Electric 3 wheeler Market by End Use (Passenger Carriers, Load Carriers), Range (Less than 50 miles, above 50 miles), Battery Type (Lead Acid, Lithium-ion), Battery Capacity, Motor Type, Motor Power, Payload Capacity and Region – Global Forecast to 2030
The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, registering a CAGR of 2.2%. The electric 3 wheeler market is expanding rapidly due to rising demand for economical and environmentally friendly transportation alternatives in densely populated urban areas. Electric 3 wheelers are a low-cost, low-emission alternative to regular gasoline-powered vehicles. Government policies and incentives are another aspect driving the growth of the electric 3 wheeler market. Numerous countries are making efforts to minimize carbon dioxide emissions and promote the adoption of electric vehicles. These policies include subsidies, tax rebates for electric 3 wheeler manufacturers and customers, and investments in charging infrastructure.
'Load Carrier segment to be the fastest growing segment during the forecast period'
The demand for Electric 3 wheeler load carriers has been rising due to the increased focus of countries on emission reduction. Various retail, logistics, and courier companies have already started adopting Electric 3 wheelers on a small scale. With technological advancements and the development of more vehicles, the adoption rate of Electric 3 wheeler load carriers will grow exponentially. The Electric 3 wheeler is a cost-effective and eco-friendly mode of transportation, making it ideal for businesses that must move goods quickly and efficiently. This type of vehicle is also a great choice for businesses that want to reduce their environmental impact. OEMs are partnering with logistics and last-mile delivery providers to increase the application of Electric 3 wheelers in the industry.
'Lead acid to remain the favoured battery chemistry in most developing countries segment during the forecast period'
Lead-acid batteries offer advantages such as low cost, high current delivery, and low internal impedance. The charging time of lead-acid batteries ranges between 6 and 8 hours, with a battery capacity of up to 6 kWh. However, they come with drawbacks such as slow charging times, high maintenance, and lower energy density compared to alternatives like lithium-ion batteries. Despite these limitations, lead-acid batteries remain popular in applications like electric 3-wheelers due to their affordability and availability, particularly in regions like Asia Pacific where last-mile transportation demands are high. The market sees a significant presence of lead-acid battery-powered electric 3-wheelers, driven by their lower pricing compared to ICE counterparts. As the demand for emission-free vehicles rises, manufacturers are exploring options that offer longer ranges and more battery life cycles. Nevertheless, lead-acid batteries continue to find applications, especially in electric 3-wheelers, where affordability remains a key factor influencing consumer choices.
“Asia Pacific to be the largest market during the forecast period.”
Asia Pacific to be the largest market during the forecast period. Increasing government initiatives to promote EVs in India, Sri Lanka, Bangladesh, Japan, and the Philippines will boost the electric 3 wheeler market. The Japanese government has taken steps to increase the adoption of EVs in the country as part of its emission reduction programs, leading to the growth of Japan's electric 3 wheeler industry. Similarly, Bangladesh prepared an auto industry policy that called for at least 15% of registered vehicles to be powered by “environment-friendly electricity” in 2030. This is expected to drive the electric 3 wheeler market in Bangladesh. Further, Philippines has been promoting the use of electric 3 wheelers across the country, including as a form of public transportation. Major cities in the Philippines have started using electric 3 wheelers to transport residents and transient workers. Electric 3 wheelers are also used in the country’s major business districts and urban areas. Such factors are expected to keep Asia Pacific the leading electric 3 wheeler market.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
The report covers the electric 3 wheeler market, in terms of End Use (Passenger Carrier, and Load Carrier), Range (Less than 50 miles, and above 50 miles), Battery Type (Lead Acid, Lithium-ion, and Others), Battery Capacity (Below 5 KWH, 5-8 KWH, and Above 8 KWH), Motor Type (Hub Motor, Mid Motor, and Other Motors), Motor Power (Below 1500 W, 1500-2500 W, and Above 2500 W) Payload Capacity (Upto 300 kg, 300 kg to 500 kg, and Above 500 kg), Region (Asia Pacific, Europe, North America, and Row). It covers the competitive landscape and company profiles of the major players in the electric 3 wheeler market ecosystem.
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
'Load Carrier segment to be the fastest growing segment during the forecast period'
The demand for Electric 3 wheeler load carriers has been rising due to the increased focus of countries on emission reduction. Various retail, logistics, and courier companies have already started adopting Electric 3 wheelers on a small scale. With technological advancements and the development of more vehicles, the adoption rate of Electric 3 wheeler load carriers will grow exponentially. The Electric 3 wheeler is a cost-effective and eco-friendly mode of transportation, making it ideal for businesses that must move goods quickly and efficiently. This type of vehicle is also a great choice for businesses that want to reduce their environmental impact. OEMs are partnering with logistics and last-mile delivery providers to increase the application of Electric 3 wheelers in the industry.
'Lead acid to remain the favoured battery chemistry in most developing countries segment during the forecast period'
Lead-acid batteries offer advantages such as low cost, high current delivery, and low internal impedance. The charging time of lead-acid batteries ranges between 6 and 8 hours, with a battery capacity of up to 6 kWh. However, they come with drawbacks such as slow charging times, high maintenance, and lower energy density compared to alternatives like lithium-ion batteries. Despite these limitations, lead-acid batteries remain popular in applications like electric 3-wheelers due to their affordability and availability, particularly in regions like Asia Pacific where last-mile transportation demands are high. The market sees a significant presence of lead-acid battery-powered electric 3-wheelers, driven by their lower pricing compared to ICE counterparts. As the demand for emission-free vehicles rises, manufacturers are exploring options that offer longer ranges and more battery life cycles. Nevertheless, lead-acid batteries continue to find applications, especially in electric 3-wheelers, where affordability remains a key factor influencing consumer choices.
“Asia Pacific to be the largest market during the forecast period.”
Asia Pacific to be the largest market during the forecast period. Increasing government initiatives to promote EVs in India, Sri Lanka, Bangladesh, Japan, and the Philippines will boost the electric 3 wheeler market. The Japanese government has taken steps to increase the adoption of EVs in the country as part of its emission reduction programs, leading to the growth of Japan's electric 3 wheeler industry. Similarly, Bangladesh prepared an auto industry policy that called for at least 15% of registered vehicles to be powered by “environment-friendly electricity” in 2030. This is expected to drive the electric 3 wheeler market in Bangladesh. Further, Philippines has been promoting the use of electric 3 wheelers across the country, including as a form of public transportation. Major cities in the Philippines have started using electric 3 wheelers to transport residents and transient workers. Electric 3 wheelers are also used in the country’s major business districts and urban areas. Such factors are expected to keep Asia Pacific the leading electric 3 wheeler market.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs – 24%, Tier I – 67%, Tier II and Tier III – 9%
- By Designation: CXOs – 33%, Managers – 52%, Executives – 15%
- By Country: North America – 6%, Europe – 8%, Asia Pacific – 68%, and Rest of the World – 18%
Research Coverage:
The report covers the electric 3 wheeler market, in terms of End Use (Passenger Carrier, and Load Carrier), Range (Less than 50 miles, and above 50 miles), Battery Type (Lead Acid, Lithium-ion, and Others), Battery Capacity (Below 5 KWH, 5-8 KWH, and Above 8 KWH), Motor Type (Hub Motor, Mid Motor, and Other Motors), Motor Power (Below 1500 W, 1500-2500 W, and Above 2500 W) Payload Capacity (Upto 300 kg, 300 kg to 500 kg, and Above 500 kg), Region (Asia Pacific, Europe, North America, and Row). It covers the competitive landscape and company profiles of the major players in the electric 3 wheeler market ecosystem.
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric 3 wheeler ecosystem and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- This report will also help stakeholders understand the market's pulse and provide information on key market drivers, restraints, challenges, and opportunities.
- Analysis of key drivers (Low operating and maintenance costs, Government incentives and subsidies, Advancements in battery technology and reducing battery prices, and Established market for 3 wheelers in urban transportation), restraints (Lack of charging infrastructure, and Limited power output, range, and speed), challenges (Automobile manufacturer- and customer-oriented policies to promote electric 3 wheeler sales, and Partnerships between OEMs and delivery and logistics fleet operators), and opportunities (Limited battery capacity, High initial investments compared to ICE variants, and Lack of compatibility, interchangeability, and standardization).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the electric 3 wheeler market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the electric 3 wheeler market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric 3 wheeler market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 ELECTRIC 3 WHEELER MARKET, BY END USE
TABLE 2 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
TABLE 3 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
TABLE 4 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
TABLE 5 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
TABLE 6 ELECTRIC 3 WHEELER MARKET, BY RANGE
TABLE 7 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 8 ELECTRIC 3 WHEELER MARKET: INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 MARKET SEGMENTATION
1.4.1 REGION SCOPE
1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 9 CURRENCY EXCHANGE RATES
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 ELECTRIC 3 WHEELER MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.2 KEY SECONDARY SOURCES
2.1.2.1 List of secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews – demand and supply sides
2.1.3.2 Key industry insights and breakdown of primary interviews
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.3.3 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 8 TOP-DOWN APPROACH
FIGURE 9 ELECTRIC 3 WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY
2.2.3 RECESSION IMPACT ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 12 FACTORS DRIVING ELECTRIC 3 WHEELER MARKET
FIGURE 13 ELECTRIC 3 WHEELER MARKET DYNAMICS
FIGURE 14 INDIA TO DOMINATE ELECTRIC 3 WHEELER MARKET FROM 2024 TO 2030
FIGURE 15 KEY PLAYERS IN ELECTRIC 3 WHEELER MARKET
FIGURE 16 PASSENGER CARRIERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC 3 WHEELER MARKET
FIGURE 17 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE MARKET
4.2 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
FIGURE 18 1,500–2,500 W SEGMENT TO LEAD MARKET FROM 2024 TO 2030
4.3 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
FIGURE 19 LITHIUM-ION SEGMENT TO LEAD MARKET BY 2030
4.4 ELECTRIC 3 WHEELER MARKET, BY RANGE
FIGURE 20 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR FROM 2024 TO 2030
4.5 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
FIGURE 21 5–8 KWH SEGMENT TO LEAD MARKET FROM 2024 TO 2030
4.6 ELECTRIC 3 WHEELER MARKET, BY END USE
FIGURE 22 PASSENGER CARRIERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.7 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
FIGURE 23 300–500 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.8 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
FIGURE 24 MID MOTORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.9 ELECTRIC 3 WHEELER MARKET, BY COUNTRY
FIGURE 25 INDIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 26 ELECTRIC 3 WHEELER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Low operating and maintenance costs
FIGURE 27 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION
TABLE 10 MAINTENANCE COST OF ELECTRIC 3 WHEELERS, BY VEHICLE MODEL
TABLE 11 AVERAGE ENERGY CONSUMPTION OF 3 WHEELERS
5.2.1.2 Government incentives and subsidies
TABLE 12 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2023
TABLE 13 BUDGETARY ALLOCATION AND EXPENDITURE OF FUNDS UNDER FAME II
5.2.1.3 Advancements in battery technology and reducing battery prices
TABLE 14 COMPARISON OF BATTERY TECHNOLOGIES IN ELECTRIC 3 WHEELERS
TABLE 15 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
FIGURE 28 LITHIUM-ION BATTERY PACK AND CELL PRICE SPLIT, 2013–2023 (USD/KWH)
5.2.1.4 Established market for 3 wheelers in urban transportation
FIGURE 29 ASIA PACIFIC: ELECTRIC 3 WHEELER SALES, 2020–2023 (THOUSAND UNITS)
5.2.1.5 Stringent emission norms and environmental regulations
TABLE 16 EMISSION REGULATION SPECIFICATIONS OF KEY COUNTRIES, BY FUEL TYPE, 2016–2023
5.2.2 RESTRAINTS
5.2.2.1 Lack of charging infrastructure
FIGURE 30 EV CHARGING STATION NETWORK IN INDIA
5.2.2.2 Limited power output, range, and speed
TABLE 17 ELECTRIC 3 WHEELER RANGE
5.2.3 OPPORTUNITIES
5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote electric 3 wheeler sales
5.2.3.2 Partnerships between OEMs and delivery and logistics fleet operators
TABLE 18 INDIA: ROLE OF E-RICKSHAW VS. ELECTRIC AUTO RICKSHAW
5.2.4 CHALLENGES
5.2.4.1 Limited battery capacity
TABLE 19 BATTERY CAPACITIES OF POPULAR ELECTRIC 3 WHEELER MODELS
5.2.4.2 High initial investments compared to ICE variants
FIGURE 31 AVERAGE TOTAL COST OF CONVENTIONAL VS ELECTRIC 3 WHEELERS (2023)
5.2.4.3 Lack of compatibility, interchangeability, and standardization
TABLE 20 ELECTRIC 3 WHEELER MARKET: IMPACT OF MARKET DYNAMICS
5.3 VALUE CHAIN ANALYSIS
FIGURE 32 ELECTRIC 3 WHEELER MARKET: VALUE CHAIN ANALYSIS
5.4 PRICING ANALYSIS
5.4.1 OEM-WISE PRICING ANALYSIS
TABLE 21 OEM ELECTRIC 3 WHEELER PRICING ANALYSIS, 2023 (USD)
5.4.2 ASIA PACIFIC: AVERAGE SELLING PRICE TREND
TABLE 22 ELECTRIC 3 WHEELER MARKET: ASIA PACIFIC AVERAGE PRICE TREND, 2020–2030
FIGURE 33 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPLIT, 2013–2023 (USD/KWH)
5.5 ECOSYSTEM ANALYSIS
FIGURE 34 ELECTRIC 3 WHEELER MARKET ECOSYSTEM ANALYSIS
5.5.1 OEMS
5.5.2 RAW MATERIAL SUPPLIERS
5.5.3 BATTERY MANUFACTURERS
5.5.4 CHARGING INFRASTRUCTURE PROVIDERS
5.5.5 POWERTRAIN MANUFACTURERS
5.5.6 COMPONENT MANUFACTURERS
TABLE 23 ELECTRIC 3 WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.6 TOTAL COST OF OWNERSHIP (TCO) ANALYSIS
TABLE 24 TCO COMPARISON ACROSS ELECTRIC 3W VS DIESEL 3W VEHICLES (2023)
TABLE 25 TCO COMPARISON ACROSS ELECTRIC 3W VS DIESEL 3W VEHICLES (2030)
5.7 BILL OF MATERIALS (BOM) ANALYSIS
FIGURE 35 BILL OF MATERIALS FOR ELECTRIC 3 WHEELER COMPONENTS (2023)
5.8 INVESTMENT AND FUNDING SCENARIO
FIGURE 36 ELECTRIC 3 WHEELER MARKET: INVESTMENT AND FUNDING SCENARIO, 2020–2023
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 PASSENGER CARRIERS
5.9.2 LOAD CARRIERS
5.10 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END USES
TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END USES (%)
5.10.1 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA FOR TOP 2 END USES
TABLE 27 KEY BUYING CRITERIA FOR TOP 2 END USES
5.11 TRADE ANALYSIS
5.11.1 IMPORT/EXPORT SCENARIO (HS CODE 870390)
TABLE 28 IMPORT DATA FOR HS CODE 870390, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 29 EXPORT DATA FOR HS CODE 870390, BY COUNTRY, 2020–2023 (USD MILLION)
5.12 TECHNOLOGY ANALYSIS
5.12.1 KEY TECHNOLOGIES
5.12.1.1 Regenerative braking systems
FIGURE 39 REGENERATIVE BRAKING IN ELECTRIC 3 WHEELERS
5.12.1.2 Solid-state battery (SSB)
5.12.2 COMPLEMENTARY TECHNOLOGIES
5.12.2.1 Battery swapping in electric 3 wheelers
FIGURE 40 PHOTOVOLTAIC (PV)-BASED BATTERY SWAPPING STATIONS
5.12.3 ADJACENT TECHNOLOGIES
5.12.3.1 IoT in electric 3 wheelers
FIGURE 41 IOT-ENABLED SMART GRID
5.12.3.2 Hydrogen fuel cell
FIGURE 42 COMPARISON OF HYDROGEN AND ELECTRIC VEHICLE DRIVE
5.13 PATENT ANALYSIS
FIGURE 43 NUMBER OF PUBLISHED PATENTS, 2014–2023
5.13.1 LEGAL STATUS OF PATENTS
FIGURE 44 LEGAL STATUS OF PATENTS FILED FOR ELECTRIC 3 WHEELERS
5.13.2 TOP PATENT APPLICANTS
FIGURE 45 TOP PATENT APPLICANTS, 2014–2023
TABLE 30 PATENT ANALYSIS
5.14 CASE STUDIES
5.14.1 CASE STUDY 1: RACE ENERGY’S BATTERY-SWAPPING SOLUTION
5.14.2 CASE STUDY 2: OPTIMIZING ELECTRIC VEHICLE PERFORMANCE IN WEST BENGAL’S HETEROGENEOUS TRAFFIC
5.14.3 CASE STUDY 3: ALTIGREEN’S ELECTRIC 3 WHEELER CARGO REVOLUTION
5.14.4 CASE STUDY 4: KOCHI’S JOURNEY TO ELECTRIC AUTORICKSHAWS
5.14.5 CASE STUDY 5: TURNO’S ELECTRIC GOODS VEHICLES TRANSFORM DAIRY DISTRIBUTION
5.14.6 CASE STUDY 6: ZYNGO EV MOBILITY’S PATH TO SUSTAINABLE DELIVERY SOLUTIONS IN INDIA
5.14.7 CASE STUDY 7: ELECTRIC 3 WHEELER LOGISTICS FLEET OPERATION WITH CAPTIVE PLUG-IN CHARGING
5.14.8 CASE STUDY 8: ELECTRIC 3 WHEELER LOGISTICS FLEET OPERATION WITH BATTERY SWAPPING
5.15 REGULATORY LANDSCAPE
5.15.1 INDIA
TABLE 31 SUBSIDY BY VEHICLE TYPE UNDER FAME II
TABLE 32 INDIA: GOVERNMENT INCENTIVES, BY STATE
5.15.2 CHINA
5.15.3 THAILAND
5.15.4 VIETNAM
5.15.5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 33 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 34 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 35 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.16 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 46 ELECTRIC 3 WHEELER MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.17 KEY CONFERENCES AND EVENTS
TABLE 36 ELECTRIC 3 WHEELER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024
5.18 FUNCTIONAL SAFETY (FUSA) IN AUTOMOTIVE
TABLE 37 AUTOMOTIVE SAFETY INTEGRITY LEVELS FOR AUTOMOTIVE INDUSTRY
FIGURE 47 ASIL FOR ELECTRIFICATION COMPONENTS IN EVS
5.18.1 MAJOR FUNCTIONAL SAFETY (FUSA) USE CASES IN EVS
5.18.1.1 High-power vehicle architecture
5.18.1.2 Battery management systems
5.18.1.3 Current protection systems
5.18.1.4 Thermal management systems
5.18.2 FUNCTIONAL SAFETY TRENDS
6 ELECTRIC 3 WHEELER MARKET, BY END USE
6.1 INTRODUCTION
FIGURE 48 LOAD CARRIERS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 38 ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (USD MILLION)
TABLE 39 ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (USD MILLION)
TABLE 40 ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 41 ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
6.1.1 OPERATIONAL DATA
TABLE 42 TOP-SELLING ELECTRIC 3 WHEELER MODELS, BY END USE
6.2 PASSENGER CARRIERS
6.2.1 DEMAND FOR COST-EFFECTIVE URBAN TRANSPORTATION TO DRIVE MARKET
TABLE 43 PASSENGER CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 44 PASSENGER CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
6.3 LOAD CARRIERS
6.3.1 GOVERNMENT INCENTIVE SCHEMES AND SUBSIDY PROGRAMS TO DRIVE MARKET
TABLE 45 LOAD CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 46 LOAD CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
6.4 KEY PRIMARY INSIGHTS
7 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
7.1 INTRODUCTION
FIGURE 49 LITHIUM-ION SEGMENT TO LEAD MARKET BY 2030
TABLE 47 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 48 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
7.1.1 OPERATIONAL DATA
TABLE 49 ELECTRIC 3 WHEELER MODELS, BY BATTERY TYPE
TABLE 50 REPLACEMENT COST FOR BATTERY PACKS
7.2 LEAD-ACID
7.2.1 DEMAND FOR AFFORDABLE LAST-MILE TRANSPORTATION AND LOGISTICS SERVICES TO DRIVE MARKET
7.3 LITHIUM-ION
7.3.1 ONGOING INNOVATIONS AND ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
TABLE 51 COST OF POPULAR LITHIUM-ION BATTERIES FOR ELECTRIC 3 WHEELERS
7.4 OTHERS
TABLE 52 SODIUM-ION BATTERY PROVIDERS
7.5 KEY PRIMARY INSIGHTS
8 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
8.1 INTRODUCTION
TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS
FIGURE 50 5–8 KWH SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 54 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 55 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
8.2 BELOW 5 KWH
8.2.1 DEMAND FOR AFFORDABLE AND ZERO-EMISSION TRANSPORTATION TO DRIVE MARKET
TABLE 56 BELOW 5 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
8.3 5–8 KWH
8.3.1 NEED FOR HIGHER RANGE AND CARRIAGE CAPACITY TO DRIVE MARKET
TABLE 57 5–8 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
8.4 ABOVE 8 KWH
8.4.1 GROWING DEMAND FOR HIGHER BATTERY CAPACITY FOR LAST-MILE DELIVERY TO DRIVE MARKET
TABLE 58 ABOVE 8 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
8.5 KEY PRIMARY INSIGHTS
9 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
9.1 INTRODUCTION
FIGURE 51 MID MOTOR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 59 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 60 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
9.2 HUB MOTORS
9.2.1 NEED FOR RESPONSIVE ACCELERATION, PRECISE CONTROL, AND LOW MAINTENANCE TO DRIVE DEMAND
TABLE 61 HUB MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 62 HUB MOTOR: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
9.3 MID MOTORS
9.3.1 COST-EFFECTIVENESS AND HIGHER EFFICIENCY TO DRIVE DEMAND
TABLE 63 MID MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 64 MID MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
9.4 OTHER MOTORS
9.5 KEY PRIMARY INSIGHTS
10 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
10.1 INTRODUCTION
FIGURE 52 1,500–2,500 W SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 65 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 66 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
10.1.1 OPERATIONAL DATA
TABLE 67 POPULAR ELECTRIC 3 WHEELER MODELS, BY MOTOR POWER
FIGURE 53 ELECTRIC 3 WHEELER POWERTRAIN ARCHITECTURE
TABLE 68 FACTORS DECIDING MOTOR POWER OF ELECTRIC 3 WHEELERS
10.2 BELOW 1,500 W
10.2.1 DECARBONIZATION OBJECTIVES AND STRINGENT GOVERNMENT EMISSION REGULATIONS TO DRIVE MARKET
TABLE 69 BELOW 1,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 70 BELOW 1,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
10.3 1,500–2,500 W
10.3.1 GROWING FOCUS OF OEMS ON PERFORMANCE ENHANCEMENT TO DRIVE MARKET
TABLE 71 1,500–2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 72 1,500–2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
10.4 ABOVE 2,500 W
10.4.1 CONTINUED INNOVATION AND INVESTMENT IN ELECTRIC VEHICLE TECHNOLOGY TO DRIVE MARKET
TABLE 73 ABOVE 2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 74 ABOVE 2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
10.5 KEY PRIMARY INSIGHTS
11 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
11.1 INTRODUCTION
FIGURE 54 300–500 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 75 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2020–2023 (UNITS)
TABLE 76 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2024–2030 (UNITS)
11.2 UP TO 300 KG
11.2.1 INCREASING DEMAND FOR AFFORDABLE ELECTRIC 3 WHEELERS TO DRIVE MARKET
11.3 300–500 KG
11.3.1 INCREASING DEMAND IN E-COMMERCE AND LOGISTICS TO DRIVE SEGMENT
TABLE 77 300–500 KG LOAD CAPACITY MODELS
11.4 ABOVE 500 KG
11.4.1 GROWING DEMAND FOR SUSTAINABLE TRANSPORTATION SOLUTIONS IN LOGISTICS INDUSTRY TO DRIVE MARKET
TABLE 78 ABOVE 500 KG PAYLOAD CAPACITY MODELS
11.5 KEY PRIMARY INSIGHTS
12 ELECTRIC 3 WHEELER MARKET, BY RANGE
12.1 INTRODUCTION
FIGURE 55 LESS THAN 50 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 79 ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 80 ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
12.2 LESS THAN 50 MILES
12.2.1 DEMAND FOR SHORT-DISTANCE URBAN COMMUTING AND TRANSPORTATION TO DRIVE SEGMENT
12.2.2 OPERATIONAL DATA
TABLE 81 ELECTRIC 3 WHEELER MODELS WITH LESS THAN 50 MILES RANGE
TABLE 82 LESS THAN 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 83 LESS THAN 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
12.3 ABOVE 50 MILES
12.3.1 IMPROVEMENT IN BATTERY TECHNOLOGY TO DRIVE SEGMENT
12.3.2 OPERATIONAL DATA
TABLE 84 ELECTRIC 3 WHEELER MODELS WITH ABOVE 50 MILES RANGE
TABLE 85 ABOVE 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 86 ABOVE 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
12.4 KEY PRIMARY INSIGHTS
13 ELECTRIC 3 WHEELER MARKET, BY REGION
13.1 INTRODUCTION
FIGURE 56 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024 VS. 2030
TABLE 87 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 88 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 89 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (USD MILLION)
TABLE 90 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (USD MILLION)
13.2 ASIA PACIFIC
FIGURE 57 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET SNAPSHOT
13.2.1 RECESSION IMPACT ANALYSIS
13.2.2 INDIA
13.2.2.1 Increasing trend of last-mile delivery and battery swapping to drive market
TABLE 91 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC 3 WHEELERS, BY STATE
TABLE 92 COMPANIES ADOPTING ELECTRIC 3 WHEELER LOAD CARRIERS IN INDIA
TABLE 93 DEVELOPMENTS OF BATTERY SWAPPING STATIONS IN INDIA
TABLE 94 INDIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 95 INDIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 96 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 97 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 98 INDIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 99 INDIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 100 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 101 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 102 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 103 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 104 INDIA: ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2020–2023 (UNITS)
TABLE 105 INDIA: ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2024–2030 (UNITS)
TABLE 106 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 107 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.3 JAPAN
13.2.3.1 Government focus on improving electric vehicle ecosystem to drive market
TABLE 108 GOVERNMENT INITIATIVES FOR EV ADOPTION IN JAPAN
TABLE 109 JAPAN: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 110 JAPAN: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 111 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 112 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 113 JAPAN: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 114 JAPAN: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 115 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 116 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 117 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 118 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 119 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 120 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.4 THAILAND
13.2.4.1 Growing demand for e-tuk-tuk for local transport to drive market
TABLE 121 GOVERNMENT INITIATIVES FOR EV ADOPTION IN THAILAND
TABLE 122 THAILAND: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 123 THAILAND: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 124 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 125 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 126 THAILAND: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 127 THAILAND: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 128 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 129 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 130 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 131 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 132 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 133 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY MOTOR TYPE, 2024–2030 (UNITS)
13.2.5 BANGLADESH
13.2.5.1 Developments by major OEMs to drive market
TABLE 134 ELECTRIC 3 WHEELER DEVELOPMENTS IN BANGLADESH
TABLE 135 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 136 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 137 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 138 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 139 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 140 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 141 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 142 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 143 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 144 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 145 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 146 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.6 NEPAL
13.2.6.1 Private sector financing to drive market
TABLE 147 GOVERNMENT INITIATIVES FOR EV ADOPTION IN NEPAL
TABLE 148 MAJOR ELECTRIC 3 WHEELER INVESTMENTS PROPOSED IN NEPAL
TABLE 149 NEPAL: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 150 NEPAL: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 151 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 152 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 153 NEPAL: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 154 NEPAL: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 155 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 156 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 157 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 158 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 159 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 160 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.7 SRI LANKA
13.2.7.1 OEM initiatives towards green mobility to drive market
TABLE 161 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2023)
TABLE 162 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 163 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 164 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 165 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 166 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 167 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 168 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 169 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 170 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 171 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 172 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 173 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.8 INDONESIA
13.2.8.1 Removal of import duties and luxury tax on EVs to drive market
TABLE 174 GOVERNMENT INITIATIVES FOR EV ADOPTION IN INDONESIA
TABLE 175 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 176 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 177 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 178 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 179 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 180 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 181 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 182 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 183 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 184 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 185 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 186 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.9 PHILIPPINES
13.2.9.1 Rising tourism sector to drive market
TABLE 187 GOVERNMENT INITIATIVES FOR EV ADOPTION IN PHILIPPINES
TABLE 188 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 189 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 190 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 191 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 192 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 193 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 194 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 195 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 196 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 197 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 198 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 199 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.10 VIETNAM
13.2.10.1 Supportive government policies for EV adoption to improve air quality to drive market
TABLE 200 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 201 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 202 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 203 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 204 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 205 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 206 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 207 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 208 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 209 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 210 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 211 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.11 CHINA
13.2.11.1 Improved charging infrastructure to drive market
TABLE 212 EV INFRASTRUCTURE IN CHINA
TABLE 213 EV BATTERY MANUFACTURERS IN CHINA
13.2.12 SINGAPORE
13.2.12.1 Government focus on green mobility to drive market
TABLE 214 GOVERNMENT INITIATIVES FOR EV ADOPTION IN SINGAPORE
13.3 EUROPE
13.3.1 RECESSION IMPACT ANALYSIS
13.3.2 GERMANY
13.3.2.1 Growing micro-mobility and cargo last-mile delivery demand to drive market
TABLE 215 GOVERNMENT INITIATIVES FOR EV ADOPTION IN GERMANY
13.3.3 FRANCE
13.3.3.1 Need for zero-emission last-mile delivery to drive market
TABLE 216 GOVERNMENT INITIATIVES FOR EV ADOPTION IN FRANCE
13.3.4 SPAIN
13.3.4.1 Government support and incentives to drive market
TABLE 217 GOVERNMENT INITIATIVES FOR EV ADOPTION IN SPAIN
13.3.5 ITALY
13.3.5.1 Strong R&D ecosystem for electric 3 wheelers to drive market
TABLE 218 GOVERNMENT INITIATIVES FOR EV ADOPTION IN ITALY
13.3.6 UK
13.3.6.1 Government plans to electrify all on-road vehicles from 2035 to drive market
TABLE 219 GOVERNMENT INITIATIVES FOR EV ADOPTION IN UK
13.4 NORTH AMERICA
13.4.1 RECESSION IMPACT ANALYSIS
13.4.2 US
13.4.2.1 Government plans to slash tailpipe emissions by 49% by 2032 to drive market
TABLE 220 GOVERNMENT INITIATIVES FOR EV ADOPTION IN US
13.4.3 CANADA
13.4.3.1 Demand for electric trikes for personal use to drive market
TABLE 221 GOVERNMENT INITIATIVES FOR EV ADOPTION IN CANADA
13.5 REST OF THE WORLD
13.5.1 RECESSION IMPACT ANALYSIS
13.5.2 SAUDI ARABIA
13.5.2.1 Backing from public investment fund to drive market
13.5.3 SOUTH AFRICA
13.5.3.1 Increase in EV imports and improvement in EV charging infrastructure to drive market
13.5.4 UAE
13.5.4.1 National electric vehicles policy to drive market
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES, 2021–2024
TABLE 222 KEY PLAYER STRATEGIES, JANUARY 2021– MARCH 2024
14.3 MARKET SHARE ANALYSIS
TABLE 223 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2023
FIGURE 58 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
14.4 REVENUE ANALYSIS
FIGURE 59 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
14.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 60 COMPANY VALUATION OF ELECTRIC 3 WHEELER MANUFACTURERS
FIGURE 61 FINANCIAL METRICS OF ELECTRIC 3 WHEELER MANUFACTURERS
14.6 BRAND/PRODUCT COMPARISON
FIGURE 62 BRAND/PRODUCT COMPARISON OF TOP FIVE PLAYERS
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
14.7.1 STARS
14.7.2 EMERGING LEADERS
14.7.3 PERVASIVE PLAYERS
14.7.4 PARTICIPANTS
FIGURE 63 ELECTRIC 3 WHEELER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
FIGURE 64 ELECTRIC 3 WHEELER MARKET: COMPANY FOOTPRINT, 2023
TABLE 224 ELECTRIC 3 WHEELER MARKET: REGION FOOTPRINT, 2023
TABLE 225 ELECTRIC 3 WHEELER MARKET: PRODUCT FOOTPRINT, 2023
TABLE 226 ELECTRIC 3 WHEELER MARKET: END USE FOOTPRINT, 2023
TABLE 227 ELECTRIC 3 WHEELER MARKET: APPLICATION FOOTPRINT, 2023
14.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
14.8.1 PROGRESSIVE COMPANIES
14.8.2 RESPONSIVE COMPANIES
14.8.3 DYNAMIC COMPANIES
14.8.4 STARTING BLOCKS
FIGURE 65 ELECTRIC 3 WHEELER MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
14.8.5 COMPETITIVE BENCHMARKING
TABLE 228 KEY START-UPS/SMES
TABLE 229 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
14.9 COMPETITIVE SCENARIO
14.9.1 PRODUCT LAUNCHES
TABLE 230 ELECTRIC 3 WHEELER MARKET: PRODUCT LAUNCHES, JANUARY 2021– MARCH 2024
14.9.2 DEALS
TABLE 231 ELECTRIC 3 WHEELER MARKET: DEALS, JANUARY 2021– MARCH 2024
14.9.3 EXPANSIONS
TABLE 232 ELECTRIC 3 WHEELER MARKET: EXPANSIONS, JANUARY 2021– MARCH 2024
14.9.4 OTHERS
TABLE 233 ELECTRIC 3 WHEELER MARKET: OTHERS, JANUARY 2021– MARCH 2024
15 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
15.1 KEY PLAYERS
15.1.1 MAHINDRA&MAHINDRA LTD.
TABLE 234 MAHINDRA&MAHINDRA LTD.: COMPANY OVERVIEW
FIGURE 66 MAHINDRA&MAHINDRA LTD.: COMPANY SNAPSHOT
FIGURE 67 MAHINDRA&MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA
TABLE 235 MAHINDRA&MAHINDRA LTD.: PRODUCTS OFFERED
FIGURE 68 MAHINDRA&MAHINDRA LTD.: ELECTRIC 3 WHEELER PRODUCT PORTFOLIO
TABLE 236 MAHINDRA&MAHINDRA LTD.: PRODUCT LAUNCHES
TABLE 237 MAHINDRA&MAHINDRA LTD.: DEALS
TABLE 238 MAHINDRA&MAHINDRA LTD.: EXPANSIONS
15.1.2 YC ELECTRIC VEHICLE
TABLE 239 YC ELECTRIC VEHICLE: COMPANY OVERVIEW
TABLE 240 YC ELECTRIC VEHICLE: PRODUCTS OFFERED
TABLE 241 YC ELECTRIC VEHICLE: PRODUCTS AND FEATURES
15.1.3 SAERA ELECTRIC AUTO PVT. LTD.
TABLE 242 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW
TABLE 243 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED
TABLE 244 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCT LAUNCHES
TABLE 245 SAERA ELECTRIC AUTO PVT. LTD.: DEALS
TABLE 246 SAERA ELECTRIC AUTO PVT. LTD.: EXPANSIONS
TABLE 247 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS
15.1.4 PIAGGIO GROUP
TABLE 248 PIAGGIO GROUP: COMPANY OVERVIEW
FIGURE 69 PIAGGIO GROUP: COMPANY SNAPSHOT
TABLE 249 PIAGGIO GROUP: PRODUCTS OFFERED
TABLE 250 PIAGGIO GROUP: PRODUCT LAUNCHES
TABLE 251 PIAGGIO GROUP: DEALS
TABLE 252 PIAGGIO GROUP: EXPANSIONS
15.1.5 CITYLIFE ELECTRIC VEHICLES
TABLE 253 CITYLIFE ELECTRIC VEHICLES: COMPANY OVERVIEW
TABLE 254 CITYLIFE ELECTRIC VEHICLES: PRODUCTS OFFERED
15.1.6 KINETIC GREEN
TABLE 255 KINETIC GREEN: COMPANY OVERVIEW
FIGURE 70 KINETIC GREEN: COMPANY SNAPSHOT
TABLE 256 KINETIC GREEN: PRODUCTS OFFERED
TABLE 257 KINETIC GREEN: PRODUCT LAUNCHES
TABLE 258 KINETIC GREEN: DEALS
TABLE 259 KINETIC GREEN: EXPANSIONS
15.1.7 MINI METRO EV LLP
TABLE 260 MINI METRO EV LLP: COMPANY OVERVIEW
TABLE 261 MINI METRO EV LLP: PRODUCTS OFFERED
15.1.8 ATUL AUTO LTD.
TABLE 262 ATUL AUTO LTD.: COMPANY OVERVIEW
FIGURE 71 ATUL AUTO LTD.: COMPANY SNAPSHOT
FIGURE 72 ATUL AUTO LTD.: PRODUCT PORTFOLIO
TABLE 263 ATUL AUTO LTD.: PRODUCTS OFFERED
TABLE 264 ATUL AUTO LTD.: PRODUCT LAUNCHES
TABLE 265 ATUL AUTO LTD.: DEALS
TABLE 266 ATUL AUTO LTD.: EXPANSIONS
TABLE 267 ATUL AUTO LTD.: OTHERS
15.1.9 TERRA MOTORS CORPORATION
TABLE 268 TERRA MOTORS CORPORATION: COMPANY OVERVIEW
TABLE 269 TERRA MOTORS CORPORATION: PRODUCTS OFFERED
TABLE 270 TERRA MOTORS CORPORATION: PRODUCT LAUNCHES
TABLE 271 TERRA MOTORS CORPORATION: DEALS
TABLE 272 TERRA MOTORS CORPORATION: EXPANSIONS
15.1.10 LOHIA AUTO INDUSTRIES
TABLE 273 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW
FIGURE 73 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES
TABLE 274 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED
15.1.11 BAJAJ AUTO LTD.
TABLE 275 BAJAJ AUTO LTD.: COMPANY OVERVIEW
FIGURE 74 BAJAJ AUTO LTD.: COMPANY SNAPSHOT
TABLE 276 BAJAJ AUTO LTD.: PRODUCTS OFFERED
15.1.12 OMEGA SEIKI MOBILITY
TABLE 277 OMEGA SEIKI MOBILITY: COMPANY OVERVIEW
TABLE 278 OMEGA SEIKI MOBILITY: PRODUCTS OFFERED
TABLE 279 OMEGA SEIKI MOBILITY: PRODUCT LAUNCHES
TABLE 280 OMEGA SEIKI MOBILITY: DEALS
TABLE 281 OMEGA SEIKI MOBILITY: EXPANSIONS
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15.2 OTHER PLAYERS
15.2.1 JIANGSU JINPENG GROUP CO., LTD.
15.2.2 SKYRIDE E RICKSHAW
15.2.3 SHADO GROUP INTERNATIONAL PTE. LTD.
15.2.4 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY
15.2.5 KYBURZ
15.2.6 PROZZA HIROSE MANUFACTURING INC.
15.2.7 GAYAM MOTOR WORKS PVT. LTD.
15.2.8 BEMAC CORPORATION
15.2.9 J.S. AUTO (P) LTD.
15.2.10 SAARTHI E-RICKSHAW
15.2.11 UNIQUE INTERNATIONAL
15.2.12 EULER MOTERS
15.2.13 LECTRIX EV PRIVATE LIMITED
16 RECOMMENDATIONS BY MARKETSANDMARKETS
16.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC 3 WHEELERS
16.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR MANUFACTURERS
16.3 FALL IN BATTERY PRICES TO BRING DOWN TCO OF ELECTRIC 3 WHEELERS
16.4 CONCLUSION
17 APPENDIX
17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
17.2 DISCUSSION GUIDE
17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.4 CUSTOMIZATION OPTIONS
17.5 RELATED REPORTS
17.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 ELECTRIC 3 WHEELER MARKET, BY END USE
TABLE 2 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
TABLE 3 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
TABLE 4 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
TABLE 5 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
TABLE 6 ELECTRIC 3 WHEELER MARKET, BY RANGE
TABLE 7 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 8 ELECTRIC 3 WHEELER MARKET: INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 MARKET SEGMENTATION
1.4.1 REGION SCOPE
1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 9 CURRENCY EXCHANGE RATES
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 ELECTRIC 3 WHEELER MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.2 KEY SECONDARY SOURCES
2.1.2.1 List of secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews – demand and supply sides
2.1.3.2 Key industry insights and breakdown of primary interviews
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.3.3 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 8 TOP-DOWN APPROACH
FIGURE 9 ELECTRIC 3 WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY
2.2.3 RECESSION IMPACT ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 12 FACTORS DRIVING ELECTRIC 3 WHEELER MARKET
FIGURE 13 ELECTRIC 3 WHEELER MARKET DYNAMICS
FIGURE 14 INDIA TO DOMINATE ELECTRIC 3 WHEELER MARKET FROM 2024 TO 2030
FIGURE 15 KEY PLAYERS IN ELECTRIC 3 WHEELER MARKET
FIGURE 16 PASSENGER CARRIERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC 3 WHEELER MARKET
FIGURE 17 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE MARKET
4.2 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
FIGURE 18 1,500–2,500 W SEGMENT TO LEAD MARKET FROM 2024 TO 2030
4.3 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
FIGURE 19 LITHIUM-ION SEGMENT TO LEAD MARKET BY 2030
4.4 ELECTRIC 3 WHEELER MARKET, BY RANGE
FIGURE 20 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR FROM 2024 TO 2030
4.5 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
FIGURE 21 5–8 KWH SEGMENT TO LEAD MARKET FROM 2024 TO 2030
4.6 ELECTRIC 3 WHEELER MARKET, BY END USE
FIGURE 22 PASSENGER CARRIERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.7 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
FIGURE 23 300–500 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.8 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
FIGURE 24 MID MOTORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.9 ELECTRIC 3 WHEELER MARKET, BY COUNTRY
FIGURE 25 INDIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 26 ELECTRIC 3 WHEELER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Low operating and maintenance costs
FIGURE 27 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION
TABLE 10 MAINTENANCE COST OF ELECTRIC 3 WHEELERS, BY VEHICLE MODEL
TABLE 11 AVERAGE ENERGY CONSUMPTION OF 3 WHEELERS
5.2.1.2 Government incentives and subsidies
TABLE 12 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2023
TABLE 13 BUDGETARY ALLOCATION AND EXPENDITURE OF FUNDS UNDER FAME II
5.2.1.3 Advancements in battery technology and reducing battery prices
TABLE 14 COMPARISON OF BATTERY TECHNOLOGIES IN ELECTRIC 3 WHEELERS
TABLE 15 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
FIGURE 28 LITHIUM-ION BATTERY PACK AND CELL PRICE SPLIT, 2013–2023 (USD/KWH)
5.2.1.4 Established market for 3 wheelers in urban transportation
FIGURE 29 ASIA PACIFIC: ELECTRIC 3 WHEELER SALES, 2020–2023 (THOUSAND UNITS)
5.2.1.5 Stringent emission norms and environmental regulations
TABLE 16 EMISSION REGULATION SPECIFICATIONS OF KEY COUNTRIES, BY FUEL TYPE, 2016–2023
5.2.2 RESTRAINTS
5.2.2.1 Lack of charging infrastructure
FIGURE 30 EV CHARGING STATION NETWORK IN INDIA
5.2.2.2 Limited power output, range, and speed
TABLE 17 ELECTRIC 3 WHEELER RANGE
5.2.3 OPPORTUNITIES
5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote electric 3 wheeler sales
5.2.3.2 Partnerships between OEMs and delivery and logistics fleet operators
TABLE 18 INDIA: ROLE OF E-RICKSHAW VS. ELECTRIC AUTO RICKSHAW
5.2.4 CHALLENGES
5.2.4.1 Limited battery capacity
TABLE 19 BATTERY CAPACITIES OF POPULAR ELECTRIC 3 WHEELER MODELS
5.2.4.2 High initial investments compared to ICE variants
FIGURE 31 AVERAGE TOTAL COST OF CONVENTIONAL VS ELECTRIC 3 WHEELERS (2023)
5.2.4.3 Lack of compatibility, interchangeability, and standardization
TABLE 20 ELECTRIC 3 WHEELER MARKET: IMPACT OF MARKET DYNAMICS
5.3 VALUE CHAIN ANALYSIS
FIGURE 32 ELECTRIC 3 WHEELER MARKET: VALUE CHAIN ANALYSIS
5.4 PRICING ANALYSIS
5.4.1 OEM-WISE PRICING ANALYSIS
TABLE 21 OEM ELECTRIC 3 WHEELER PRICING ANALYSIS, 2023 (USD)
5.4.2 ASIA PACIFIC: AVERAGE SELLING PRICE TREND
TABLE 22 ELECTRIC 3 WHEELER MARKET: ASIA PACIFIC AVERAGE PRICE TREND, 2020–2030
FIGURE 33 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPLIT, 2013–2023 (USD/KWH)
5.5 ECOSYSTEM ANALYSIS
FIGURE 34 ELECTRIC 3 WHEELER MARKET ECOSYSTEM ANALYSIS
5.5.1 OEMS
5.5.2 RAW MATERIAL SUPPLIERS
5.5.3 BATTERY MANUFACTURERS
5.5.4 CHARGING INFRASTRUCTURE PROVIDERS
5.5.5 POWERTRAIN MANUFACTURERS
5.5.6 COMPONENT MANUFACTURERS
TABLE 23 ELECTRIC 3 WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.6 TOTAL COST OF OWNERSHIP (TCO) ANALYSIS
TABLE 24 TCO COMPARISON ACROSS ELECTRIC 3W VS DIESEL 3W VEHICLES (2023)
TABLE 25 TCO COMPARISON ACROSS ELECTRIC 3W VS DIESEL 3W VEHICLES (2030)
5.7 BILL OF MATERIALS (BOM) ANALYSIS
FIGURE 35 BILL OF MATERIALS FOR ELECTRIC 3 WHEELER COMPONENTS (2023)
5.8 INVESTMENT AND FUNDING SCENARIO
FIGURE 36 ELECTRIC 3 WHEELER MARKET: INVESTMENT AND FUNDING SCENARIO, 2020–2023
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 PASSENGER CARRIERS
5.9.2 LOAD CARRIERS
5.10 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END USES
TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END USES (%)
5.10.1 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA FOR TOP 2 END USES
TABLE 27 KEY BUYING CRITERIA FOR TOP 2 END USES
5.11 TRADE ANALYSIS
5.11.1 IMPORT/EXPORT SCENARIO (HS CODE 870390)
TABLE 28 IMPORT DATA FOR HS CODE 870390, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 29 EXPORT DATA FOR HS CODE 870390, BY COUNTRY, 2020–2023 (USD MILLION)
5.12 TECHNOLOGY ANALYSIS
5.12.1 KEY TECHNOLOGIES
5.12.1.1 Regenerative braking systems
FIGURE 39 REGENERATIVE BRAKING IN ELECTRIC 3 WHEELERS
5.12.1.2 Solid-state battery (SSB)
5.12.2 COMPLEMENTARY TECHNOLOGIES
5.12.2.1 Battery swapping in electric 3 wheelers
FIGURE 40 PHOTOVOLTAIC (PV)-BASED BATTERY SWAPPING STATIONS
5.12.3 ADJACENT TECHNOLOGIES
5.12.3.1 IoT in electric 3 wheelers
FIGURE 41 IOT-ENABLED SMART GRID
5.12.3.2 Hydrogen fuel cell
FIGURE 42 COMPARISON OF HYDROGEN AND ELECTRIC VEHICLE DRIVE
5.13 PATENT ANALYSIS
FIGURE 43 NUMBER OF PUBLISHED PATENTS, 2014–2023
5.13.1 LEGAL STATUS OF PATENTS
FIGURE 44 LEGAL STATUS OF PATENTS FILED FOR ELECTRIC 3 WHEELERS
5.13.2 TOP PATENT APPLICANTS
FIGURE 45 TOP PATENT APPLICANTS, 2014–2023
TABLE 30 PATENT ANALYSIS
5.14 CASE STUDIES
5.14.1 CASE STUDY 1: RACE ENERGY’S BATTERY-SWAPPING SOLUTION
5.14.2 CASE STUDY 2: OPTIMIZING ELECTRIC VEHICLE PERFORMANCE IN WEST BENGAL’S HETEROGENEOUS TRAFFIC
5.14.3 CASE STUDY 3: ALTIGREEN’S ELECTRIC 3 WHEELER CARGO REVOLUTION
5.14.4 CASE STUDY 4: KOCHI’S JOURNEY TO ELECTRIC AUTORICKSHAWS
5.14.5 CASE STUDY 5: TURNO’S ELECTRIC GOODS VEHICLES TRANSFORM DAIRY DISTRIBUTION
5.14.6 CASE STUDY 6: ZYNGO EV MOBILITY’S PATH TO SUSTAINABLE DELIVERY SOLUTIONS IN INDIA
5.14.7 CASE STUDY 7: ELECTRIC 3 WHEELER LOGISTICS FLEET OPERATION WITH CAPTIVE PLUG-IN CHARGING
5.14.8 CASE STUDY 8: ELECTRIC 3 WHEELER LOGISTICS FLEET OPERATION WITH BATTERY SWAPPING
5.15 REGULATORY LANDSCAPE
5.15.1 INDIA
TABLE 31 SUBSIDY BY VEHICLE TYPE UNDER FAME II
TABLE 32 INDIA: GOVERNMENT INCENTIVES, BY STATE
5.15.2 CHINA
5.15.3 THAILAND
5.15.4 VIETNAM
5.15.5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 33 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 34 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 35 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.16 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 46 ELECTRIC 3 WHEELER MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.17 KEY CONFERENCES AND EVENTS
TABLE 36 ELECTRIC 3 WHEELER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024
5.18 FUNCTIONAL SAFETY (FUSA) IN AUTOMOTIVE
TABLE 37 AUTOMOTIVE SAFETY INTEGRITY LEVELS FOR AUTOMOTIVE INDUSTRY
FIGURE 47 ASIL FOR ELECTRIFICATION COMPONENTS IN EVS
5.18.1 MAJOR FUNCTIONAL SAFETY (FUSA) USE CASES IN EVS
5.18.1.1 High-power vehicle architecture
5.18.1.2 Battery management systems
5.18.1.3 Current protection systems
5.18.1.4 Thermal management systems
5.18.2 FUNCTIONAL SAFETY TRENDS
6 ELECTRIC 3 WHEELER MARKET, BY END USE
6.1 INTRODUCTION
FIGURE 48 LOAD CARRIERS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 38 ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (USD MILLION)
TABLE 39 ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (USD MILLION)
TABLE 40 ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 41 ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
6.1.1 OPERATIONAL DATA
TABLE 42 TOP-SELLING ELECTRIC 3 WHEELER MODELS, BY END USE
6.2 PASSENGER CARRIERS
6.2.1 DEMAND FOR COST-EFFECTIVE URBAN TRANSPORTATION TO DRIVE MARKET
TABLE 43 PASSENGER CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 44 PASSENGER CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
6.3 LOAD CARRIERS
6.3.1 GOVERNMENT INCENTIVE SCHEMES AND SUBSIDY PROGRAMS TO DRIVE MARKET
TABLE 45 LOAD CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 46 LOAD CARRIERS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
6.4 KEY PRIMARY INSIGHTS
7 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE
7.1 INTRODUCTION
FIGURE 49 LITHIUM-ION SEGMENT TO LEAD MARKET BY 2030
TABLE 47 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 48 ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
7.1.1 OPERATIONAL DATA
TABLE 49 ELECTRIC 3 WHEELER MODELS, BY BATTERY TYPE
TABLE 50 REPLACEMENT COST FOR BATTERY PACKS
7.2 LEAD-ACID
7.2.1 DEMAND FOR AFFORDABLE LAST-MILE TRANSPORTATION AND LOGISTICS SERVICES TO DRIVE MARKET
7.3 LITHIUM-ION
7.3.1 ONGOING INNOVATIONS AND ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
TABLE 51 COST OF POPULAR LITHIUM-ION BATTERIES FOR ELECTRIC 3 WHEELERS
7.4 OTHERS
TABLE 52 SODIUM-ION BATTERY PROVIDERS
7.5 KEY PRIMARY INSIGHTS
8 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY
8.1 INTRODUCTION
TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS
FIGURE 50 5–8 KWH SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 54 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 55 ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
8.2 BELOW 5 KWH
8.2.1 DEMAND FOR AFFORDABLE AND ZERO-EMISSION TRANSPORTATION TO DRIVE MARKET
TABLE 56 BELOW 5 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
8.3 5–8 KWH
8.3.1 NEED FOR HIGHER RANGE AND CARRIAGE CAPACITY TO DRIVE MARKET
TABLE 57 5–8 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
8.4 ABOVE 8 KWH
8.4.1 GROWING DEMAND FOR HIGHER BATTERY CAPACITY FOR LAST-MILE DELIVERY TO DRIVE MARKET
TABLE 58 ABOVE 8 KWH: ELECTRIC 3 WHEELER MARKET, BY MODEL
8.5 KEY PRIMARY INSIGHTS
9 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE
9.1 INTRODUCTION
FIGURE 51 MID MOTOR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 59 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 60 ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
9.2 HUB MOTORS
9.2.1 NEED FOR RESPONSIVE ACCELERATION, PRECISE CONTROL, AND LOW MAINTENANCE TO DRIVE DEMAND
TABLE 61 HUB MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 62 HUB MOTOR: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
9.3 MID MOTORS
9.3.1 COST-EFFECTIVENESS AND HIGHER EFFICIENCY TO DRIVE DEMAND
TABLE 63 MID MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 64 MID MOTORS: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
9.4 OTHER MOTORS
9.5 KEY PRIMARY INSIGHTS
10 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER
10.1 INTRODUCTION
FIGURE 52 1,500–2,500 W SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 65 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 66 ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
10.1.1 OPERATIONAL DATA
TABLE 67 POPULAR ELECTRIC 3 WHEELER MODELS, BY MOTOR POWER
FIGURE 53 ELECTRIC 3 WHEELER POWERTRAIN ARCHITECTURE
TABLE 68 FACTORS DECIDING MOTOR POWER OF ELECTRIC 3 WHEELERS
10.2 BELOW 1,500 W
10.2.1 DECARBONIZATION OBJECTIVES AND STRINGENT GOVERNMENT EMISSION REGULATIONS TO DRIVE MARKET
TABLE 69 BELOW 1,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 70 BELOW 1,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
10.3 1,500–2,500 W
10.3.1 GROWING FOCUS OF OEMS ON PERFORMANCE ENHANCEMENT TO DRIVE MARKET
TABLE 71 1,500–2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 72 1,500–2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
10.4 ABOVE 2,500 W
10.4.1 CONTINUED INNOVATION AND INVESTMENT IN ELECTRIC VEHICLE TECHNOLOGY TO DRIVE MARKET
TABLE 73 ABOVE 2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 74 ABOVE 2,500 W: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
10.5 KEY PRIMARY INSIGHTS
11 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY
11.1 INTRODUCTION
FIGURE 54 300–500 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 75 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2020–2023 (UNITS)
TABLE 76 ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2024–2030 (UNITS)
11.2 UP TO 300 KG
11.2.1 INCREASING DEMAND FOR AFFORDABLE ELECTRIC 3 WHEELERS TO DRIVE MARKET
11.3 300–500 KG
11.3.1 INCREASING DEMAND IN E-COMMERCE AND LOGISTICS TO DRIVE SEGMENT
TABLE 77 300–500 KG LOAD CAPACITY MODELS
11.4 ABOVE 500 KG
11.4.1 GROWING DEMAND FOR SUSTAINABLE TRANSPORTATION SOLUTIONS IN LOGISTICS INDUSTRY TO DRIVE MARKET
TABLE 78 ABOVE 500 KG PAYLOAD CAPACITY MODELS
11.5 KEY PRIMARY INSIGHTS
12 ELECTRIC 3 WHEELER MARKET, BY RANGE
12.1 INTRODUCTION
FIGURE 55 LESS THAN 50 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
TABLE 79 ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 80 ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
12.2 LESS THAN 50 MILES
12.2.1 DEMAND FOR SHORT-DISTANCE URBAN COMMUTING AND TRANSPORTATION TO DRIVE SEGMENT
12.2.2 OPERATIONAL DATA
TABLE 81 ELECTRIC 3 WHEELER MODELS WITH LESS THAN 50 MILES RANGE
TABLE 82 LESS THAN 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 83 LESS THAN 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
12.3 ABOVE 50 MILES
12.3.1 IMPROVEMENT IN BATTERY TECHNOLOGY TO DRIVE SEGMENT
12.3.2 OPERATIONAL DATA
TABLE 84 ELECTRIC 3 WHEELER MODELS WITH ABOVE 50 MILES RANGE
TABLE 85 ABOVE 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 86 ABOVE 50 MILES: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
12.4 KEY PRIMARY INSIGHTS
13 ELECTRIC 3 WHEELER MARKET, BY REGION
13.1 INTRODUCTION
FIGURE 56 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024 VS. 2030
TABLE 87 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2020–2023 (UNITS)
TABLE 88 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY COUNTRY, 2024–2030 (UNITS)
TABLE 89 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (USD MILLION)
TABLE 90 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (USD MILLION)
13.2 ASIA PACIFIC
FIGURE 57 ASIA PACIFIC: ELECTRIC 3 WHEELER MARKET SNAPSHOT
13.2.1 RECESSION IMPACT ANALYSIS
13.2.2 INDIA
13.2.2.1 Increasing trend of last-mile delivery and battery swapping to drive market
TABLE 91 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC 3 WHEELERS, BY STATE
TABLE 92 COMPANIES ADOPTING ELECTRIC 3 WHEELER LOAD CARRIERS IN INDIA
TABLE 93 DEVELOPMENTS OF BATTERY SWAPPING STATIONS IN INDIA
TABLE 94 INDIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 95 INDIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 96 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 97 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 98 INDIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 99 INDIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 100 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 101 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 102 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 103 INDIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 104 INDIA: ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2020–2023 (UNITS)
TABLE 105 INDIA: ELECTRIC 3 WHEELER MARKET, BY PAYLOAD CAPACITY, 2024–2030 (UNITS)
TABLE 106 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 107 INDIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.3 JAPAN
13.2.3.1 Government focus on improving electric vehicle ecosystem to drive market
TABLE 108 GOVERNMENT INITIATIVES FOR EV ADOPTION IN JAPAN
TABLE 109 JAPAN: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 110 JAPAN: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 111 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 112 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 113 JAPAN: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 114 JAPAN: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 115 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 116 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 117 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 118 JAPAN: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 119 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 120 JAPAN: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.4 THAILAND
13.2.4.1 Growing demand for e-tuk-tuk for local transport to drive market
TABLE 121 GOVERNMENT INITIATIVES FOR EV ADOPTION IN THAILAND
TABLE 122 THAILAND: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 123 THAILAND: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 124 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 125 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 126 THAILAND: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 127 THAILAND: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 128 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 129 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 130 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 131 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 132 THAILAND: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 133 THAILAND: ELECTRIC 3 WHEELER MARKET, BY BATTERY MOTOR TYPE, 2024–2030 (UNITS)
13.2.5 BANGLADESH
13.2.5.1 Developments by major OEMs to drive market
TABLE 134 ELECTRIC 3 WHEELER DEVELOPMENTS IN BANGLADESH
TABLE 135 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 136 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 137 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 138 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 139 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 140 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 141 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 142 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 143 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 144 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 145 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 146 BANGLADESH: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.6 NEPAL
13.2.6.1 Private sector financing to drive market
TABLE 147 GOVERNMENT INITIATIVES FOR EV ADOPTION IN NEPAL
TABLE 148 MAJOR ELECTRIC 3 WHEELER INVESTMENTS PROPOSED IN NEPAL
TABLE 149 NEPAL: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 150 NEPAL: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 151 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 152 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 153 NEPAL: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 154 NEPAL: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 155 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 156 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 157 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 158 NEPAL: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 159 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 160 NEPAL: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.7 SRI LANKA
13.2.7.1 OEM initiatives towards green mobility to drive market
TABLE 161 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2023)
TABLE 162 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 163 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 164 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 165 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 166 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 167 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 168 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 169 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 170 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 171 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 172 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 173 SRI LANKA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.8 INDONESIA
13.2.8.1 Removal of import duties and luxury tax on EVs to drive market
TABLE 174 GOVERNMENT INITIATIVES FOR EV ADOPTION IN INDONESIA
TABLE 175 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 176 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 177 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 178 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 179 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 180 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 181 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 182 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 183 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 184 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 185 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 186 INDONESIA: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.9 PHILIPPINES
13.2.9.1 Rising tourism sector to drive market
TABLE 187 GOVERNMENT INITIATIVES FOR EV ADOPTION IN PHILIPPINES
TABLE 188 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 189 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 190 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 191 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 192 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 193 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 194 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 195 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 196 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 197 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 198 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 199 PHILIPPINES: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.10 VIETNAM
13.2.10.1 Supportive government policies for EV adoption to improve air quality to drive market
TABLE 200 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY END USE, 2020–2023 (UNITS)
TABLE 201 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY END USE, 2024–2030 (UNITS)
TABLE 202 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2020–2023 (UNITS)
TABLE 203 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR POWER, 2024–2030 (UNITS)
TABLE 204 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2020–2023 (UNITS)
TABLE 205 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY RANGE, 2024–2030 (UNITS)
TABLE 206 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2020–2023 (UNITS)
TABLE 207 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)
TABLE 208 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2020–2023 (UNITS)
TABLE 209 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)
TABLE 210 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2020–2023 (UNITS)
TABLE 211 VIETNAM: ELECTRIC 3 WHEELER MARKET, BY MOTOR TYPE, 2024–2030 (UNITS)
13.2.11 CHINA
13.2.11.1 Improved charging infrastructure to drive market
TABLE 212 EV INFRASTRUCTURE IN CHINA
TABLE 213 EV BATTERY MANUFACTURERS IN CHINA
13.2.12 SINGAPORE
13.2.12.1 Government focus on green mobility to drive market
TABLE 214 GOVERNMENT INITIATIVES FOR EV ADOPTION IN SINGAPORE
13.3 EUROPE
13.3.1 RECESSION IMPACT ANALYSIS
13.3.2 GERMANY
13.3.2.1 Growing micro-mobility and cargo last-mile delivery demand to drive market
TABLE 215 GOVERNMENT INITIATIVES FOR EV ADOPTION IN GERMANY
13.3.3 FRANCE
13.3.3.1 Need for zero-emission last-mile delivery to drive market
TABLE 216 GOVERNMENT INITIATIVES FOR EV ADOPTION IN FRANCE
13.3.4 SPAIN
13.3.4.1 Government support and incentives to drive market
TABLE 217 GOVERNMENT INITIATIVES FOR EV ADOPTION IN SPAIN
13.3.5 ITALY
13.3.5.1 Strong R&D ecosystem for electric 3 wheelers to drive market
TABLE 218 GOVERNMENT INITIATIVES FOR EV ADOPTION IN ITALY
13.3.6 UK
13.3.6.1 Government plans to electrify all on-road vehicles from 2035 to drive market
TABLE 219 GOVERNMENT INITIATIVES FOR EV ADOPTION IN UK
13.4 NORTH AMERICA
13.4.1 RECESSION IMPACT ANALYSIS
13.4.2 US
13.4.2.1 Government plans to slash tailpipe emissions by 49% by 2032 to drive market
TABLE 220 GOVERNMENT INITIATIVES FOR EV ADOPTION IN US
13.4.3 CANADA
13.4.3.1 Demand for electric trikes for personal use to drive market
TABLE 221 GOVERNMENT INITIATIVES FOR EV ADOPTION IN CANADA
13.5 REST OF THE WORLD
13.5.1 RECESSION IMPACT ANALYSIS
13.5.2 SAUDI ARABIA
13.5.2.1 Backing from public investment fund to drive market
13.5.3 SOUTH AFRICA
13.5.3.1 Increase in EV imports and improvement in EV charging infrastructure to drive market
13.5.4 UAE
13.5.4.1 National electric vehicles policy to drive market
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES, 2021–2024
TABLE 222 KEY PLAYER STRATEGIES, JANUARY 2021– MARCH 2024
14.3 MARKET SHARE ANALYSIS
TABLE 223 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2023
FIGURE 58 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
14.4 REVENUE ANALYSIS
FIGURE 59 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
14.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 60 COMPANY VALUATION OF ELECTRIC 3 WHEELER MANUFACTURERS
FIGURE 61 FINANCIAL METRICS OF ELECTRIC 3 WHEELER MANUFACTURERS
14.6 BRAND/PRODUCT COMPARISON
FIGURE 62 BRAND/PRODUCT COMPARISON OF TOP FIVE PLAYERS
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
14.7.1 STARS
14.7.2 EMERGING LEADERS
14.7.3 PERVASIVE PLAYERS
14.7.4 PARTICIPANTS
FIGURE 63 ELECTRIC 3 WHEELER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
FIGURE 64 ELECTRIC 3 WHEELER MARKET: COMPANY FOOTPRINT, 2023
TABLE 224 ELECTRIC 3 WHEELER MARKET: REGION FOOTPRINT, 2023
TABLE 225 ELECTRIC 3 WHEELER MARKET: PRODUCT FOOTPRINT, 2023
TABLE 226 ELECTRIC 3 WHEELER MARKET: END USE FOOTPRINT, 2023
TABLE 227 ELECTRIC 3 WHEELER MARKET: APPLICATION FOOTPRINT, 2023
14.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
14.8.1 PROGRESSIVE COMPANIES
14.8.2 RESPONSIVE COMPANIES
14.8.3 DYNAMIC COMPANIES
14.8.4 STARTING BLOCKS
FIGURE 65 ELECTRIC 3 WHEELER MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
14.8.5 COMPETITIVE BENCHMARKING
TABLE 228 KEY START-UPS/SMES
TABLE 229 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
14.9 COMPETITIVE SCENARIO
14.9.1 PRODUCT LAUNCHES
TABLE 230 ELECTRIC 3 WHEELER MARKET: PRODUCT LAUNCHES, JANUARY 2021– MARCH 2024
14.9.2 DEALS
TABLE 231 ELECTRIC 3 WHEELER MARKET: DEALS, JANUARY 2021– MARCH 2024
14.9.3 EXPANSIONS
TABLE 232 ELECTRIC 3 WHEELER MARKET: EXPANSIONS, JANUARY 2021– MARCH 2024
14.9.4 OTHERS
TABLE 233 ELECTRIC 3 WHEELER MARKET: OTHERS, JANUARY 2021– MARCH 2024
15 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
15.1 KEY PLAYERS
15.1.1 MAHINDRA&MAHINDRA LTD.
TABLE 234 MAHINDRA&MAHINDRA LTD.: COMPANY OVERVIEW
FIGURE 66 MAHINDRA&MAHINDRA LTD.: COMPANY SNAPSHOT
FIGURE 67 MAHINDRA&MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA
TABLE 235 MAHINDRA&MAHINDRA LTD.: PRODUCTS OFFERED
FIGURE 68 MAHINDRA&MAHINDRA LTD.: ELECTRIC 3 WHEELER PRODUCT PORTFOLIO
TABLE 236 MAHINDRA&MAHINDRA LTD.: PRODUCT LAUNCHES
TABLE 237 MAHINDRA&MAHINDRA LTD.: DEALS
TABLE 238 MAHINDRA&MAHINDRA LTD.: EXPANSIONS
15.1.2 YC ELECTRIC VEHICLE
TABLE 239 YC ELECTRIC VEHICLE: COMPANY OVERVIEW
TABLE 240 YC ELECTRIC VEHICLE: PRODUCTS OFFERED
TABLE 241 YC ELECTRIC VEHICLE: PRODUCTS AND FEATURES
15.1.3 SAERA ELECTRIC AUTO PVT. LTD.
TABLE 242 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW
TABLE 243 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED
TABLE 244 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCT LAUNCHES
TABLE 245 SAERA ELECTRIC AUTO PVT. LTD.: DEALS
TABLE 246 SAERA ELECTRIC AUTO PVT. LTD.: EXPANSIONS
TABLE 247 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS
15.1.4 PIAGGIO GROUP
TABLE 248 PIAGGIO GROUP: COMPANY OVERVIEW
FIGURE 69 PIAGGIO GROUP: COMPANY SNAPSHOT
TABLE 249 PIAGGIO GROUP: PRODUCTS OFFERED
TABLE 250 PIAGGIO GROUP: PRODUCT LAUNCHES
TABLE 251 PIAGGIO GROUP: DEALS
TABLE 252 PIAGGIO GROUP: EXPANSIONS
15.1.5 CITYLIFE ELECTRIC VEHICLES
TABLE 253 CITYLIFE ELECTRIC VEHICLES: COMPANY OVERVIEW
TABLE 254 CITYLIFE ELECTRIC VEHICLES: PRODUCTS OFFERED
15.1.6 KINETIC GREEN
TABLE 255 KINETIC GREEN: COMPANY OVERVIEW
FIGURE 70 KINETIC GREEN: COMPANY SNAPSHOT
TABLE 256 KINETIC GREEN: PRODUCTS OFFERED
TABLE 257 KINETIC GREEN: PRODUCT LAUNCHES
TABLE 258 KINETIC GREEN: DEALS
TABLE 259 KINETIC GREEN: EXPANSIONS
15.1.7 MINI METRO EV LLP
TABLE 260 MINI METRO EV LLP: COMPANY OVERVIEW
TABLE 261 MINI METRO EV LLP: PRODUCTS OFFERED
15.1.8 ATUL AUTO LTD.
TABLE 262 ATUL AUTO LTD.: COMPANY OVERVIEW
FIGURE 71 ATUL AUTO LTD.: COMPANY SNAPSHOT
FIGURE 72 ATUL AUTO LTD.: PRODUCT PORTFOLIO
TABLE 263 ATUL AUTO LTD.: PRODUCTS OFFERED
TABLE 264 ATUL AUTO LTD.: PRODUCT LAUNCHES
TABLE 265 ATUL AUTO LTD.: DEALS
TABLE 266 ATUL AUTO LTD.: EXPANSIONS
TABLE 267 ATUL AUTO LTD.: OTHERS
15.1.9 TERRA MOTORS CORPORATION
TABLE 268 TERRA MOTORS CORPORATION: COMPANY OVERVIEW
TABLE 269 TERRA MOTORS CORPORATION: PRODUCTS OFFERED
TABLE 270 TERRA MOTORS CORPORATION: PRODUCT LAUNCHES
TABLE 271 TERRA MOTORS CORPORATION: DEALS
TABLE 272 TERRA MOTORS CORPORATION: EXPANSIONS
15.1.10 LOHIA AUTO INDUSTRIES
TABLE 273 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW
FIGURE 73 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES
TABLE 274 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED
15.1.11 BAJAJ AUTO LTD.
TABLE 275 BAJAJ AUTO LTD.: COMPANY OVERVIEW
FIGURE 74 BAJAJ AUTO LTD.: COMPANY SNAPSHOT
TABLE 276 BAJAJ AUTO LTD.: PRODUCTS OFFERED
15.1.12 OMEGA SEIKI MOBILITY
TABLE 277 OMEGA SEIKI MOBILITY: COMPANY OVERVIEW
TABLE 278 OMEGA SEIKI MOBILITY: PRODUCTS OFFERED
TABLE 279 OMEGA SEIKI MOBILITY: PRODUCT LAUNCHES
TABLE 280 OMEGA SEIKI MOBILITY: DEALS
TABLE 281 OMEGA SEIKI MOBILITY: EXPANSIONS
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15.2 OTHER PLAYERS
15.2.1 JIANGSU JINPENG GROUP CO., LTD.
15.2.2 SKYRIDE E RICKSHAW
15.2.3 SHADO GROUP INTERNATIONAL PTE. LTD.
15.2.4 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY
15.2.5 KYBURZ
15.2.6 PROZZA HIROSE MANUFACTURING INC.
15.2.7 GAYAM MOTOR WORKS PVT. LTD.
15.2.8 BEMAC CORPORATION
15.2.9 J.S. AUTO (P) LTD.
15.2.10 SAARTHI E-RICKSHAW
15.2.11 UNIQUE INTERNATIONAL
15.2.12 EULER MOTERS
15.2.13 LECTRIX EV PRIVATE LIMITED
16 RECOMMENDATIONS BY MARKETSANDMARKETS
16.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC 3 WHEELERS
16.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR MANUFACTURERS
16.3 FALL IN BATTERY PRICES TO BRING DOWN TCO OF ELECTRIC 3 WHEELERS
16.4 CONCLUSION
17 APPENDIX
17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
17.2 DISCUSSION GUIDE
17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.4 CUSTOMIZATION OPTIONS
17.5 RELATED REPORTS
17.6 AUTHOR DETAILS
