3-Wheeler FY 24 Vs FY 23 Sales Report for India

FY 23-24 has finally ended with the last day of March and here are the sales numbers for 3-wheelers sold in India during FY 23-24. 

Last-mile mobility plays an important role in the supply chain process as it ensures humans or goods finally reach their entitled destination. In India, 3 Wheelers play an important role in ensuring last-mile mobility due to their compact design enabling them to navigate through city or village roads seamlessly. Here in this blog, we bring out the sales numbers of the top 3-wheeler OEMs in India for FY 24 and also a comparison of their performance w.r.t FY 23.

3-Wheeler sales report for India: March FY 23 Vs March FY 24

Before we proceed with FY 23 Vs FY 24 data let’s have a look at the performance of 3-Wheeler OEMs in the last month of FY 24, i.e. March. 

Bajaj Auto, Piaggio & Mahindra Last Mile Mobility (Mahindra & Mahindra) remained the top 3 OEMs for both instances, i.e. FY 24 March and FY 23 March. Bajaj Auto leads the list with 36,639 units sold in FY 24 March and 32,374 units sold in FY 23 March. The top 3 OEMs had a positive growth rate in FY 24 March when compared with FY 23 March and a combined market share of 51.67% in FY 24 March.

3-Wheeler sales report for India: FY 23 Vs FY 24

Bajaj Auto, Piaggio & Mahindra Last Mile Mobility (Mahindra & Mahindra) remained the top 3 OEMs in the 3-wheeler segment in India for FY 24 with a combined market share of 50.11%. Bajaj Auto tops the list for FY 24 having sold 4,19,070 units, an increase of 58.29% from FY 23 sales numbers. Bajaj Auto is also the only OEM with 6-digit sales in units and the top 5 OEMs in the list have positive growth in sale numbers when compared to FY 23. Hotage corporation with a 1.19% market share in FY 24 reported a 131.56% jump in sales numbers when compared to FY 23. 

In FY 24, 11,65,699 3-wheeler units were sold in India by various OEMs in comparison to 7,83,257 units sold in FY 23.