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    New Mahindra ZEO EV Launch Price Rs 7.52 Lakh – 246 Km Range, ADAS, BaaS

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    Mahindra ZEO EV LaunchedJust like its PVs, Mahindra has loaded ZEO 4W EV with many interesting features including BaaS, ADAS, driver monitoring and more
    With electric mobility witnessing greater acceptance, more genres of automobiles have been shifting to the greener side. Electric commercial vehicles have been getting more frequent too. Ahead of the festive season, Mahindra has launched ZEO electric 4W truck in India at a starting price of Rs 7.52 lakh (Ex-sh).
    This is the first time Mahindra is venturing into 4W electric pickup trucks and Tata Ace EV is in the crosshair. Within the last mile mobility division, Mahindra already has a successful portfolio running on Petrol, CNG, Diesel and Electric fuels. ZEO, however, is the company’s first attempt at an electric 4W truck.
    Mahindra ZEO Prices
    Mahindra ZEO EV Launch
    According to Mahindra, ZEO stands for ‘Zero Emission Option’. At a starting price of Rs 7.52 lakh (Ex-sh), Mahindra e-ZEO is an important addition to the company’s Last Mile Mobility division which already consists of Treo, Alfa, Zor and Jeeto.
    There are two versions of Zeo – Zeo V1 and Zeo V2. Both are available with a pre-built body with the suffix DV200 in their names. While Mahindra ZEO’s base price of Rs 7.52 lakh (Ex-sh) is already attractive, the company is sweetening the deal further by offering BaaS (Battery as a Service) program as well.
    Mahindra ZEO Design
    Mahindra is offering attractive finance options for buyers and BaaS rental is Rs 2.25 per km. On top of it, a 3-year or 1.25 lakh km vehicle warranty and a 7-year or 1.5 lakh km battery warranty are notable as well. There are two battery options – 18.4 kWh and 21.3 kWh, promising a real-world range of 160 km and a claimed ARAI range of 246 km.
    Mahindra ZEO Side
    Charging options are noteworthy too. DC fast charging via the CCS2 charging port takes 60 minutes to add 100 km worth of charge. AC fast charging takes 3 hours and home charging takes 7 hours. There is a single electric motor capable of churning out 40 bhp and 114 Nm and is rated for 60 km/h top speed. Mahindra ZEO’s load capacity is 765 kg.
    Mahindra ZEO EV Launched
    Mahindra is known to stuff features in their PVs, but their newest CV takes a similar route as well. ZEO 4W commercial truck gets features like drive modes (Eco and Power), a creep function, ADAS (forward collision, headway monitoring, pedestrian collision, lane departure) and driver monitoring (driver fatigue warning, driver coaching and driver behaviour insights).
    Mahindra ZEO EV Launched
    How does it look?
    Now that we’ve got technicals out of the way, let’s take a look at Mahindra ZEO’s design. Overall silhouette is that of a typical small forward-control pickup truck. Adhering to Mahindra’s family genes, we can see vertical slats in its fascia, highlighted in a blue shade, to show off its eco credentials and zero-emission mobility approach.
    Mahindra ZEO EV Launched with ADAS
    We can see multiple other places where Mahindra has used blue highlights. There are interesting decals on the side that stand out. They even read ELECTRIC in bold. Grill in front fascia is finished in blue and so are its externally adjustable rear-view mirrors. Steel wheels get dual-tone wheel covers to jazz up the overall design and appearance.
    Mahindra ZEO EV Launched with ADAS
    Mahindra e-ZEO gets halogen headlights and a single windshield wiper. The cabin has space to accommodate up to three occupants and behind the cabin, we can see e-ZEO’s load bed that is rated to take up to 765 kg of weight. The tailgate drops down and has large MAHINDRA lettering, commonly seen in commercial vehicles. More

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      Mahindra e-ZEO Teased Ahead Of Launch – New Electric 4W Truck

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      Mahindra e-ZEO Teased Ahead Of LaunchUpcoming Mahindra e-ZEO stands for “Zero Emission Option” and will lock horns with well-established rivals like Ace EV from Tata Motors
      Electric powertrains have made a big splash in India’s scooter segment. There are major strides in electric 3W CVs as well, while there have been fewer offerings of electric 4W CVs. Mahindra will soon launch the e-ZEO, which is an electric 4W commercial truck that will take on the likes of Tata Ace EV. Let’s take a look.
      Mahindra e-ZEO Teased
      With the growing electric vehicle sector in India, more OEMs are compartmentalising their portfolio to incorporate e-powertrains. In last mile mobility, Mahindra has had a successful portfolio of diesel, CNG, petrol and electric offerings.
      Mahindra e-ZEO Teased Ahead Of Launch
      However, the company is expanding its last mile mobility portfolio with a new offering, called e-ZEO. Not only is it a new vehicle, it is a new sub-brand within Mahindra’s Last Mile Mobility division. Other notable sub-brands are Treo, Alfa, Zor and Jeeto.
      As per the teaser, Mahindra will launch its first-ever electric four-wheeler. Up until now, Mahindra has been pioneering electric three-wheeler space. On World EV Day, Mahindra revealed the name of its upcoming electric 4W vehicle, the e-ZEO. As per the company, ZEO in e-ZEO stands for “Zero Emission Option”.
      [embedded content]
      We can see the overall silhouette of upcoming Mahindra e-ZEO electric 4W and it takes a boxy approach. We can see typical Mahindra family genes in the form of vertical slats in fascia, blue elements to highlight its eco credentials, steel wheels with dual-tone wheel covers, and more. We can also see a large Mahindra lettering on tailgate.
      There is a flat fascia extending all the way to the roof and an open load bed behind the cabin. This load bad is likely to bear a capacity of up to 700 kgs or higher and promises a range of around 200 km on a single charge.
      Mahindra e-ZEO Teased Ahead Of Launch
      Where does it fit in?
      Up until now, Mahindra has been selling?? Treo, Treo Yaari, Treo Plus and e-Alfa Plus in electric 3W space, Alfa DX in 3W CNG and diesel spaces. Zor Grand, Treo Zor and e-Alfa Cargo forms the electric 3W cargo lineup, while we have Alfa Plus in CNG and diesel guises too.
      Where 4W CVs are concerned, Mahindra has Jeeto lineup. Jeeto Plus with petrol engine and Jeeto Strong with diesel and CNG engines. For the first time, Mahindra is launching an electric 4W and it will directly take on the well-established Ace EV from Tata Motors, among others. Launch is likely to happen by the end of this year.

      Also read – Mahindra launching a new ICE pickup truck to rival Tata Intra  More

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      Ola Electric Auto Rickshaw Spied Testing For The First Time – Launch In 2024?

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      Ola Electric Auto Rickshaw – RaahiWhile Ola Electric auto rickshaw has been spied for the first time, there are no details about launch timeline or powertrain
      Within the commercial segment, the EV penetration is more profound in electric 3W auto rickshaws and 3W cargo vehicles. There are many players in this segment already, comprising of both mainstream manufacturers and startups. Ola Electric is foraying into this segment with its upcoming Raahi, and it was recently spied for the first time in Bengaluru.
      Ola Electric Auto Rickshaw Spied
      Electric mobility solutions provider, Ola Electric, has been advancing into more and more segments and genres since the startup’s debut. The company’s aggressive pricing strategies have worked wonders and has quickly established itself as a leader in electric scooters.
      Ola Electric Auto Rickshaw – Side
      The company intends to create a similar effect in other 2W and 3W genres. In this regard, we recently saw Ola launching its Roadster electric motorcycle range with very aggressive prices. Before that, Ola had patented Roadster range in India alongside an electric auto rickshaw and an electric 3W cargo vehicle.
      Now, Ola Electric auto rickshaw has been spied testing for the first time around Bengaluru, Karnataka. Design-wise, we can see that Ola Electric has stayed true to the patent designs and follows an identical silhouette.
      Ola Electric Auto Rickshaw – Rear
      Unlike the patent designs, this test mule didn’t have doors for a concealed cabin. Instead, we can see an unrestricted entrance to driver and a door on either sides for rear passengers. Future versions of this Ola Raahi electric rickshaw might get a concealed cabin and an option for air conditioning.
      Where design is concerned, Ola Raahi might very well be the flashiest auto rickshaw ever launched in India. While TVS offers LED headlights on their rickshaws, Ola seems to be trying to one-up TVS with projector LED headlights and square LED DRLs. We can also see a single-blade windshield wiper as well.
      Ola Electric Rickshaw CV
      Will this rickshaw debut with a removable battery?
      From the rear, spied Ola electric auto rickshaw looks like any other rickshaws on sale in India. Wheels look like they are 10-inches in size and could come with tubeless tyres. Space looks adequate for three passengers abreast in the back seat.
      Ola Electric Cargo CV
      While there is a good chance of this rickshaw being called Ola Raahi, there is basically no information regarding the powertrain. Patent designs of a removable battery module from Ola Electric was leaked some time ago. This removable and swappable battery makes a lot of sense to offer in a commercial vehicle, maximizing up-time.
      Ola Swappable Battery Patented
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      Tata Ace Long Range EV Kit By Northway Motors Boasts Up To 350km Range

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      Tata Ace Long Range EV Kit By NorthwayWhen compared to existing electric transport vehicles, Tata Ace EV Long Range kit by Northway Motors promises all-day work without rechargingIf you have read our EV converted Maruti Suzuki Ignis story that could go 200 km/h on the dyno, you must be familiar with Pune-based Northway Motors. This company specializes in aftermarket electric conversion kits for a multitude of vehicles and now, the company has put together a conversion kit for Tata Ace to extract as much as 350 km on a single charge.This electric converted Tata Ace goes up to 350 kmTata Motors has launched an all-electric version of Tata Ace. Called, Tata Ace EV, this is a potent vehicle that has found association with multiple intra-city and last-mile delivery operations. Launched at a starting price (at launch) of Rs. 9.99 lakh (Ex-sh), it does address a lot of issues in mobility sector.Tata Ace Long Range EV Kit By NorthwayHowever, Northway Motors has identified a key set of problems in electric vehicles for last-mile delivery and is also extending its solutions for inter-city deliveries as well. According to Northway’s market study, a vehicle like Tata Ace (ICE) will cover 80km – 100km in last-mile delivery operations and around 200 km in inter-city deliveries.Conventional electric transport vehicles often need to recharge within that day to meet these criteria and can result in unforeseen losses for fleet operators or business owners. Also, frequent fast charging will degrade battery health at a faster rate and will not be able to deliver a longer product life span. Adding to it are fewer charging ports along with the queue and waiting period.[embedded content]To address these shortcomings, Northway Motors has come up with Tata Ace EV Long Range kit that has a 39 kWh battery pack and promises around 270 km of range when fully loaded, 300 km of range when semi-loaded and 350 km of range when fully empty. This 39 kWh battery pack supports fast charging too.90% made in IndiaHowever, company recommends slower charging overnight and the higher range negates the need for frequent top-ups to get to the end of a productive day. This retrofitted kit is compatible with both the new Tata Ace and older ones. Because it is mounted so low in the chassis, it lends better driveability and weight distribution.Tata Ace Long Range EV Kit By NorthwayOver the ‘Drive’ mode, Northway has also implemented a ‘Load’ mode where this retrofitted kit produces maximum load-bearing performance for scenarios like inclines. The battery and motor are in-house-assembled and wiring harness, vehicle controller, chargers and wiring harness are in-house developed.Northway Motors promises a safe and legal product for Tata Ace owners (new and existing) that ensures lowest running cost in the business and highest ROI (Rate Of Return). Coupled with this battery, the kit’s electric motor works with Ace’ existing gearbox and negates the need for gearshifts and clutch operation.Tata Ace Long Range EV Kit By NorthwayWith a vacuum pump, brakes on this converted vehicle work as they work on a stock vehicle. There is an auxiliary battery for miscellaneous vehicle functions too. The company gave a suitable example of Pune-Mumbai delivery trips and the ‘up to 350 km’ range certainly makes a strong proposition. More

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      New Bajaj Electric 3W Launch Planned To Take On Cheap e-Rickshaws

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      Image for illustration onlyRajiv Bajaj has announced plans to launch an affordable electric 3W which will rival unbranded Rickshaws made from illegal import kitsBajaj Auto, a global leader in the manufacturing of 3-wheelers (3Ws), stands as a cornerstone in India’s automotive landscape, excelling in both the two-wheeler (2W) segment within the passenger vehicle (PV) space and the 3W segment within the commercial vehicle (CV) arena.Bajaj’s Affordable Electric Rickshaw ProjectRenowned for its pioneering strides in electric 3Ws, the company is now embarking on a mission to create a more accessible electric 3W platform, with the aim of steering Indian consumers away from unbranded import kits and towards safer, more reliable options.Image for illustration onlySpeaking with CNBC TV18, Rajiv Bajaj, the MD of Bajaj Auto, confirmed the company’s ongoing efforts to develop an affordable electric 3W vehicle. This vehicle, envisioned as a versatile platform, holds the promise of spawning multiple body styles in the future, catering to a diverse range of consumer needs.As a key player in the global 3W market, Bajaj feels a sense of responsibility to drive the segment forward in the right direction. Mr Bajaj emphasizes the substantial market potential of the electric rickshaw sector, estimated at approximately 50,000 to 60,000 units. However, he expresses concerns regarding the dominance of cheap, unbranded products comprising imported kits, which often fail to meet safety standards, posing significant risks on the road.Recognizing this market niche as a lucrative opportunity, Bajaj is committed to developing an affordable offering that matches the pricing of unbranded electric rickshaws while surpassing them in terms of quality and safety. The primary target demographic for this initiative, according to Bajaj, is North India, encompassing regions such as Delhi, Uttar Pradesh, Bihar, and others.While Bajaj may not currently have a foothold in this specific segment, Rajiv Bajaj hints at an impending unveiling. When questioned about a potential launch timeline, he suggests that the introduction of this budget-friendly electric 3W from Bajaj is imminent, promising a transformative impact on the Indian electric vehicle market.Bajaj’s Venture into Affordable Electric TransportationNotably, the company has made significant strides in offering a robust portfolio of Compressed Natural Gas (CNG) 3Ws, which have gained popularity both in the Indian market and in various export destinations.Bajaj has also made notable inroads into the realm of electric 3W mobility solutions, gaining considerable momentum in the process. Presently, the company offers the EV RE electric 3W rickshaw (also known as a tuk-tuk) and the Maxima XL Cargo, both powered by the E-TEC 9.0 powertrain, featuring an 8.9 kWh battery. For those seeking greater power and capacity, Bajaj also offers the Maxima XL Cargo with the E-TEC 12.0 powertrain, boasting an 11.8 kWh battery.In terms of pricing, the Bajaj EV RE E-TEC 9.0 starts from Rs. 3.65 lakh, while the Maxima XL Cargo E-TEC 9.0 begins at Rs. 4.04 lakh, and the Maxima XL Cargo E-TEC 12.0 starts from Rs. 4.5 lakh (all prices ex-showroom). These competitive prices underscore the pressing need for an affordable electric 3W rickshaw in the market.Source More

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      Piaggio Ape Electric Rickshaw 3W Subscription Model Launched – 30k Down Payment, 8k EMI

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      Piaggio Ape Electric Rickshaw 3W CargoPiaggio’s new Battery Subscription Model makes 3W EV ownership even more attractive and highly affordable by eliminating upfront battery costThe recent announcement by the Government of India with regard to electric vehicle subsidy has upset the segment. An earlier Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II has been replaced by Electric Mobility Promotion Scheme 2024 (EMPS), which offers lower subsidies for both electric 2Ws and 3Ws when compared to the earlier FAME-II scheme, which expired on March 31, 2024.Piaggio Ape Electric at Rs 2.59 Lakh Plus Battery RentPiaggio is a well known entity in the electric three wheeler electric segment, scoring high in sales each month ahead of Bajaj Auto, Mini Metro and Unique International. They have now brought in a special scheme that will appeal to buyers of its Ape Electric electric three wheelers. This battery subscription model aims to revolutionize three wheeler ownership with more affordability by separating upfront cost of the vehicle from the cost of the battery.Piaggio Ape Electric Rickshaw 3W PVBuyers of the Piaggio Ape Electric can now make their purchases at Rs 2.59 lakh (ex-showroom). They can then subscribe to Piaggio approved battery pack at a monthly rent via the company dealership. While the chassis and powertrain are registered in the name of the customer, allowing them to avail loan facilities. Such an option will allow buyers to own electric vehicle without the stress of battery cost, maintenance, battery life span and replacement expenses.Piaggio dealerships offer these batteries to customers at a monthly rent for a lease period of 120,000 kms or 8 years for its cargo movers and at 150,000 kms or 8 years for passenger vehicles. On reaching the designated mileage, there is no more monthly rent to be paid. Piaggio also takes on the full onus of battery health even in the case of long term ownership. This special battery subscription module also includes battery replacement at the same amount of rent following the initial lease period.Piaggio Ape Electric Rickshaw Subscription Model Launched In 30 CitiesPiaggio Battery Subscription Model across 30 Indian CitiesThe Piaggio Battery Subscription Model has been introduced initially across 30 Indian cities. These include Gurgaon, Agra, Warrangal, Raipur, Mathura, Nizamabad, Nagpur, Lucknow, Kurnool, Bangalore, Kanpur, Anantpur, Tumkuru, Allahabad, Vijaywada, Mysore, Delhi, Guntur, Kolar, Noida, Vizag, Mumbai, Ghaziabad, Chennai, Ahmedabad, Greater Noida, Hyderabad, Pune and Faridabad. It requires no added documents from customers while buyers are given the liberty to unsubscribe from this program or sell their vehicle as they desire without any binding to the subscription scheme.Speaking on this special battery subscription model, Mr Diego Graffi, Chairman and MD Piaggio Vehicles Pvt Ltd said, “Piaggio India has a long history of prioritizing customer satisfaction through innovative products and solutions. The industry-first ‘Battery Subscription Model’ removes another barrier to EV adoption by addressing battery concerns and offering a cost-effective ownership option. We are confident this model will sustain EV growth in a post-subsidy environment.”Piaggio Ape Electric Rickshaw SpecsMr Amit Sagar, Executive Vice President – CV Domestic Business at Piaggio Vehicles Pvt Ltd has also stated that, “Customer can now own an electric 3W at down-payment of Just INR 30,000 and an EMI of INR 8,000 per month which makes it as easy to own as compared to 3W CNG. Battery Subscription model will bring in a new wave of EV adoption in the industry. Our initial interaction with channel partners and consumers makes us believe that we have a winner. We believe that the model will also continue the EV adoption in a post subsidy world ensuring that customers and manufacturers get the best from the massive EV opportunity.” More

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      Mahindra Treo Plus Electric Rickshaw Metal Body Version Launch Price Rs 3.58 L

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      Mahindra Treo Plus Electric RickshawMahindra Treo Plus delivers a range of 150 kms on single charge – Charging time is 4 hours 20 minutesMahindra Last Mile Mobility Limited (MLMML), India’s premier electric 3-wheeler company, proudly introduces its latest offering: the Treo Plus featuring a durable metal body. This innovation comes in response to invaluable customer feedback, showcasing MLMML’s commitment to meeting the evolving needs of its clientele.Treo Plus with Metal Body: A Leap in DurabilityPriced attractively at Rs 3.58 Lakh, ex-showroom, the Treo Plus with its metal body promises enhanced durability and longevity, ensuring a reliable mode of transportation for both passengers and goods alike. Since its inception in 2018, Mahindra has emerged as a trailblazer in the electric 3-wheeler segment, garnering widespread acclaim for its Treo series.Mahindra Treo Plus Electric RickshawWith over 50,000 units sold to date, the Treo line has become synonymous with reliability and efficiency. These vehicles have collectively traversed an astonishing 1.10 billion kilometers, contributing significantly to environmental sustainability by reducing CO2 emissions by 18,500 metric tonnes. Notably, the Treo series commands an impressive 52% market share in the L5M EV category, underscoring Mahindra’s dominance in the sector.Treo Plus Specifications at a GlanceThe Treo Plus offers a passenger capacity of D+3, making it ideal for urban transportation needs. With an impressively low maintenance cost of 10 paise/km, it stands out as a cost-effective solution for daily commuting. Charging the vehicle is convenient, with a charging time of 4 hours and 20 minutes, ensuring minimal downtime for users. While the ARAI certified range is noted at 167 km, real-world range typically reaches 150 km, subject to driving conditions.[embedded content]Treo Plus boasts a top speed of 55 km/h on Boost mode, ensuring efficient and swift travel. The vehicle is powered by a lithium-ion battery, offering reliable performance and efficiency at 48 V. Performance remains a cornerstone of the Treo Plus, boasting specifications tailored to meet the demands of modern mobility. Featuring a 10.24 kWh battery capacity, 8 kW power with 42 Nm torque, the Treo Plus delivers an unparalleled driving experience.Mahindra Treo Plus Electric RickshawWith a wheelbase of 2073 mm and Hill Hold Assist, it offers superior stability and control, ensuring safety on every journey. Additionally, buyers of the metal-bodied Treo Plus can avail themselves of a standard 5-year/120,000 km warranty, offering added peace of mind and assurance. With an extensive service network spanning the length and breadth of India, Mahindra remains steadfast in its commitment to providing unparalleled aftersales support.Mahindra Treo Plus FeaturesAffordable Financing OptionsRecognizing the importance of affordability and accessibility, Mahindra has collaborated with finance partners to present customers with a range of enticing deals. With extended loan tenures of up to 60 months, financing options of up to 90%, and low down payment schemes, owning a Treo Plus has never been more feasible.Mahindra Treo Plus SpecsMs. Suman Mishra, Managing Director and CEO of Mahindra Last Mile Mobility Ltd., expressed her enthusiasm, stating, “At Mahindra, we actively listen to our customers and their satisfaction is our priority. We’re excited to offer customers with more choices with the introduction of the metal bodied Treo. The Treo Metal Body will continue to delight customers with its reliability, lower TCO and help build their micro-entrepreneurship journey.”In alignment with its customer-centric ethos, Mahindra Last Mile Mobility Limited introduces the UDAY program, providing Treo buyers with a Rs 10 lakh accident insurance cover for the first year. This initiative underscores Mahindra’s unwavering dedication to prioritizing customer safety and well-being while fostering a sustainable future. More

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      Electric 3W / Rickshaw Sales Feb 2024 – Mahindra, YC, Saera, Dilli, Piaggio, Bajaj

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      Image for illustrationIn February 2024, the electric 3W retail sales has posted a double digit YoY growth while MoM sales dipped marginallyFollowing our two earlier sales reports wherein we analyzed electric car and electric two wheeler retail sales for the month of February 2024, we now take a look at three wheeler sales also in the electric category. The electric three wheeler segment is divided into various categories and sales figures included sales of vehicles like three-wheeler (goods), three-wheeler (passenger), three-wheeler (personal), e-rickshaws, and e-rickshaws (carts). Sustained demand across the passenger category while last-mile operators for e-commerce businesses, food deliveries and other similar applications has shown off a good sales trajectory.Electric 3W Sales In February 2024Electric 3W sales last month stood at 50,585 units, a YoY growth of 40.10 percent over 36,106 units sold in February 2023. It was however, a decline by 5.09 percent on a MoM basis as compared to 53,298 units sold in January 2024. Sales in this segment were also lower when compared to 57,511 units sold in December 2023 indicating that the past three months have been unfavorable where electric 3Ws are concerned.Electric 3W / Rickshaw Sales Feb 2024 vs Feb 2023 – YoY ComparisonMahindra Group led the segment with 5,010 unit sales last month, a 33.03 percent YoY growth over 3,766 units sold in February 2023. MoM sales also improved by 7.01 percent from 4,682 units sold in January 2024. Most sales were amassed by Mahindra Last mile Mobility with 4,707 units sold last month while Mahindra Limited sales stood at 291 units and Mahindra Reva at 12 units.At No. 2 was YC Electric with 3,356 unit retail sales last month posting a 28.09 percent YoY growth from 2,620 units sold in February 2023. MoM sales dipped marginally by 0.56 percent from 3,375 units sold in January 2024. The company’s electric 3W portfolio currently includes Yatri Super, Yatri Deluxe and Yatri in the passenger segment while its commercial lineup includes the E-Loader and Yatri Cart.Electric 3W / Rickshaw Sales Feb 2024 vs Jan 2024 – MoM ComparisonSaera Electric sales grew to 2,090 units, up 12.61 percent YoY from 1,856 units sold in February 2023 while MoM sales suffered a setback of 11.40 percent when compared to 2,359 units sold in January 2024. Dilli Electric and Piaggio sold an equal number of electric 3 wheelers last month at 1,990 units. However, Piaggio posted an even greater MoM decline and hence lost its No. 4 position held in January 2024 to Dilli.Ranked at No. 4 on this list was Dilli Electric with 1,990 units sold last month, a 27.24 percent YoY growth from 1,564 units sold in February 2024 while MoM sales fell albeit marginally by 0.85 percent from 2,007 units sold in January 2024. Piaggio sales of its electric 3W models Ape E-City FX Max passenger carrier and Ape E-Xtra FX Max cargo carrier posted lower MoM but it was a significant YoY growth of 87.56 percent when compared to 1,061 units sold in February 2023. It was followed by Bajaj Auto with 1,379 unit sales last month, a 12.67 percent MoM decline from 1,579 units sold in January 2024. Electric 3W OEMs with Double Digit YoY GrowthLower down the sales list were a host of OEMs that have posted double digit YoY growth though most of them have experienced lower MoM sales. Mini Metro sales grew to 1,154 units last month, a YoY and MoM growth of 22.51 percent and 3.50 percent respectively. Unique International recorded retail sales at 1,028 units with a 24.61 percent YoY growth but 7.72 percent MoM de-growth.The list also included Hotage  EV (996 units), Energy Electric (919 units), Champion PolyPlast (910 units), JS Auto (903 units) and Alfine Industries (867 units). Other OEMs who manufacture electric 3 wheelers added 27,993 units to total sales last month, a YoY growth of 44.01 percent from 19,438 units sold in February 2023 while MoM sales dipped 6.87 percent over 30,059 units sold in January 2024. More

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      Electric 3W / Rickshaw Sales Jan 2024 – Mahindra, Bajaj, Piaggio, YC, Saera

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      Rickshaw Sales Jan 2024The electric three wheeler segment has clocked a 54.45% YoY growth in terms of retail sales in January 2024 led by the Mahindra GroupAs per a list released by Federation of Automobile Dealers Associations (FADA), the electric three wheeler segment in India is growing by leaps and bounds. This segment, which includes both passenger e-rickshaws and cargo three wheelers has witnessed double digit YoY growth in January 2024, however, on a MoM basis sales dipped by 7.33 percent. Despite these lower MoM sales, the segment itself continues on a favourable vein and shows strong potential in the future.Electric Three Wheeler Retail Sales January 2024Following our earlier reports on electric two wheeler and electric car retail sales in January 2024 we now assess growth across the electric three wheeler segment. Increased awareness, coupled with large-scale growth across e-commerce and food deliveries has boosted sales for this eco-friendly, zero emission and cost savings on fuel. A recent study indicated that electricity and service costs works out to Rs 1.3/km for electric three wheelers as against Rs 5/km for diesel powered vehicles relating to a Rs 3-4/Km saving.Electric 3W / Rickshaw Sales January 2024There has been a surge in demand for electric three wheelers / Rickshaw in recent months. New product launches that boast of improved quality, offer enhanced features and above all are reasonably priced, has made these products more attractive to buyers. Electric three wheeler retail sales stood at 53,298 units in January 2024, up 54.45 percent when compared to 34,508 units sold in January 2023. It was however a MoM decline by 7.33 percent from 57,511 units sold in December 2023 wherein almost every electric three wheeler OEM has posted lower sales except for Mahindra Reva, Piaggio and Bajaj Auto.Mahindra Group led the segment with 4,682 units sold in the past month, up 56.85 percent over 2,985 units sold in January 2023. MoM sales dipped 8.27 percent from 5,104 units sold in December 2023. Mahindra Last Mile Mobility (MLMM), made up most of these sales with 4,271 units sold last month. The company lineup includes products such as the Treo Plus, Treo Yaari and e-Alfa Super for passenger transport while in the goods transport segment there is the Zor Grand, Treo Zor and e-Alfa cargo.Electric 3W / Rickshaw Sales Jan 2024 vs Jan 2023 – YoY ComparisonAt No. 2 was YC Electric with 3,375 units sold in January 2024, up 48.35 percent over 2,275 units sold in January 2023. MoM sales dipped by 11 percent from 3,820 units sold in December 2023. The electric lineup in the passenger segment includes Yatri Super, Yatri Deluxe and Yatri and E-Loader and Yatri Cart for commercial use. Saera Electric has also posted double digit YoY growth at 34.88 percent in January 2024 with 2,359 units sold, up from 1,749 units sold in January 2023. MoM sales dipped 11.08 percent from 2,653 units sold in December 2023.Electric 3W / Rickshaw Sales Jan 2024 vs Dec 2023 – MoM ComparisonPiaggio, with an electric three wheeler / Rickshaw lineup of two models that include the Ape E-City FX Max passenger carrier and Ape E-Xtra FX Max cargo carrier, has seen both a YoY and MoM improvement in sales. With 2,079 units sold in January 2024, it related to a 92.50 percent YoY growth from 1,080 units sold in January 2023 and was up 1.12 percent over 2,056 units sold in December 2023.Dilli Electric sales were higher by 34.43 percent on a YoY basis to 2,007 units sold last month from 1,493 units sold in January 2023 while it fell by 12.36 percent over 2,290 units sold in December 2023. Bajaj Auto, a relatively new entrant into the electric three wheeler segment with the Bajaj RE E-Tec 9.0 passenger EV and Maxima XL Cargo E-Tec 12.0 introduced in June 2023, has seen a 25.02 percent MoM growth to 1,579 units sold in January 2024 from 1,263 units sold in December 2023.Electric Three Wheeler OEMs That Posted Double Digit YoY GrowthThe list also included several other electric three wheeler OEMs that have each seen double digit improvement in sales on a YoY basis. There was Hotage Corporation (1,183 units) with a 64.31 percent YoY growth, Unique International (1,114 units) with 31.83 percent YoY growth and Energy Electric (1,044 units) relating to 72.56 percent YoY growth.Lower down the list was also Champion Poly Plast (993 units), SKS Trade (909 units) and Alfine Industries (883 units). There are other electric three wheeler OEMs that contributed 29,976 units to retail sales in the past month relating to a 56.15 percent YoY growth over 19,197 units sold in January 2023 while MoM sales dipped 5.25 percent over 31,636 units sold in December 2023. More