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Report
Asia Pacific Electric Three-Wheeler Market by Motor Power (Below 1000 W, 1000-1500 W, 1500 W), Battery Capacity (Below 3 kWh, 3-6 kWh, 6 kWh), End-Use (Passenger Carrier, Load Carrier), Range, Battery Type, Payload Capacity & Country - Global Forecast to 2028
Market Report I 2023-05-01 I 261 Pages I MarketsandMarkets
The Asia Pacific electric three-wheeler market is projected to grow from USD 813 Million in 2023 to USD 892 Million by 2028, registering a CAGR of 1.9%. In Asia Pacific, the demand for electric 3-wheelers has been increasing due to various factors such as government policies and incentives promoting the adoption of electric vehicles, rising fuel prices, growing concerns about air pollution and climate change, rapid urbanization leading to congestion and pollution in cities, and a booming e-commerce industry resulting in increased demand for last-mile delivery services.
"By range, up to 50 Miles to remain the largest segment by volume during the forecast period"
Most electric three-wheeler manufacturers provide electric three-wheelers with a range of up to 50 miles. Electric three-wheelers are considered an alternative to conventional vehicles for daily city commuting within the range of 10-12 km. Low-performance but affordable electric three-wheelers usually have a range of up to 50 miles. OEMs, such as Piaggio Group, Saera Electric Auto Pvt. Ltd., and Kinetic Green Vehicles, offer vehicles with a range of up to 50 miles. Mahindra Electric's e-Alfa Mini model has a range of 30-35 km on a single charge and is suited for both cargo and passenger transportation in urban environments, whereas Piaggio's Ape E-City is a three-wheeler having a range of up to 70 km on a single charge, and is designed for urban and suburban use, with a payload capacity of up to 310 kg.
"By end-use, load carriers to be the fastest growing segment during the forecast period"
The demand for electric three-wheeler load carriers has been increasing in the Asia Pacific region due to the increased focus on emission reduction. Various retail, logistics, and courier companies have already started adopting electric three-wheelers. The adoption rate of electric three-wheeler load carriers is expected to grow significantly with the development of more vehicles and technological advancements. Some of the electric three-wheeler load carrier models available in the market include Treo Zor, Atul Elite Cargo, Piaggio Ape Electrik, Electric Tricycle (DLS III 150), and Electric Logistic Cart.
"Thailand to be the fastest growing market with its government planning to adopt EVs in coming decade"
Thailand is home to a large market of 3 wheelers, or tuk-tuks. The country has a large number of polluting 3 wheelers, which it plans to shift to EVs. This will be done as part of the country's plans for an overall EV shift by 2035, with emphasis on 2-wheelers, 3-wheelers and passenger cars. OEM partnership and start of ride hailing services using electric three-wheelers will further boost the demand for these vehicles in Thailand. Start-ups such as Moving and Global Companies such as Grab have also entered this ride hailing space using electric three wheelers. The country has also recently committed to an investment of USD 4.1 Billion to support its EV plans.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Respondent Type: Tier I - 67%, Tier II and Tier III - 9%, and OEMs - 24%
- By Designation: CXOs - 33%, Managers - 52%, Executives - 15%
- By Country: India - 50%, Sri Lanka - 6%, Nepal - 14%, Bangladesh - 20%, Others - 10%
The Asia Pacific electric three-wheeler market is dominated by a few globally established players, such as Mahindra & Mahindra Ltd. (India), Atul Auto Ltd. (India), Piaggio Group (Italy), Saera Electric Auto Pvt. Ltd. (India), and Kinetic Green Vehicles (India). These companies adopted strategies, such as new product launches and deals to gain traction in the Asia Pacific electric three-wheeler market.
Research Coverage:
The report covers the Asia Pacific electric three-wheeler ecosystem based on motor power, battery capacity, end-use, range, battery type, and country. It covers the competitive landscape and company profiles of the major players in the Asia Pacific electric three-wheeler ecosystem. The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall Asia Pacific electric three-wheeler ecosystem and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- This report will also help stakeholders understand the market's pulse and provide information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION 22
TABLE 1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE 22
TABLE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE 23
TABLE 3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER 23
TABLE 4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY 24
TABLE 5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE 24
TABLE 6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY 24
1.2.1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: INCLUSIONS AND EXCLUSIONS 25
FIGURE 1 ELECTRIC THREE-WHEELER MODEL INCLUSIONS AND EXCLUSIONS 26
1.3 MARKET SCOPE 26
1.3.1 MARKET SEGMENTATION 26
1.3.2 COUNTRIES COVERED 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 28
TABLE 7 CURRENCY EXCHANGE RATES 28
1.5 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN 29
FIGURE 3 RESEARCH DESIGN MODEL 30
2.1.1 SECONDARY DATA 30
2.1.1.1 Key secondary sources 31
2.1.1.2 Key data from secondary sources 32
2.1.2 PRIMARY DATA 32
2.1.2.1 Primary interviews - demand and supply sides 33
2.1.2.2 Key industry insights and breakdown of primary interviews 33
FIGURE 4 KEY INDUSTRY INSIGHTS 33
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS 34
2.1.2.3 List of primary participants 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 36
2.2.1 BOTTOM-UP APPROACH 36
FIGURE 7 BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 37
FIGURE 8 TOP-DOWN APPROACH 37
FIGURE 9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN & METHODOLOGY 38
2.3 RECESSION IMPACT ANALYSIS 38
2.4 DATA TRIANGULATION 39
FIGURE 10 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 40
2.5 FACTOR ANALYSIS 41
2.6 RESEARCH ASSUMPTIONS 41
2.7 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
FIGURE 12 FACTORS DRIVING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 44
FIGURE 13 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MARKET DYNAMICS 45
FIGURE 14 INDIA TO DOMINATE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET DURING 2023-2028 46
FIGURE 15 PASSENGER CARRIER END-USE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 48
FIGURE 16 LOW OPERATING AND MAINTENANCE COSTS TO DRIVE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 48
4.2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER 49
FIGURE 17 1,000-1,500 W MOTOR POWER SEGMENT TO LEAD MARKET FROM 2023 TO 2028 49
4.3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE 49
FIGURE 18 LITHIUM-ION BATTERY TYPE TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 49
4.4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE 50
FIGURE 19 UP TO 50 MILES RANGE SEGMENT TO HOLD LARGER MARKET SHARE FROM 2023 TO 2028 50
4.5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY 50
FIGURE 20 3-6 KWH TO BE LARGEST BATTERY CAPACITY SEGMENT FROM 2023 TO 2028 50
4.6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE 51
FIGURE 21 PASSENGER CARRIER END-USE SEGMENT TO LEAD MARKET FROM 2023 TO 2028 51
4.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY 51
FIGURE 22 300-500 KG PAYLOAD CAPACITY SEGMENT TO LEAD MARKET FROM 2023 TO 2028 51
4.8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY 52
FIGURE 23 INDIA WAS LARGEST ELECTRIC THREE-WHEELER MARKET IN ASIA PACIFIC IN 2022 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 54
5.2.1 DRIVERS 55
FIGURE 25 KEY DRIVERS OF ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET 55
5.2.1.1 Low operating and maintenance costs 55
FIGURE 26 ELECTRICITY TARIFF FOR PERSONAL USE CASES AT DIFFERENT LEVELS OF ENERGY CONSUMPTION 56
TABLE 8 AVERAGE ENERGY CONSUMPTION OF THREE-WHEELERS 56
5.2.1.2 Government incentives and subsidies 57
TABLE 9 INDIA: GOVERNMENT INCENTIVES, BY MODEL, 2022 57
TABLE 10 INDIA: GOVERNMENT INCENTIVES, BY STATE 59
5.2.1.3 Advancements in battery technology, coupled with reducing prices 61
FIGURE 27 ELECTRIC VEHICLE BATTERY PRICING ANALYSIS 61
FIGURE 28 INDIA: BATTERY PRICES, BY BATTERY CAPACITY (KWH) 62
5.2.1.4 Established market for three-wheelers for urban transportation 62
5.2.2 RESTRAINTS 63
FIGURE 29 KEY RESTRAINTS FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET 63
5.2.2.1 Low number of charging stations 63
FIGURE 30 NUMBER OF CHARGING POINTS ACROSS ASIA PACIFIC 64
TABLE 11 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE 64
5.2.2.2 Limited power output, vehicle range, and speed 65
TABLE 12 ELECTRIC THREE-WHEELER RANGE 65
5.2.3 OPPORTUNITIES 66
FIGURE 31 KEY OPPORTUNITIES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET 66
5.2.3.1 Automobile manufacturer- and customer-oriented policies to promote sales 66
5.2.3.2 Stringent emission norms and environmental regulations 67
TABLE 13 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016-2021 67
5.2.3.3 New revenue pockets in Asia Pacific 67
5.2.4 CHALLENGES 68
FIGURE 32 KEY CHALLENGES FOR ASIA PACIFIC ELECTRIC THREE-WHEELERS MARKET 68
5.2.4.1 Limited battery capacity 69
TABLE 14 BATTERY CAPACITIES OF POPULAR ELECTRIC THREE-WHEELER MODELS 69
5.2.4.2 High initial investments 69
FIGURE 33 AVERAGE TOTAL COST OF CONVENTIONAL VS. ELECTRIC THREE-WHEELERS (2022) 70
FIGURE 34 AVERAGE TOTAL COST OF ELECTRIC THREE-WHEELER COMPONENTS (2022) 70
5.2.4.3 Lack of compatibility, interchangeability, and standardization 70
TABLE 15 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: IMPACT OF MARKET DYNAMICS 71
5.3 PORTER'S FIVE FORCES ANALYSIS 72
FIGURE 35 PORTER'S FIVE FORCES ANALYSIS OF ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 72
TABLE 16 IMPACT OF PORTER'S FIVE FORCES ON ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 73
5.3.1 INTENSITY OF COMPETITIVE RIVALRY 73
5.3.2 THREAT OF NEW ENTRANTS 73
5.3.3 THREAT OF SUBSTITUTES 73
5.3.4 BARGAINING POWER OF SUPPLIERS 73
5.3.5 BARGAINING POWER OF BUYERS 74
5.4 VALUE CHAIN ANALYSIS 74
FIGURE 36 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: VALUE CHAIN ANALYSIS 74
5.5 MACROECONOMIC INDICATORS 76
5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ASIA PACIFIC ECONOMIES 76
TABLE 17 GDP TRENDS AND FORECAST BY MAJOR ASIA PACIFIC ECONOMIES, 2018-2026 (USD BILLION) 76
5.6 PRICING ANALYSIS 77
5.6.1 OEM-WISE PRICING ANALYSIS 77
TABLE 18 OEM ELECTRIC THREE-WHEELER PRICING ANALYSIS (USD) (2023) 77
FIGURE 37 VOLUME WEIGHTED AVERAGE LITHIUM-ION BATTERY PACK AND CELL PRICE SPILT, 2013-2022 77
5.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET ECOSYSTEM 78
FIGURE 38 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ECOSYSTEM ANALYSIS 78
5.7.1 OEMS 78
5.7.2 RAW MATERIAL SUPPLIERS 79
5.7.3 BATTERY MANUFACTURERS 79
5.7.4 CHARGING INFRASTRUCTURE PROVIDERS 79
TABLE 19 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: ROLE OF COMPANIES IN ECOSYSTEM 79
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 81
5.8.1 PASSENGER CARRIER 81
5.8.2 LOAD CARRIER 81
5.8.3 KEY STAKEHOLDERS IN BUYING PROCESS 81
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 END-USES (%) 81
5.8.4 BUYING CRITERIA 82
FIGURE 39 KEY BUYING CRITERIA FOR TOP 2 END-USES 82
5.9 TECHNOLOGY ANALYSIS 82
5.9.1 BATTERY SWAPPING IN ELECTRIC THREE-WHEELERS 83
5.9.2 IOT IN ELECTRIC THREE-WHEELERS 83
FIGURE 40 IOT-ENABLED SMART GRID 84
5.9.3 REGENERATIVE BRAKING SYSTEMS 84
FIGURE 41 REGENERATIVE BRAKING IN ELECTRIC THREE-WHEELERS 85
5.9.4 SOLID STATE BATTERY (SSB) 85
5.9.5 HYDROGEN FUEL CELL 86
FIGURE 42 COMPARISON OF HYDROGEN AND EV DRIVE 86
5.10 PATENT ANALYSIS 87
FIGURE 43 NUMBER OF PUBLISHED PATENTS (2012-2023) 87
TABLE 21 IMPORTANT PATENT REGISTRATIONS RELATED TO ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 87
5.11 CASE STUDIES 93
5.11.1 CASE STUDY 1: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH CAPTIVE PLUG-IN CHARGING 93
5.11.2 CASE STUDY 2: ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATIONS WITH BATTERY SWAPPING 93
5.12 REGULATORY OVERVIEW 94
5.12.1 INDIA 94
TABLE 22 INDIAN REGULATORY FRAMEWORK: DIFFERENCE BETWEEN THE ROLE OF ELECTRIC RICKSHAWS AND ELECTRIC AUTO RICKSHAWS 94
5.12.2 CHINA 95
5.12.3 THAILAND 95
5.12.4 VIETNAM 96
5.12.5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
5.13 TRENDS AND DISRUPTIONS 98
FIGURE 44 BATTERY, CHARGING, AND CONNECTIVITY TECHNOLOGIES TO CATER GROWTH OF ELECTRIC THREE-WHEELERS 98
5.14 KEY CONFERENCES AND EVENTS, 2023 99
TABLE 24 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: KEY CONFERENCES AND EVENTS 99
5.15 SCENARIO ANALYSIS (2023-2028) 99
5.15.1 MOST LIKELY SCENARIO 99
TABLE 25 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MOST LIKELY SCENARIO, BY COUNTRY, 2023-2028 (UNITS) 100
5.15.2 OPTIMISTIC SCENARIO 100
TABLE 26 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: OPTIMISTIC SCENARIO, BY COUNTRY, 2023-2028 (UNITS) 100
5.15.3 PESSIMISTIC SCENARIO 101
TABLE 27 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: PESSIMISTIC SCENARIO, BY COUNTRY, 2023-2028 (UNITS) 101
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6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER 102
6.1 INTRODUCTION 103
FIGURE 45 1,000-1,500 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 103
TABLE 28 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 104
TABLE 29 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 104
6.1.1 OPERATIONAL DATA 104
TABLE 30 POPULAR ELECTRIC THREE-WHEELER MODELS, BY MOTOR POWER 104
FIGURE 46 ELECTRIC THREE-WHEELER POWERTRAIN ARCHITECTURE 105
TABLE 31 FACTORS DECIDING MOTOR POWER OF ELECTRIC THREE-WHEELERS 105
6.1.2 ASSUMPTIONS 106
TABLE 32 ASSUMPTIONS: BY MOTOR POWER 106
6.1.3 RESEARCH METHODOLOGY 106
6.2 BELOW 1,000 W 106
6.2.1 LOW COST OF OPERATIONS, NOISE POLLUTION, AND CARBON FOOTPRINT OF LOW-POWERED EVS TO DRIVE MARKET 106
TABLE 33 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 107
TABLE 34 BELOW 1,000 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 107
6.3 1,000-1,500 W 108
6.3.1 TRANSITION TO ELECTRIC RICKSHAWS IN SOUTH ASIAN COUNTRIES TO PROPEL MARKET 108
TABLE 35 1,000-1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 109
TABLE 36 1,000-1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 109
6.4 ABOVE 1,500 W 110
6.4.1 GROWTH OF CONSUMER DELIVERY SERVICES TO INCREASE DEMAND 110
TABLE 37 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 111
TABLE 38 ABOVE 1,500 W: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 111
6.5 KEY PRIMARY INSIGHTS 112
7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE 113
7.1 INTRODUCTION 114
FIGURE 47 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 114
TABLE 39 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2019-2022 (UNITS) 115
TABLE 40 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2023-2028 (UNITS) 115
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7.1.1 OPERATIONAL DATA 115
TABLE 41 ELECTRIC THREE-WHEELER MODELS, BY BATTERY TYPE 115
TABLE 42 MARKET SHARE: TOP EV BATTERY MANUFACTURERS (2022) 116
7.1.2 ASSUMPTIONS 116
TABLE 43 ASSUMPTIONS: BY BATTERY TYPE 116
7.1.3 RESEARCH METHODOLOGY 117
7.2 LEAD-ACID BATTERY 117
7.2.1 AFFORDABLE COST TO PLAY VITAL ROLE IN MARKET GROWTH 117
7.3 LITHIUM-ION BATTERY 118
7.3.1 LONG BATTERY LIFE AND DURABILITY TO DRIVE MARKET 118
7.4 OTHER BATTERY TYPES 119
TABLE 44 NON-MAINSTREAM BATTERY TYPES AND THEIR PROVIDERS 120
7.5 KEY PRIMARY INSIGHTS 120
8 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY 121
8.1 INTRODUCTION 122
FIGURE 48 300-500 KG PAYLOAD CAPACITY TO LEAD MARKET DURING FORECAST PERIOD 122
TABLE 45 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019-2022 (UNITS) 122
TABLE 46 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023-2028 (UNITS) 123
TABLE 47 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019-2022 (UNITS) 123
TABLE 48 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023-2028 (UNITS) 123
8.1.1 ASSUMPTIONS 124
TABLE 49 ASSUMPTIONS: BY PAYLOAD CAPACITY 124
8.1.2 RESEARCH METHODOLOGY 124
8.2 UP TO 300 KG 124
8.2.1 NOISE-FREE OPERATIONS AND AFFORDABILITY TO DRIVE DEMAND 124
TABLE 50 UP TO 300 KG LOAD CAPACITY MODELS 125
8.3 300-500 KG 125
8.3.1 WIDE USE IN LAST MILE DELIVERIES TO BOOST MARKET 125
TABLE 51 300-500 KG LOAD CAPACITY MODELS 126
8.4 ABOVE 500 KG 126
8.4.1 MODERATE DISTANCE LOGISTICS AND SPECIAL APPLICATIONS TO SPUR DEMAND 126
TABLE 52 ABOVE 500 KG PAYLOAD CAPACITY MODELS 127
8.5 KEY PRIMARY INSIGHTS 127
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9 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY 128
9.1 INTRODUCTION 129
TABLE 53 TYPES OF BATTERIES AND THEIR CHARACTERISTICS 129
FIGURE 49 3-6 KWH SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE 130
TABLE 54 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2019-2022 (UNITS) 130
TABLE 55 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY, 2023-2028 (UNITS) 130
9.1.1 ASSUMPTIONS 131
9.1.2 RESEARCH METHODOLOGY 131
9.2 BELOW 3 KWH 131
9.2.1 DEMAND FOR AFFORDABLE TRANSPORTATION TO DRIVE MARKET 131
TABLE 56 BELOW 3 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL 132
9.3 3-6 KWH 132
9.3.1 INCREASING DEMAND FOR INTRACITY TRAVEL TO PROPEL MARKET 132
TABLE 57 3-6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL 133
9.4 ABOVE 6 KWH 133
9.4.1 ELECTRIC THREE-WHEELERS WITH PERSISTENT BATTERY SYSTEMS TO BOOST MARKET 133
TABLE 58 ABOVE 6 KWH: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MODEL 134
9.5 KEY PRIMARY INSIGHTS 134
10 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE 135
10.1 INTRODUCTION 136
FIGURE 50 ABOVE 50 MILES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 136
TABLE 59 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 137
TABLE 60 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 137
10.1.1 OPERATIONAL DATA 137
TABLE 61 ASIA PACIFIC ELECTRIC THREE-WHEELER MODELS, BY RANGE 137
10.1.2 ASSUMPTIONS 138
TABLE 62 ASSUMPTIONS: BY RANGE 138
10.1.3 RESEARCH METHODOLOGY 138
10.2 UP TO 50 MILES 138
10.2.1 DEMAND FOR AFFORDABLE ELECTRIC THREE-WHEELERS TO DRIVE SEGMENT 138
TABLE 63 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 139
TABLE 64 UP TO 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 139
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10.3 ABOVE 50 MILES 140
10.3.1 INCREASING BATTERY ENERGY DENSITY TO DRIVE SEGMENT 140
TABLE 65 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022(UNITS) 141
TABLE 66 ABOVE 50 MILES: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 141
10.4 KEY PRIMARY INSIGHTS 142
11 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE 143
11.1 INTRODUCTION 144
FIGURE 51 LOAD CARRIER SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 144
TABLE 67 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 145
TABLE 68 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 145
11.1.1 OPERATIONAL DATA 145
TABLE 69 TOP-SELLING ELECTRIC THREE-WHEELER MODELS, BY END-USE 145
11.1.2 ASSUMPTIONS 146
TABLE 70 ASSUMPTIONS: BY END-USE 146
11.1.3 RESEARCH METHODOLOGY 146
11.2 PASSENGER CARRIER 146
11.2.1 LOW TOTAL COST OF OWNERSHIP OF ELECTRIC THREE-WHEELERS COMPARED WITH ICE COUNTERPARTS TO DRIVE MARKET 146
TABLE 71 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 147
TABLE 72 PASSENGER CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 147
11.3 LOAD CARRIER 148
11.3.1 USE OF ELECTRIC THREE-WHEELERS IN LOGISTICS AND LAST-MILE DELIVERIES TO BOOST MARKET 148
TABLE 73 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 149
TABLE 74 LOAD CARRIER: ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 149
11.4 KEY PRIMARY INSIGHTS 150
12 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY 151
12.1 INTRODUCTION 152
FIGURE 52 INDIA WAS LARGEST MARKET IN 2022 153
FIGURE 53 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY 153
TABLE 75 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2019-2022 (UNITS) 154
TABLE 76 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2023-2028 (UNITS) 154
TABLE 77 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (USD MILLION) 154
TABLE 78 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (USD MILLION) 155
12.2 INDIA 155
12.2.1 INCREASING TREND OF LAST-MILE DELIVERY AND BATTERY SWAPPING TO BOOST MARKET 155
TABLE 79 INDIA: GOVERNMENT SUBSIDIES AND INCENTIVES FOR ELECTRIC THREE-WHEELERS, BY STATE 156
TABLE 80 COMPANIES ADOPTING ELECTRIC THREE-WHEELER LOAD CARRIERS IN INDIA 157
FIGURE 54 E-CARTS AND GOODS E-AUTO ACCOUNT FOR LOAD- CARRIER SEGMENT, TOGETHER HELD 9-10% OF INDIAN ELECTRIC THREE-WHEELER MARKET IN 2022 158
TABLE 81 DEVELOPMENTS REGARDING BATTERY SWAPPING STATIONS IN INDIA 159
TABLE 82 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 160
TABLE 83 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 160
TABLE 84 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 160
TABLE 85 INDIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 160
TABLE 86 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 160
TABLE 87 INDIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 161
TABLE 88 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2019-2022 (UNITS) 161
TABLE 89 INDIA: ELECTRIC THREE-WHEELER MARKET, BY PAYLOAD CAPACITY, 2023-2028 (UNITS) 161
12.3 JAPAN 162
12.3.1 STRINGENT EMISSION STANDARDS AND PLANS FOR BATTERY SWAPPING TO PROPEL DEMAND 162
TABLE 90 TARGET FOR ADOPTION OF EVS IN JAPAN 162
TABLE 91 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 163
TABLE 92 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 163
TABLE 93 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 163
TABLE 94 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 163
TABLE 95 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 163
TABLE 96 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 164
12.4 THAILAND 164
12.4.1 INCREASING DEMAND FOR E-TUK-TUK FOR LOCAL TRANSPORT TO BOOST DEMAND 164
TABLE 97 TARGET FOR ELECTRIC VEHICLE ADOPTION IN THAILAND 165
TABLE 98 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 165
TABLE 99 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 165
TABLE 100 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 165
TABLE 101 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 166
TABLE 102 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 166
TABLE 103 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 166
12.5 BANGLADESH 167
12.5.1 FAVORABLE GOVERNMENT POLICIES FOR ELECTRIC THREE-WHEELER IMPORTS TO DRIVE MARKET 167
FIGURE 55 BANGLADESH: ELECTRIC VEHICLE MARKET SCENARIO 167
TABLE 104 ELECTRIC THREE-WHEELER DEVELOPMENTS IN BANGLADESH 168
TABLE 105 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 168
TABLE 106 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 168
TABLE 107 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 168
TABLE 108 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 169
TABLE 109 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 169
TABLE 110 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 169
12.6 NEPAL 170
12.6.1 ELECTRIC THREE-WHEELER IMPORT POLICIES AND PLANS FOR DOMESTIC PRODUCTION TO INCREASE DEMAND 170
TABLE 111 POLICY FOR ADOPTION OF EVS IN NEPAL 170
TABLE 112 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 170
TABLE 113 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 171
TABLE 114 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 171
TABLE 115 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 171
TABLE 116 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 171
TABLE 117 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 171
12.7 SRI LANKA 172
12.7.1 RECOVERY FROM ECONOMIC CRISIS TO BOOST MARKET 172
TABLE 118 LITHIUM-ION BATTERY IMPORTERS IN SRI LANKA (2021) 173
TABLE 119 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 173
TABLE 120 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 173
TABLE 121 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 173
TABLE 122 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 174
TABLE 123 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 174
TABLE 124 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 174
12.8 INDONESIA 175
12.8.1 REDUCTION OF IMPORT DUTIES ON COMPONENTS TO DRIVE MARKET 175
TABLE 125 POLICY FOR ADOPTION OF EVS IN INDONESIA 175
FIGURE 56 EV MANUFACTURING HUB SETUP ROADMAP IN INDONESIA 176
TABLE 126 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 176
TABLE 127 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 176
TABLE 128 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 177
TABLE 129 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 177
TABLE 130 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 177
TABLE 131 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 177
12.9 PHILIPPINES 178
12.9.1 ADOPTION OF ELECTRIC THREE-WHEELERS IN PROMINENT BUSINESS DISTRICTS AND URBAN AREAS TO DRIVE MARKET 178
TABLE 132 TARGET FOR EVS IN PHILIPPINES 178
TABLE 133 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 178
TABLE 134 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 179
TABLE 135 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 179
TABLE 136 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 179
TABLE 137 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 179
TABLE 138 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 180
12.10 VIETNAM 180
12.10.1 FAVORABLE GOVERNMENT POLICIES FOR EVS TO IMPROVE AIR QUALITY TO DRIVE MARKET 180
TABLE 139 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2019-2022 (UNITS) 180
TABLE 140 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2023-2028 (UNITS) 181
TABLE 141 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2019-2022 (UNITS) 181
TABLE 142 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER, 2023-2028 (UNITS) 181
TABLE 143 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2019-2022 (UNITS) 181
TABLE 144 VIETNAM: ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2023-2028 (UNITS) 181
12.11 CHINA 182
12.11.1 GOVERNMENT MANDATES FOR EV MANUFACTURERS TO DRIVE MARKET 182
TABLE 145 EV BATTERY MANUFACTURERS IN CHINA 182
12.12 SINGAPORE 183
12.12.1 GROWING CHARGING INFRASTRUCTURE TO DRIVE MARKET 183
TABLE 146 TARGET FOR EVS IN SINGAPORE 183
13 COMPETITIVE LANDSCAPE 184
13.1 OVERVIEW 184
13.2 MARKET SHARE ANALYSIS FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 184
TABLE 147 MARKET SHARE ANALYSIS, 2022 184
FIGURE 57 MARKET SHARE ANALYSIS, 2022 185
13.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 187
FIGURE 58 TOP PLAYERS DOMINATING ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 187
13.4 COMPETITIVE SCENARIO 187
13.4.1 DEALS 187
TABLE 148 DEALS, 2020-2023 188
13.4.2 PRODUCT DEVELOPMENTS 189
TABLE 149 PRODUCT DEVELOPMENTS, 2020-2023 189
13.4.3 OTHER DEVELOPMENTS 190
TABLE 150 OTHER DEVELOPMENTS, 2020-2023 190
13.5 COMPETITIVE LEADERSHIP MAPPING FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 191
13.5.1 STARS 191
13.5.2 EMERGING LEADERS 191
13.5.3 PERVASIVE PLAYERS 191
13.5.4 EMERGING COMPANIES 191
FIGURE 59 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022 192
13.6 COMPANY EVALUATION QUADRANT-PRODUCT FOOTPRINT 193
TABLE 151 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY FOOTPRINT, 2022 193
TABLE 152 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY APPLICATION FOOTPRINT, 2022 193
TABLE 153 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COUNTRY FOOTPRINT, 2022 194
13.7 COMPETITIVE EVALUATION QUADRANT, START-UPS 194
13.7.1 PROGRESSIVE COMPANIES 194
13.7.2 RESPONSIVE COMPANIES 194
13.7.3 DYNAMIC COMPANIES 195
13.7.4 STARTING BLOCKS 195
FIGURE 60 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2022 195
TABLE 154 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: LIST OF KEY START-UPS 196
14 COMPANY PROFILES 197
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 197
14.1.1 MAHINDRA & MAHINDRA LTD. 197
TABLE 155 MAHINDRA & MAHINDRA LTD.: COMPANY OVERVIEW 197
FIGURE 61 MAHINDRA & MAHINDRA LTD.: COMPANY SNAPSHOT 198
TABLE 156 MAHINDRA & MAHINDRA LTD.: ELECTRIC THREE-WHEELER SALES (2019-2021) 198
FIGURE 62 MAHINDRA & MAHINDRA LTD.: MANUFACTURING PLANTS IN INDIA 199
TABLE 157 MAHINDRA & MAHINDRA LTD.: PRODUCTS OFFERED 200
TABLE 158 MAHINDRA & MAHINDRA LTD.: PRODUCT DEVELOPMENTS 201
TABLE 159 MAHINDRA & MAHINDRA LTD.: DEALS 202
TABLE 160 MAHINDRA & MAHINDRA LTD.: OTHERS 203
14.1.2 ATUL AUTO LTD. 204
TABLE 161 ATUL AUTO LTD.: COMPANY OVERVIEW 204
FIGURE 63 ATUL AUTO LTD.: COMPANY SNAPSHOT 205
TABLE 162 ATUL AUTO LTD.: PRODUCTS OFFERED 205
TABLE 163 ATUL AUTO LTD.: PRODUCT DEVELOPMENTS 206
TABLE 164 ATUL AUTO LTD.: DEALS 206
TABLE 165 ATUL AUTO LTD.: OTHERS 207
14.1.3 PIAGGIO GROUP 208
TABLE 166 PIAGGIO GROUP: COMPANY OVERVIEW 208
FIGURE 64 PIAGGIO GROUP: COMPANY SNAPSHOT 209
TABLE 167 PIAGGIO GROUP: PRODUCTS OFFERED 209
TABLE 168 PIAGGIO GROUP: NEW PRODUCT DEVELOPMENTS 210
TABLE 169 PIAGGIO GROUP: DEALS 211
TABLE 170 PIAGGIO GROUP: OTHERS 212
14.1.4 SAERA ELECTRIC AUTO PVT. LTD. 213
TABLE 171 SAERA ELECTRIC AUTO PVT. LTD.: COMPANY OVERVIEW 213
TABLE 172 SAERA ELECTRIC AUTO PVT. LTD.: PRODUCTS OFFERED 213
TABLE 173 SAERA ELECTRIC AUTO PVT. LTD.: NEW PRODUCT DEVELOPMENTS 215
TABLE 174 SAERA ELECTRIC AUTO PVT. LTD.: DEALS 215
TABLE 175 SAERA ELECTRIC AUTO PVT. LTD.: OTHERS 215
14.1.5 KINETIC GREEN VEHICLES 217
TABLE 176 KINETIC GREEN VEHICLES: COMPANY OVERVIEW 217
FIGURE 65 KINETIC GREEN VEHICLES: COMPANY SNAPSHOT 217
TABLE 177 KINETIC GREEN VEHICLES: PRODUCTS OFFERED 218
TABLE 178 KINETIC GREEN VEHICLES: PRODUCT DEVELOPMENTS 218
TABLE 179 KINETIC GREEN VEHICLES: DEALS 219
TABLE 180 KINETIC GREEN VEHICLES: OTHERS 219
14.1.6 JIANGSU JINPENG GROUP CO., LTD. 221
TABLE 181 JIANGSU JINPENG GROUP CO., LTD.: COMPANY OVERVIEW 221
TABLE 182 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS OFFERED 221
TABLE 183 JIANGSU JINPENG GROUP CO., LTD.: PRODUCTS (ELECTRIC CARGO) OFFERED 222
TABLE 184 JIANGSU JINPENG GROUP CO., LTD.: DEALS 223
TABLE 185 JIANGSU JINPENG GROUP CO., LTD.: OTHERS 223
14.1.7 SKYRIDE AUTOMOTIVE 224
TABLE 186 SKYRIDE AUTOMOTIVE: COMPANY OVERVIEW 224
TABLE 187 SKYRIDE AUTOMOTIVE: PRODUCTS OFFERED 224
14.1.8 YATRI ELECTRIC VEHICLE 226
TABLE 188 YATRI ELECTRIC VEHICLE: COMPANY OVERVIEW 226
TABLE 189 YATRI ELECTRIC VEHICLE: PRODUCTS OFFERED 226
TABLE 190 YATRI VEHICLES: PRODUCTS AND FEATURES 228
14.1.9 SHADO GROUP INTERNATIONAL PTE. LTD. 229
TABLE 191 SHADO GROUP INTERNATIONAL PTE. LTD.: COMPANY OVERVIEW 229
TABLE 192 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCTS OFFERED 229
TABLE 193 SHADO GROUP INTERNATIONAL PTE. LTD.: PRODUCT DEVELOPMENTS 230
TABLE 194 SHADO GROUP INTERNATIONAL PTE. LTD.: DEALS 230
TABLE 195 SHADO GROUP INTERNATIONAL PTE. LTD.: OTHERS 230
14.1.10 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY 231
TABLE 196 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: COMPANY OVERVIEW 231
TABLE 197 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY: PRODUCTS OFFERED 231
14.1.11 LOHIA AUTO INDUSTRIES 235
TABLE 198 LOHIA AUTO INDUSTRIES: COMPANY OVERVIEW 235
FIGURE 66 ELECTRIC UTILITY VEHICLES OFFERED BY LOHIA AUTO INDUSTRIES 235
TABLE 199 LOHIA AUTO INDUSTRIES: PRODUCTS OFFERED 236
TABLE 200 LOHIA AUTO INDUSTRIES: NEW PRODUCT DEVELOPMENTS 237
14.1.12 TERRA MOTORS CORPORATION 238
TABLE 201 TERRA MOTORS CORPORATION: COMPANY OVERVIEW 238
TABLE 202 TERRA MOTORS CORPORATION: PRODUCTS OFFERED 238
TABLE 203 TERRA MOTORS CORPORATION: NEW PRODUCT DEVELOPMENTS 239
TABLE 204 TERRA MOTORS CORPORATION: DEALS 239
TABLE 205 TERRA MOTORS CORPORATION: OTHERS 240
?
14.1.13 KYBURZ 241
TABLE 206 KYBURZ: COMPANY OVERVIEW 241
TABLE 207 KYBURZ: PRODUCTS OFFERED 241
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS 243
14.2.1 CHANGZHOU YUFENG VEHICLE CO., LTD. 243
14.2.2 JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO., LTD. 243
14.2.3 ELECTRIC VEHICLES (THAILAND) CO., LTD. 244
14.2.4 PROZZA HIROSE MANUFACTURING INC. 244
14.2.5 BAJAJ AUTO 245
14.2.6 GAYAM MOTOR WORKS PRIVATE LIMITED 245
14.2.7 BEMAC CORPORATION 246
14.2.8 SPEEGO VEHICLES CO. PVT. LIMITED 246
14.2.9 OMEGA SEIKI PRIVATE LIMITED 247
14.2.10 KSL CLEANTECH LIMITED 247
14.2.11 ALTIGREEN 248
14.2.12 GREEN SHUTTLE TECHNOLOGY PVT. LTD. 248
14.2.13 KAWAOKA MACHINERY AND ELECTRIC (NANTONG) CO., LTD. 249
14.2.14 BODO VEHICLE GROUP 249
14.2.15 J.S. AUTO (P) LTD. 250
14.2.16 BAAGH ECO MOTORS 250
14.2.17 BEEVATECH LIMITED 251
14.2.18 SL MOBILITY 251
15 RECOMMENDATIONS BY MARKETSANDMARKETS 252
15.1 INDIA: KEY FOCUS MARKET FOR ELECTRIC THREE-WHEELERS 252
15.2 LAST-MILE DELIVERY, LOGISTICS, SUPPLY CHAIN, AND WAREHOUSING TO CREATE NEW OPPORTUNITIES FOR E-THREE-WHEELER MANUFACTURERS 252
15.3 CONCLUSION 253
16 APPENDIX 254
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 254
16.2 DISCUSSION GUIDE 254
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 257
16.4 CUSTOMIZATION OPTIONS 259
16.5 RELATED REPORTS 259
16.6 AUTHOR DETAILS 260
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