Mahindra Treo takes 45% of electric 3W market in H1 FY2022, Piaggio No. 1 goods carrier

The electric three-wheeler market which, along with the electric two-wheeler segment, is the ‘low-hanging fruit’ of the EV industry in India, is on a roll. In the first six months of the ongoing fiscal year, this segment has seen sales of 7,401 units, which constitutes 510% year-on-year growth (April-September 2020: 1,213 units).

What’s helping accelerate growth in the electric three-wheeler market is the high prices of petrol and diesel (even after the  recent excise duty cut) as well as the massive demand for last-mile delivery across the country from the booming e-commerce industry. And for three-wheeler operators, the road to ...