Leading E-Rickshaw Manufacturers in India: Latest Industry Report by 2023-2028

IMARC Group has recently released a new research study titled "India E-Rickshaw Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The India e-rickshaw market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.7% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

E-Rickshaw Manufacture/Companies in India: 

The report analyzes all major players in the India e-rickshaw market including Adapt Motors Private Limited, ATUL Auto Limited, CityLife EV, E-Ashwa Automotive Private Limited, Goenka Electric Motor Vehicles Private Limited, Jezza Motors (Vani Electric Vehicles Pvt. Ltd), Kinetic Green Energy & Power Solutions Ltd, Lohia Auto Industries, Mini Metro EV LLP, Saera Electric Auto Private Limited, Terra Motors India Corp., Thukral Electric Bikes and Udaan E Rickshaw.

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Market Insight:

An electric rickshaw (E-rickshaw) is a three-wheeled vehicle powered by an electric motor whose traction energy is explicitly supplied by rechargeable batteries. Commonly used as a mode of transportation, it is a sustainable alternative to traditional petrol or diesel-powered rickshaws. E-rickshaws are made using a lightweight frame, and some primary components include a motor, battery, throttle, harness, controller, and charging system. The electrical energy stored in the battery is converted into mechanical energy to drive the motor. As compared to traditional rickshaws, electric rickshaws are cost-effective, require less maintenance, and reduce emissions, making them a much cleaner and environmentally friendly alternative. Currently, there are two types of product variants available, including battery-operated and pedal-assisted.

E-Rickshaw Market Growth Drivers:

Rising environmental awareness has considerably surged the demand for clean and eco-friendly transportation options, such as electric rickshaws, which represent one of the primary factors bolstering the market growth in the country. Additionally, the Government of India (GoI) is actively working to promote the adoption of electric rickshaws and is providing various incentives and subsidies, which, in turn, is accelerating the market growth. Moreover, the escalating demand for last-mile connectivity in urban areas, rapid technological advancements, and surging fuel prices are providing an impetus to the market growth.

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Motor Power:

• 1500W

Breakup by Battery Capacity:

• 101 Ah

Breakup by Battery Type:

• Li-ion Battery
• Lead Acid Battery

Breakup by Sales Channel:

• Organised
• Unorganised

Breakup by End User:

• Passenger Carrier
• Load Carrier

Breakup by Region:

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

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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