India Electric Three-Wheeler (E3W) Growth Opportunities

Automotive India Electric Three-Wheeler (E3W) Growth Opportunities

Exploring Last-mile Services During and Post-COVID-19 Pandemic Enables the E3W Cargo Segment Growth

INDUSTRY
Automotive

RELEASE DATE
10-Feb-2022
REGION
South Asia, Middle East & North Africa
DELIVERABLE TYPE
Market Research

RESEARCH CODE
PC8B-01-00-00-00
SKU
AU02292-SA-MT_26257
Yes
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India Electric Three-Wheeler (E3W) Growth Opportunities
Published on: 10-Feb-2022 | SKU: AU02292-SA-MT_26257

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India recorded a significant dip in E3W sales in FY 2021 compared to FY 2020 due to the pandemic, which affected vehicle sales worldwide. However, the country registered growth in the E3W cargo segment in FY 2021 over FY 2020 because the pandemic created a demand for last-mile services and the e-commerce segment.

Home-based charging, semi-public and public charging, and battery swapping are the charging solutions evolving in India as more operators enter the market. The government supports original equipment manufacturers (OEMs) and other players entering the E3W market, shared mobility and last-mile services, and fintech firms with incentives and policy revisions.

In this study, Frost & Sullivan assesses the E3W market in India and provides a market overview in 2021, including sales snapshots. The report defines current and future market trends, government regulations, charging infrastructure, and OEM profiles and their growth strategies.

Author: Shraddha Manjrekar

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the E3W Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Key Competitors

Key Findings

Key Growth Metrics

Growth Drivers

Growth Restraints

E3W Sales

E3W Sales Forecast

Company Overview—Saera Electric

Product Portfolio, Dealer Networks, and Partnerships—Saera Electric

Future Strategies/Plans—Saera Electric

Company Overview—Kinetic Green

Product Portfolio, Dealer Networks, and Partnerships—Kinetic Green

Future Strategies/Plans—Kinetic Green

Company Overview—Mahindra Electric

Product Portfolio, Dealer Networks, and Partnerships—Mahindra Electric

Future Strategies/Plans—Mahindra Electric

Company Overview—Lohia Auto

Product Portfolio, Dealer Networks, and Partnerships—Lohia Auto

Future Strategies/Plans—Lohia Auto

Company Overview—Piaggio Vehicles Pvt. Ltd.

Product Portfolio, Dealer Networks, and Partnerships—Piaggio Vehicles Pvt. Ltd.

Future Strategies/Plans—Piaggio Vehicles Pvt. Ltd.

Emerging Start-ups

Emerging Start-ups (continued)

Charging Infrastructure—Requirements and Charging Types

Charging Service Providers and OEMs

Policy Roadmap for EVss

FAME II-approved OEMs and Models for E3W

FAME II-approved OEMs and Models for E3W (continued)

FAME II-approved OEMs and Models for E3W (continued)

FAME II-approved OEMs and Models for E3W (continued)

FAME II-approved OEMs and Models for E3W (continued)

Recent State-level Policy Initiatives for E3W

Demand Incentives for E3W—Selected States

EV Financing for E3Ws

Key EV Financing Companies

Key EV Financing Companies (continued)

Business Model 1—E-auto Hailing

Business Model 1—E-auto Hailing (Case Study)

Business Model 2—Last-mile Delivery

Business Model 2—Last-mile Delivery (Case Study)

Growth Opportunity 1—State EV Policies and the Countrywide Revision of FAME II Policies Boost E3W Market Growth

Growth Opportunity 1—State EV Policies and the Countrywide Revision of FAME II Policies Boost E3W Market Growth (continued)

Growth Opportunity 2—Investments in E3W Start-ups Play a Vital Role in Changing the E3W Mobility Space

Growth Opportunity 2—Investments in E3W Start-ups Play a Vital Role in Changing the E3W Mobility Space (continued)

Growth Opportunity 3—Last-mile Delivery Services in the E-commerce Sector Creates Significant Potential for the E3W Cargo Segment

Growth Opportunity 3—Last-mile Delivery Services in the E-commerce Sector Creates Significant Potential for the E3W Cargo Segment (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • E3W Market: Key Findings, India, 2021
  • E3W Market: Key Growth Metrics, India, FY 2022
  • E3W Market: Growth Drivers, India, FY 2022–FY 2026
  • E3W Market: Growth Restraints, India, FY 2022–FY 2026
  • E3W Market: Annual E3W Sales, India, FY 2018–FY 2022
  • E3W Market: Sales Share by Vehicle Type, India, FY 2021
  • E3W Market: Sales Share by Vehicle Type, India, FY 2022
  • E3W Market: Annual Sales Forecast, India, FY 2023–FY 2026
  • Future Focus and Strategies, Saera Electric, India, FY 2021–FY 2026
  • Future Focus and Strategies, Kinetic Green, India, FY 2021–FY 2026
  • Future Focus and Strategies, Mahindra Electric, India, FY 2021–FY 2026
  • Future Focus and Strategies, Lohia Auto, India, FY 2021–FY 2026
  • Future Focus and Strategies, Piaggio Vehicle Pvt. Ltd., India, FY 2021–FY 2026
  • E3W Market: Emerging Start-ups, India, FY 2021
  • E3W Market: Charging Specifications, India, FY 2021
  • E3W Market: Standard for AC and DC charging and Battery Swapping, India, FY 2021
  • E3W Market: Charging and Battery Swapping Services Used by Key OEMs, India, FY 2021
  • E3W Market: OEMs Setting Up Charging Stations, India, FY 2021
  • FAME II-approved E3W Models and OEMs, India, FY 2021
  • Key E3W Financing Companies, India, 2021

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India recorded a significant dip in E3W sales in FY 2021 compared to FY 2020 due to the pandemic, which affected vehicle sales worldwide. However, the country registered growth in the E3W cargo segment in FY 2021 over FY 2020 because the pandemic created a demand for last-mile services and the e-commerce segment. Home-based charging, semi-public and public charging, and battery swapping are the charging solutions evolving in India as more operators enter the market. The government supports original equipment manufacturers (OEMs) and other players entering the E3W market, shared mobility and last-mile services, and fintech firms with incentives and policy revisions. In this study, Frost & Sullivan assesses the E3W market in India and provides a market overview in 2021, including sales snapshots. The report defines current and future market trends, government regulations, charging infrastructure, and OEM profiles and their growth strategies. Author: Shraddha Manjrekar
More Information
Deliverable Type Market Research
Author Shradha Manjrekar
GPS Codes 9800-A6,9882-A6,9AF6-A6
Industries Automotive
No Index No
Is Prebook No
List of Charts and Figures E3W Market: Key Findings, India, 2021~ E3W Market: Key Growth Metrics, India, FY 2022~ E3W Market: Growth Drivers, India, FY 2022–FY 2026~ E3W Market: Growth Restraints, India, FY 2022–FY 2026~ E3W Market: Annual E3W Sales, India, FY 2018–FY 2022~ E3W Market: Sales Share by Vehicle Type, India, FY 2021~ E3W Market: Sales Share by Vehicle Type, India, FY 2022~ E3W Market: Annual Sales Forecast, India, FY 2023–FY 2026~ Future Focus and Strategies, Saera Electric, India, FY 2021–FY 2026~ Future Focus and Strategies, Kinetic Green, India, FY 2021–FY 2026~ Future Focus and Strategies, Mahindra Electric, India, FY 2021–FY 2026~ Future Focus and Strategies, Lohia Auto, India, FY 2021–FY 2026~ Future Focus and Strategies, Piaggio Vehicle Pvt. Ltd., India, FY 2021–FY 2026~ E3W Market: Emerging Start-ups, India, FY 2021~ E3W Market: Charging Specifications, India, FY 2021~ E3W Market: Standard for AC and DC charging and Battery Swapping, India, FY 2021~ E3W Market: Charging and Battery Swapping Services Used by Key OEMs, India, FY 2021~ E3W Market: OEMs Setting Up Charging Stations, India, FY 2021~ FAME II-approved E3W Models and OEMs, India, FY 2021~ Key E3W Financing Companies, India, 2021~
Podcast No
WIP Number PC8B-01-00-00-00