India Three Wheeler Market 2016-2024: Industry Size, Trends, Share, Demand & Growth Opportunity Analysis, Regional Outlo

1. India Three Wheelers Market Outlook India Three Wheelers Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India  Report Code :AM 1335 www.goldsteinresearch.com +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

2. India Three Wheelers Market Size (USD Billion) & Growth Analysis Fig: 13: India Three Wheelers Market Size (USD Billion)-2016-2024 Sample Request Sample Source: Goldstein Research • India Three Wheeler Marketis anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Further, three wheelers sales increased from XXX thousand units in 2015 to XXX thousand units in 2016, which is likely to reach XXX million units by 2024. • Growth in the market is led by the growing need to curb the air pollution levels and the rising incentive schemes by the government to support manufacturing as well as use of electric three-wheelers. Moreover, consistently increasing affordability of electric three-wheelers is also boosting their adoption across the country. • one of the major trend that driving the growth of three wheelers market is the up-gradation of three wheelers. Three wheeler passenger carriers are expected to benefit from product up-gradations such as 2-stroke to 4-stroke and petrol/diesel to CNG as well as from the fresh permit opening by different state governments. Further, major driver in Indian three wheelers market is the rising population and growing need for affordable and convenient transportation in Tier-II and Tier-III is fuelling the market for passenger and goods carrier three wheelers in India. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

3. India Three Wheelers Market Outlook India Three Wheelers Market Share(%), By Region-2016-2024 India Three Wheelers Market Size USD (Billion). 2016-2024 Sample Request XX% CAGR: (2016-2024) Sample Source: Goldstein Research Source: Goldstein Research In 2016,Passenger Three Wheelersaccounted for the highest market share XX% in Global Automotive Turbochargers Market WithXX%share in 2016, Tier-IICities dominated the India three wheelers market India Three Wheelers Market Share (%), By Major Players -2016 India Three Wheelers Market Share (%), By Fuel Type -2016 India Three Wheelers Market Share(%), By Vehicle Type-2016 Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

4. India Three Wheelers Market Outlook Sample Request • The export market for three-wheelers mirrored the domestic market scenario. Overseas shipments fell by a substantial XX% to XXX,000 units as compared to XXX thousand units in FY2016. The passenger carrier segment registered a fall of XX% while growth in the goods carrier segment was flat. Bajaj Auto remains the largest export player with a XX% share of total export, followed by TVS Motor with XX% and Piaggio with a XX% share. • Over the past few years, manufacturers like Tata Motors and Mahindra & Mahindra have been expanding the mini truck segment to every load and price point. This is taking a toll on the three- wheeler segment which is seeing transport operators preferring to buy a four-wheeler which offers better operating economics and also social status in the Indian context • Overall three-wheeler sales in FY2016-17 fell XX% to XXX thousand units (2015-16: XXX,000). While sales of passenger carriers, the biggest segment in the three-wheeler segment, declined XX% to XXX,000 units (2015-16: XXX,000), the goods carrier segment registered XX% growth with sale of XXX,000 units (2015-16: XX,000). • Three wheelers are an integral part of the country’s automobile sector as they are one of the most preferred means of transportation in rural as well as urban India. India is positioned as the largest manufacturer as well as market for three wheelers globally with industry volumes of around XXX,000 units in 2015-16. • Moreover, three wheeler manufacturers in India are growing interest in exploring the rural markets, which further aided the three wheelers market growth in India. In 2018, it is expected that three wheelers market is anticipated to witness gradual pickup in demand as the effect of demonetization and GST begins to moderate. Growing Sales in Rural Regions Sample Stringent Emission Norms Fuel Efficiency India Three Wheelers Sales (Million Units) Domestic Sales Export XX Thousand Units 2016 XX Thousand Units Technological Advancement XX Thousand Units 2024 XX Thousand Units Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

5. India Three Wheelers Market Outlook : 2016-2024 Fig: 11: Three-wheelers: Production, Sales and Exports (Thousand Units) 2014-2017 Fig: 10: Regional Three Wheelers Registrations (thousands of units), 201-2016 XX% XX% XX% Sample Source: Goldstein Research Source: Goldstein Research • Production declined marginally by 1.6% in 2015-16 and reached 933,950 units on back of lower demand from key exports market. Exports increased only by 5% y-o-y after increasing by over 20% in the previous year. In 2016-17 (Apr-Jan), overall sales declined by about 15.9% led by a sharp dip in exports during the period. Exports declined by 34% during the period on back of combination of factors such as regulatory moves by countries like Sri Lanka (hike in import duty) and Bangladesh (as per new regulation three-wheelers not allowed to operate on highways), currency fluctuation and reduction in export incentives. Also, in the domestic market, demand for three-wheeler goods carriers’ remains under pressure due to competition from Small Commercial Vehicles (SCVs). • Three wheelers are an integral part of the country’s automobile sector as they are one of the most preferred means of transportation in rural as well as urban India. India is positioned as the largest manufacturer as well as market for three wheelers globally with industry volumes of around 943,533 units in 2015-16. • Sri Lanka, Bangladesh (within South Asia) followed by Middle East and Africa account for around 90% of exports from India as per the industry estimates. However, Indian OEMs have also started exploring relatively developed markets in the ASEAN and Latin American region over the past few years. Bajaj Auto accounts for the largest share of ~70% in the exports of three-wheelers from India followed by TVS Motors which account for about 24%. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

6. Growth Drivers Sample Request • Technological Advancements • India should push two-wheelers and three-wheelers among electric vehicles and encourage use of natural gas for cars since promoting electric cars can be very expensive • Electrification of two- or three-wheeler vehicles is something that can be done very cheaply, easily. It’s where technology and battery swaps could happen and that’s a very significant part of oil demand. • he challenges associated with very rapid growth of electric cars is very significant. The total subsidy on an electric car in China is USD 20-25,000 while fitting a car with compressed natural gas (CNG) kit costs as low as USD 300-400. • Growing Demand in Domestic and Foreign Rural Areas • Rapid growth of three wheelers market has been supported primarily by two factors – strong demand from international markets on the back of rising demand for last-mile connectivity (owing to lack of a well-developed public transport system) in the emerging markets in Africa and South-East Asia, and the declining trend in demand for 3W goods carriers in the domestic market due to competition from Small Commercial Vehicles (SCVs). • Accordingly, the growth drivers of the domestic 3W industry are majorly influenced by factors that drive demand for passenger 3Ws. Over the past decade (i.e. FY 2006-15), the passenger carrier segment has witnessed a CAGR of XX% driven by increasing demand for last-mile connectivity in metros and major cities; improving penetration in T-3 and 4 towns and rural areas, gradually increasing availability of funding through organized channels. • In urban markets, replacement demand has also been an important growth driver where an improving network of CNG fuel stations is driving replacement of older petrol or diesel-powered 3Ws with ones based on CNG. Sample Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/india-three-wheeler-industry-market-analysis Similar Report: Sri Lanka Three Wheelers Market High Medium Low Impact on India Three Wheelers Market Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

7. India Three Wheelers Market Opportunity, 2016-2024 Sample Request India Plans To Buy Electric Buses, Three-Wheelers In Clean Transport Push • Need for Economically Viable Transportation System • The high growth achieved by the Indian economy has resulted in the growth of the manufacturing sector, which in turn has generated demand for vehicles for transporting goods and commodities across the country. India is moving towards a hub and spoke transportation model in which M&HCVs are used for inter-city (hubs) transportation and the three-wheelers fulfill the need for last mile connectivity in goods transport. • Government Regulations • Demand for new vehicles in the future will be driven by the age limit enforcement on usage of three wheelers in large cities. Government regulations and incentives in the form of subsidies on usage of cleaner fuels like CNG and LPG will force a shift to new vehicles. This trend is already visible in cities like Delhi and Ahmedabad. Relaxation of ceilings on new vehicle registrations in cities like Bangalore, Mumbai, Delhi and Hyderabad will also generate demand for three wheelers. • Exports of Three Wheeler Vehicles from India • The highest growth in automotive exports has been recorded by the three wheelers segment. Bajaj Auto is the largest exporter of three wheelers with a share of XX per cent in 2016-17. Passenger versions of three wheelers accounted for XX per cent of the exports by Bajaj Auto, a fact that indicates the need for low cost public transportation in the other developing countries. The government plans to launch an electric vehicle procurement scheme to push cleaner transport in the country. The government plans to buy 10,000 electric buses over the next 15 months, and 50,000 three-wheelers. Stocks of electric vehicle makers jumped following announcement. Electric three-wheeler maker OK Play India Ltd. rose as much as 17 percent, while electric bus manufacturer JBM Auto Ltd. gained 6.7 percent. JSW Energy Ltd., which plans to launch its first electric car by 2020, jumped 10 percent. Battery maker Exide Industries Ltd. jumped 6 percent. Sample Fig: 19: India Three Wheelers Export (Thousand Units), 2016-2024 Our report, “India Three Wheelers Market”,observed that the three-wheeler passenger carrier production has grown incessantly to meet the demand for such vehicles in tier-II and tier-III cities. Many players are planning to introduce new vehicles with more advanced features under this segment. It is anticipated that the three-wheeler passenger carriers’ sales will increase at a CAGR of over XX% during 2016-24. XXX 2024 XXX 2016 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

8. India Three Wheelers Market Attractiveness and BPS Analysis by Vehicle Type, 2016-2024 Fig: 17: India Three Wheelers Market Attractiveness-By Vehicle Type, 2016-2024 Sample Request Sample The overall growth is XX% in Dec 2016. The passenger vehicle segment share was XX% which is X% less compare to same month of the last year. Goods vehicle segment share increased from XX% to XX%. Goods carrier is getting tough competition from four wheeler small vehicle segment like Tata ACE, Mahindra Maxximo etc. In urban markets, replacement demand has also been an important growth driver where an improving network of CNG fuel stations is driving replacement of older petrol or diesel-powered 3Ws with ones based on CNG. Despite the fact that usage of CNG is only mandatory in Delhi, the acceptance for CNG-based 3Ws has caught up in other cities as well primarily on back of favorable operating economics. Passenger Carriers Goods Carrier Fig: 17: India Three Wheelers Market BPS Analysis- By Vehicle Type 2016-2024 Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

9. Vision Value Visibility About Us Based in U.S., Goldstein Researchis a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Sample Request Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

10. Vision Value Visibility Sample Request Contact Us: For Research & Sales Related Queries +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Corporate Office: 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India  www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

11. India Three Wheelers Market Outlook Sample Request Thank you Connect With Us: Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com