March 2023 Electric three wheeler sales; Piaggio enters in the top 5.
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March 2023 Electric three wheeler sales; Piaggio enters in the top 5.

Mahindra Electric, Yatri EV, Mayuri, Citylife, and Piaggio are in the top 5 on the March 2023 Electric three wheeler retail sales list.

Electric three wheeler sales in India during March 2023 increased by over 37% as compared to last month. The Electric three-wheeler sales crossed the 45,000 mark for the first time in a single month. Mahindra Electric, Piaggio, and OSM recorded an increase in their monthly EV sales figure in March 2023.

The market for electric three-wheelers is poised for further growth due to the rising demand. Contributing factors include escalating fuel prices, government initiatives promoting EVs, and the expanding network of EV charging infrastructure. Additionally, the low total cost of ownership of EVs is a major incentive for small business owners and rickshaw drivers to switch to electric vehicles, further driving the growth of electric commercial vehicles.

In India, Mahindra Last Mile Mobility is currently the biggest player in the electric three-wheeler segment. Mahindra sells electric auto rickshaws and electric pickup/delivery/cargo vehicles. In March 2023, Mahindra Electric sold 4,475 electric three-wheelers and is at the top position in the retail sales list.

New Delhi-based E-Rickshaw and E-Cart manufacturer YC Electric Vehicle, popularly known as Yatri, sold 3,095 e-three wheelers and is at the second position in the retail sales list.

Saera Electric Auto PVT LTD, known as Mayuri, is in third place on the sales list. In March, Mayuri sold 2,244 3-wheeler EVs. It is followed by Dilli Electric/Citylife, which sold 2,061 3W EVs.

Piaggio registered a surge in its electric three wheeler sales. The company sold 1,432 E 3Ws. Sales of OSM (651), Altigreen (255), and Euler Motors (273) also increased in March 2023.

March 2023 Electric three wheeler sales list:

  • MAHINDRA ELECTRIC- 4,475
  • YC ELECTRIC VEHICLE(YATRI)- 3,095
  • SAERA ELECTRIC AUTO PVT LTD(MAYURI)- 2,244
  • DILLI ELECTRIC AUTO PVT LTD(CITYLIFE)- 2,061
  • PIAGGIO VEHICLES PVT LTD- 1,432
  • CHAMPION POLY PLAST- 1,310
  • MINI METRO EV L.L.P- 1,265
  • UNIQUE INTERNATIONAL- 1,149
  • ALLFINE INDUSTRIES PVT LTD- 863
  • J. S. AUTO (P) LTD- 829
  • HOTAGE CORPORATION INDIA- 782
  • SKS TRADE INDIA PVT LTD- 776
  • ENERGY ELECTRIC VEHICLES- 760
  • OMEGA SEIKI PVT LTD - 651
  • VANI ELECTRIC VEHICLES PVT LTD- 648
  • TERRA MOTORS INDIA PVT LTD- 635
  • KHALSA AGENCIES- 601
  • BEST WAY AGENCIES PVT LTD- 598
  • THUKRAL ELECTRIC BIKES PVT LTD- 588
  • SPEEGO VEHICLES CO PVT LTD- 545
  • LECTRIX EV PVT LTD- 528
  • ATUL AUTO LTD- 496
  • G.K. RICKSHAW- 475
  • VIJAYS COOLMAX PRIVATE LIMITED- 475
  • KINETIC GREEN ENERGY & POWER SOLUTIONS LTD- 460
  • TWO FRIENDS AUTO ELECTRIC CO- 354
  • DAKSH INDUSTRIES- 340
  • ARROW AUTOMOTIVE- 338
  • SAHNIANAND E VEHICLES PVT LTD- 318
  • VICTORY ELECTRIC INTERNATIONAL- 314
  • M/S SHRIRAM AUTO TECH PVT LTD- 310
  • SHRIRAJ ELECTRIC VEHICLES- 306
  • UNIQUE ENTERPRISES - 303
  • NOVA AUTOMOTIVE TECHNOLOGIES PVT. LTD-296
  • OM BALAJEE AUTOMOBILE ( INDIA) PVT. LTD- 283
  • EULER MOTORS PVT LTD - 273
  • GAYATRI ELECTRIC VEHICLES- 267
  • BRIGHT AUTOZONE PVT LTD- 259
  • ALTIGREEN PROPULSION LABS PVT LTD - 255
  • MAA SHAKTI EXIM PVT LTD- 255
  • SHRI BARSANA E-VEHICLES PVT LTD- 253
  • GRD MOTORS- 250
  • HOOGHLY MOTORS PVT LTD- 246
  • STAR BULL E MOTORS- 242
  • ZEOPLUS AXIS INDIA PVT. LTD. - 233
  • INDIAN MOTORS - 232
  • AVL ELECTRIC VEHICLES- 225
  • DELTA AUTOCORP LLP - 205
  • OTHERS- 11,123
  • TOTAL- 45,221
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