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      Home » E-Three-Wheeler Segment Sales Revived in May 2022

      E-Three-Wheeler Segment Sales Revived in May 2022

      Aishwarya SaxenaBy Aishwarya SaxenaJune 21, 2022Updated:June 22, 2022 E-Mobility 2 Mins Read
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      Riding high on the large-scale adoption and promotion of clean mobility solutions, Electric Vehicles (EVs) has seen a high jump in the sales of two and three-wheeler segments in the last few months.

      E-Three-Wheeler SalesA strong revival has been seen in e-three-wheeler sales in May 2022 albeit at a low-year ago base.

      Last month, three-wheeler sales saw an eight-fold growth over May 2021, selling 41,508 units, compared to 5,215 units in May 2021.

      The interesting aspect of three-wheeler sales in May 2022 is the sales of electric three-wheelers, as for the first time, they have surpassed that of their ICE counterparts.

      In May 2022, electric three-wheelers witnessed sales of 21,911 units, compared to 19,597 units of ICEs.

      After witnessing a dip in sales in FY21, electric three-wheelers have seen strong growth of 101 percent selling 1,77,874 units in FY22, and are on a path to surpass FY23’s expectations if the last two month’s trend continues.

      The e-three-wheeler segments have surpassed the diesel, CNG, and LPG offerings, accounting for more than 45 percent of three-wheeler sales in the domestic market, which is the largest in the world.

      The push toward clean mobility, specifically electric mobility in the e-commerce segment, first and last-mile connectivity, cargo, waste management, and freight loaders have helped the segment grow. Also, the ease of swapping discharged batteries with fully-charged ones in three-wheelers has helped many sectors move to EVs.

      A study by the World Business Council for Sustainable Development (WBCSD) and Flipkart shows that 100 percent electrification of e-commerce fleets is possible and the Indian e-commerce industry is already using over a million EVs.

      The pandemic and lockdown brought many businesses to a halt, affecting the automotive industry as a whole.

      The E-three-wheeler segment, which was still at a nascent stage, took a while to recover.

      As normalcy is slowly returning, companies are looking toward e-mobility and if the financing structure improves, the industry is looking at multiple folds of growth in the coming years.

      automotive industry clean mobility solutions CNG diesel electric three-wheelers Electric Vehicles (EVs) news
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      Aishwarya Saxena

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