Three-wheeler market remains flat this fiscal
During April 2015-February 2016, the overall 3-wheeler segment has seen a decline of less than half a percent with total sales of 486,950 units. The passenger carrier segment, the largest category in the segment, sold 399,803 units.
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During April 2015-February 2016, Rajkot-based Atul Auto sold 39,201 units (market share: 8%).
At a time when the domestic commercial vehicle industry has started to recover from the prolonged slump that lasted over two years, the three-wheeler industry is struggling to maintain growth. In 2014-15, it had notched double-digit growth but it seeing tough times in 2015-16.
Of the OEMs, Bajaj Auto, the world’s leading three-wheeler maker, continues to dominate the domestic market with a 46.7% share. Interestingly, the company exports almost an equal number of three-wheelers what it sells in India.
Between April 2015-February 2016, Bajaj Auto sold 227,502 units in the domestic market, helping itself to a market share ...
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