CNG, LPG, electric grab 63% of 3W market, petrol-diesel see 23% decline in H1 FY2022
Growing need for lower total cost of ownership and high petrol, diesel prices drives shift to alternate fuel options.
06 Nov 2021
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The shift towards greener mobility options in the three-wheeler industry, both passenger carrying as well as cargo transportation, is happening in India. As per the latest industry statistics for the three-wheeler sector, sales of both petrol- and diesel-engined models have dropped by 23% year on year in the April-September 2021 period. In comparison, sales of CNG-, LPG- and electric-powered three-wheelers are up 346% (from 13,407 units in H1 FY2021 to 59,834 units in H1 FY2022).
Look at the data sheet below and the facts reveal that from 77% market share in April-September 2021 (from 46,048 units of , ...
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