TECHGuru

  According to the report, the global  three-wheeler vehicle market  is projected to reach US$ 14.7 Bn by 2031, expanding at a CAGR of 3.29% during the forecast period. Numerous companies in eCommerce, pharma, textiles, and retail, FMCG, and other utility segments, such as dairy, poultry, and gas, are preferring three wheelers as a last mile connectivity solution, as they offer excellent maneuverability at an affordable price. Furthermore, several players are highly keen to convert their last-mile delivery fleet to electric due to their added benefits. Grab an Exclusive PDF Sample for Industrial Insights and business Intelligence - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27314 The increase in the adoption of electric vehicles is further boosting the demand for electric three-wheelers as well. According to Mahesh Babu, MD & CEO, Mahindra Electric, demand for last-mile delivery is significantly high ac...

  Opening Up of Public Places Boosts Market Growth Post Coronavirus Outbreak Since the coronavirus outbreak has spelled gloom for the global automotive industry, companies in the three-wheeler vehicle market are adopting innovative strategies to stay financially afloat. They are drawing analysis to understand their high-risk clients and customers where recovery of debt may be an issue. Manufacturers are rethinking supply chain networks to reduce their dependence on China and other countries for raw materials & other components. Due to the COVID-19 pandemic, the three-wheeler vehicle market witnessed a reduced requirement for last-mile commute. Nevertheless, pandemic related restrictions are being minimized, and this is anticipated to increase revenue flow in the global economy. Opening up of schools, offices, and other public places in India is helping market stakeholders to leverage incremental opportunities in the region. As such, there is a need for funding in the market la...