Three Wheeler, Rickshaw Sales May 2022 – Bajaj, Piaggio, YC Electric, TVS
- iamjoyblessy
- Jun 14, 2022
- 1 min read
Three wheeler sales, which also included auto rickshaws, 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.
The interim years of 2020 and 2021 cannot actually be taken into account to assess growth in three wheeler sales as the country had to contend with the COVID-19 pandemic which had dramatically brought down sales across all segments. Three wheeler retail sales however saw a MoM de-growth in May 2022, lower than 42,396 units sold in April 2022. Three wheeler, auto rickshaw sales May 2022 At No. 1 was Bajaj Auto Limited, the only automaker in this segment to see sales cross the 10,000 unit mark. Sales in May 2022 stood at 10,492 units, up from 1,872 units sold in May 2021. Market share dipped to 25.28 percent in the past month, down from 35.90 percent held in May 2021. 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.
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