Best 3 wheeler manufacturing company in India 2021
Table of Contents
3 wheeler segment had a negative sign in their growth for the few years in India and other countries for the main reason the industry changes from BIV to BVI and COVID-19
Financial Year 2020-21 was a very challenging year for the Indian auto industry. The industry could produce a
total of 2,26,52,108 vehicles clubbing all segments i.e. Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles as against 2,63,53,293 in FY 2019-20 and 3,09,14,874 in FY 2018-19, registering a de-growth of(-)14.04 percent over the same period last year and (-) 26.73 percent over FY 2018- 19. Among these, the three-wheeler industry was the worst hit in FY21.
V. Atul Auto Limited
- Founded: 1970
- Headquarters: Gujarat, India
- Listed in NSE, BSE Exchange: ATULAUTO, 531795
- Brand: ATUL
Atul Auto Profile:
ATUL vehicles are redefining the 3-wheeler industry and they are the fastest-growing 3 Wheeler Company in India, with a presence across 21 states with 200 primary and 130 secondary networks. The company’s dealership, sales, service, and spare parts network comprises over 600 touchpoints across the globe.
in the 3 wheeler segment, ATUL is one of the youngest & fastest growing companies. In the 3 wheeler industry, the Company understands the need of the day, the value of the environment, and the importance of sustainability, and the introduction of Green 3 Wheeler a new era for the industry as well as for the Company.
Considering the benefits provided under FAME II (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) and rising fuel costs, the Boards believe in the bright future of electric 3 wheeler and necessary developments are going into this segment.
Atul Auto has its manufacturing plant facilities in Gujarat, India for the 3 wheeler segment.
Atul Auto Product:
Atul Auto Financial position
- Revenue from operation: 29,590 lakhs
- Profit Before Tax: -1,320 lakhs
- Profit for the year FY21: -1,044 lakhs
Key ratios for the Atul Auto are:
- Current Ratio (Times): 1.54
- Debt Equity Ratio: 0.05
- Operating Profit Margin (%): -3.92
- Net Profit Margin (%): -3.45
- Return on Net Worth (%): -3.48
IV. Scooters India Limited
- Founded: 1972
- Headquarter: Lucknow
- Listed in BSE Exchange: 505141
- Brand: VIKRAM, LAMBRO
Scooters India Ltd Profile:
Scooters India started its commercial production under the brand name of Vijai Super for the domestic market and Lambretta for the overseas market. It added one more wheel to its product range and introduced 3 wheelers under the brand name VIKRAM/LAMBRO.
Scoter India discontinued its two-wheeler production and concentrated only on the manufacturing and marketing of 3 wheelers. These 3 wheelers have become more relevant in the present socio-economic environment as it transports goods and passengers at the least cost.
Scooters India Ltd Product
Scooters India Limited makes various & versatile types of 3-wheelers: Vikram 450D(HB), Vikram 450D(STG), Vikram 1000 CG, Vikram 1500 CG, Vikram 750D(AC), Vikram Load Carrier, Vikram EV.
Scooters India Financial analysis:
- Revenue from operation: 50 lakhs
- Profit before tax: -486.5 Lakhs
- Profit of the FY21: -486.5 Lakhs
III. Piaggio Vehicles Pvt. Ltd.
- Founded: 1999
- Headquarter: Pune
- Brand: APE
Piaggio Vehicles profile:
Piaggio is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles of 3-wheeler goods transportation in India.
PVPL incepted its Indian operations with the launch of Apé in 1999. Equipped and engineered for higher fuel efficiency, rugged performance, and outstanding load carrying capability, Apé was an instant success.
Piaggio manufacturing units:
Baramati (India, in the state of Maharashtra), with plants dedicated to the manufacture of three- and four-wheeler commercial vehicles, Vespa and Aprilia brand scooters and engines for Two-wheeler company
In 2019, plants in India purchased raw materials, merchandise, and spare parts for an overall value of 318 million from around 620 suppliers. The first ten suppliers made up 36% of the total purchases
II. TVS Motor Company
- Founded: 1911
- Headquarter: Chennai, Tamilnadu
- Listed in NSE, BSE Exchange: TVSMOTOR, 532343
- Brand: TVS KING
TVS Motor Company Profile:
TVS Motor Company is the third-largest two-wheeler and 3 wheeler in India and also the 2nd largest exporter in India with exports to over 60 Countries.
TVS Group has also manufacturing auto compounds, motors, and tires. In Two-wheeler tires 3 wheeler tires, TVS Srichakra is one of India’s largest manufacturers and exporters in India. In aaraichikuripukal TVS Srichakra has placed top 5 positions in the tire Industries
TVS Motor Manufacturing units in India
TVS Motor has 3 Manufacturing plants they are,
- Hosur in Tamil Nadu,
- Mysore in Karnataka and
- Nalagarh in Himachal Pradesh
- Two wheeler company of TVS company has the production capacity nearly 4.95 Million Units
TVS Financial analysis:
- Revenue from operation: 19,420.82 crores
- Profit before tax: 821.63 crores
- Profit of the year FY21: 607.50 crores
The key ratio for the TVS Motor
- Debtors Turnover Ratio: 13.96
- Debt Equity Ratio: 2.46
- Return on Net worth: 16.72
I. Bajaj Auto
- Founded: 1926
- Headquarter: Akurdi, Pune
- Listed in NSE, BSE Exchange: BAJAJ-AUTO, 532977
- Brand: Bajaj APE
Bajaj Auto Profile:
Bajaj Auto is ranked as the world’s fourth-largest 3 wheeler and two-wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South, and Southeast Asia.
The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two-wheelers company manufacturer and three-wheelers manufacturer company), home appliances, lighting, iron and steel, insurance, travel, and finance.
in 2 wheeler segment bajaj auto also performed well in the market
3 wheeler market share in the segment was 50.6%
Bajaj Auto Manufacturing Units:
bajaj auto has 3 Plants they are
In the Waluj plant, the capacity was Motorcycles 2,400,000 units, Commercial Vehicles 930,000 and produce the brand are Boxer, CT, Platina, Discover, Pulsar, Passenger Carriers, Good Carriers, Quadricycle.
In the Chakan plant, the capacity was Motorcycles 1,200,000 units, and produce the brand are Pulsar, Avenger, KTM, Dominar, Husqvarna, Chetak
In the Pantnagar plant, the capacity was Motorcycles 1,800,000 units, and produce the brand are CT, Platina, and Pulsar.
For the 3-wheeler total units are 930,000 Units
Bajaj Auto Subsidiaries:
- PT.Bajaj Auto Indonesia with 99.25% shares held by Bajaj Auto Ltd.
- Bajaj Auto International Holdings BV Amsterdam Netherlands with Fully owned subsidiary
- Bajaj Auto (Thailand) Ltd with a Fully owned subsidiary
Bajaj Auto Financial Position:
- Revenue from operation: 27,741.08 crores
- Profit before tax: 6,241.43 crores
- Profit of the yearFY21: 4,857.02 crores
For Three-wheeler segment
Net sales in the domestic market: 109,304
Net sales in the Internation market: 254,200
The key ratio for the Bajaj Auto
- Debtors Turnover Ratio: 9.99
- Inventory Turnover Ratio: 13.13
- Current Ratio: 2.51
- Return on Net Worth: 18.1%
