5 Top Auto Rickshaw Companies In India
- Bajaj Auto is the India’s leading auto rickshaw company which alone holds 35% market share in the segment
- Piaggio, TVS and Atul Auto are major auto rickshaw manufactures in India with combined capacity of producing 6.2 lakh rickshaws
India is the world’s largest two-wheeler market and 4th largest car market. Despite this only 7% Indians own a car and 50% still don’t own two-wheelers or even a bicycle. So what makes India move? The answer is auto rickshaws. While public transport is available, auto rickshaws are used by many Indians on daily basis. This opens a huge opportunity for the top auto rickshaw companies in India. Here’s the list of top auto rickshaw companies whose rickshaws can be seen anywhere in the country:
Bajaj Auto
Which is the world’s largest three wheeler manufacturer? It is Bajaj Auto. The Bajaj RE brand is India’s leading auto rickshaw brand. In its three wheeler portfolio Bajaj Auto also offers Maxima auto rickshaw range. Bajaj Auto has annual capacity of producing 1 million auto rickshaws. Bajaj Auto alone holds 35% market share in India’s three wheeler market.
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The company products are available in 45 different countries. In 2021, Bajaj Auto sold 3,64,000 three wheelers across the globe. Around 58 million people travel in Bajaj Auto’s rickshaws on daily basis. Bajaj Auto operates three plants in India, one in Aurangabad is dedicated to three wheelers with a capacity of producing more than 8 lakh three wheelers annually.
Piaggio
India’s 2nd largest auto rickshaw company is Piaggio. This European company has a production capacity of 3,80,000 models annually. Piaggio holds around 16% market share in India’s three wheeler segment. In Baramati, Maharashtra, Piaggio operates its plant which produces three wheelers as well as scooters and big bikes. It is interesting to note that the Baramati plant operates at 95% capacity.
Mahindra
After Piaggio, the 3rd largest auto rickshaw company in India is Mahindra. Mahindra holds 6.27% market share in India’s three wheeler market. The company has annual production capacity of 3,80,000 models which is equivalent of Piaggio. Apart from being one of the India’s top three wheeler manufacturer Mahindra is the first three wheeler maker to take huge step towards electrification.
The company ended FY22 as the India’s top electric three wheeler manufacturer with huge market share of 73.4%. Alfa Mini was the first electric auto rickshaw from the company. Then company introduced its Treo range of three wheelers which got an amazing response from customers. The Treo range recorded 18,000+ sales as end of the year 2022. The company claims to achieve 427 Million kilometres and saved more than 42835 metric tonnes of CO2 through its Treo range of three wheelers.
Atul Auto
India’s 4th largest auto rickshaw manufacturer is the Atul Auto. This company is headquartered in Rajkot, Gujarat. Atul Auto has a market share of around 4% in India’s three wheeler market. Annual production capacity of this company is around 1.2 lakh three wheelers. Atul Auto has its presence in 21 states and it started its production in 1992. Over 1 million Atul Auto rickshaws are plying on roads. The company offers its products in petrol, diesel, LPG, CNG and electric.
TVS Auto
With around 2.5% market share TVS is the 5th largest auto rickshaw company in India. This company has a annual production capacity of 1.2 lakh models which is equivalent to the production capacity of Atul Auto. In 2008, TVS Motors entered the three wheelers business. India’s first 200cc two-stroke auto rickshaw was launched by this company as its first product. In Hosur, Mysore and Indonesia TVS has its manufacturing plant. The company three wheelers are available in more than 60 countries.
5 Largest Auto Rickshaw Companies In India:
| Brand | Market Share | Capacity |
| Bajaj Auto | 35% | 10,00,000 |
| Piaggio | 16% | 3,80,000 |
| Mahindra | 6.27% | 3,80,000 |
| Atul Auto | 4% | 1,20,000 |
| TVS | 2.5% | 1,20,000 |
