A Study On Impact Of Electric 3-Wheeler Aftermarket On Non-Electric 3-Wheeler Aftermarket

Abstract

this study examines the impact of electric 3-wheeled vehicles aftermarket, on the aftermarket of non-electric 3-wheeled vehicles, which includes vehicles powered by petrol, diesel, CNG, and LPG. As electric vehicles (EVs) gain popularity due to their environmental benefits and government incentives, there is a growing concern about how their increasing presence may affect the traditional non-electric vehicle aftermarket. The analysis explores several key factors, including changes in demand for spare parts, maintenance services, and ancillary products in the aftermarket. It also investigates potential shifts in the supply chain, profitability and business models of aftermarket service providers. This study aims to explore and analyse the potential consequences of the growing electric 3-wheeler market on the established non-electric 3-wheeler vehicle aftermarket. Understanding these impacts is essential for stakeholders, including manufacturers, service providers, consumers, and policymakers, as they navigate the evolving automotive landscape and make informed decisions. The practical study and analysis is also done for the stake holders.