The report published “Indian Electric Rickshaw (E-Rickshaw) Market Insights to 2025“ – provides a comprehensive analysis of the electric rickshaw market across the country. The report focuses on overall market size for e-rickshaw by vehicle type (passenger carrier and load carrier), by battery type [Sealed Lead Acid (SLA) and Lithium-ion (Li-ion) and by ownership type (self-owned and rented) and by regions such as Delhi-NCR, Lucknow, Kolkata, Nagpur, Bengaluru, Pune, Chennai, Hyderabad, and other cities.
The report also provides a holistic view of the overall e-rickshaw market as well as regulations, growth drivers, restraints and factor analysis in terms of top investments undertaken, improving infrastructure for electric vehicles, government initiatives to increase demand through subsidies, major merger and acquisitions.
For an in-depth market overview, the report also includes a region-wise analysis. For all the top industry players, a detailed product description, their strategies, financials, SWOT analysis, and recent developments are also included in the e-rickshaw report. In addition to this, Porter 5s along with the market share of organized and unorganized players is also provided. Leading players profiled in the report include Terra Motors Corporation, Hero Electric Vehicles Pvt Ltd., Kinetic Engineering Ltd., Lohia Auto Industries., Atul Auto Ltd., Electrotherm (India) Ltd., OK Play India Ltd., Mahindra & Mahindra Ltd., Saera Electric Auto Pvt. Ltd and GreenRick.
Electric Rickshaw Market Size
In terms of revenue, the e-rickshaw market has registered a remarkable growth with a positive CAGR during the forecast period. Over the last couple of years, the e-rickshaw market has witnessed an overall rise in terms of market penetration as one of the most affordable modes of public transportation for a short distance. Increasing people’s preference, being eco-friendly and cost-effective, and the increasing support from the government has driven the growth prospects of the market. In addition, the lack of proper infrastructure and safety hazards has also considerably catalyzed the growth potential of the respective market.
Indian Electric Rickshaw (e-rickshaw) Market Segmentation
Segmentation by Vehicle Type
E-rickshaw market fetched the maximum revenues from passenger carriers, as it is being preferred by numerous people as a mode of short-distance transportation. On the other hand, the load carrier is expected to display overwhelming growth in the years to come.
Segmentation by Battery Type
Sealed Acid Lead (SLA) battery held a dominant share in the e-rickshaw market while the highest CAGR primarily was derived from Lithium-ion (Li-ion) battery in the e-rickshaw market, as li-ion battery offers more benefits than that of its counterpart.
Segmentation by Ownership Type
The self-owned market held the prime share in the e-rickshaw market wherein the rented market is growing considerably during the forecast period as the renting model of e-rickshaw is getting immense popularity among the people and aggregators, witnessing the growth of the e-rickshaw market.
Segmentation by Region
Delhi-NCR held the major share owing to its immense popularity as it offers first and last-mile connectivity to and fro the metro stations. However, Hyderabad is expected to witness the highest growth during the analyzed period.
Scope of the report:-
India E-Rickshaw Market
Market Insights by Vehicle Type
Market Insights by Battery Type
Sealed Lead Acid (SLA)
Market Insights by Ownership
Market Insights by Region
Top Company Profiled
Terra Motors Corporation
Hero Electric Vehicles Pvt. Ltd.
Atul Auto Ltd.
Electrotherma (India) Ltd
Mahindra & Mahindra
OK Play India Limited
Kinetic Engineering Limited
Lohia Auto Industries
Saera Electric Auto Pvt. Ltd
Reasons to buy:
India E-Rickshaw market study presents the current market size, trend, forecast until 2025 for different Indian cities. The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leader of the industry including the E-Rickshaw drivers
The report presents a quick review of overall industry performance at one glance An initiative of OEMs vs Aggregators for increasing the overall adoption of E-Rickshaw in India is also presented in the report
Key benefits of the E-Rickshaw for the drivers are also included in the study along with characteristics of drivers and travelers
The report covers in-depth analysis of prominent industry peer with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments, revenue, and business model
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments and sub-segments
India E-Rickshaw market can be customized to the state level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.
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Ankur Gupta, Head Marketing & Communications