Press release
India Electric Rickshaw (E-Rickshaw) Market Outlook, Companies Analysis, Future Demand and Forecast 2023-2028
India Electric Rickshaw (E-Rickshaw) Market Outlook, Companies Analysis, Future Demand and Forecast 2023-2028
Year considered to estimate the market size:
• Base year of the analysis: 2022
• Historical period: 2017-2022
• Forecast period: 2023-2028
Electric rickshaw refers to battery-operated three-wheelers vehicles. They comprise of a motor, harness, controller, battery, and throttle. Electric rickshaw variants have lower operational and maintenance costs and are strong, lightweight, non-conducting, and highly durable. They are extremely eco-friendly as they do not emit toxic gasses and pollutants into the air during operation. Electric rickshaw models are cheaper and more comfortable to drive as compared to manually pulled rickshaws. Consequently, they are in extensively utilized in India.
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What are the recent trends in the India E-Rickshaw industry?
The rising fuel prices and the escalating need for cost-effective first and last-mile transportation, on account of the expanding urban population, are primarily driving the India electric rickshaw market. In addition to this, the elevating concerns about environmental pollution and the launch of various favorable policies by government bodies aimed at promoting electric vehicles (EVs) in public transportation are acting as significant growth-inducing factors.
In line with this, the introduction of several government incentives for the manufacturers of electric vehicles (EVs), such as Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II), is also positively influencing the market across the country. Moreover, the growing ban on fuel-powered vehicles and the emerging trend of shared mobility that help reduce traffic congestion and transportation costs are further stimulating the market growth
Besides this, the inflating investments by leading market players in research and development (R&D) activities to introduce advanced e-rickshaws with powerful motors and the increasing usage of fiber-reinforced plastic (FRP) technology that enhance resistance and strength to deformation are expected to propel the India electric rickshaw market over the forecasted period.
Electric Rickshaw Companies In India:
• 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
• Udaan E Rickshaw
India Electric Rickshaw (E-Rickshaw) Market Segmentation:
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.
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
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=5978&flag=C
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.
You Might Also Read News:
https://pune.media/electric-rickshaw-market-size-in-india-to-reach-us-2-3-billion-by-2028-latest-research-report-by-imarc-group/
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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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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