Electrical Three-Wheeler Gross sales: September 2023
In a major growth within the electrical car (EV) market, September 2023 has witnessed a noteworthy surge of 12% within the gross sales of electrical three-wheelers. The gross sales information climbed from 4,761 items to a formidable 5,361 items in the course of the month, signaling a rising desire for eco-friendly transportation choices.
Electrical Three-wheeler Gross sales Knowledge Desk
CompanyAugust SalesSeptember SalesMoM GrowthMarket Share SEPMAHINDRA & MAHINDRA671.0599.0-10.7329percentOMEGA SEIKI253.0333.031.62116percentALTIGREEN PROPULSION326.0288.0-11.65613percentPIAGGIO VEHICLES315.0233.0-26.03211percentEULER MOTORS245.0185.0-24.499percentATUL AUTO151.0111.0-26.495percentE ROYCE MOTORS154.0110.0-28.5715percentKINETIC GREEN ENERGY227.040.0-82.3792percent3EV INDUSTRIES40.035.0-12.52percentDILLI ELECTRIC24.025.04.16671percentTOTAL2406.01959.0
High Performers in Passenger Electrical three-wheeler
![https://e-vehicleinfo.com/electric-three-wheeler-sales-report/](https://e-vehicleinfo.com/wp-content/uploads/2023/04/istockphoto-1195020299-612x612-1.jpg)
Main the pack of high performers on this surge have been distinguished firms like PIAGGIO VEHICLES PVT LTD, BAJAJ AUTO LTD, and TI CLEAN MOBILITY PVT LTD. These trade gamers demonstrated spectacular gross sales figures and performed a pivotal function in driving the general development of the electrical three-wheeler section.
Declining Figures in Passenger Electrical three-wheeler
Whereas the trade as an entire skilled a outstanding upswing, a number of gamers confronted challenges in September. MAHINDRA & MAHINDRA LIMITED witnessed a decline of 107 automobiles of their gross sales, reflecting a brief setback. DILLI ELECTRIC AUTO PVT LTD additionally confronted a decline, with a discount of 41 automobiles. ATUL AUTO LTD registered a lower of 6 car gross sales throughout the identical interval.
For a clearer understanding, we’ve ready a tabular illustration of the gross sales information:
CompanyAugust SalesSeptember SalesStatus of SalesMoM Development Market Share SEPMAHINDRA & MAHINDRA LIMITED2560.02453.0-107.0-4.044percentPIAGGIO VEHICLES PVT LTD1,6041,739135.08.031percentBAJAJ AUTO LTD200.0656.0456.0228.012percentTI CLEAN MOBILITY PVT LTD134.0218.084.063.04percentDILLI ELECTRIC AUTO PVT LTD127.086.0-41.0-32.02percentATUL AUTO LTD82.076.0-6.0-7.01percentCONTINENTAL ENGINES PVT LTD35.043.08.023.01percentRASANDIK ENGINEERING INDUSTRIES INDIA LTD8.037.029.0363.01percentATUL GREENTECH PRIVATE LIMITED0.028.028.0100.0-KAPTECH INDIA PVT LTD11.025.014.0127.0-TOTAL4,7615,361
Electrical Three-Wheeler Cargo Gross sales
The gross sales information for electrical three-wheeler cargo automobiles in September 2023 has revealed a notable decline. With a month-on-month lower of 18%, the market witnessed a shift in dynamics that warrants a more in-depth look.
High Performers
Regardless of the general dip in gross sales, a number of gamers stood tall as the highest performers within the electrical three-wheeler cargo car section. Firms like OMEGA SEIKI PVT LTD, 3EV INDUSTRIES PVT LTD, and DILLI ELECTRIC AUTO PVT LTD showcased resilience and robust market presence, contributing to the trade’s ongoing progress.
The Mahindra Issue: A Change in Fortunes
Probably the most vital takeaways from the September gross sales information is the efficiency of MAHINDRA & MAHINDRA LIMITED, a behemoth within the electrical car market. In a shocking flip of occasions, this trade big, together with Altigreen Propulsion Labs Pvt Ltd, Piaggio Autos Pvt Ltd, Euler Motors Pvt Ltd, Atul Auto Ltd, And E Royce Motors India Pvt Ltd, skilled a decline of their gross sales numbers.
This shift in fortune for MAHINDRA & MAHINDRA Ltd, a significant participant out there, highlights the dynamic nature of the EV sector. It additionally raises questions in regards to the elements contributing to this decline. Is it a momentary setback or the start of a bigger development? Solely time will inform.
Author’s Comment
These figures present that the rise in electrical three-wheeler gross sales is a rising signal for the EV trade, highlighting the rising acceptance of unpolluted transportation alternate options. One other main issue that’s enjoying a significant function is the worth incentives, and tax exemptions given by the governments throughout India.
The decline in gross sales for September could possibly be attributed to a large number of things, together with market saturation, altering client preferences, and even provide chain disruptions. It’s important to keep in mind that such fluctuations are a pure a part of any trade’s development trajectory.
It might be thrilling to pay attention to these wonderful developments down the hill and it is going to be fascinating to watch how these developments evolve and the way trade gamers adapt to the altering panorama of electrical three-wheeler gross sales in India.
Learn Extra:- Electrical Two-Wheeler Gross sales Knowledge: September 2023