Electric Three-wheeler Sales Report April 2024: YC Electric Emerges as Top Choice

Key Highlights:
• EV sales in India dropped in April 2024 compared to March 2024.
• E-rickshaw sales decreased from 37,352 to 31,796 units in April 2024.
• E-cart sales also declined, from 5,090 to 4,220 units in April 2024.
• Sales of e-rickshaw and e-cart increased in April 2024 as compared to April 2023.
• Top performers in e-rickshaw sales were YC Electric, Saera Electric, and Dilli Electric, while YC Electric and Dilli Electric led in e-cart sales.

YC Electric, Saera Electric, Dilli Electric, and many other OEMs have announced their sales figures for April 2024.

In April 2024, electric vehicle (EV) sales in India dropped across all categories as compared to March 2024. E-rickshaw sales declined from 37,356 to 31,796 units in April 2024 compared to March 2024. 

Similarly, E-cart sales declined a bit, from 5,094 to 4,220 units. In March 2024, EV sales reached an all-time high of 212,502 units. However, there was a little dip in April 2024, with sales totaling 114,910 units, concluding the year on a slightly lower note than the previous month.

Electric three-wheelers (E3W) are an important segment of the electric vehicle (EV) market in India, as they offer affordable, convenient, and eco-friendly mobility solutions for both passengers and goods. 

E-rickshaw refers to low-speed electric 3Ws (up to 25 kmph) and it is mainly used for passenger transportation. On the other hand, E-cart refers to low-speed electric 3Ws (up to 25 kmph) used for goods transportation. 

Both e-rickshaws and e-carts are becoming popular choices for transportation in crowded cities and towns because three-wheelers are easy to drive, produce fewer pollutants, and are often cheaper to operate than traditional vehicles.

In this news, we will examine the sales performance of the E-rickshaw and E-cart segments in April 2024 based on the data from the Vahan Dashboard.

E-rickshaws Sales Trend

The E-rickshaws segment witnessed a slight increase in sales. According to data from the Vahan portal, 31,796 units of E-rickshaws were sold in April 2024 compared to 31,556 units in April 2023.

E-rickshaw: OEM-wise Sales Analysis

In April 2024, YC Electric, Saera Electric, and Dilli Electric emerged as the top performers in E-rickshaw sales. Our analysis of the E-rickshaw segment reveals significant facts about the monthly sales of OEMs. Therefore, let’s explore the sales performance of the Top 5 OEMs in detail:

YC Electric 

In April 2024, YC Electric sold 2,587 units, showing a y-o-y decline of 3% from 2,668 units in April 2023. The month-over-month decline was 11.9%, down from 2,936 units in March 2024.

Saera Electric

In April 2024, Saera Electric sold 1,759 units, showing a y-o-y growth of 2.1% from 1,723 units in April 2023. The month-over-month decline was 10.6%, down from 1,967 units in March 2024.

Dilli Electric 

In April 2024, Dilli Electric sold 1,261 units, showing a y-o-y decline of 12.4% from 1,440 units in April 2023. The month-over-month decline was 14.6%, down from 1,476 units in March 2024.

Mini Metro 

In April 2024, Mini Metro sold 892 units, showing a y-o-y decline of 11% from 1,002 units in April 2023. The month-over-month decline was 14.9%, down from 1,048 units in March 2024.

Unique International

In April 2024, Unique International sold 889 units, showing a 4.8% year-over-year growth from 848 units in April 2023. Compared to March 2024, sales decreased by 14.2%. In March 2024, the company sold 1,036 units.

E-cart Sales Trend

The Electric 3-wheeler cargo segment witnessed a remarkable increase in sales. As per the Vahan portal data, 4,220 units of E-cart were sold in April 2024 compared to 2,699 units in April 2023.

E-cart: OEM-wise Sales Analysis 

In April 2024, the sales were dominated by key players including YC Electric and Dilli Electric. Our analysis of the E-rickshaw segment reveals significant facts about the monthly sales of OEMs. Therefore, let’s explore the sales performance of the Top 5 OEMs in detail.

YC Electric 

In April 2024, YC Electric Vehicle sold 350 units, showcasing a 115% year-over-year growth from 163 units in April 2023. The month-over-month sales declined by 6.4% and 374 units were sold in March 2024.

Dilli Electric 

Dilli Electric also demonstrated strong performance, delivering 299 units in April 2024, reflecting a commendable 41% year-over-year growth from 212 units in April 2023. The month-over-month sales declined by 12.8% and 343 units were sold in March 2024.

Saera Electric

In April 2024, Saera Electric delivered 200 units, showcasing an 82% year-over-year growth from 110 units in April 2023. Compared to March 2024, there is a decline of 3.8% in sales and 208 units were sold in March 2024.

J. S. Auto

In April 2024, J. S. Auto sold 172 units, showcasing an 85% year-over-year growth from 93 units in April 2023. The month-over-month sales declined by 34.6% and 263 units were sold in March 2024.

Energy Electric

In April 2024, Energy Electric sold 140 units, showcasing a 259% year-over-year growth from 39 units in April 2023. The month-over-month sales increased by 12% and 125 units were sold in March 2024.

Also Read: Electric Three-wheeler Sales Report March 2024: YC Electric Emerges as Top Choice for E-Rickshaws

CMV360 Says

In April 2024, India experienced a slight decline in electric vehicle sales overall, but the market for electric three-wheelers remained strong. While e-rickshaw sales dropped compared to March, they still showed growth from the previous year, with YC Electric leading the way. 

This highlights the importance of electric three-wheelers in India's sustainable transportation sector, with promising opportunities for growth and innovation.