Indian 3-wheeler giant, Bajaj Auto plans to revamp its complete range of 3-wheelers in order to boost sales in the commercial vehicle segment. “Work on new platform for 3-wheelers has begun at our research and development centre, and we will be revamping the entire range with the new vehicles,” said S Ravikumar, senior vice-president, business development, Bajaj Auto.
So far the investment plans are not disclosed and the same is expected to be announced in April. Bajaj Auto is the leader in the domestic 3-wheeler market with a share of 41.29% this fiscal so far. It sold 166,052 units in April-December with a year-on-year growth of 10.9%. Piaggio is the close competitor with a market share of 34.48%.
According to the statement by Bajaj Auto for its Q3 results, 3-wheeler sales growth was led by the diesel passenger carrier segment, which grew 24% as against the industry growth of 14%. The 3-wheeler industry has remained flat in the current fiscal with not many permits up for grabs. According to Society of Indian Automobile Manufacturers (SIAM), 3-wheeler sales grew 4.96% in April-December 2012. Of this, passenger carriers grew 8.96% while goods carriers de-grew 10.29%.
Although Bajaj has 3-wheelers in the passenger and commercial segment. The sources on the web reveal, the launch is most likely happen in the passenger segment. Bajaj Auto also showcased the RE60 at the 2012 Auto Expo, but the launch has been delayed mainly due to the government which has not set rules for the Quadra cycle segment in India.
Source – DNA India