The Pune-based company and India’s largest three-wheeler manufacturer will raise production at the plant to 1 million units from 840,000 (as of the end of 2017-18), paving the way for increased penetration of three wheelers which is available in passenger and goods carrying versions.
Three-wheeler volumes in India have seen a solid surge in the last 12 months reporting a growth of 88 percent to 435,000 units. The surge was on account of release of new permits in Maharashtra, Karnataka, Andhra Pradesh and Delhi.
Bajaj is the market leader with 86 percent market share in the alternate fuel 3 wheelers followed by Italian company Piaggio.
Source: moneycontrol
