Bajaj Auto maintains 3W goods carrier leadership, Piaggio closes in, M&M revs up

Of the nearly 11 million (1,09,88,305 units) overall sales at India Auto Inc in the first six months of FY2023, three-wheelers accounted for 196,612 units or just a 1.78% share but this vehicle segment is seeing growing demand, particularly in view of the shift towards electric mobility and lower cost of ownership. The three-wheeler segment is split into passenger-carrying and goods-transporting vehicles.

Compared to passenger-carrying three-wheelers (141,558 units, up 134%), total sales of good-carriers – 42,997 units, up 34% – in the April-September 2022 period is much less but the job they do is as important in the overall ...