Target market For India Electric Rickshaw | Exclusive Report 2022-2027

Check Out What's New in the India Electric Rickshaw Industry

According to IMARC Group's latest report, titled "India Electric Rickshaw Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the India electric rickshaw market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2027, exhibiting a growth rate (CAGR) of 11.34% during 2022-2027. 

Electric Rickshaw Market Outlook For Indian Market: 

An electric rickshaw refers to a battery-operated three-wheeler with a better economy and lower operational as well as maintenance costs. It comprises of a harness, motor, controller, throttle, etc. An electric rickshaw is eco-friendly as it does not have tailpipes and emits toxic pollutants during operation. In line with this, it is non-conducting, lightweight, strong, highly durable, resistant to fire, etc. As compared to its counterparts, including manually pulled rickshaws, an electric rickshaw is more comfortable to drive. Furthermore, it ensures a smooth driving experience on busy and congested roads while producing fewer vibrations and noise.

Explore Full Report Description At: https://www.imarcgroup.com/india-electric-rickshaw-market

Future of E Rickshaw in India:

The increasing consumer concerns towards environmental pollution, on account of the widespread adoption of diesel-fueled vehicles, are primarily driving the India electric rickshaw market. Additionally, the launch of various favorable policies by government bodies in the country to promote the utilization of electric vehicles (EVs) in public transportation and fleets is also catalyzing the market growth. Besides this, the affordable price of e-rickshaws and their maneuverability across urban roads of India are propelling the product demand.

Moreover, the rising investments in R&D activities aimed at developing improved variants with powerful motors are acting as significant growth-inducing factors. Apart from this, the growing need for cost-effective first and last-mile transportation is anticipated to fuel the India electric rickshaw market over the forecasted period.

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Market Segmentation of the India Electric Rickshaw Market:

The report has segmented the India e-rickshaw market on the basis of motor power, battery capacity, battery type, sales channel, end user and region.

Based on Motor Power:

• 1500W

Based on Battery Capacity:

• 101 Ah

Based on Battery Type:

• Li-ion Battery
• Lead Acid Battery

Based on Sales Channel:

• Organised
• Unorganised

Based on End User:

• Passenger Carrier
• Load Carrier

Based on Region:

• North India
• West and Central India
• South India
• East India

You can buy this report directly (Exclusive offer on this report): https://www.imarcgroup.com/checkout?id=5978&method=1

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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