Three-wheeler production volume stood at over 856 thousand units across India at the end of the fiscal year 2023. The transport sector across the south Asian country was ranked third in 2017 in terms of employment opportunities, after textiles and apparel and food processing industries.
India – the uncrowned king of three-wheeler exports
Interestingly, India has emerged to be a notable exporter of three-wheeler vehicles to many of these foreign markets. In the financial year 2023, India exported nearly 366 thousand units of three-wheelers to a variety of international destinations. However, the Asian and African markets, due to volatility in forex rates and economic downturns, often fluctuate and impact the demand from time to time. In fiscal year 2020, Bajaj Auto Limited, one of the automobile manufacturing giants in India, exported more than half of its export to Southeast Asian countries. Other major export destinations included Latin America and Africa.
Leading three-wheeler manufacturers
The three-wheelers in India are extensively used for goods carriage and last-mile passenger transportation. In the financial year 2023, the reasonably consolidated three-wheeler industry consisted of numerous manufacturers. The leading players like Bajaj Auto, Piaggio, and M&M accounted for the majority of the total market share. While Piaggio ruled the load segment of the trade, Bajaj Auto was way ahead in the passenger division of the business. In the fiscal year 2021, Bajaj Auto sold more than 364 thousand units of three-wheelers all over the country.
Production volume of three wheelers across India from financial year 2008 to 2023
(in 1,000s)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
SIAM India. (July 6, 2023). Production volume of three wheelers across India from financial year 2008 to 2023 (in 1,000s) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/829592/india-production-volume-of-three-wheelers/
SIAM India. "Production volume of three wheelers across India from financial year 2008 to 2023 (in 1,000s)." Chart. July 6, 2023. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/829592/india-production-volume-of-three-wheelers/
SIAM India. (2023). Production volume of three wheelers across India from financial year 2008 to 2023 (in 1,000s). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/829592/india-production-volume-of-three-wheelers/
SIAM India. "Production Volume of Three Wheelers across India from Financial Year 2008 to 2023 (in 1,000s)." Statista, Statista Inc., 6 Jul 2023, https://www.statista.com/statistics/829592/india-production-volume-of-three-wheelers/
SIAM India, Production volume of three wheelers across India from financial year 2008 to 2023 (in 1,000s) Statista, https://www.statista.com/statistics/829592/india-production-volume-of-three-wheelers/ (last visited September 19, 2024)
Production volume of three wheelers across India from financial year 2008 to 2023 (in 1,000s) [Graph], SIAM India, July 6, 2023. [Online]. Available: https://www.statista.com/statistics/829592/india-production-volume-of-three-wheelers/