Code: MTA4066 | Publication Date: Jun 2025 |
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.
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.