17 Mar 2022
In February 2022, the emerging electric three wheeler segment reported good growth in its retail sales. Electric Three Wheeler Retail Sales grew by 98% in Feb 2022.
India is rapidly adopting electric options, especially in the three wheeler segment. And this change has been seen in the sales report of the electric three wheelers. According to a recent report, electric three wheeler Retail Sales has a good growth of 98% in February 2022. The electric three wheeler segment reported 6,831 units in February 2022, up from 3,440 units retailed in February 2021. Along with this, all the electric three wheeler OEMs have also seen rapid growth in their sales report based on YoY.
Electric Three Wheeler Manufacturer Sales in February 2022
In February 2022, YC Electric Vehicle topped the list with 1,836 units, up 60% from 1,148 units reported in February 2021. MoM sales of YC are also up at 1,676 units at 9.5% growth.
Saera Electric Auto Pvt Ltd stands at the second position in the sales report with 113.2% growth. The company sold 891 units in February 2022, up from 418 units in February 2021. MoM sales declined at 1.8%, down from 907 units in Jan 2022. Dili Electric Auto Pvt Ltd grabbed the third position in the report with 121.8% growth. The company retailed 712 units in February 2022, incrementing from 321 units sold in February 2021. MoM sales of Dili Electric Auto fell by 11.1%, down from 651 units.
M&M Ltd sold 576 units in February 2022 and stood at the fourth position with 70.9% growth. It sold 337 units in February 2021, and MoM sales of this company increased from 536 units at 7.5% growth. Mini Metro EV L.L.P retailed 529 units in February 2022, increasing from 222 units in February 2022 at 138.3%. MoM sales growth stood at 13.3%, an increase from 467 units.
Terra Motors India Pvt Ltd sales soared 496 units in February 2022, up from 286 units in February 2021 at 73.4%. The company has also witnessed a growth of 4.2%, with sales of 476 units in January 2022. Piaggio Vehicle Pvt Ltd retail stood at 376 units, up 2250.0% from 16 units YoY. MoM sales dipped 13%, down from 432 units.
Other Electric Three Wheeler Makers Sales
Thukral Electric Bikes Pvt Ltd sales are reported at 359 units, up 59.6% from 225 units in the same month last year. MoM sales decline stood at 20.4%, down from 451 units. J.S Auto (P) Ltd sold 354 units in February 2022 grew 84.4% from 192 units retailed in February 2021. The company's MoM sales fell to 17.3% from 428 units. Energy Electric Vehicles sales stood at 312 units, up 65.1% from 189 units in February 2021. MoM declined from 374 units to 16.6%.
The new Euler Motor Pvt Ltd sold 144 units which is a good start. Atul Auto Ltd sales stood at 143 units, up 66.3% from 86 units on YoY. Omega Seiki Pvt Ltd reported 103 units.
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