Press release
2028, India E-Rickshaw Market Growth, Size, and Trends | Terra Motors, Hero Electric, and Mahindra Electric
MarkNtel Advisors, a prominent market research firm, has recently published a report titled "India E-Rickshaw Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive study explores into the industry, offering an in-depth examination of the India E-Rickshaw market, encompassing research findings, size, market share, trends, and growth projections.
Furthermore, the report encompasses competitor and regional analyses, spotlighting the most recent developments in the market.
Report Historical Data:
> Historical Data: 2018-21
> Base Year: 2022
> Forecast Period: 2023-28
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India E-Rickshaw Market Overview:
India E-Rickshaw Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2023-28. The growth of the market was minimized due to the sudden dip in demand for public transportation owing to lockdowns & curfews during the pandemic. However, the automotive industry spotted a massive surge in demand for electric rickshaws in post-pandemic, aided by government policies, incentives, environmental concerns, and the availability of cost-friendly models suitable for commuting.
What are the top listed India E-Rickshaw Companies in the market?
* Terra Motors Corporation
* Hero Electric Vehicles Pvt. Ltd.
* Kinetic Green Energy & Power Solutions Ltd.
* Lohia Auto Industries
* ATUL Auto Ltd.
* Mahindra Electric Mobility
* Gayam Motors
* Vani Electric
* Saera Electric Auto Pvt. Ltd.
What Factor Driving the India E-Rickshaw Industry Growth in the coming years?
Reasonable Prices Paired with the Constant Endorsement of Electric Vehicles by the Government
The beginning cost of an electric-rickshaw is INR0.6-1.1 lakhs, whereas the cost of ICE-based autorickshaw is INR1.5-3 lakhs, which is considered the major socio-economic benefit. Besides, the running and maintenance cost for such electric three-vehicle is lower per kilometer compared to ICE-based counterparts, thereby providing more employment opportunities to [read more - https://marknteladvisors.com/research-library/india-e-rickshaw-market.html ]
What segmentation included in India E-Rickshaw market?
By Type
* Passenger Carrier
* Load Carrier
* By Battery
* Lead-Acid
* Lithium-Ion
By Battery Capacity
* Less than 100 Ah
* Greater than 100 Ah
By Transmission Mode
* Geared
* Gearless
Separation By Region
* North
* South
* West
* East
* North East
In case you missed it, we are currently revising our reports. Click on the "Request Customization Report" button to get the latest research data with forecast for years 2024 to 2029, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report. [Visit - https://www.marknteladvisors.com/query/request-customization/india-e-rickshaw-market.html ]
Reason to Buy This Report:
> In-depth analysis covering India E-Rickshaw Market Size, Share, Growth, Trends, and Future Outlook.
> Focus on Industry Dynamics, Demand, and Development Opportunities.
> Incorporates Latest Investment and Industry Reports for a comprehensive view.
> Accurate Forecast data to guide informed decision-making.
> Presented in English for clear and concise understanding.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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