3-Wheeler Market Size in India | Growth, Share & Outlook 2025

Code: MTA4066 Publication Date: Jun 2025

What is the 3-Wheeler Market Size in India? 

India 3-wheeler market size is estimated to grow substantially between 2024 and 2031. The market is set to grow with several drivers such as the rising need for affordable and efficient mobility solutions. The demand for electric vehicles is rising and support of government through their initiatives sustainable transportation are fuelling this growth. The segment of market caters to both passenger transport and small-scale logistics, showcasing its versatility across urban and rural markets. 

Key Growth Factors 

  • Shift towards electric 3-wheelers, coupled with subsidies and environmental regulations. 
  • Expansion in last-mile delivery services due to the expansion of e-commerce. 
  • Growing investments in EV infrastructure, such as battery-swapping stations and charging hubs.
  • Rising need for affordable public and private transport in tier-2 and tier-3 cities. 
  • The support of government through initiatives like FAME II and state-level EV policies. 
  • Increasing focus on creating cost-efficient and sustainable mobility solutions.
  • Competitive pricing and lower operating costs compared to traditional 4-wheelers. 

Market Trends 

The market is witnessing a transformation, with electric 3-wheelers leading the charge. The trends observed in the market include developments in battery technology to enhance efficiency, the rise of shared mobility platforms using 3-wheelers, and the integration of telematics for better vehicle tracking and fleet management. The demand of lightweight materials and aerodynamic designs is on the rise due to improve payload capacity and energy efficiency. Further, business strategies such as partnerships between private players and government agencies are accelerating the adoption of EVs in the 3-wheeler segment. 

Major Companies in the 3-Wheeler Market in India 

  • Bajaj Auto Ltd. 
  • Piaggio Vehicles Pvt. Ltd. 
  • Mahindra Electric Mobility Ltd. 
  • TVS Motor Company Ltd. 
  • Atul Auto Ltd. 
  • Kinetic Green Energy & Power Solutions Ltd. 
  • Lohia Auto Industries 
  • Saera Electric Auto Pvt. Ltd. 
  • YC Electric Vehicle 
  • Greaves Electric Mobility 
3-Wheeler Market Size in India: FAQs
The expansion of market due to factors including the rising demand for affordable transportation, advancements in electric vehicle technology, and the growth of e-commerce logistics.
The e-commerce boom has created high demand for last-mile delivery vehicles, with 3-wheelers emerging as a cost-effective and efficient solution.
Mainly the focus is increasing on the electric models, lightweight designs, and connected technologies to improve performance and user experience.
Tier-2 and tier-3 cities of India are experiencing considerable growth due to the need for affordable transportation and logistics solutions.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All