December 2023 FADA 3-Wheeler Retail Sales Report: Bajaj Auto achieved a growth rate of 20.53%.

The Federation of Automobile Dealers Associations (FADA) released its 3-wheeler retail sales report for December 2023, revealing an incredible 36.47% growth in the segment. Bajaj Auto Ltd. emerged as the leader in 3-wheeler sales for the month, while SKS Trade India Pvt. Ltd. significantly stole the show with a stunning 90.32% rise in sales.

The overall sales figures for 3-wheeler Original Equipment Manufacturers (OEMs) showcased a positive trend, with all brands experiencing an increase in sales. In total, the three-wheeler segment collectively sold 95,499 units, a significant jump from the 69,976 units recorded in December 2022. This surge represents a remarkable 36.47% growth in the 3-wheeler category, indicating a robust demand for these vehicles in the market.

Breaking down the sales figures for various OEMs, Bajaj Auto Ltd. emerged as the frontrunner, leading the pack with an impressive number of units sold. The company's strategic market presence and diverse product offerings contributed to its success in the 3-wheeler segment.

Meanwhile, SKS Trade India Pvt. Ltd. secured its position as the standout performer with an amazing sales growth of 90.32%. The company's achievement signifies its effective marketing strategies and the increasing demand for its products in the market.

Brand Wise 3-Wheeler Sales Report - December 2023

Bajaj

• Units Sold: 29,590
• Growth Rate: 20.53%

Piaggio

• Units Sold: 7,261
• Growth Rate: 21.46%

Mahindra

• Units Sold: 5,912
• Growth Rate: 29.71%

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Y.C. Electric

• Units Sold: 3,820
• Growth Rate: 60.77%

Mayuri

• Units Sold: 2,653
• Growth Rate: 32.85%

Citylife (Dilli Electric Auto Pvt. Ltd.)

Units Sold: 2,290Growth Rate: 46.79%

Atul Auto

Units Sold: 1,937Growth Rate: 9.13%

TVS Motors

Units Sold: 1,549Growth Rate: 38.30%

Mini Metro

Units Sold: 1,532Growth Rate: 70.22%

Saarthi (Champion Poly Plast)

• Units Sold: 1,302
• Growth Rate: 32.86%

J.S. Auto

• Units Sold: 1,155
• Growth Rate: 69.85%

SKS Trade India Pvt Ltd

• Units Sold: 1,081
• Growth Rate: 90.32%

Other Brands (HOTAGE CORPORATION INDIA, ENERGY ELECTRIC VEHICLES, UNIQUE INTERNATIONAL, KHALSA AGENCIES, ALLFINE INDUSTRIES PVT LTD):

• Collective Sales: 35,367
• Growth Rate: 54.23%

The 3-wheeler market witnessed an overall positive growth trend in December 2023, with several brands experiencing significant increases in sales.

Other prominent 3-wheeler OEMs also contributed to the overall positive trend, with each brand experiencing growth in sales compared to the previous year. The collective success of these manufacturers points towards a robust and expanding market for 3-wheelers, highlighting the evolving consumer preferences and the growing need for efficient and versatile urban transportation solutions.

As the automotive industry navigates changing trends and preferences, the December 2023 FADA 3-wheeler retail sales report demonstrates manufacturers' durability and versatility in fulfilling the demands of an ever-changing market.