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

Key Highlights:

• YC Electric emerged as the top choice for electric three-wheelers in June 2024.
• Overall electric vehicle sales in India decreased in June 2024 compared to May 2024.
• E-rickshaw sales fell from 39,474 units in May 2024 to 37,943 units in June 2024.
• E-cart sales dropped from 5,534 units in May 2024 to 4,611 units in June 2024.
• Despite the overall decline, YC Electric and Dilli Electric saw significant growth in their e-cart sales year-over-year.

YC Electric, Saera Electric, Dilli Electric, Mahindra Last Mile Mobility and many other OEMs have announced their sales figures for June 2024.

In June 2024, electric vehicle (EV) sales in India decreased across all categories as compared to May 2024. E-rickshaw sales decreased from 39,474 units in May 2024 to 37,943 units in June 2024. Similarly, E-cart sales decreased from 5,534 units in May 2024 to 4,611 units in June 2024.

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 they 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 June 2024 based on the data from the Vahan Dashboard.

E-rickshaws Sales Trend

The E-rickshaws segment witnessed a decline in yoy sales. According to data from the Vahan portal, 39,025 units of E-rickshaws were sold in June 2023 compared to 37,943 units in June 2024.

E-rickshaw: OEM-wise Sales Analysis

In June 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 OEMs in detail:

YC ELECTRIC sold 3,013 units in June 2024, sales were down 7.7% year-over-year and 8.7% month-over-month.

SAERA ELECTRIC reported sales of 2,266 units in June 2024, showing a 2.3% year-over-year growth and 1.8% month-over-month growth.

DILLI ELECTRIC sold 1,576 units in June 2024. Their sales declined by 16.1% year-over-year (compared to June 2023) and by 4.7% month-over-month (compared to May 2024).

MINI METRO's sales were 1,215 units in June 2024, down 15.6% year-over-year and 1.2% month-over-month.

UNIQUE INTERNATIONAL sold 1,118 units in June 2024, with a slight 0.4% year-over-year increase but an 11.1% month-over-month decrease.

HOTAGE CORPORATION reported 941 units sold in June 2024, down 20.8% year-over-year but up 1.3% from the previous month.

MAHINDRA LAST MILE Mobility sold 901 units in June 2024. This represents a significant decline of 50.3% year-over-year (compared to June 2023) and a 7.7% decrease month-over-month (compared to May 2024).

ENERGY ELECTRIC sold 917 units in June 2024, showing a 15.5% year-over-year increase and 2.3% month-over-month growth.

CHAMPION POLY PLAST reported 885 units sold in June 2024, down 21.5% year-over-year and 5% month-over-month.

ALLFINE INDUSTRIES sold 794 units in June 2024, down 8.0% year-over-year and 4.1% month-over-month.

E-cart Sales Trend

The Electric 3-wheeler cargo segment witnessed a remarkable increase in sales. As per the Vahan portal data, 4,611 units of E-cart were sold in June 2024 compared to 2889 units in June 2023.

E-cart: OEM-wise Sales Analysis 

In June 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.

In June 2024, YC Electric sold 338 e-carts compared to 180 sold in June 2023, marking an 88% year-on-year growth and a 29.1% month-on-month decrease. 

Dilli Electric sold 308 e-carts in June 2024. This represents a 63% year-on-year growth (compared to June 2023) and a decline of 13.2% month-on-month (compared to May 2024).

J.S. Auto saw an 89% year-on-year growth, selling 212 e-carts in June 2024, with a 15.5% month-on-month decline.

Saera Electric sold 192 e-carts in June 2024, experiencing a 44% year-on-year growth and a 21% month-on-month decline. 

Reep Industries sold 176 e-carts in June 2024, witnessing a 52% year-on-year growth.

Also Read: Electric Three-wheeler Sales Report May 2024: YC Electric Emerges as Top Choice 

CMV360 Says

The latest sales report shows a mixed picture for electric three-wheelers in India. While overall EV sales dropped from May to June 2024, companies like YC Electric and Dilli Electric saw strong year-over-year growth in e-cart sales. 

This suggests that electric three-wheelers in India are becoming more popular for transportation and goods delivery. Continued efforts in this sector are essential for promoting eco-friendly transportation in cities.