Commercial Vehicles

Componentry for Lith Pwr Mobility’s e-PRO is sourced from Tork Motors and Honda Power Pack Energy India Pvt LtdLith Pwr Mobility Launches Electric 3Ws in IndiaRight now, you might have seen that most 3W auto rickshaws are run by either petrol or diesel. Yes, there are CNG ones too and slowly, electric auto rickshaws are creeping up too. But still, petrol and diesel still dominate this segment. Contributing to air pollution and sound pollution.Last mile connectivity services are just as important as intracity public transport and hence this is an important segment. So, Lith Pwr Mobility PVT LTD has launched e-PRO electric 3W rickshaws in India under the EEEVV brand. That’s the brand, okay? So, do two more Es and one extra V make a better EV?Lith Pwr e-PRO Electric 3W RickshawLith Pwr Mobility and EEEVV were so keen on establishing the fact that they had sourced their componentry from well-known OEMs like Tork Motors and Honda Power Pack Energy India, that they seem to have forgotten to establish its product’s very name. I kid you not. A name is not mentioned anywhere. But the front of electric rickshaws says e-PRO and that is likely to be its name or the name of the series.On this occasion, Manish Agarwal, Founder of Lith Pwr said, “With the support of our associate partners who have vast expertise & experience in electric automotive, we are contributing to nation building. At the same time, the three-wheeler (auto-rickshaw) industry is considered a major source of pollution in last mile connectivity services. Our mission is to provide eco-friendly rides for daily commutes in metro cities with zero downtime on a swappable battery pack.”These electric rickshaws get powertrain from Tork Motors and Honda’s swappable battery packsUnder this partnership, powertrain for electric 3-wheelers will be sourced from Tork Motors’ & Honda will provide the battery swapping solution. Commercial operations benefit from the fact that cities like Bengaluru already host multiple swapping stations. Lith Pwr Mobility claims that it has already executed its pilot project in Thane, Maharashtra in 2021 itself.Lith Pwr electric 3W gets an axial flux motor from Tork and it is supported by CAN Bus-based controllers boasting an overall efficiency of 94%. It also gets a 2-speed gearbox that offers flexibility too. This partnership promotes battery swapping policies by NITI Aayog. This e-PRO electric 3W benefits from quality componentry from Tork & Honda to jointly provide the most advanced technology and highest efficiency for the Electric 3-wheeler segment.CompetitionRight now, if we look at the electric 3W segment, YC Electric Vehicles dominate by a small margin. YC products are not properly homologated as 3W rickshaws and come off as an after-thought. Then comes Mahindra with its Treo range of electric 3W which is designed from the ground up by a mainstream manufacturer. We should also see Bajaj’s RE EV electric 3W rickshaw soon enough.Lith Pwr Mobility and EEEVV have a lot of competition to tackle and establish themselves. But, given the swappable battery from Honda and powertrain from Tork, e-PRO looks like an attractive option in the sea of electric 3W startups. Also, swappable battery tech is looking like the future of last mile connectivity, B2B platforms, intracity transportation and intracity logistics too.  More

Electric three wheeler retail sales increased 343 percent YoY and 15 percent MoM in June 2022Omega Electric RickshawElectric vehicles, be it two wheeler or three wheeler, are the future of mobility in India. There are also a number of electric passenger vehicles that are noting increased demand with more automakers jumping into the fray. Electric vehicle registrations in June 2022, driven by 2W, 3W and PVs accounted for 90.40 percent of total registrations in the month.The pandemic situation in the country saw an increase in on-line shopping that led to a phenomenal growth in demand for last mile delivery solutions that has in turn led to growth in demand in electric three wheelers in India.EV registrations in June 2022 were driven by electric two-wheelers and passenger-type electric three-wheelers, which together accounted for 90.40 per cent of total registrations in the month. Three wheeler electric passenger and cargo vehicle segment accounted for total retail sales of 26,910 units in June 2022, up 343 percent YoY over 6,072 units sold in June 2021. It was also a 15 percent MoM growth from 23,316 units sold in May 2022.Electric Three Wheeler Retail Sales June 2022YC Electric Vehicle led the segment with 2,385 units sold in the past month, up 342 percent YoY over 539 units sold in June 2021. It was also a 17 percent MoM growth from 2,045 units sold in May 2022. YC Electric currently has Yatri, Deluxe, eLoader and YC in its lineup.Electric Three Wheeler Sales June 2022 vs June 2021 (YoY)- FADAAt No. 2 was Mahindra Electric Mobility with 2,227 unit retail sales in June 2022, up 458 percent over 399 units sold in June 2021. The company also experienced a 17 percent MoM growth from 1,900 units sold in May 2022. In the electric three-wheeler segment, Mahindra offers cargo models such as Treo Zor and e-Alfa Cargo, and passenger models that include the likes of Treo, Yaari and e-Alfa Mini. Saera Electric Auto followed with retail sales of 1,435 units in June 2022. This was a 386 percent YoY growth over 295 units sold in June 2021 and a 5 percent MoM growth from 1,367 units sold in May 2022.NoElectric Three Wheeler SalesJune 2022June 2021May 20221YC Electric Vehicle2,3855392,0452Mahindra2,2273991,9003Saera Electric Auto PVT LTD1,4352951,3674Champion Poly Plast1,0882699405Unique International1,0341557706Dilli Elecric Auto PVT LTD1,0181921,0197Mini Metro EV L.L.P9361217528SKS Trade India PVT LTD545784219Terra Motors India PVT LTD5327754610E Royce Motors India PVT LTD505–211J.S. Auto (P) LTD48713349612Lectrix EV PVT LTD4822232613Energy Electric Vehicles45413142314Thukral Electric Bikes PVT LTD45111340815Best Way Agencies PVT LTD44317054216Vani Electric Vehicles PVT LTD40813047617Allfine Industries PVT LTD38810344218Speego Vehicles Co PVT LTD3718426819Daksh Industries3265218320Khalsa Agencies3254826421Bright Autozone PVT LTD31610330622Piaggio Vehicles PVT LTD3077139623Hotage Corporation India2913724124G.K. Rickshaw2587137625Star Bull E Motors2511617026Maa Shakti Exim PVT LTD2465318027Arrow Automotive2415818228Om Balajee Automobile2215316029Kinetic Green Energy2154012330Hooghly Motors PVT LTD2114012131Others (Below 200)8,5132,4197,471–TOTAL26,9106,07223,316At No. 4 was Champion PolyPlast with 1,088 unit retail sales in the past month, up 304 percent YoY from 269 units sold in June 2021. The company also reported a 16 percent MoM growth from 940 units sold in May 2022. YoY and MoM retail sales growth in terms of three wheeler retails was also experienced by Unique International. Sales stood at 1,034 units in June 2022 as against 155 units sold in June 2021 relating to a 567 percent growth. MoM sales improved 34 percent over 770 units sold in May 2022.Dilli Electric, Mini Metro, SKS Trade IndiaDilli Electric retail sales improved 430 percent on a YoY basis to 1,018 units up from 192 units sold in June 2021. MoM sales growth remained flat with 1,019 units sold in May 2022. Mini Metro saw a 674 percent YoY growth to 936 units, up from 121 electric three wheeler sold in June 2022 while MoM sales growth was at 24 percent from 752 units sold in May 2022.Electric Three Wheeler Sales June 2022 vs May 2022 (MoM)- FADAThe list also included SKS Trade (545 units), Terra Motors (532 units), E Royce (505 units), JS Auto (487 units) and  Lectrix EV (482 units) retail sales in June 2022. Of these electric three wheeler makers, it was Lectrix EV that posted the highest YoY growth of 2091 percent.Energy Electric retail sales were at 454 units while Thukral sold 451 units in the past month. Bestway (443 units), Vani (408 units), Allfine (388 units) and Speego (371 units) were also lower down on the list along with Daksh (326 units),  Khalsa (325 units) and  Bright Autozone (316 units). Other electric three wheeler makers such as Bright, Piaggio, Hotage and GK Rickshaw also posted significant YoY growth though some experienced a dip in MoM retail sales. More

YC Electric Vehicle led the segment by a significant margin over Saera Electric Auto and Mahindra RevaModified rickshawSales of electric vehicles in India are increasing by leaps and bounds. Their growth over the past year can be seen across passenger vehicles, two and three wheelers; that too by a significant margin. Electric mobility is making rapid strides in the three-wheeler segment, owing to Government pressure on businesses to go green.  FADA has also stated that the three-wheeler market is seeing a tactical shift from internal combustion engines to electric with as much as 45 percent of three-wheeler market making a shift to EVs. Escalating prices of petrol and diesel has also had an effect on sales while the 3W electric segment is further boosted by services offered such as battery swapping and battery-as-a-service (BaaS).We talk here exclusively of electric three wheeler retail sales that increased 1100 percent YoY to 23,321 units in May 2022 up from 1,944 units sold in May 2021. It was also an 11 percent MoM growth over 21,053 units sold in April 2022.Electric Three Wheeler, Rickshaw Sales – May 2022The largest seller in this segment was YC Electric with 2,045 electric 3W sold in the past month. This was a 1103 percent YoY growth over 170 units sold in May 2021 while MoM retail sales increased by 8 percent over 1,885 units sold in April 2022. YC Electric has the Yatri, Deluxe, eLoader and YC in its lineup.Electric Three Wheeler / Rickshaw Sales – May 2022 vs May 2021 (YoY)Saera Electric at No.2 had retail sales at 1,367 units, up 1281 percent YoY over 99 units sold in May 2021. It was also a 17 percent MoM growth from 1,171 units sold in April 2022. Next up was Mahindra Reva with retail sales of 1,073 units, a YoY growth of 780 percent over 122 units sold in May 2021.Both Dilli Electric (1,019 units) and Champion Poly Plast (940 units) at No. 4 and 5 saw increased YoY retail sales to the extent of 1823 percent and 1467 percent respectively. MoM sales growth stood at 25 percent and 2 percent respectively over 813 units and 920 units sold in April 2022.Mahindra, Unique International, Mini MetroMahindra’s electric 3W retail sales were at 826 units in the past month, up 752 percent over 97 units sold in May 2021. MoM growth was at 2 percent from 810 units sold in April 2022. Unique International (770 units) and Mini Metro (752 units) also saw outstanding YoY growth of  1162 percent and 2792 percent respectively while MoM sales increased 11 percent and 18 percent over 695 units and 638 units sold in April 2022.Electric Three Wheeler / Rickshaw Sales – May 2022 vs Apr 2022 (MoM)Lower down the order was Terra Motors (546 units), Best Way (542 units), JS Auto (496 units) and  Vani (476 units). The 3W electric retail sales list also included All Fine (442 units), Energy Electric (422 units), SKS Trade (422 units) and Thukral (408 units). Piaggio sales increased 3860 percent to 396 units in May 2022, up from 10 units sold in May 2021 but dipped 30 percent over 568 units sold in April 2022.Omega Seiki is a relatively new entrant into the electric 3W segment. The company has noted sales of 242 units in May 2022, a 34 percent MoM growth over 181 units sold in April 2022. In June 2022, the company has launched the new Stream electric three-wheeler, priced at Rs 3.40 lakhs (ex-showroom), post government subsidies. The new Stream offers a range of 110 kms per single charge.NoElectic 3W SalesMay-22May-21Growth % YoY1YC ELECTRIC2,0451701102.942SAERA1,367991280.813MAHINDRA REVA1,073122779.514DILLI ELECTRIC1,019531822.645Champion Polyplast940601466.676Mahindra82697751.557UNIQUE INT770611162.308MINI METRO EV752262792.319TERRA MOTORS546401265.0010Best Way542119355.4611J. S. AUTO496341358.8212Vani EV47694406.3813ALLFINE INDUSTRIES442391033.3314ENERGY ELECTRIC422291355.1715SKS TRADE422142914.2916Thukral EV408221754.5517Piaggio396103860.0018GK Rickshaw37654596.3019Lectrix EV32656420.0020BRIGHT AUTOZONE306181600.0021Speego268171476.4722Khalsa26492833.3323Omega Seiki2420–24Two Friends24282925.0025Hotage24192577.7826Others8,1147351003.95–Total23,3211,9441099.64Omega Seiki also announced plans for the world’s largest electric three wheeler manufacturing unit in Karnataka. It is from this new plant that the company will roll out their range of 3Ws that include Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper. The list also included other electric 3W manufacturers who have contributed 8,114 units to total retail sales in the past month up from 735 units sold in May 2021 and 7,054 units sold in April 2022. More

The electric three wheeler segment made a comeback after two years to scale past sales of its ICE counterparts and market share of 53 percentModified rickshaw imageThe pandemic situation in the country and across the globe over the past two years had taken a toll on vehicle sales. The electric vehicle segment, which was still in its nascent stage took a beating with sales crashing 37 percent in FY21.However, FY22 has seen sales come back even stronger to the extent that it has even beaten sales of its ICE counterparts with electric three wheelers registering 101 percent growth at 1,77,874 units. The segment is supported both by central and state government subsidies that have played a major role in changing buyer sentiments in its favor.Electric Three Wheeler, Rickshaw Sales – May 2022In May 2022, the electric three wheeler segment saw sales of 21,911 units, as against 19,597 units sold by its ICE counterparts. Market share also increased from 45 percent to 53 percent and this comes at a time when there is added pressure on business to adopt a greener approach while strong government incentives add further impetus to the three wheeler electric segment to introduce newer and more advanced products.The rise in petroleum products also led to increased sales of electric vehicles in India and as per data received, nearly 47 percent of three wheelers sold in the past three months were electric, 23 percent were CNG and the rest were petrol and diesel powered models.ICE vs Electric – three wheeler sales in IndiaSpiraling cost of fuel led to higher cost of ownership for buyers in the diesel segment by about INR 40,000-INR 50,000. This also put added pressure on EMI payments that increased to Rs 9000 from Rs 6000 leading to buyers putting off such purchases.Electric Three WheelersThe added growth in the electric mobility e-commerce space has been aided by increased demand for first and last mile connectivity, cargo, waste management and freight loaders. The fact that OEMs also offer easy swapping of discharged batteries for fully charged batteries has also helped this segment whileGrowth in electric three wheeler sales is in a less timeframe as compared to that seen in the car and scooter segment. The pandemic had spurred up consumer interest in conserving energy and saving the environment. There was also a spurt in e-business and logistic requirements during this period, while economies of cost coupled with easy charging facilities and government subsidies have added further impetus to this segment.ICE vs Electric – three wheeler sales in IndiaSeeing this outstanding demand for electric three wheelers, several automakers have jumped into the fray while the more established OEMs are adding to these products more than ICE models. For example, Piaggio marked its entry into the electric cargo segment with Ape E-city and Ape E-Xtra FX range. Piaggio, currently the second largest automaker in the three wheeler space offers a total of five electric models. Bajaj Auto is also set to launch its e-rickshaw and the prototype was revealed to be powered by 48-volt swappable Lithium-ion batteries that offered a range of 120 km. Mahindra is a leader in the three wheeler electric space with Mahindra Alpha Mini, Mahindra Treo Zor and electric Mahindra Treo.Like Piaggio, Bajaj and Mahindra there are new-comers in this segment that have introduced electric three wheelers. Atul Auto offers a massive range of three wheelers in the passenger and cargo vehicles segments while Lohia Auto also offers a good range of electric 3-wheelers in the cargo and passenger segments in India.Source More

Omega Seiki Mobility has launched the new Stream electric three-wheeler, priced at Rs 3.40 lakhs (ex-showroom), post government subsidiesOmega Seiki Mobility’s New electric passenger 3-wheeler ‘Stream’Omega Seiki Mobility, a Faridabad based electric vehicle manufacturer, set to be at the forefront of the electric three wheeler segment in India recently announced plans for the world’s largest electric three wheeler manufacturing unit in Karnataka. It will entail investment to the tune of USD 250 million (Rs 1,900 crore) and will be spread over an area of 250 acres with a capacity to produce 1 million electric three wheeler vehicles per annum. It is also from this plant that the company will manufacture an entire range of its electric three-wheeler cargo carriers that include Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper.Even as there is a steady growth in electric pick-up for last-mile connectivity and cargo requirements in the country, there is also a demand for electric passenger vehicles. Its increased demand can be seen in May 2022 when for the first time ever, electric three-wheeler retail sales surpassed their ICE counterparts.New Omega Passenger Electric RickshawThe company, currently into the e-three-wheeler cargo segment, has just launched its first electric three wheeler passenger vehicle called ‘Stream’. It is priced at Rs 3.40 lakh (ex-showroom Delhi) following Government subsidies and is said to offer the best performance in the industry.Stream eAuto is ideally suited for last mile transportation segment and is said to come in with best in class earning potential for drivers and owners to the extent of 20-25 percent in terms of saving and profits.New Omega Passenger Electric RickshawNew Omega Passenger Electric Rickshaw will be powered by an IP65-rated, advanced 8.5 kW capacity lithium-ion battery pack, making 10 kW power and 535 Nm torque. The battery can be charged via a 16A socket with an off-board portable charger in a matter of 4 hours. Driving range is set at 110 kms per single charge. It will be capable of gradeability of 10.2 degrees. Ground clearance is at 175 mm so as to ensure optimum performance on Indian road conditionsThe ride is set to be emission free, noiseless and fatigue free and will mark the next generation in mobility solutions in the country. The cabin, which is comfortable for upto 3 passengers, is spacious with best in class leg room, both for passengers and driver.Sales TargetOmega Seiki Mobility targets sales of the Stream eAuto at around 35,000-40,000 units per annum out of which 60 percent sales will come from domestic markets and 40 percent from exports. The company plans exports to ASEAN and Latin American countries.In terms of competition, the new Stream eAuto from Omega Seiki will rival Piaggio’s Ape E-City and Mahindra Treo in the Indian market. The company has also entered into an alliance with banks and NBFCs for easy finance to its buyers which can also be availed through Omega Seiki’s in-house financing arm ‘Anglian Finvest’. More