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.
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Source: Autobei, SIAM