Indian Three Wheeler Industry Overview November 2014
Indian Three wheeler
Industry registered 72% impressive growth in export vehicle. Goods
vehicle segment registered 12% and passenger vehicle registered .9%
growth.
The overall growth is 3.1% in November 2014. The passenger vehicle
segment share was 78% which is 2% less compare to same month of the
last year. Goods vehicle segment share increased from 20% to 22%. Goods
carrier is getting tough competition from four wheeler small vehicle
segment like Tata ACE, Mahindra Maxximo etc.
Piaggio and Bajaj Auto sales is approximately equivalent to Piaggio
sales in November 2014. All Three wheeler brands Piaggio, Bajaj Auto,
Mahindra & Mahindra, Atul Auto, TVS Auto registered negative growth
except Scooters India. Bajaj Auto is a Market leader in passenger
vehicle segment and Piggio is a market leader in Goods transportation
due to its better operating economy and product position. In Three
Wheeler passenger vehicle transportation, there is a new product has
been introduced called Bajaj RE.
However there are some issue related to safety features, licence system
and registration. Tata and Mahindra are also planning to enter into
this segment.
Piaggio and Bajaj Auto together are having market share of more than
70% of Indian Three Wheeler Industry. Piaggio gained around 1% market
share, Bajaj Auto lost around 3% market share.
For Customized Research report visit www.acganalysis.com
Source: Autobei
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