MarkNtel Advisors analyses the growth rate of the India E-Rickshaw market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the India E-Rickshaw market, helping them make informed decisions.

Market Outlook – 2024-2030:

The India E-Rickshaw Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. 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.

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Key Company Profiles

This report explores recent significant developments in the India E-Rickshaw Market, focusing on the leading companies and their innovative profiles. The major players in the India E-Rickshaw Market, featured in this report, include:

  • Terra Motors Corporation
  • Kinetic Green Energy & Power Solutions Ltd.
  • Lohia Auto Industries
  • ATUL Auto Ltd.
  • Mahindra Electric Mobility
  • Gayam Motors
  • Jezza Motors
  • Saera Electric Auto Pvt. Ltd.
  • Euler Motors

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the India E-Rickshaw Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type

  • Passenger Carrier- Market Size & Forecast 2019-2030, USD Million & Thousand
  • Load Carrier- Market Size & Forecast 2019-2030, USD Million & Thousand

The passenger carrier segment is predicted to generate higher revenue during the anticipated time frame.  Due to rapid urbanization, the number of passenger carriers is expanding on the country’s roads driving the demand for last-mile transportation and cost-effective solutions.

By Battery

  • Lead-Acid- Market Size & Forecast 2019-2030, USD Million & Thousand
  • Lithium-Ion- Market Size & Forecast 2019-2030, USD Million & Thousand

By Battery Capacity

  • Less than 100 Ah- Market Size & Forecast 2019-2030, USD Million & Thousand
  • Greater than 100 Ah- Market Size & Forecast 2019-2030, USD Million & Thousand

By Transmission Mode

  • Geared- Market Size & Forecast 2019-2030, USD Million & Thousand
  • Gearless- Market Size & Forecast 2019-2030, USD Million & Thousand

By Region

  • North
  • South
  • West
  • East
  • North East

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What are the primary factors driving the growth of the India E-Rickshaw market?

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 cycle-rickshaw drivers.

Further, the numerous state electric vehicle regulatory frameworks and policies like National Urban Livelihood Mission 2013, Pradhan Mantri Mudra Yojna, Smart City Mission 2015, and Faster Adaptation of Manufacturing of Electric Vehicles (FAME I and II) provide continual measures in the forms of loans and direct subsidies and environmental policies. These initiatives are directly influencing the growth of the industry by pushing the adoption of such vehicles further in the coming years.

Key Questions Addressed:

  1. Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
  2. Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
  3. Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
  4. Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
  5. Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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