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Three Wheeler Market

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Three Wheeler Market By Type (Passenger Carrier and Goods Carrier), By Fuel Type (Petrol, Diesel, LPG, CNG, and Electric), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the global three wheeler industry. The report analyzes and declares the historical and current trends analysis of the global three wheeler industry and subsequently recommends the projected trends anticipated to be observed in the global three wheeler market during the upcoming years.

The global three wheeler market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire global three wheeler market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the global three wheeler industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the global three wheeler industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the global three wheeler market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the global three wheeler industry. The global three wheeler market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the global three wheeler sector. Key strategic developments in the global three wheeler market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global three wheeler market are appropriately highlighted in the report.

Three wheelers, as the name indicates, are the three-wheeled vehicles dedicated for short and medium commuting purposes. The unique quality of three wheelers is that they are used as public transport as well as logistics carriers. E-rickshaw is one of the widely accepted compared to other conventional types of three wheelers available in the market as the vehicle type is eco-friendly and combats noise pollution. E-rickshaw has a seating capacity of five-six people and due to its compactness; the demand for electric three wheeler type is huge in densely populated and highly congested areas.

The global three wheeler market research report delivers an acute valuation and taxonomy of the global three wheeler industry by practically splitting the market on the basis of different types, fuel types, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the global three wheeler industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the global three wheeler industry is provided for the leading economies of the world.

The global three wheeler market is segmented based on the type, fuel type, and region. The type segment bifurcates the global three wheeler industry into passenger carrier and goods carrier. By fuel type, the global market is categorized into petrol, diesel, LPG, CNG, and electric.

Some of the essential players operating in the global three wheeler market, but not restricted to include Piaggio Vehicles Private Ltd., Terra Motors Corporation, Hero Electric Vehicles Pvt. Ltd., Bajaj Auto Limited, Scooters India Ltd., Atul Auto Limited, TVS Motor Company, Mahindra & Mahindra Ltd., Lohia Auto Industries, and Xianghe Qiangsheng Electric Tricycle Factory, among others.

logoThe taxonomy of the global three wheeler industry by its scope and segmentation is as follows:

logoGlobal Three Wheeler Market: Type Segmentation Analysis

  • Passenger Carrier
  • Goods Carrier

logoGlobal Three Wheeler Market: Fuel Type Segmentation Analysis

  • Petrol
  • Diesel
  • LPG
  • CNG
  • Electric

logoGlobal Three Wheeler Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. Three Wheeler market – Type Analysis
    1. 2.1. Global Three Wheeler Market – Type Overview
    2. 2.2. Global Three Wheeler Market Share, by Type, 2018 & 2025 (USD Million)
    3. 2.3. Passenger Carrier
      1. 2.3.1. Global Passenger Carrier Three Wheeler Market, 2016-2026 (USD Million)
    4. 2.4. Goods Carrier
      1. 2.4.1. Global Goods Carrier Three Wheeler Market, 2016-2026 (USD Million)
  3. CHAPTER 3. Three Wheeler market – Fuel Type Analysis
    1. 3.1. Global Three Wheeler Market – Fuel Type Overview
    2. 3.2. Global Three Wheeler Market Share, by Fuel Type, 2018 & 2025 (USD Million)
    3. 3.3. Petrol
      1. 3.3.1. Global Petrol Three Wheeler Market, 2016-2026 (USD Million)
    4. 3.4. Diesel
      1. 3.4.1. Global Diesel Three Wheeler Market, 2016-2026 (USD Million)
    5. 3.5. LPG
      1. 3.5.1. Global LPG Three Wheeler Market, 2016-2026 (USD Million)
    6. 3.6. CNG
      1. 3.6.1. Global CNG Three Wheeler Market, 2016-2026 (USD Million)
    7. 3.7. Electric
      1. 3.7.1. Global Electric Three Wheeler Market, 2016-2026 (USD Million)
  4. CHAPTER 4. Three Wheeler market – Regional Analysis
    1. 4.1. Global Three Wheeler Market Regional Overview
    2. 4.2. Global Three Wheeler Market Share, by Region, 2018 & 2025 (Value)
    3. 4.3. North America
      1. 4.3.1. North America Three Wheeler Market size and forecast, 2016-2026
      2. 4.3.2. North America Three Wheeler Market, by Country, 2018 & 2025 (USD Million)
      3. 4.3.3. North America Three Wheeler Market, by Type, 2016-2026
        1. 4.3.3.1. North America Three Wheeler Market, by Type, 2016-2026 (USD Million)
      4. 4.3.4. North America Three Wheeler Market, by Fuel Type, 2016-2026
        1. 4.3.4.1. North America Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
      5. 4.3.5. U.S.
        1. 4.3.5.1. U.S. Market size and forecast, 2016-2026 (USD Million)
      6. 4.3.6. Canada
        1. 4.3.6.1. Canada Market size and forecast, 2016-2026 (USD Million)
    4. 4.4. Europe
      1. 4.4.1. Europe Three Wheeler Market size and forecast, 2016-2026
      2. 4.4.2. Europe Three Wheeler Market, by Country, 2018 & 2025 (USD Million)
      3. 4.4.3. Europe Three Wheeler Market, by Type, 2016-2026
        1. 4.4.3.1. Europe Three Wheeler Market, by Type, 2016-2026 (USD Million)
      4. 4.4.4. Europe Three Wheeler Market, by Fuel Type, 2016-2026
        1. 4.4.4.1. Europe Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
      5. 4.4.5. Germany
        1. 4.4.5.1. Germany Market size and forecast, 2016-2026 (USD Million)
      6. 4.4.6. France
        1. 4.4.6.1. France Market size and forecast, 2016-2026 (USD Million)
      7. 4.4.7. U.K.
        1. 4.4.7.1. U.K. Market size and forecast, 2016-2026 (USD Million)
      8. 4.4.8. Italy
        1. 4.4.8.1. Italy Market size and forecast, 2016-2026 (USD Million)
      9. 4.4.9. Spain
        1. 4.4.9.1. Spain Market size and forecast, 2016-2026 (USD Million)
      10. 4.4.10. Rest of Europe
        1. 4.4.10.1. Rest of Europe Market size and forecast, 2016-2026 (USD Million)
    5. 4.5. Asia Pacific
      1. 4.5.1. Asia Pacific Three Wheeler Market size and forecast, 2016-2026
      2. 4.5.2. Asia Pacific Three Wheeler Market, by Country, 2018 & 2025 (USD Million)
      3. 4.5.3. Asia Pacific Three Wheeler Market, by Type, 2016-2026
        1. 4.5.3.1. Asia Pacific Three Wheeler Market, by Type, 2016-2026 (USD Million)
      4. 4.5.4. Asia Pacific Three Wheeler Market, by Fuel Type, 2016-2026
        1. 4.5.4.1. Asia Pacific Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
      5. 4.5.5. China
        1. 4.5.5.1. China Market size and forecast, 2016-2026 (USD Million)
      6. 4.5.6. Japan
        1. 4.5.6.1. Japan Market size and forecast, 2016-2026 (USD Million)
      7. 4.5.7. India
        1. 4.5.7.1. India Market size and forecast, 2016-2026 (USD Million)
      8. 4.5.8. South Korea
        1. 4.5.8.1. South Korea Market size and forecast, 2016-2026 (USD Million)
      9. 4.5.9. South-East Asia
        1. 4.5.9.1. South-East Asia Market size and forecast, 2016-2026 (USD Million)
      10. 4.5.10. Rest of Asia Pacific
        1. 4.5.10.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Million)
    6. 4.6. Latin America
      1. 4.6.1. Latin America Three Wheeler Market size and forecast, 2016-2026
      2. 4.6.2. Latin America Three Wheeler Market, by Country, 2018 & 2025 (USD Million)
      3. 4.6.3. Latin America Three Wheeler Market, by Type, 2016-2026
        1. 4.6.3.1. Latin America Three Wheeler Market, by Type, 2016-2026 (USD Million)
      4. 4.6.4. Latin America Three Wheeler Market, by Fuel Type, 2016-2026
        1. 4.6.4.1. Latin America Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
      5. 4.6.5. Brazil
        1. 4.6.5.1. Brazil Market size and forecast, 2016-2026 (USD Million)
      6. 4.6.6. Mexico
        1. 4.6.6.1. Mexico Market size and forecast, 2016-2026 (USD Million)
      7. 4.6.7. Rest of Latin America
        1. 4.6.7.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Million)
    7. 4.7. The Middle-East and Africa
      1. 4.7.1. The Middle-East and Africa Three Wheeler Market size and forecast, 2016-2026
      2. 4.7.2. The Middle-East and Africa Three Wheeler Market, by Country, 2018 & 2025 (USD Million)
      3. 4.7.3. The Middle-East and Africa Three Wheeler Market, by Type, 2016-2026
        1. 4.7.3.1. The Middle-East and Africa Three Wheeler Market, by Type, 2016-2026 (USD Million)
      4. 4.7.4. The Middle-East and Africa Three Wheeler Market, by Fuel Type, 2016-2026
        1. 4.7.4.1. The Middle-East and Africa Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
      5. 4.7.5. GCC Countries
        1. 4.7.5.1. GCC Countries Market size and forecast, 2016-2026 (USD Million)
      6. 4.7.6. South Africa
        1. 4.7.6.1. South Africa Market size and forecast, 2016-2026 (USD Million)
      7. 4.7.7. Rest of Middle-East Africa
        1. 4.7.7.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Million)
  5. CHAPTER 5. Three Wheeler market – Competitive Landscape
    1. 5.1. Competitor Market Share – Revenue
    2. 5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 5.3. Strategic Development
      1. 5.3.1. Acquisitions and Mergers
      2. 5.3.2. New Products
      3. 5.3.3. Research & Development Activities
  6. CHAPTER 6. Company Profiles
    1. 6.1. Terra Motors Corporation
      1. 6.1.1. Company Overview
      2. 6.1.2. Terra Motors Corporation Revenue and Gross Margin
      3. 6.1.3. Product portfolio
      4. 6.1.4. Recent initiatives
    2. 6.2. Piaggio Vehicles Private Ltd.
      1. 6.2.1. Company Overview
      2. 6.2.2. Piaggio Vehicles Private Ltd. Revenue and Gross Margin
      3. 6.2.3. Product portfolio
      4. 6.2.4. Recent initiatives
    3. 6.3. Hero Electric Vehicles Pvt. Ltd.
      1. 6.3.1. Company Overview
      2. 6.3.2. Hero Electric Vehicles Pvt. Ltd. Revenue and Gross Margin
      3. 6.3.3. Product portfolio
      4. 6.3.4. Recent initiatives
    4. 6.4. Bajaj Auto Limited
      1. 6.4.1. Company Overview
      2. 6.4.2. Bajaj Auto Limited Revenue and Gross Margin
      3. 6.4.3. Product portfolio
      4. 6.4.4. Recent initiatives
    5. 6.5. Scooters India Ltd.
      1. 6.5.1. Company Overview
      2. 6.5.2. Scooters India Ltd. Revenue and Gross Margin
      3. 6.5.3. Product portfolio
      4. 6.5.4. Recent initiatives
    6. 6.6. Atul Auto Limited
      1. 6.6.1. Company Overview
      2. 6.6.2. Atul Auto Limited Revenue and Gross Margin
      3. 6.6.3. Product portfolio
      4. 6.6.4. Recent initiatives
    7. 6.7. TVS Motor Company
      1. 6.7.1. Company Overview
      2. 6.7.2. TVS Motor Company Revenue and Gross Margin
      3. 6.7.3. Product portfolio
      4. 6.7.4. Recent initiatives
    8. 6.8. Mahindra & Mahindra Ltd.
      1. 6.8.1. Company Overview
      2. 6.8.2. Mahindra & Mahindra Ltd. Revenue and Gross Margin
      3. 6.8.3. Product portfolio
      4. 6.8.4. Recent initiatives
    9. 6.9. Lohia Auto Industries
      1. 6.9.1. Company Overview
      2. 6.9.2. Lohia Auto Industries Revenue and Gross Margin
      3. 6.9.3. Product portfolio
      4. 6.9.4. Recent initiatives
    10. 6.10. Xianghe Qiangsheng Electric Tricycle Factory
      1. 6.10.1. Company Overview
      2. 6.10.2. Xianghe Qiangsheng Electric Tricycle Factory Revenue and Gross Margin
      3. 6.10.3. Product portfolio
      4. 6.10.4. Recent initiatives
  7. CHAPTER 7. Three Wheeler — Industry Analysis
    1. 7.1. Three Wheeler Market – Key Trends
      1. 7.1.1. Market Drivers
      2. 7.1.2. Market Restraints
      3. 7.1.3. Market Opportunities
    2. 7.2. Value Chain Analysis
    3. 7.3. Technology Roadmap and Timeline
    4. 7.4. Three Wheeler Market – Attractiveness Analysis
      1. 7.4.1. By Type
      2. 7.4.2. By Fuel Type
      3. 7.4.3. By Region
  8. CHAPTER 8. Marketing Strategy Analysis, Distributors
    1. 8.1. Marketing Channel
    2. 8.2. Direct Marketing
    3. 8.3. Indirect Marketing
    4. 8.4. Marketing Channel Development Trend
    5. 8.5. Economic/Political Environmental Change
  9. CHAPTER 9. Report Conclusion
  10. CHAPTER 10. Research Approach & Methodology
    1. 10.1. Report Description
    2. 10.2. Research Scope
    3. 10.3. Research Methodology
      1. 10.3.1. Secondary Research
      2. 10.3.2. Primary Research
      3. 10.3.3. Models
        1. 10.3.3.1. Company Share Analysis Model
        2. 10.3.3.2. Revenue Based Modeling
        3. 10.3.3.3. Research Limitations

        List of Figures

        FIG. 1 Global Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 2 Global Three Wheeler Market Share, by Type, 2018 & 2025 (USD Million)
        FIG. 3 Global Passenger Carrier Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 4 Global Goods Carrier Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 5 Global Three Wheeler Market Share, by Fuel Type, 2018 & 2025 (USD Million)
        FIG. 6 Global Petrol Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 7 Global Diesel Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 8 Global LPG Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 9 Global CNG Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 10 Global Electric Three Wheeler Market, 2016-2026 (USD Million)
        FIG. 11 Global Three Wheeler Market Share, by Region, 2018 & 2025
        FIG. 12 North America Three Wheeler Market, 2016-2026
        FIG. 13 U.S. Three Wheeler Market, 2016-2026
        FIG. 14 Canada Three Wheeler Market, 2016-2026
        FIG. 15 Europe Three Wheeler Market, 2016-2026
        FIG. 16 Germany Three Wheeler Market, 2016-2026
        FIG. 17 France Three Wheeler Market, 2016-2026
        FIG. 18 U.K. Three Wheeler Market, 2016-2026
        FIG. 19 Italy Three Wheeler Market, 2016-2026
        FIG. 20 Spain Three Wheeler Market, 2016-2026
        FIG. 21 Rest of Europe Three Wheeler Market, 2016-2026
        FIG. 22 Asia Pacific Three Wheeler Market, 2016-2026
        FIG. 23 China Three Wheeler Market, 2016-2026
        FIG. 24 Japan Three Wheeler Market, 2016-2026
        FIG. 25 India Three Wheeler Market, 2016-2026
        FIG. 26 South  Korea Three Wheeler Market, 2016-2026
        FIG. 27 South-East Asia Three Wheeler Market, 2016-2026
        FIG. 28 Rest of Asia Pacific Three Wheeler Market, 2016-2026
        FIG. 29 Latin America Three Wheeler Market, 2016-2026
        FIG. 30 Brazil Three Wheeler Market, 2016-2026
        FIG. 31 Mexico Three Wheeler Market, 2016-2026
        FIG. 32 Rest of Latin America Three Wheeler Market, 2016-2026
        FIG. 33 The Middle-East and Africa Three Wheeler Market, 2016-2026
        FIG. 34 GCC Countries Three Wheeler Market, 2016-2026
        FIG. 35 South Africa Three Wheeler Market, 2016-2026
        FIG. 36 Rest of Middle-East Africa Three Wheeler Market, 2016-2026
        FIG. 37 Competitor Market Share – Revenue
        FIG. 38 Terra Motors Corporation Revenue and Growth Rate
        FIG. 39 Terra Motors Corporation Market Share
        FIG. 40 Piaggio Vehicles Private Ltd. Revenue and Growth Rate
        FIG. 41 Piaggio Vehicles Private Ltd. Market Share
        FIG. 42 Hero Electric Vehicles Pvt. Ltd. Revenue and Growth Rate
        FIG. 43 Hero Electric Vehicles Pvt. Ltd. Market Share
        FIG. 44 Bajaj Auto Limited Revenue and Growth Rate
        FIG. 45 Bajaj Auto Limited Market Share
        FIG. 46 Scooters India Ltd. Revenue and Growth Rate
        FIG. 47 Scooters India Ltd. Market Share
        FIG. 48 Atul Auto Limited Revenue and Growth Rate
        FIG. 49 Atul Auto Limited Market Share
        FIG. 50 TVS Motor Company Revenue and Growth Rate
        FIG. 51 TVS Motor Company Market Share
        FIG. 52 Mahindra & Mahindra Ltd. Revenue and Growth Rate
        FIG. 53 Mahindra & Mahindra Ltd. Market Share
        FIG. 54 Lohia Auto Industries Revenue and Growth Rate
        FIG. 55 Lohia Auto Industries Market Share
        FIG. 56 Xianghe Qiangsheng Electric Tricycle Factory Revenue and Growth Rate
        FIG. 57 Xianghe Qiangsheng Electric Tricycle Factory Market Share
        FIG. 58 Market Dynamics
        FIG. 59 Global Three Wheeler – Value Chain Analysis
        FIG. 60 Technology Roadmap and Timeline
        FIG. 61 Market Attractiveness Analysis – By Type
        FIG. 62 Market Attractiveness Analysis – By Fuel Type
        FIG. 63 Market Attractiveness Analysis – By Region
        FIG. 64 Market Channel
        FIG. 65 Marketing Channel Development Trend
        FIG. 66 Growth in World Gross Product, 2008-2018
        

        List of Tables

        TABLE 1 Global Three Wheeler Market, 2018 & 2025 (USD Million)
        TABLE 2 Global Three Wheeler market, by Type, 2016-2026 (USD Million)
        TABLE 3 Global Three Wheeler market, by Fuel Type, 2016-2026 (USD Million)
        TABLE 4 Global Three Wheeler market, by Region, 2016-2026 (USD Million)
        TABLE 5 North America Three Wheeler Market, by Type, 2016-2026 (USD Million)
        TABLE 6 North America Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
        TABLE 7 Europe Three Wheeler Market, by Type, 2016-2026 (USD Million)
        TABLE 8 Europe Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
        TABLE 9 Asia Pacific Three Wheeler Market, by Type, 2016-2026 (USD Million)
        TABLE 10 Asia Pacific Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
        TABLE 11 Latin America Three Wheeler Market, by Type, 2016-2026 (USD Million)
        TABLE 12 Latin America Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
        TABLE 13 The Middle-East and Africa Three Wheeler Market, by Type, 2016-2026 (USD Million)
        TABLE 14 The Middle-East and Africa Three Wheeler Market, by Fuel Type, 2016-2026 (USD Million)
        TABLE 15 Global Three Wheeler Market - Company Revenue Analysis 2016-2019 (USD Million)
        TABLE 16 Global Three Wheeler Market - Company Revenue Share Analysis 2016-2019(%)
        TABLE 17 Acquisitions and Mergers
        TABLE 18 New Product/Service Launch
        TABLE 19 Research & Development Activities
        TABLE 20 Market Drivers
        TABLE 21 Market Restraints
        TABLE 22 Market Opportunities
        

Industry Major Market Players

  •  Piaggio Vehicles Private Ltd.
  •  Terra Motors Corporation
  •  Hero Electric Vehicles Pvt. Ltd.
  •  Bajaj Auto Limited
  •  Scooters India Ltd.
  •  Atul Auto Limited
  •  TVS Motor Company
  •  Mahindra & Mahindra Ltd.
  •  Lohia Auto Industries
  •  Xianghe Qiangsheng Electric Tricycle Factory

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Three Wheeler Market.
According to Facts and Factors research report, the global Three Wheeler Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Three Wheeler Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Three Wheeler Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Three Wheeler Market in North America over coming decade.
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