Three Wheeler, Rickshaw Sales May 2022 – Bajaj, Piaggio, YC Electric, TVS

There was positive YoY retail sales growth recorded across the three wheeler and auto rickshaw segment in May 2022

Three wheeler sales, which included auto rickshaws as well, posted a 695.93 percent YoY retail sales increase to 41,508 units, up from 5,215 units sold in May 2021. It was also a 2,090.40 percent increase over 1,895 units sold in May 2020 but fell 19.32 percent when compared to sales in May 2019 which stood at 51,446 units.

However, the three wheeler retail sales witnessed a MoM de-growth in May 2022, lower than 42,396 units sold in April 2022.

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Piaggio Vehicles Pvt. Ltd. was at No. 2 with sales of 4,177 units in May 2022, up from 664 units sold in May 2021. Market share dipped to 10.06 percent over 12.73 percent held in May 2021. It was earlier this year that the company introduced Piaggio Ape Electric auto rickshaw and cargo 3 wheeler. Ape E-Xtra FX cargo 3 wheeler is priced at Rs 3,12,137 while Ape E-City FX electric rickshaw is at Rs 2,83,878 following Fame II subsidy.

Three wheeler retail sales of YC Electric stood at 2,045 units in May 2022, up from just 170 units sold in the same month of the previous year. The company also noted a rise in market share from 3.26 percent to 4.93 percent YoY.

Lower down the order at No. 4 was Mahindra with three wheeler retail sales at 1,764 units, up from 379 units sold in May 2021. Market share however, dipped to 4.25 percent in May 2022 from 7.27 percent held in May 2021. Mahindra Electric Mobility Ltd, part of the Mahindra Group, has announced the launch of Alfa CNG Passenger and Cargo variants. Alfa Passenger DX BS6 CNG is priced at Rs 2,57,000 while the Alfa Load Plus comes in at Rs 2,57,800. (ex showroom).