Three-wheeler sales had grown by mere than one per cent in FY16. The two top three-wheeler players in the country, Bajaj Auto and Piaggio Vehicles, are driving volumes. Bajaj has seen volumes grow 27 per cent to 149,587 units in H1. Bajaj, which is the biggest three-wheeler maker, has expanded its market share from about 47 per cent in FY16 to 52 per cent now. For Bajaj, the fourth biggest two-wheeler player in the domestic market, the domestic sale of three-wheelers is growing at a significantly higher rate to two-wheelers.
Piaggio, which enjoys a 28 per cent market share in three-wheelers, has grown domestic volumes by almost six per cent to 81,753 units in H1. Mahindra and Mahindra, the third biggest player, saw a flat performance. Some, however, posted a drop in volumes. Atul Auto has reported a six per cent decline during H1, while TVS Motor has seen its sales shrink by over four per cent.
Source Business Standard
