February 2023 Electric three wheeler sales; Mahindra Electric at the top of the list.
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February 2023 Electric three wheeler sales; Mahindra Electric at the top of the list.

Mahindra Electric, Yatri EV, Mayuri, Citylife, and Champion Poly Plast are in the top 5 on the February 2023 Electric three wheeler retail sales list.

Electric three wheelers sales in India are on the rise. In February 2023, the number of electric three-wheelers sold surpassed 32,000, indicating a significant growth in demand for these vehicles.

There are several reasons for the popularity of electric three-wheelers. Firstly, these vehicles have lower maintenance costs than their petrol or diesel counterparts, which is a significant factor for small business owners and rickshaw drivers who operate on tight budgets.

Moreover, the Indian government has launched several initiatives to promote the adoption of EVs in the country, including tax incentives, subsidies, and loan facilities for purchasing electric vehicles. These measures have made electric three-wheelers more accessible and affordable to the masses.

Lastly, the rise in fuel prices in India has also contributed to the growth of electric three-wheeler sales, as they offer a more cost-effective and sustainable alternative to traditional fuel-powered vehicles.

In February 2023, 32,909 electric three-wheelers were sold in India.

Mahindra Electric has secured the first position in the sales list. The company sold 3,670 electric 3-wheelers in February 2023. Mahindra Electric offers a range of EVs, including e-auto rickshaws and electric pickup, delivery, and cargo vehicles. The company’s electric vehicle lineup consists of four models: Treo, Treo Yaari, Treo Zor, and Zor Grand. Recently, Mahindra announced that it would export its electric three wheelers to Sri Lanka.

YC Electric Vehicle, also known as Yatri EV has secured the second position on the sales list. The company sold 2,583 E3W in January.

Saera Electric, known as Mayuri, is in third place on the sales list. In February, Mayuri sold 1,839 3-wheeler EVs.

It is followed by Dilli Electric/Citylife(1,528), and Champion Poly Plast(1,236).

Popular auto rickshaw company Piaggio also sold over 1,000 electric three-wheelers. The company sold 1,054 EVs in February. Piaggio manufactures electric auto rickshaws and electric cargo vehicles in India.

February 2023 Electric three wheeler sales list:

  • MAHINDRA ELECTRIC- 3,670
  • YC ELECTRIC VEHICLE(YATRI)- 2,583
  • SAERA ELECTRIC AUTO PVT LTD(MAYURI)- 1,839
  • DILLI ELECTRIC AUTO PVT LTD(CITYLIFE)- 1,528
  • CHAMPION POLY PLAST- 1,236
  • PIAGGIO VEHICLES PVT LTD- 1,054
  • MINI METRO EV L.L.P- 942
  • UNIQUE INTERNATIONAL- 814
  • J. S. AUTO (P) LTD- 806
  • ENERGY ELECTRIC VEHICLES- 691
  • ALLFINE INDUSTRIES PVT LTD- 643
  • HOTAGE CORPORATION INDIA- 634
  • TERRA MOTORS INDIA PVT LTD- 605
  • VANI ELECTRIC VEHICLES PVT LTD- 545
  • SKS TRADE INDIA PVT LTD- 525
  • THUKRAL ELECTRIC BIKES PVT LTD- 512
  • KINETIC GREEN ENERGY & POWER SOLUTIONS LTD- 501
  • BEST WAY AGENCIES PVT LTD- 460
  • LECTRIX EV PVT LTD- 456
  • G.K. RICKSHAW- 422
  • KHALSA AGENCIES- 408
  • SPEEGO VEHICLES CO PVT LTD- 359
  • SAHNIANAND E VEHICLES PVT LTD- 349
  • ARROW AUTOMOTIVE- 313
  • DAKSH INDUSTRIES- 312
  • ATUL AUTO LTD- 307
  • NOVA AUTOMOTIVE TECHNOLOGIES PVT. LTD-305
  • OM BALAJEE AUTOMOBILE ( INDIA) PVT. LTD- 301
  • M/S SHRIRAM AUTO TECH PVT LTD- 301
  • VIJAYS COOLMAX PRIVATE LIMITED- 268
  • TWO FRIENDS AUTO ELECTRIC CO- 267
  • HOOGHLY MOTORS PVT LTD- 254
  • VICTORY ELECTRIC INTERNATIONAL- 247
  • BRIGHT AUTOZONE PVT LTD- 237
  • GAYATRI ELECTRIC VEHICLES- 230
  • OMEGA SEIKI PVT LTD- 222
  • SHRI BARSANA E-VEHICLES PVT LTD- 222
  • GRD MOTORS- 221
  • SHRIRAJ ELECTRIC VEHICLES- 212
  • MAA SHAKTI EXIM PVT LTD- 205
  • OTHERS- 6,903
  • TOTAL- 32,909
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