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市場調查報告書

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1705121

印度的電動三輪車市場:各最終用途，各電池類型，各電力類型，負載容量，各地區，機會，預測，2019年～2033年

India Electric Three-Wheeler Market Assessment, By End-use, By Battery Type, By Power Type, By Payload Capacity, By Region, Opportunities and Forecast, FY2019-FY2033F

出版日期: 2025年04月16日 | 出版商:

Market Xcel - Markets and Data | 英文 124 Pages | 商品交期: 3-5個工作天內

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簡介目錄圖表

印度電動三輪車市場規模預計將從 2025 年的 5.1643 億美元增長到 2033 年的 12.0825 億美元，預測期內（2026-2033 年）的複合年增長率為 11.21%。近年來，該市場經歷了顯著增長，並且由於其便利性、可負擔性和傳統交通方式的靈活替代性，預計還將繼續擴大。

由於城市人口不斷增長且集中度不斷提高，短途旅行需要環保的交通系統。此外，政府的激勵措施和製造商之間日益增多的戰略聯盟也刺激了對電動三輪車的需求。混合動力和電動車快速採用和製造 (FAME) 計畫和 PM E-DRIVE 旨在提供補貼和激勵措施，以降低電動車的成本。這些措施也關注向電動車的過渡以及交通運輸對環境的影響。燃料價格上漲和減少車輛大氣排放的迫切需求是市場面臨的一些課題，使得電動三輪車成為一項有效的投資。

我們透過推出具有市場競爭力的產品並與 Mahindra Last Mile Mobility（Mahindra &Mahindra Limited）、Bajaj Auto Limited 和 Euler Motors Private Limited 等公司建立策略合作夥伴關係來引領市場。例如，數位借貸平台 Revfin Services Private Limited（Revfin）於 2024 年 8 月與 Bajaj Auto Limited 合作，建立了以 Bajaj Auto 作為永續行動解決方案消費品牌的策略關係。此次合作可望推動創新、市場擴張，並提高印度二線和三線城市地區電動三輪車客戶的滿意度。

本報告提供印度的電動三輪車市場相關調查，提供市場概要，以及各最終用途，各電池類型，各電力類型，負載容量，各地區趨勢，及加入此市場的主要企業簡介等資訊。

前五名市場領導的競爭矩陣
前五名參與企業的SWOT分析
前10名市場主要企業的形勢
- Mahindra & Mahindra Limited
- Piaggio Vehicles Private Limited
- Euler Motors Private Limited
- ATUL Auto Limited
- ZUPERIA AUTO PVT. LTD
- Kinetic Green Energy and Power solutions Ltd
- Altigreen Propulsion Labs Private Limited
- Saera Electric Auto Pvt. Ltd.
- Bajaj Auto Limited
- Oculus Auto Industries LLP

第12章策略性建議

第13章關於調查公司·免責聲明

簡介目錄圖表

Product Code: MX12958

India electric three-wheeler market is projected to witness a CAGR of 11.21% during the forecast period FY2026-FY2033, growing from USD 516.43 million in FY2025 to USD 1208.25 million in FY2033. The market has experienced significant growth in recent years and is expected to continue expanding in the coming years, driven by convenience, affordability, and flexible alternatives to traditional transportation methods.

With the increasing population in urban areas and concentration in cities, there is a need for environmentally friendly transport systems for short-distance travel. The demand for electric three-wheelers is also being spurred by the government's encouraging policies and increasing strategic collaborations between manufacturers. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme and PM E-DRIVE are intended to provide subsidies and incentives to lower the cost of electric vehicles. These measures are also focused on shifting towards electric mobility and the impact of transportation on the environment. Escalating the price of fuel and the serious need to reduce vehicle emissions in the atmosphere are some challenges in the market and making electric three-wheelers an efficient investment.

Market players such as Mahindra Last Mile Mobility (Mahindra & Mahindra Limited), Bajaj Auto Limited, and Euler Motors Private Limited are leading the market by launching competitive products and forming strategic partnerships. For instance, Digital lending platform Revfin Services Private Limited (Revfin) partnered with Bajaj Auto Limited in August 2024 to forge a strategic relationship featuring Bajaj Auto as a consumer brand for sustainable mobility solutions. This partnership holds potential to promote innovation and market extension and better satisfaction rates for customers who use electric three-wheelers in Indian Tier 2 and Tier 3 urban areas.

Growing Adoption of Electric Three-Wheelers in E-commerce Industry

One of the trends that boosts the market in India is increased usage of electric three-wheelers in the e-commerce sector. Advanced electric three-wheelers have become popular among e-commerce companies for last-mile delivery as they are cost-effective, have a low environmental impact and are designed for last-mile usage in populated places. Overall operating costs are lower for electric vehicles than the diesel or compressed natural gas (CNG) vehicles, hence causing savings on the side of operators. Moreover, the promotion of green and sustainability initiatives from both the organizational and consumer side is also driving the growth of the market.

The change towards electric mobility in e-commerce practice has not only contributed to the reduction of carbon footprint but also supported the phenomenon of sustainable development and cleaner transportation. Additionally, as the population and businesses become more aware of the opportunities offered by the three-wheelers, the category's usage in e-commerce continues to expand.

For instance, in January 2025, Borzo India (formerly Wefast India Private Limited) launched its electric 3-wheeler fleet throughout India to deliver sustainable logistics solutions across its global service areas. Through this shift, Borzo (formerly WeFast) seeks to establish environmentally friendly delivery services that will benefit businesses and urban residents. The electric 3-wheelers of Borzo are currently active in Mumbai and the company plans to introduce them in Delhi as well. Lightweight 3-wheeler deliveries will be handled by these vehicles since they support a maximum weight of 500 kilograms.

Increasing Government Support Propels India Electric Three-Wheeler Market Growth

India electric three-wheeler market is expected to grow with the help of rising government support. There are various government schemes and policies formulated to increase the implementation of electric vehicles. Schemes like FAME and Production Linked Incentive (PLI) have lowered the entry barriers of EVs, especially the electric three-wheelers, as more people are adopting these through subsidized prices. These policies have also rewarded manufacturers with subsidies that may help to increase production and increase investments in R&D for better and more efficient electric vehicles. Also, a rise in expenditure by the government on advertisements for electric vehicle adoption is expected to promote sustainable and clean means of transport, coupled with mobility solutions, driving the India electric three-wheeler market growth in the forecast period.

Existing and proposed policies have a positive impact on the growth of the India electric three-wheeler market by providing tax incentives and favoring imports of specific EV components, as well as supporting the installation of charging stations. This growing trend is driving the market ahead as the demand for electrical mobility by both corporations and customers continues to grow due to its cost-efficiency and sustainability.

For instance, in November 2024, the Indian government reduced demand incentives for cargo electric three-wheelers under the PM E-Drive scheme, but the incentive program, originally limited to 0.125 million units for 2025-26, now extends to the current year with a reduced subsidy of USD 28.88 per kWh, capped at USD 288.78 per vehicle.

Passenger Carriers Dominate India Electric Three-Wheeler Market

The passenger carrier segment is expected to account for the largest share in India electric three-wheeler market as it meets the demand for affordable and efficient passenger mobility, particularly in urban and semi-urban areas. These electric three-wheelers, well known as e-rickshaws, are incredibly popular due to their low cost, environment friendly, and ability to operate on dense roads. There has been a need for passenger carriers with the development of ride-sharing services and the need for first and last-mile connectivity. Consequently, this segment has gained the highest growth rate and adoption among all electric three-wheelers in India.

For instance, BAXY Mobility, a last-mile mobility solutions division of BAXY Limited, launched its new electric three-wheeler in December 2024 as part of its expansion in India's electric vehicle sector. The redesigned product range comprises electric three-wheelers, featuring both lead-acid and lithium-ion battery technology for cargo and passenger models. Different models from the product range feature entry-level specifications and advanced performance features to serve multiple customer requirements regarding price range and functionality.

Northern Region to Dominate India Electric Three-Wheeler Share

The market share of electric three-wheelers in the Northern region is expected to increase due to the rapid adoption of e-rickshaws, driven by the growing demand for green public transportation. Delhi, Uttar Pradesh and Haryana have been the pioneers of this shift, with electric three-wheelers being used widely in public transportation and logistics.

The use of electric three-wheelers has been the most rapidly growing segment in Uttar Pradesh. The state has been actively supporting electric vehicles and has prompted several measures aimed at the development of charging stations and rebate programs for manufacturers and customers. The increased usage of e-rickshaws in cities such as Lucknow, Varanasi and Kanpur have boosted the state to hold a significant share in the usage of electric vehicles. Subsequently, with sustained funds and investment in the sector, Uttar Pradesh is likely to retain market leadership in the electric three-wheeler business.

For instance, in December 2024, Greaves Electric Mobility Limited planned to expand its three-wheeler manufacturing capacity to 80,696 units at its Telangana and Uttar Pradesh factories before FY2027. Under the expansion plan, the carmaker plans to enhance the Uttar Pradesh plant capacity to 45,896 units and the Telangana plant capacity to 34,800 units.

Future Market Scenario (FY2026 - FY2033F)

The growing population and infrastructure development, focusing on environmentally friendly last-mile transport solutions, is expected to drive the adoption of electric mobility

Rising awareness regarding vehicular pollution and the potential demand for eco-smart transportation will further strengthen the sale of electric three-wheelers.

Battery developments, motor refinement, and vehicle design and performance will all help to boost the attraction of electric three-wheelers.

Increasing access to charging stations in urban and rural markets will boost the electrification of three-wheelers.

Key Players Landscape and Outlook

Currently, the India electric three-wheeler market is at its initial stage, and companies are formulating various strategies to capture the market. They are directing efforts toward broadening the range of products they offer as well as improving production processes.

Market expansion is also being led by new product offerings. Over the last few years, some new electric three-wheelers have been launched on the market with better batteries, better performance, and new safety features. These new models are a result of meeting the different market demands of the people from the developed urban markets to the remote rural areas.

For Instance, ZUPERIA AUTO PVT. LTD (previously Lohia Auto) introduced the Youdha electric passenger vehicle brand with predictions for 300,000-unit production by 2027. The brand launch took place at the EV Expo on December 20, 2024, when Youdha revealed its initial electric three-wheeler portfolio. The vehicles deliver performance alongside sustainability and user convenience to let drivers further their life aspirations while providing family support with pride.

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customers

4.1. Product and Market Intelligence
4.2. Brand Awareness
4.3. Factors Considered in Purchase Decisions
- 4.3.1. Brand Reputation
- 4.3.2. Price
- 4.3.3. Safety
- 4.3.4. Features
- 4.3.5. Convenience and Ease of Use

5. India Electric Three-Wheeler Market Outlook, FY2019-FY2033

5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
5.2. Market Share Analysis & Forecast
- 5.2.1. By End-use
  - 5.2.1.1. Passenger Carrier
  - 5.2.1.2. Utility & Goods Carrier
- 5.2.2. By Battery Type
  - 5.2.2.1. Lead Acid
  - 5.2.2.2. Lithium-Ion
  - 5.2.2.3. Nickel-Metal Hydride
- 5.2.3. By Power Type
  - 5.2.3.1. Less Than 1000W
  - 5.2.3.2. 1000-1500W
  - 5.2.3.3. Above-1500W
- 5.2.4. By Payload Capacity
  - 5.2.4.1. Less Than 300 Kg
  - 5.2.4.2. 300-500 Kg
  - 5.2.4.3. Above 500 Kg
- 5.2.5. By Region
  - 5.2.5.1. North
  - 5.2.5.2. South
  - 5.2.5.3. East
  - 5.2.5.4. West and Central
- 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2025)
5.3. Market Map Analysis, FY2025
- 5.3.1. By End-use
- 5.3.2. By Battery Type
- 5.3.3. By Power Type
- 5.3.4. By Payload Capacity
- 5.3.5. By Region

6. Demand Supply Analysis

7. Porter's Five Forces Analysis

8. PESTLE Analysis

9. Market Dynamics

9.1. Market Drivers
9.2. Market Challenges

10. Market Trends and Developments

11. Competitive Landscape

11.1. Competition Matrix of Top 5 Market Leaders
11.2. SWOT Analysis for Top 5 Players
11.3. Key Players Landscape for Top 10 Market Players
- 11.3.1. Mahindra & Mahindra Limited
  - 11.3.1.1. Company Details
  - 11.3.1.2. Key Management Personnel
  - 11.3.1.3. Products and Services
  - 11.3.1.4. Financials (As Reported)
  - 11.3.1.5. Key Market Focus and Geographical Presence
  - 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 11.3.2. Piaggio Vehicles Private Limited
- 11.3.3. Euler Motors Private Limited
- 11.3.4. ATUL Auto Limited
- 11.3.5. ZUPERIA AUTO PVT. LTD
- 11.3.6. Kinetic Green Energy and Power solutions Ltd
- 11.3.7. Altigreen Propulsion Labs Private Limited
- 11.3.8. Saera Electric Auto Pvt. Ltd.
- 11.3.9. Bajaj Auto Limited
- 11.3.10. Oculus Auto Industries LLP

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer

簡介目錄圖表

List of Tables

Table 1. Competition Matrix of Top 5 Market Leaders
Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

Figure 1. India Electric Three-Wheeler Market, By Value, In USD Million, FY2019-FY2033F
Figure 2. India Electric Three-Wheeler Market, By Volume, In Units, FY2019-FY2033F
Figure 3. India Electric Three-Wheeler Market Share (%), By End-use, FY2019-FY2033F
Figure 4. India Electric Three-Wheeler Market Share (%), By Battery Type, FY2019-FY2033F
Figure 5. India Electric Three-Wheeler Market Share (%), By Power Type, FY2019-FY2033F
Figure 6. India Electric Three-Wheeler Market Share (%), By Payload Capacity, FY2019-FY2033F
Figure 7. India Electric Three-Wheeler Market Share (%), By Region, FY2019-FY2033F
Figure 8. By End-use Map-Market Size (USD Million) & Growth Rate (%), FY2025
Figure 9. By Battery Type Map-Market Size (USD Million) & Growth Rate (%), FY2025
Figure 10. By Power Type Map-Market Size (USD Million) & Growth Rate (%), FY2025
Figure 11. By Payload Capacity Map-Market Size (USD Million) & Growth Rate (%), FY2025
Figure 12. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2025