The global electric three-wheeler market size reached US$ 596.2 Million in 2021. By 2027, it will reach a value of US$ 1,059.10 Million, CAGR 9.60% (2022-2027).
"Our internal target is minimum, one model, the first model of flexi-fuel motorcycle to be launched by end-2024," Atsushi Ogata, chief executive officer of Honda Motorcycles and Scooters India said at the International Conference on Biofuels in New Delhi.
Three-wheeler market to reach $15.54 billion, at 10.3% CAGR by 2028; Electric fuel type to rise at 18.4% CAGR; Laod carrier vehicle type to rake at 11.3% CAGR.