.8.1 Company Overview
           19.3.8.2 Product Portfolio 
        19.3.9    Terra Motors India
           19.3.9.1 Company Overview
           19.3.9.2 Product Portfolio 
        19.3.10   Ceeon India
           19.3.10.1 Company Overview
           19.3.10.2 Product Portfolio

List of Figures

Figure 1: India: Electric Three-Wheeler Market: Major Drivers and Challenges
Figure 2: India: Electric Three-Wheeler Market: Value Trends (in Million US$), 2015-2020
Figure 3: India: Electric Three-Wheeler Market: Volume Trends (in 000 units), 2015-2020
Figure 4: India: Electric Three-Wheeler Market: Breakup by Vehicle Type (in %), 2020
Figure 5: India: Electric Three-Wheeler Market: Breakup by Battery Type (in %), 2020
Figure 6: India: Electric Three-Wheeler Market: Breakup by Drive Type (in %), 2020
Figure 7: India: Electric Three-Wheeler Market: Breakup by Motor Type (in %), 2020
Figure 8: India: Electric Three-Wheeler Market: Breakup by Power Output (in %), 2020
Figure 9: India: Electric Three-Wheeler Market: Breakup by Voltage Capacity (in %), 2020
Figure 10: India: Electric Three-Wheeler Market: Breakup by Region (in %), 2020
Figure 11: India: Electric Three-Wheeler Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 12: India: Electric Three-Wheeler Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 13: India: Electric Three-Wheeler (Passenger Carrier) Market: Value Trends (in Million US$), 2015 & 2020
Figure 14: India: Electric Three-Wheeler (Passenger Carrier) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 15: India: Electric Three-Wheeler (Passenger Carrier) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 16: India: Electric Three-Wheeler (Passenger Carrier) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 17: India: Electric Three-Wheeler (Load Carrier) Market: Value Trends (in Million US$), 2015 & 2020
Figure 18: India: Electric Three-Wheeler (Load Carrier) Market Forecast:  Value Trends (in Million US$), 2021-2026
Figure 19: India: Electric Three-Wheeler (Load Carrier) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 20: India: Electric Three-Wheeler (Load Carrier) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 21: India: Electric Three-Wheeler (Lithium Ion) Market: Value Trends (in Million US$), 2015 & 2020
Figure 22: India: Electric Three-Wheeler (Lithium Ion) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 23: India: Electric Three-Wheeler (Lithium Ion) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 24: India: Electric Three-Wheeler (Lithium Ion) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 25: India: Electric Three-Wheeler (Lead Acid) Market: Value Trends (in Million US$), 2015 & 2020
Figure 26: India: Electric Three-Wheeler (Lead Acid) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 27: India: Electric Three-Wheeler (Lead Acid) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 28: India: Electric Three-Wheeler (Lead Acid) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 29: India: Electric Three-Wheeler (Hub Type) Market: Value Trends (in Million US$), 2015 & 2020
Figure 30: India: Electric Three-Wheeler (Hub Type) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 31: India: Electric Three-Wheeler (Hub Type) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 32: India: Electric Three-Wheeler (Hub Type) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 33: India: Electric Three-Wheeler (Chassis Mounted) Market: Value Trends (in Million US$), 2015 & 2020
Figure 34: India: Electric Three-Wheeler (Chassis Mounted) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 35: India: Electric Three-Wheeler (Chassis Mounted) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 36: India: Electric Three-Wheeler (Chassis Mounted) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 37: India: Electric Three-Wheeler (BLDC Motor) Market: Value Trends (in Million US$), 2015 & 2020
Figure 38: India: Electric Three-Wheeler (BLDC Motor) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 39: India: Electric Three-Wheeler (BLDC Motor) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 40: India: Electric Three-Wheeler (BLDC Motor) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 41: India: Electric Three-Wheeler (PMSM) Market: Value Trends (in Million US$), 2015 & 2020
Figure 42: India: Electric Three-Wheeler (PMSM) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 43: India: Electric Three-Wheeler (PMSM) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 44: India: Electric Three-Wheeler (PMSM) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 45: India: Electric Three-Wheeler (<3 kW) Market: Value Trends (in Million US$), 2015 & 2020
Figure 46: India: Electric Three-Wheeler (<3 kW) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 47: India: Electric Three-Wheeler (<3 kW) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 48: India: Electric Three-Wheeler (<3 kW) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 49: India: Electric Three-Wheeler (3 – 6 kW) Market: Value Trends (in Million US$), 2015 & 2020
Figure 50: India: Electric Three-Wheeler (3 – 6 kW) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 51: India: Electric Three-Wheeler (3 – 6 kW) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 52: India: Electric Three-Wheeler (3 – 6 kW) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 53: India: Electric Three-Wheeler (7 – 10 kW) Market: Value Trends (in Million US$), 2015 & 2020
Figure 54: India: Electric Three-Wheeler (7 – 10 kW) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 55: India: Electric Three-Wheeler (7 – 10 kW) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 56: India: Electric Three-Wheeler (7 – 10 kW) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 57: India: Electric Three-Wheeler (>10 kW) Market: Value Trends (in Million US$), 2015 & 2020
Figure 58: India: Electric Three-Wheeler (>10 kW) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 59: India: Electric Three-Wheeler (>10 kW) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 60: India: Electric Three-Wheeler (>10 kW) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 61: India: Electric Three-Wheeler (48 – 59V) Market: Value Trends (in Million US$), 2015 & 2020
Figure 62: India: Electric Three-Wheeler (48 – 59V) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 63: India: Electric Three-Wheeler (48 – 59V) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 64: India: Electric Three-Wheeler (48 – 59V) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 65: India: Electric Three-Wheeler (60 – 72V) Market: Value Trends (in Million US$), 2015 & 2020
Figure 66: India: Electric Three-Wheeler (60 – 72V) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 67: India: Electric Three-Wheeler (60 – 72V) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 68: India: Electric Three-Wheeler (60 – 72V) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 69: India: Electric Three-Wheeler (73 – 96V) Market: Value Trends (in Million US$), 2015 & 2020
Figure 70: India: Electric Three-Wheeler (73 – 96V) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 71: India: Electric Three-Wheeler (73 – 96V) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 72: India: Electric Three-Wheeler (73 – 96V) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 73: India: Electric Three-Wheeler (Above 96V) Market: Value Trends (in Million US$), 2015 & 2020
Figure 74: India: Electric Three-Wheeler (Above 96V) Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 75: India: Electric Three-Wheeler (Above 96V) Market: Volume Trends (in 000 units), 2015 & 2020
Figure 76: India: Electric Three-Wheeler (Above 96V) Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 77: North India: Electric Three-Wheeler Market: Value Trends (in Million US$), 2015 & 2020
Figure 78: North India: Electric Three-Wheeler Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 79: North India: Electric Three-Wheeler Market: Volume Trends (in 000 units), 2015 & 2020
Figure 80: North India: Electric Three-Wheeler Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 81: East India: Electric Three-Wheeler Market: Value Trends (in Million US$), 2015 & 2020
Figure 82: East India: Electric Three-Wheeler Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 83: East India: Electric Three-Wheeler Market: Volume Trends (in 000 units), 2015 & 2020
Figure 84: East India: Electric Three-Wheeler Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 85: West and Central India: Electric Three-Wheeler Market: Value Trends (in Million US$), 2015 & 2020
Figure 86: West and Central India: Electric Three-Wheeler Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 87: West and Central India: Electric Three-Wheeler Market: Volume Trends (in 000 units), 2015 & 2020
Figure 88: West and Central India: Electric Three-Wheeler Market Forecast: Volume Trends (in 000 units), 2021-2026
Figure 89: South India: Electric Three-Wheeler Market: Value Trends (in Million US$), 2015 & 2020
Figure 90: South India: Electric Three-Wheeler Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 91: South India: Electric Three-Wheeler Market: Volume Trends (in 000 units), 2015 & 2020
Figure 92: South India: Electric Three-Wheeler Market Forecast: Volume Trends (in 000 units), 2021-2026    
Figure 93: India: Electric Three-Wheeler Industry: SWOT Analysis
Figure 94: India: Electric Three-Wheeler Industry: Value Chain Analysis
Figure 95: India: Electric Three-Wheeler Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Electric Three-Wheeler Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Electric Three-Wheeler Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: India: Electric Three-Wheeler Market Forecast: Breakup by Vehicle Type (in 000 units), 2021-2026
Table 4: India: Electric Three-Wheeler Market Forecast: Breakup by Battery Type (in Million US$), 2021-2026
Table 5: India: Electric Three-Wheeler Market Forecast: Breakup by Battery Type (in 000 units), 2021-2026
Table 6: India: Electric Three-Wheeler Market Forecast: Breakup Drive Type (in Million US$), 2021-2026
Table 7: India: Electric Three-Wheeler Market Forecast: Breakup Drive Type (in 000 units), 2021-2026
Table 8: India: Electric Three-Wheeler Market Forecast: Breakup Motor Type (in Million US$), 2021-2026
Table 9: India: Electric Three-Wheeler Market Forecast: Breakup Motor Type (in 000 units), 2021-2026
Table 10: India: Electric Three-Wheeler Market Forecast: Breakup Power Output (in Million US$), 2021-2026
Table 11: India: Electric Three-Wheeler Market Forecast: Breakup Power Output (in 000 units), 2021-2026
Table 12: India: Electric Three-Wheeler Market Forecast: Breakup Voltage Capacity (in Million US$), 2021-2026
Table 13: India: Electric Three-Wheeler Market Forecast: Breakup Voltage Capacity (in 000 units), 2021-2026
Table 14: India: Electric Three-Wheeler Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 15: India: Electric Three-Wheeler Market Forecast: Breakup by Region (in 000 units), 2021-2026
Table 16: India: Electric Three-Wheeler Market: Key Price Indicators
Table 17: India: Electric Three-Wheeler Market: Competitive Structure
Table 18: India: Electric Three-Wheeler Market: Key Players

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