Table of Content

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITIONS 18
1.2.1 INCLUSIONS & EXCLUSIONS 19
TABLE 1 INCLUSIONS & EXCLUSIONS: ELECTRIC THREE-WHEELER MARKET 19
1.3 MARKET SCOPE 20
FIGURE 1 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MARKET SEGMENTATION 20
1.3.1 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY & PRICING 21
TABLE 2 CURRENCY EXCHANGE 21
1.5 PACKAGE SIZE 21
1.6 LIMITATIONS 21
1.7 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
FIGURE 2 ELECTRIC THREE-WHEELER MARKET: RESEARCH DESIGN 23
FIGURE 3 RESEARCH METHODOLOGY MODEL 24
2.2 SECONDARY DATA 24
2.2.1 KEY SECONDARY SOURCES 25
2.2.2 KEY DATA FROM SECONDARY SOURCES 26
2.3 PRIMARY DATA 26
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 27
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 27
2.3.2 PRIMARY PARTICIPANTS 28
2.4 MARKET ESTIMATION METHODOLOGY 28
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 29
2.5 MARKET SIZE ESTIMATION 30
2.5.1 BOTTOM-UP APPROACH 30
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR ELECTRIC THREE-WHEELER MARKET: BOTTOM-UP APPROACH 30
2.5.2 TOP-DOWN APPROACH 31
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR ELECTRIC THREE-WHEELER MARKET: TOP-DOWN APPROACH 31
FIGURE 8 ASIA PACIFIC ELECTRIC 3-WHEELER MARKET: RESEARCH DESIGN AND METHODOLOGY 31
2.5.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE 32
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2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 9 DATA TRIANGULATION 33
2.7 FACTOR ANALYSIS 34
2.8 RESEARCH ASSUMPTIONS & LIMITATIONS 35
2.9 RESEARCH LIMITATIONS 36
3 EXECUTIVE SUMMARY 37
FIGURE 10 ELECTRIC THREE-WHEELER MARKET: MARKET DYNAMICS 38
FIGURE 11 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2021–2026 (UNITS) 39
FIGURE 12 PASSENGER CARRIER SEGMENT COVERS THE LARGEST MARKET SHARE
IN ELECTRIC THREE-WHEELER MARKET, BY END-USE 40
FIGURE 13 IMPACT OF COVID-19 ON THE ELECTRIC THREE-WHEELER MARKET,
2021–2026 41
4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 42
FIGURE 14 ADOPTION OF EFFICIENT AND EMISSION FREE VEHICLES TO DRIVE THE MARKET 42
4.2 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY 43
FIGURE 15 INDIA ESTIMATED TO BE LARGEST MARKET IN 2021 43
4.3 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER 43
FIGURE 16 1,000-1,500 W SEGMENT EXPECTED TO BE THE LARGEST,
2021 VS. 2026 (UNITS) 43
4.4 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE 44
FIGURE 17 LEAD-ACID BATTERY SEGMENT EXPECTED TO BE THE LARGEST,
2021 VS. 2026 (UNITS) 44
4.5 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY RANGE 44
FIGURE 18 UP TO 50 MILES SEGMENT IS EXPECTED TO BE THE LARGEST,
2021 VS. 2026 (UNITS) 44
4.6 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY 45
FIGURE 19 3-6 KWH SEGMENT EXPECTED TO BE THE LARGEST, 2021 VS. 2026 (UNITS) 45
4.7 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY END USE 45
FIGURE 20 PASSENGER CARRIER SEGMENT EXPECTED TO BE THE LARGEST,
2021 VS. 2026 (UNITS) 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 47
FIGURE 21 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: MARKET DYNAMICS 47
5.2.1 DRIVERS 47
5.2.1.1 Low operating and maintenance costs 47
5.2.1.2 Government incentives and subsidies 48
TABLE 3 INDIA: GOVERNMENT INCENTIVE, BY STATE 48
TABLE 4 GOVERNMENT INCENTIVES, BY COUNTRY 49
5.2.1.3 Advancements in battery technologies coupled with reducing prices 50
FIGURE 22 PRICE OF EV BATTERY PER KWH 50
5.2.1.4 Established market of three-wheelers for urban transportation 51
TABLE 5 THREE-WHEELER DOMESTIC SALES IN INDIA (THOUSAND UNITS) 51
5.2.2 RESTRAINTS 52
5.2.2.1 Lack of charging infrastructure 52
TABLE 6 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE 52
5.2.2.2 Lack of power output and limited range 52
TABLE 7 ELECTRIC THREE-WHEELER RANGE 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Government bodies backing electric three-wheelers 53
TABLE 8 GOVERNMENT EV POLICY, BY COUNTRY 53
5.2.3.2 Implementation of stringent emission norms and environmental regulations 54
FIGURE 23 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA (2016–2025) 54
TABLE 9 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW,
BY FUEL TYPE, 2016–2021 55
5.2.3.3 New revenue pockets in Asia Pacific 55
5.2.4 CHALLENGES 55
5.2.4.1 Limited battery capacity 55
TABLE 10 BATTERY CAPACITIES OF POPULAR ELECTRIC THREE-WHEELER MODELS 56
5.2.4.2 High initial investments 56
FIGURE 24 AVERAGE TOTAL COST OF DIESEL VS ELECTRIC THREE-WHEELER 56
5.3 IMPACT OF MARKET DYNAMICS 57
TABLE 11 ELECTRIC THREE-WHEELER MARKET: IMPACT OF MARKET DYNAMICS 57
5.4 PORTER’S FIVE FORCES 58
FIGURE 25 PORTER’S FIVE FORCES: ELECTRIC THREE-WHEELER MARKET 58
FIGURE 26 PORTER’S FIVE FORCES: ELECTRIC THREE-WHEELER MARKET 59
TABLE 12 PORTER’S FIVE FORCES ANALYSIS 59
5.4.1 DEGREE OF COMPETITION 59
FIGURE 27 LARGE NUMBER OF PLAYERS LEADS TO HIGH DEGREE OF COMPETITION IN ELECTRIC THREE-WHEELER MARKET 59
5.4.2 THREAT OF NEW ENTRANTS 60
FIGURE 28 GOVERNMENT BACKING MARKET GROWTH MAKES NEW ENTRY FAIRLY EASY 60
5.4.3 THREAT OF SUBSTITUTES 61
FIGURE 29 DEVELOPMENT OF CLEANER FUEL MAKES THREAT OF SUBSTITUTES HIGH 61
5.4.4 BARGAINING POWER OF SUPPLIERS 61
FIGURE 30 LARGE NUMBER OF SUPPLIERS MAKES BARGAINING POWER OF SUPPLIERS MEDIUM 61
5.4.5 BARGAINING POWER OF BUYERS 62
FIGURE 31 INCREASING DEMAND FOR ELECTRIC THREE-WHEELERS MAKES BARGAINING POWER OF BUYERS HIGH 62
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5.5 PRICING ANALYSIS 63
TABLE 13 ELECTRIC THREE-WHEELER PRICING ANALYSIS 63
FIGURE 32 LITHIUM-ION BATTERY PRICING ANALYSIS (USD/KWH) 63
FIGURE 33 LEAD ACID BATTERY PRICING ANALYSIS (USD/KWH) 64
5.6 SUPPLY CHAIN ANALYSIS 65
TABLE 14 ELECTRIC THREE-WHEELER MARKET: SUPPLY CHAIN 65
FIGURE 34 ELECTRIC THREE-WHEELER MARKET: SUPPLY CHAIN ANALYSIS 66
5.6.1 RAW MATERIAL SUPPLIER 66
5.6.2 COMPONENT SUPPLIERS 66
5.6.3 ELECTRIC THREE-WHEELER OEMS 66
5.6.4 END USERS 67
5.7 TECHNOLOGY ANALYSIS 67
5.7.1 BATTERY SWAPPING IN ELECTRIC THREE-WHEELER 67
5.8 IOT IN ELECTRIC THREE-WHEELER 67
5.9 REGENERATIVE BRAKING 68
5.10 SMART CHARGING SYSTEM 68
5.11 TRADE/SALES DATA 68
5.11.1 INDIA 68
TABLE 15 THREE-WHEELER PRODUCTION IN INDIA (THOUSAND UNITS) 68
5.12 REVENUE SHIFT FOR ELECTRIC THREE-WHEELER MANUFACTURERS 69
FIGURE 35 SHIFT OF FOCUS TOWARDS ELECTRIC THREE-WHEELER 69
5.13 CASE STUDY 69
5.13.1 ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATION WITH CAPTIVE PLUG-IN CHARGING 69
5.13.2 ELECTRIC THREE-WHEELER LOGISTICS FLEET OPERATION WITH BATTERY SWAPPING 70
5.14 REGULATORY OVERVIEW 70
5.14.1 INDIA 70
TABLE 16 INDIA REGULATORY FRAMEWORK: DIFFERENCE BETWEEN ROLE OF
E- RICKSHAW AND ELECTRIC AUTO RICKSHAW 70
5.14.2 CHINA 71
5.15 INTRODUCTION TO COVID-19 71
5.16 COVID-19 HEALTH ASSESSMENT 72
FIGURE 36 COVID-19: GLOBAL PROPAGATION 72
FIGURE 37 COVID-19 PROPAGATION: SELECT COUNTRIES 73
5.17 COVID-19 ECONOMIC ASSESSMENT 74
FIGURE 38 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 74
5.17.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 75
FIGURE 39 CRITERIA IMPACTING GLOBAL ECONOMY 75
FIGURE 40 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 76
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5.18 ELECTRIC THREE-WHEELER MARKET: COVID-19 IMPACT 77
5.18.1 IMPACT ON RAW MATERIAL SUPPLY 77
5.18.2 IMPACT ON ELECTRIC THREE-WHEELER PRODUCTION 77
5.18.3 IMPACT DUE ON ELECTRIC THREE-WHEELER DEMAND 78
5.19 ELECTRIC THREE-WHEELER MARKET, MARKET SCENARIOS (2020–2026) 78
FIGURE 41 ELECTRIC THREE-WHEELER MARKET: FUTURE TRENDS & SCENARIOS,
2020–2026 78
5.19.1 MOST LIKELY SCENARIO 79
TABLE 17 ELECTRIC THREE-WHEELER MARKET: MOST LIKELY SCENARIO, BY COUNTRY, 2020–2026 (UNITS) 79
5.19.2 OPTIMISTIC SCENARIO 79
TABLE 18 ELECTRIC THREE-WHEELER MARKET: OPTIMISTIC SCENARIO, BY COUNTRY, 2020–2026 (UNITS) 79
5.19.3 PESSIMISTIC SCENARIO 80
TABLE 19 ELECTRIC THREE-WHEELER MARKET: PESSIMISTIC SCENARIO, BY COUNTRY, 2020–2026 (UNITS) 80
6 ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY 81
6.1 INTRODUCTION 82
FIGURE 42 3-6 KWH SEGMENT IS EXPECTED TO COVER THE LARGEST MARKET SHARE IN 2021 82
TABLE 20 ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY,
2018–2020 (UNITS) 83
TABLE 21 ELECTRIC THREE-WHEELER MARKET, BY BATTERY CAPACITY,
2021–2026 (UNITS) 83
6.2 OPERATIONAL DATA 84
TABLE 22 POPULAR ELECTRIC THREE-WHEELER MODELS WITH BATTERY CAPACITY 84
6.2.1 ASSUMPTIONS 84
TABLE 23 ASSUMPTIONS: BY BATTERY CAPACITY 84
6.3 RESEARCH METHODOLOGY 84
6.4 BELOW 3 KWH 85
6.4.1 DEMAND FOR AFFORDABLE TRANSPORTATION TO DRIVE THE SEGMENT 85
6.5 3–6 KWH 85
6.5.1 INCREASING DEMAND IN INTRACITY TRAVEL TO DRIVE THE SEGMENT 85
6.6 ABOVE 6 KWH 86
6.6.1 ADOPTION OF LOAD CARRIERS BY THE LOGISTIC COMPANIES TO DRIVE THE SEGMENT 86
6.7 KEY PRIMARY INSIGHTS 87
FIGURE 43 KEY PRIMARY INSIGHTS 87
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7 ELECTRIC THREE-WHEELER MARKET, BY RANGE 88
7.1 INTRODUCTION 89
FIGURE 44 ABOVE 50 MILES IS EXPECTED TO REGISTER HIGHER CAGR DURING THE FORECAST PERIOD 89
TABLE 24 ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2018–2020 (UNITS) 89
TABLE 25 ELECTRIC THREE-WHEELER MARKET, BY RANGE, 2021–2026 (UNITS) 90
7.2 OPERATIONAL DATA 90
TABLE 26 POPULAR ELECTRIC THREE-WHEELER MODELS WITH RANGE 90
7.2.1 ASSUMPTIONS 91
TABLE 27 ASSUMPTIONS: BY RANGE 91
7.3 RESEARCH METHODOLOGY 91
7.4 UP TO 50 MILES 91
7.4.1 DEMAND FOR AFFORDABLE ELECTRIC THREE-WHEELERS TO DRIVE THE SEGMENT 91
TABLE 28 UP TO 50 MILES: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2018–2020 (UNITS) 92
TABLE 29 UP TO 50 MILES: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2021–2026 (UNITS) 92
7.5 ABOVE 50 MILES 93
7.5.1 INCREASING BATTERY ENERGY DENSITY TO DRIVE THE SEGMENT 93
TABLE 30 ABOVE 50 MILES: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2018–2020 (UNITS) 93
TABLE 31 ABOVE 50 MILES: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2021–2026 (UNITS) 94
7.6 KEY PRIMARY INSIGHTS 94
FIGURE 45 KEY PRIMARY INSIGHTS 94
8 ELECTRIC THREE-WHEELER MARKET, BY END-USE 95
8.1 INTRODUCTION 96
FIGURE 46 LOAD CARRIER SEGMENT EXPECTED TO REGISTER HIGHER CAGR DURING THE FORECAST PERIOD 96
TABLE 32 ELECTRIC THREE-WHEELER MARKET, BY END-USE, 2018–2020 (UNITS) 97
TABLE 33 ELECTRIC THREE-WHEELER VEHICLE MARKET, BY END USE,
2021–2026 (UNITS) 97
8.2 OPERATIONAL DATA 98
TABLE 34 POPULAR ELECTRIC THREE-WHEELER MODELS 98
8.2.1 ASSUMPTIONS 98
TABLE 35 ASSUMPTIONS: BY END-USE TYPE 98
8.3 RESEARCH METHODOLOGY 99
8.4 PASSENGER CARRIER 99
8.4.1 NEED FOR LOWER EMISSIONS AND OPERATIONAL COSTS TO DRIVE THE SEGMENT 99
TABLE 36 PASSENGER CARRIER: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY, 2018–2020 (UNITS) 99
TABLE 37 PASSENGER CARRIER: ELECTRIC THREE-WHEELER VEHICLE MARKET,
BY COUNTRY, 2021–2026 (UNITS) 100
8.5 LOAD CARRIER 100
8.5.1 GROWING ADOPTION BY LOGISTICS COMPANIES TO DRIVE THE SEGMENT 100
TABLE 38 LOAD CARRIER: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2018–2020 (UNITS) 101
TABLE 39 LOAD CARRIER: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2021–2026 (UNITS) 101
8.6 KEY PRIMARY INSIGHTS 102
FIGURE 47 KEY PRIMARY INSIGHTS 102
9 ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER 103
9.1 INTRODUCTION 104
FIGURE 48 1,000–1,500 W SEGMENT IS EXPECTED TO COVER THE LARGEST MARKET SHARE 104
TABLE 40 ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER,
2018–2020 (UNITS) 105
TABLE 41 ELECTRIC THREE-WHEELER MARKET, BY MOTOR POWER,
2021–2026 (UNITS) 105
9.2 OPERATIONAL DATA 105
TABLE 42 POPULAR ELECTRIC THREE-WHEELER MODELS WITH MOTOR POWER 105
TABLE 43 SUMMARY OF ICE AND ELECTRIC THREE-WHEELER LOAD CARRIER 106
FIGURE 49 ELECTRIC THREE-WHEELER POWERTRAIN ARCHITECTURE 106
TABLE 44 FACTORS DECIDING MOTOR POWER OF ELECTRIC THREE-WHEELERS 106
9.2.1 ASSUMPTIONS 107
TABLE 45 ASSUMPTIONS: BY MOTOR POWER 107
9.3 RESEARCH METHODOLOGY 107
9.4 BELOW 1,000 W 107
9.4.1 RISE IN DEMAND FOR ENERGY-EFFICIENT MODES OF COMMUTING TO BOOST THE SEGMENT 107
9.5 1,000–1,500 W 108
9.5.1 MOTOR POWER WITHIN A RANGE OF 1,000–1,500 W IS MORE FEASIBLE FOR ELECTRIC THREE-WHEELER APPLICATIONS 108
9.6 ABOVE 1,500 W 108
9.6.1 ELECTRIC THREE-WHEELER WITH ABOVE 1,500 W MOTOR PROVIDE BOTH DISTRIBUTION AND CONSUMER DELIVERY SERVICES 108
9.7 KEY PRIMARY INSIGHTS 109
FIGURE 50 KEY PRIMARY INSIGHTS 109
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10 ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE 110
10.1 INTRODUCTION 111
FIGURE 51 LITHIUM-ION BATTERY SEGMENT PROJECTED TO GROW AT HIGHER CAGR 111
TABLE 46 ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2018–2020 (UNITS) 112
TABLE 47 ELECTRIC THREE-WHEELER MARKET, BY BATTERY TYPE, 2021–2026 (UNITS) 112
10.2 OPERATIONAL DATA 113
TABLE 48 POPULAR ELECTRIC THREE-WHEELER MODELS WITH BATTERY TYPE 113
10.2.1 ASSUMPTIONS 113
TABLE 49 ASSUMPTIONS: BY BATTERY TYPE 113
10.3 RESEARCH METHODOLOGY 113
10.4 LEAD-ACID BATTERY 114
10.4.1 LOW COST TO DRIVE THE SEGMENT 114
10.5 LITHIUM-ION BATTERY 114
10.5.1 HIGH ENERGY DENSITY TO DRIVE THE SEGMENT 114
10.6 KEY PRIMARY INSIGHTS 115
FIGURE 52 KEY PRIMARY INSIGHTS 115
11 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET, BY COUNTRY 116
11.1 INTRODUCTION 117
FIGURE 53 INDIA ESTIMATED TO BE LARGEST MARKET SHARE IN 2021 117
FIGURE 54 FAVORABLE GOVERNMENT POLICIES WOULD DRIVE THE ASIA PACIFIC ELECTRIC THREE-WHELER MARKET 118
TABLE 50 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2018–2020 (UNITS) 118
TABLE 51 ASIA PACIFIC: ELECTRIC THREE-WHEELER MARKET, BY COUNTRY,
2021–2026 (UNITS) 119
11.1.1 INDIA 120
11.1.1.1 Last-mile delivery to boost the market 120
TABLE 52 INDIA: GOVERNMENT INCENTIVES, BY STATE 120
TABLE 53 COMPANIES THAT ADOPTED ELECTRIC THREE-WHEELER LOAD CARRIERS 121
TABLE 54 DEVELOPMENTS REGARDING BATTERY SWAPPING STATIONS 122
TABLE 55 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END-USE,
2018–2020 (UNITS) 123
TABLE 56 INDIA: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 123
11.1.2 JAPAN 124
11.1.2.1 Stringent emission standards to drive the market 124
TABLE 57 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END-USE,
2018–2020 (UNITS) 125
TABLE 58 JAPAN: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 125
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11.1.3 THAILAND 125
11.1.3.1 Need for an alternative to conventional fuel dependency to drive the market 125
TABLE 59 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END-USE,
2018–2020 (UNITS) 126
TABLE 60 THAILAND: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 126
11.1.4 BANGLADESH 127
11.1.4.1 Favorable government policies to drive the market 127
TABLE 61 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END-USE,
2018–2020 (UNITS) 127
TABLE 62 BANGLADESH: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 127
11.1.5 NEPAL 128
11.1.5.1 Development in charging infrastructure to drive the market 128
TABLE 63 NEPAL’S NATIONALLY DETERMINED ADOPTION OF ELECTRIC VEHICLES 128
TABLE 64 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2018–2020 (UNITS) 129
TABLE 65 NEPAL: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 129
11.1.6 SRI LANKA 130
11.1.6.1 Growing demand from tourism industry to drive the market 130
TABLE 66 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2018–2020 (UNITS) 130
TABLE 67 SRI LANKA: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 130
11.1.7 INDONESIA 131
11.1.7.1 Tax incentives like reduction of import duties on components to drive the market 131
TABLE 68 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2018–2020 (UNITS) 131
TABLE 69 INDONESIA: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 131
11.1.8 PHILIPPINES 132
11.1.8.1 Adoption in major business districts and urban areas to drive the market 132
TABLE 70 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2018–2020 (UNITS) 132
TABLE 71 PHILIPPINES: ELECTRIC THREE-WHEELER MARKET, BY END USE,
2021–2026 (UNITS) 132
11.1.9 CHINA 133
11.1.10 SINGAPORE 133
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12 COMPETITIVE LANDSCAPE 134
12.1 MARKET EVALUATION FRAMEWORK 134
FIGURE 55 MARKET EVALUATION FRAMEWORK 134
12.2 OVERVIEW 134
FIGURE 56 KEY DEVELOPMENTS BY LEADING PLAYERS IN ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 135
12.3 MARKET SHARE ANALYSIS FOR ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET 136
TABLE 72 MARKET SHARE ANALYSIS, 2017–2020 136
FIGURE 57 MARKET SHARE ANALYSIS, 2020 136
12.4 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP LISTED/
PUBLIC PLAYERS 137
FIGURE 58 TOP PUBLIC/LISTED PLAYERS DOMINATING THE ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET IN LAST 5 YEARS 137
12.5 COMPETITIVE SCENARIO 138
12.5.1 NEW PRODUCT LAUNCHES 138
TABLE 73 NEW PRODUCT LAUNCHES, 2017–2020 138
12.5.2 DEALS 141
TABLE 74 DEALS, 2017–2020 141
12.5.3 EXPANSIONS, 2017–2020 142
TABLE 75 EXPANSIONS, 2017–2020 142
12.6 COMPETITIVE LEADERSHIP MAPPING FOR ASIA PACIFIC ELECTRIC
THREE-WHEELER MARKET 143
12.6.1 STARS 143
12.6.2 EMERGING LEADERS 143
12.6.3 PERVASIVE 143
12.6.4 PARTICIPANTS 143
FIGURE 59 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPETITIVE LEADERSHIP MAPPING FOR VEHICLE MANUFACTURERS, 2020 144
TABLE 76 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY FOOTPRINT, 2020 145
TABLE 77 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: COMPANY APPLICATION FOOTPRINT, 2020 146
TABLE 78 ASIA PACIFIC ELECTRIC THREE-WHEELER MARKET: REGIONAL FOOTPRINT, 2020 147
12.7 WINNERS VS. TAIL-ENDERS 148
TABLE 79 WINNERS VS. TAIL-ENDERS 148
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13 COMPANY PROFILES 149
(Business overview, Products offered, Recent developments & MnM View)*
13.1 KEY PLAYERS 149
13.1.1 MAHINDRA & MAHINDRA LTD. 149
TABLE 80 MAHINDRA & MAHINDRA LTD.: BUSINESS OVERVIEW 149
TABLE 81 UNITS MANUFACTURE BY MAHINDRA & MAHINDRA LTD. IN 2019 149
FIGURE 60 MAHINDRA & MAHINDRA LTD.: COMPANY SNAPSHOT 150
13.1.2 ATUL AUTO LTD. 152
TABLE 82 ATUL AUTO LTD.: BUSINESS OVERVIEW 152
TABLE 83 ATUL AUTO LTD.: DOMESTIC SALES 152
TABLE 84 ATUL AUTO LTD.: EXPORT SALES 152
FIGURE 61 ATUL AUTO LTD.: COMPANY SNAPSHOT 153
13.1.3 PIAGGIO GROUP 155
TABLE 85 PIAGGIO GROUP: BUSINESS OVERVIEW 155
TABLE 86 PIAGGIO GROUP: VEHICLE SOLD (?000 UNITS) 155
FIGURE 62 PIAGGIO GROUP: COMPANY SNAPSHOT 156
13.1.4 LOHIA AUTO INDUSTRIES 158
TABLE 87 LOHIA AUTO INDUSTRIES: BUSINESS OVERVIEW 158
13.1.5 KINETIC ENGINEERING LIMITED 161
TABLE 88 KINETIC ENGINEERING LIMITED: BUSINESS OVERVIEW 161
FIGURE 63 KINETIC ENGINEERING LIMITED: COMPANY SNAPSHOT 161
13.1.6 JIANGSU JINPENG GROUP CO., LTD. 164
TABLE 89 JIANGSU JINPENG GROUP CO., LTD.: BUSINESS OVERVIEW 164
13.1.7 SKYRIDE AUTOMOTIVE 166
TABLE 90 SKYRIDE AUTOMOTIVE: BUSINESS OVERVIEW 166
13.1.8 SHADO GROUP INTERNATIONAL PTE. LTD. 167
TABLE 91 SHADO GROUP INTERNATIONAL PTE. LTD.: BUSINESS OVERVIEW 167
13.1.9 BEEVATECH LIMITED 169
TABLE 92 BEEVATECH LIMITED: BUSINESS OVERVIEW 169
13.1.10 SL MOBILITY 170
TABLE 93 SL MOBILITY: BUSINESS OVERVIEW 170
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
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13.2 OTHER PLAYERS 171
13.2.1 TERRA MOTORS CORPORATION 171
13.2.2 CHANGZHOU YUFENG VEHICLE CO., LTD. 171
13.2.3 XIANGHE QIANGSHENG ELECTRIC TRICYCLE FACTORY 172
13.2.4 JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO., LTD. 172
13.2.5 ELECTRIC VEHICLES (THAILAND) CO., LTD. 173
13.2.6 PROZZA HIROSE MANUFACTURING INC. (PHILIPPINES) 173
13.2.7 BAJAJ AUTO 174
13.2.8 GAYAM MOTOR WORKS PRIVATE LIMITED 174
13.2.9 BEMAC?CORPORATION 175
13.2.10 SPEEGO VEHICLES CO. PVT. LIMITED 175
13.2.11 OMEGA SEIKI PRIVATE LIMITED 176
13.2.12 KSL CLEANTECH LTD. 176
13.2.13 ALTIGREEN 177
13.2.14 GREEN SHUTTLE TECHNOLOGY PVT. LTD. 177
13.2.15 KAWAOKA MACHINERY AND ELECTRIC (NANTONG) CO., LTD. 178
14 APPENDIX 179
14.1 KEY INSIGHTS OF INDUSTRY EXPERTS 179
14.2 DISCUSSION GUIDE 179
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 182
14.4 AVAILABLE CUSTOMIZATIONS 184
14.5 RELATED REPORTS 184
14.6 AUTHOR DETAILS 185