FADA Sales Report December 2024: Three-wheeler (3W) sales decreased by 4.57% YoY

Key Highlights:

• Total three-wheeler sales in December 2024 were 93,892 units, down from 98,384 units in December 2023.
• E-rickshaw (goods) sales grew by 57.80% YoY, reaching 5,826 units compared to 3,692 units in December 2023.
• Passenger three-wheeler sales declined by 4.83% YoY, with 38,031 units sold compared to 39,962 units in December 2023.
• Bajaj Auto sold 28,998 units in December 2024, followed by Piaggio Vehicles at 6,469 units and Mahindra & Mahindra at 6,151 units.
• Zeniak Innovation India Ltd sold 1,013 units in December 2024, a sharp rise from 277 units in December 2023.

In the latest FADA Retail Sales Report for December 2024, the three-wheeler sales report showed mixed results across different categories compared to December 2024 and December 2023. 

Category-Wise Sales Performance:

Three-wheeler sales in December 2024 showed a decline compared to November 2024 and a slight drop year-on-year. Here's a breakdown for each category:

Total 3W Sales: 93,892 units were sold, down by 13.33% from November (1,08,337 units) and a 4.57% decrease compared to December 2023 (98,384 units).

E-Rickshaw (Passenger): Sales grew by 1.12% MoM, with 40,845 units sold in December 2024, but YoY sales fell by 9.43% from 45,100 units in December 2023.

E-Rickshaw with Cart (Goods): This segment saw a positive trend, with a 7.43% increase MoM, reaching 5,826 units, and a 57.80% growth YoY, up from 3,692 units in December 2023.

Three-Wheeler (Goods): Sales in this category decreased by 16.62% MoM, with 9,122 units sold. On a YoY basis, sales declined by 4.44% from 9,546 units in December 2023.

Three-Wheeler (Passenger): This segment experienced a significant decline of 26.10% MoM, with 38,031 units sold, and a 4.83% drop YoY from 39,962 units in December 2023.

Three-Wheeler (Personal): The personal three-wheeler category saw the biggest decline, down by 41.88% MoM and 19.05% YoY, with just 68 units sold compared to 117 units in November and 84 units in December 2023.

Three-Wheeler FADA Sales Report: OEM-wise Sales Analysis

The three-wheeler market in December 2024 showcased dynamic performance across major brands, with a total of 93,892 units sold, compared to 98,384 units sold in December 2023.

Brand-Wise Performance:

Bajaj Auto Ltd: Sold 28,998 units in December 2024, compared to 31,561 units in December 2023.

Piaggio Vehicles Pvt Ltd: Sold 6,469 units in December 2024, compared to 7,869 units in December 2023.

Mahindra & Mahindra Ltd: Sold 6,151 units in December 2024, compared to 5,904 units in December 2023.

YC Electric Vehicle: Sold 3,800 units in December 2024, compared to 3,818 units in December 2023.

Atul Auto Ltd: Sold 2,229 units in December 2024, compared to 1,940 units in December 2023.

Saera Electric Auto Pvt Ltd: Sold 2,101 units in December 2024, compared to 2,653 units in December 2023.

Dilli Electric Auto Pvt Ltd: Sold 2,061 units in December 2024, compared to 2,290 units in December 2023.

TVS Motor Company Ltd: Sold 1,909 units in December 2024, compared to 1,605 units in December 2023.

SahniAnand E Vehicles Pvt Ltd: Sold 1,204 units in December 2024, compared to 704 units in December 2023.

Mini Metro EV LLP: Sold 1,197 units in December 2024, compared to 1,532 units in December 2023.

Energy Electric Vehicles: Sold 1,152 units in December 2024, compared to 1,262 units in December 2023.

J. S. Auto (P) Ltd: Sold 1,038 units in December 2024, compared to 1,155 units in December 2023.

Zeniak Innovation India Ltd: Sold 1,013 units in December 2024, compared to 277 units in December 2023.

SKS Trade India Pvt Ltd: Sold 989 units in December 2024, compared to 1,081 units in December 2023.

Unique International: Sold 987 units in December 2024, compared to 1,220 units in December 2023.

Others including EV: Sold 32,594 units in December 2024, compared to 33,513 units in December 2023.

Total Sales: 93,892 units in December 2024, compared to 98,384 units in December 2023.

Also Read: FADA Sales Report November 2024: Three-wheeler (3W) sales increased by 4.23% YoY

CMV360 Says

The December 2024 three-wheeler sales report highlights a mixed performance in the market. While certain segments like e-rickshaw goods showed impressive growth, the overall decline in sales indicates challenges in demand recovery. Established brands like Bajaj Auto maintained strong sales, but smaller players like Zeniak Innovation India Ltd showed remarkable growth.