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
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Mahindra electric
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Piaggio & C. SpA
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Bodo EV International
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Kinetic Green Energy Solution
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Terra Motors
*Disclaimer: Major Players sorted in no particular order
