Press release
India Electric Three-Wheeler Market to Grow at CAGR of 15.8% During 2023-2028
According to the latest report by IMARC Group, titled "India Electric Three-wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the India electric three-wheeler market size reached US$ 890 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,156 Million by 2028, exhibiting a growth rate (CAGR) of 15.8% during 2023-2028. Electric three-wheelers, or e-rickshaws, are eco-friendly modes of transportation that operate on high torque electric motors and long-lasting, durable batteries. They consist of a harness, controller, motor, batteries, and throttle. Electric three-wheelers are widely used for commuting passengers within the city and transporting goods and services from one place to another. They are powered by Li-ion or lead-acid batteries that help improve urban air quality by reducing total greenhouse gas (GHG) emissions. As compared to fuel-power vehicles, electric three-wheelers have a more compact design, are cost-effective, and offer a noise-free travel experience.Request Free Sample Report: https://www.imarcgroup.com/india-electric-three-wheeler-market/requestsample
India Electric Three-wheeler Market Trends:
The rising environmental concerns have resulted in an increasing consumer inclination towards sustainable modes of transportation, such as electric three-wheelers, over conventional vehicles, which is favoring the market growth in India. Furthermore, the initiatives undertaken by the Government of India (GoI) to control pollution and reduce greenhouse gas (GHG) emissions from fuel-powered vehicles are supporting the market growth. In addition to this, the government is organizing various awareness programs and offering subsidies and financial aid for the purchase of electric vehicles (EVs), which is propelling the market growth. Moreover, the rising popularity of shared mobility due to inflating transportation fuel prices that also assist in reducing traffic congestion and commuting expenses is fueling the market growth. Other factors, including the extensive research and development (R&D) activities and the rising investments in the upgradation of public charging infrastructures for electric three-wheelers, are anticipated to drive the market toward growth across the country.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-electric-three-wheeler-market
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players being:
Mahindra Electric Mobility Limited, TVS Motors, Bajaj Auto Limited, Kinetic Green, Piaggio, Lohia Auto (The Lohia Group of Industries), Saera Electric Auto, Altigreen Propulsion Labs, Terra Motors India and Ceeon India.
Breakup by Vehicle Type:
• Passenger Carrier
• Load Carrier
Breakup by Battery Type:
• Lithium Ion
• Lead Acid
Breakup by Drive Type:
• Hub Type
• Chassis Mounted
Breakup by Motor Type:
• BLDC Motor (Brushless DC Motor)
• PMSM (Permanent Magnet Synchronous Motor)
Breakup by Power Output:
• 10 kW
Breakup by Voltage Capacity:
• 48 - 59V
• 60 - 72V
• 73 - 96V
• Above 96V
Breakup by Region:
• North India
• East India
• West and Central India
• South India
Key highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Reports of IMARC Group:
• https://www.digitaljournal.com/pr/gene-expression-analysis-market-trends-industry-overview-growth-rate-10-79-demand-and-research-report-2022-2027
• https://www.digitaljournal.com/pr/hyperspectral-imaging-systems-market-size-industry-overview-growth-rate-17-74-demand-and-analysis-report-2022-2027
• https://www.digitaljournal.com/pr/teeth-whitening-products-market-demand-industry-share-size-growth-overview-and-analysis-report-2022-2027
• https://www.digitaljournal.com/pr/nanofibers-market-analysis-report-2022-2027-industry-size-top-companies-share-growth-rate-25-79-opportunity-and-forecast
• https://www.digitaljournal.com/pr/substation-automation-market-report-2022-2027-industry-share-size-growth-insight-demand-and-forecast
• https://www.digitaljournal.com/pr/tissue-diagnostics-market-report-2022-2027-industry-demand-growth-analysis-top-companies-share-size-and-forecast
• https://www.digitaljournal.com/pr/axial-flow-pump-market-size-industry-share-top-leading-companies-growth-analysis-and-report-2022-2027
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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