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Bajaj Auto new leader in 3W goods carriers, M&M with 16% eats into Piaggio share

Buyer shift from diesel to alternate fuels, Piaggio’s diesel 3W sales down 55% YoY in April-October; Bajaj is the new boss but M&M is the one which has notched maximum market share gains.

By Ajit Dalvi

27 Nov 2021

69971 Views

With sale of 16,161 Maximas, Bajaj Auto has gone past erstwhile leader Piaggio (13,351 units / -25%). Mahindra with 6,613 units sees market share grow to 16% from 2% a year ago.

The boom in e-commerce and last-mile deliveries is having a positive impact on demand for goods-carrying three-wheelers, particularly those needed for urban operations. Easily manoeuvrable, they can navigate tight roads and also enter locations where four-wheelers would fear to tread. It also helps that the newer models of three-wheelers are designed and/or customised to handle such duties. And the demand is coming from logistics operators too.

Of course, total sales of these good-carriers – 85,915 units – in the April-October 2021 period is half that compared to passenger-carrying three-wheelers (41,280 units) , which are back to transporting people in ...

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