Three-wheeler sales take a hit in FY2017

While overall automotive sales for 2016-17 remained positive as a result of the uptick in demand for passenger vehicles, commercial vehicles and two-wheelers in the domestic market, one segment that took a hit was three-wheelers.

All three-wheeler manufacturers saw a sizeable drop in both their domestic and export sales, a trend which is attributed to three-wheelers being replaced by aggressively priced, small four-wheeled mini-trucks.

Over the past few years, manufacturers like Tata Motors and Mahindra & Mahindra have been expanding the mini truck segment to every load and price point. This is taking a toll on the three- ...