Best Three wheeler manufacturing companies in India.

Here we have a discussion about three wheeler manufacturing companies and how they have performed and grown this year after the degrowth market in India. we have listed the companies based on the sales.

• Total domestic sales of the three wheeler industry were 2,60,995 units in FY 2022.
• The international market for three wheeler industry showed a healthy growth of 27.16% in FY 2022

5. Scooters India Limited

• Founded: 1972
• Headquarter: Lucknow
• Listed in Exchange: BSE(505141)
• Brand: VIKRAM, LAMBRO
• Industry: 2/3 Wheelers

Scooters India started its commercial production under the brand name Vijai Super for the domestic market and Lambretta for the overseas market. It introduced three wheelers manufacturer under the VIKRAM/LAMBRO brand, expanding its lineup by one extra wheel.

Product Range: Scoter India stopped producing two-wheelers and focused only on creating and selling 3wheeler companies.

Manufacturing plant: The company’s manufacturing plant location in Lucknow

Scooters India Financial Parameter:

• Profit before tax: 757.99 Lakhs
• Profit of the year: (757.99) Lakhs

The ratio of Scooters

• Current Ratio: 5.30
• Debt-Equity Ratio: 7.05
• Return on Equity Ratio: 0.09
• Inventory turnover ratio: 0
• Net capital turnover ratio: 0.12
• Net profit ratio: 0.29

4. Piaggio Vehicles Pvt. Ltd

• Founded: 1999
• Headoffice: Pune
• Brand: APE
• Industry: 2/3 wheelers

Piaggio Vehicles Pvt. Ltd. Formally known as PVPL and is a leading manufacturer of commercial vehicles and a subsidiary of the Piaggio Group.

Product range: two-wheelers and three-wheelers in Diesel, Petrol, CNG, and LPG fuel variants & has also entered the Electric vehicle market

Manufacturing facilities: A manufacturing facility in Maharashtra with an installed annual production capacity of more than 3,80,000 commercial vehicles and 1,50,000 two-wheelers is located in Baramati.

3. Atul Auto Limited

• Founded: 1970
• Headquarters: Gujarat, India
• Listed in NSE, BSE Exchange: ATULAUTO, 531795 
• Brand: ATUL
• Industry: Commercial Vehicles

Atul Auto Ltd is a popular company in manufacturing three wheeler and Spare Parts in India and has a strong distribution network in Pan India and a presence in 21+ countries Internationally.

Product Range: Atul Auto has been gradually relocating into the 3Wheeler (Petrol, CNG, LPG) Alternate Fuel industry and is also involved in manufacturing Electric Autos to give competition in the market.

Manufacturing Plant: Atul Auto has a manufacturing plant in Gujarat for its 3wheeler segment and the plant has been updated to meet the BS6 norms. This Year manufacturing unit is 16,277

R&D: R&D is located in Pune and it collaborates closely with the business to develop interesting solutions that help the customer satisfaction and growth of the company. This year’s R&D Revenue expenditure is 94.68 Lakhs.

Subsidiaries: The company has 3 subsidiaries they are:

• Atul Green Automotive Private Limited is formally known as AGAPL
• Atul Greentech Private Limited is formally known as AGPL
• Khushbu Auto Finance Limited is formally known as KAFL

Atul Auto Financial Parameter:

• Sales: 14,456 Vehicle units
• Revenue From Operation: 29,621 Lakhs
• Profit before tax (PBT): (3,249) Lakhs
• Profit after tax (PAT): (2,487) Lakhs
• Turnover: 28,634 Lakhs

Atul Auto Ratio:

• Current Ratio: 1.05
• Debt-equity Ratio: 30%
• Operating Profit Margin (%): -9.07
• Net Profit Ratio: -8.69%
• Debtors Turnover (Days): 26
• Return on Net Worth (%): -8.85

2. Bajaj Auto Limited

• Founded: 1926
• Headoffice: Pune
• Industry: 2/3 wheeler
• Brand: Bajaj, Pulsar, KTM
• Listed in Exchange:NSE(BAJAJ-AUTO), BSE(532977)
• CEO: Rajiv Bajaj

Bajaj Auto Limited is a subsidiary of the Bajaj Group, Bajaj Auto offers a full line of profitable two- and three wheelers manufacturer that have the potential to dramatically grow local and global market shares and generate larger sales, revenues, and profits.

Manufacturing facilities: For three-wheeler manufacturing plant for bajaj auto is located in the Waluj plant, the capacity was 930,000 Units.

Product range: Bajaj Auto has its product range in both 2wheeler and 3wheeler segments. they have a variety of 3-wheeler products in Diesel, Petrol, CNG, and LPG fuel variants and also in Ev.

Subsidiaries: Bajaj Auto has five overseas subsidiaries, they are,

• PT Bajaj Auto Indonesia,
• Bajaj Auto International Holdings BV,
• Netherlands, Bajaj Auto (Thailand) Ltd.,
• Thailand, Bajaj Auto Spain,
• S. L. and Bajaj Do Brasil Comercio De Motocicletas LTDA

• two Indian subsidiaries
  • Chetak Technology Ltd. and
  • Bajaj Auto Consumer Finance Ltd.

Bajaj Auto has 3 wheeler market share is 61.5% in the Indian market.

Bajaj auto financial information:

• 3-wheeler Sales: 160,599
• Revenue from operation: 33,144.71 crore
• Profit before tax: 6,505.33 crore
• profit of the yearFY22: 5,018.87crore

The ratio of bajaj auto

• Debtors Turnover Ratio:15.18
• Inventory Turnover Ratio:17.86
• Current Ratio: 2.13
• Operating Profit Margin: 15.4%
• Net Profit Margin: 14.6%
• Return on Net Worth: 19.4%

1. TVS Motor Company Limited

• Founded: 1911
• Headoffice: Chennai, Tamilnadu
• Industry: 2/3Wheelers
• Brand: TVS
• Listed in Exchange:NSE(TVS MOTOR), BSE(532343)
• CEO: K.N. RADHAKRISHNAN

TVS Motor Company is well-known for producing two and three-wheels in India and also have a few of the regions where Middle East, Africa, SE Asia, the Indian subcontinent, and Latin and Central America.

Manufacturing facilities: TVS manufacturing plants are located at Hosur in Tamil Nadu, Mysuru in Karnataka, and Nalagarh in Himachal Pradesh.

Product range: TVS has manufactured Two-Wheelers, Three-Wheelers, and Parts & Accessories based on consumers, experts, and the trade which is loved by every customer.

TVS Financial position:

• Net worth: 4,822 Cr
• Sales: 31.37 lakhs
• Three Wheelers sales: 1.72 Lakhs
• Revenue from operations: 20790.51 crores
• Profit before Tax: 1213.21 crores
• Profit for the year: 893.56 crores

TVS Ratio:

• Current ratios: 0.6
• Net debt / Equity ratio: 0.3
• Return on equity:19.9%
• Inventory turnover ratio: 13.9
• Debtors turnover ratio: 22.8
• Net profit ratio: 4.3%

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