Three-wheeler sales hit a two-decade low in FY21 - The Hindu BusinessLine

June 01, 2021
Limited mobility impacts segment
The Covid 19 pandemic has severely affected domestic sales in the three-wheeler auto segment. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic sales for three-wheelers are almost at a two-decade low. Sales in 2020-2021 were below the domestic sales in the 2002-2003. Experts suggest that Covid 19, and consequent lockdowns impacted micro-mobility of people creating a negative impact on the rickshaw industry, which is the largest customer segment in this space.
The three-wheeler segment is made of two categories: the passenger segment and the cargo segment. The decline in overall numbers is largely due to a decline in sales in passenger vehicle segment. According to global analytics company, Crisil, 82 per cent of the sales in this segment are in passenger vehicles while 9 per cent are in the cargo segment.

Related Keywords

Mahesh Babu , Rakesh Sharma , Hetal Gandhi , Society Of Indian Automobile Manufacturers , Mahindra Electric Mobility Ltd , Crisil Research , Bajaj Auto Ltd , Indian Automobile Manufacturers , Mahindra Treo , Three Wheeler , Sales , Low , Covid 19 , Public Transport , Mobility , மகேஷ் பாபு , ராகேஷ் ஷர்மா , ஹெட்டல் காந்தி , சமூகம் ஆஃப் இந்தியன் ஆட்டோமொபைல் உற்பத்தியாளர்கள் , மஹிந்திரா மின்சார இயக்கம் லிமிடெட் , மிருதுவான ஆராய்ச்சி , பஜாஜ் ஆட்டோ லிமிடெட் , இந்தியன் ஆட்டோமொபைல் உற்பத்தியாளர்கள் , மூன்று சக்கர வாகனம் , விற்பனை , குறைந்த , பொது போக்குவரத்து , இயக்கம் ,