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Three Wheelers Awaited Models
The leading three wheeler manufacturers in India are Bajaj Auto and Mahindra & Mahindra with Piaggio, the Italian auto major too having a sizeable presence in the country in association with the Bajaj Auto. TVS Motor, a popular name in the two wheeler segment of Indian automobiles, too is making a late foray into the field. The production of the three wheeler segment has crossed the magical figure of half a million and many thousands of them are currently being exported. The overall growth rate too has been impressive at a CAGR of 18%.
In the backdrop of this positive development, one has seen a number of models of three wheeler that have made their mark on the Indian roads. However, talking of the three wheeler models awaited, one does not have too many of them in the pipeline as of now.
The leader of the pack as expected is the Bajaj Auto that does have a number of models of three wheelers in the market. Since the composition of the 3 wheeler market in India is divided amongst the commercial and passenger vehicles, the company does have three wheelers for both the segments.
With diesel dominating the passenger three wheeler segments with models like RE Diesel and RE Diesel Mega , Bajaj Auto is also making concerted efforts to make a dominant presence in the CNG run three wheelers. Three wheeler models like RE 4S CNG and RE 4S LPG are pointers in that direction.
The other players such as M&M and Piaggio however continue to focus on the commercial segment of the three wheelers. Ape 50 and the Champion range of three wheeler pick up and delivery vans are the popular offerings from these three wheeler companies.
In view of the positive growth and prospects of the three wheeler segment in India, one surely should expect more and innovative models being launched in not so distant future.
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