Press release
India Electric Rickshaw Market Size Worth USD 3.1 Billion by 2032
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 9.63% (2024-2032)
Market Size in 2023: USD 1.3 Billion
Market Size in 2032: USD 3.1 Billion
The India electric rickshaw market is rapidly expanding due to eco-friendly transportation demand and government incentives. According to the latest report by IMARC Group, the market size reached USD 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.63% during 2024-2032.
India Electric Rickshaw Market Trends and Drivers:
The India electric rickshaw market is experiencing growth due to the rising demand for cost-effective, eco-friendly transportation solutions in urban and semi-urban areas. Besides this, a more environmentally friendly and cost-effective option to traditional auto-rickshaws, electric rickshaws, or e-rickshaws is becoming highly popular.
Additionally, government initiatives promoting electric mobility, such as subsidies, tax benefits, and policies like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, are significantly contributing to the expansion of the India electric rickshaw market. In line with these factors, the rising fuel prices and increasing awareness of air pollution are further driving the shift toward e-rickshaws.
Key trends in the India electric rickshaw market include technological advancements in battery technology, such as the adoption of lithium-ion batteries, which offer longer lifespans, faster charging, and improved efficiency compared to lead-acid batteries. Furthermore, manufacturers are also focusing on developing lightweight and durable e-rickshaw models to enhance performance and passenger capacity.
In addition to these factors, the growing penetration of ride-sharing and on-demand mobility services is creating new opportunities for e-rickshaws, particularly in last-mile connectivity. Moreover, the emergence of organized players and an expanding network of charging infrastructure are supporting the widespread adoption of e-rickshaws. The market is also experiencing increased investments in the development of smart and connected e-rickshaw systems, enabling real-time tracking and optimized fleet management. Consequently, the rising demand for sustainable urban mobility solutions is expected to drive the growth of the India electric rickshaw market in the foreseeable future.
Request for a sample copy of this report: https://www.imarcgroup.com/india-electric-rickshaw-market/requestsample
India Electric Rickshaw Market Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Motor Power:
• 1500 W
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
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5978&flag=C
Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: 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.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Electric Rickshaw Market Size Worth USD 3.1 Billion by 2032 here
News-ID: 3820062 • Views: …
More Releases from IMARC Group
Flexible Printed Circuits Manufacturing Plant Cost 2025: Industry Trends, Unit S …
Setting up a flexible printed circuits manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Flexible Printed Circuits Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
Needle Manufacturing Plant 2025: Project Report, Business Plan, Raw Materials, a …
Setting up a needle manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Needle Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a needle manufacturing plant, covering…
Edible Oil Manufacturing Plant Setup Cost 2025: CapEx/OpEx Analysis with Profita …
Setting up an edible oil manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Edible Oil Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing an edible oil…
Copper Alloys Manufacturing Plant Setup Cost 2025: Layout, Machinery, Raw Materi …
Setting up a copper alloys manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Copper Alloys Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a copper alloys…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
