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%.
