Electric Three-Wheeler Market Share

Market Share of Electric Three-Wheeler Industry

The Electric 3-Wheeler Market is highly fragmented, with several players accounting for a smaller portion of market share. Some of the prominent companies in the electric three-wheeler market are Mahindra Electric, Piaggio, Bodo EV, Kinetic Green Energy solution and others. These players are investing heavily in research and development of electric three-wheeler in increasing the load capacity along with the driving range of the vehicle. For instance, 

• In February 2020, Omega Seiki Private Limited introduced Singha and Singha Max which runs on electric power to cater to the needs of the B2B and e-commerce industry. 
• In December 2019, Piaggio launched Ape electric three wheeler in India, with swappable Lithium-ion battery and offers a range of around 70-80 km on a single charge

Electric Three-Wheeler Market Leaders

1. Mahindra electric

2. Piaggio & C. SpA

3. Bodo EV International

4. Kinetic Green Energy Solution

5. Terra Motors

*Disclaimer: Major Players sorted in no particular order