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Bye-bye to the tuk-tuk? Three-wheelers lose luster in Asia

Bajaj Auto's three-wheeled vehicles zip around the streets of Sri Lanka.

MUMBAI/JAKARTA -- Three-wheeled vehicle production appears to be on the wane in Asia as four-wheeled cars and motorcycles become the rides of choice, and because of environmental concerns.

     India's Crisil Research projects that sales of cargo-carrying three-wheelers will decrease in the long run due to the rise in use of four-wheeled vehicles. But it says that sales of cargo-carrying three-wheelers in India will continue to slightly increase until fiscal 2018, and that sales of passenger-carrying three-wheelers will have an average annual growth of 8-10%.

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