India E-Rickshaw Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
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.
Markntel Advisor’s India E-Rickshaw Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, India E-Rickshaw Market drivers, barriers, India E-Rickshaw Market Trends, and Key Players in India E-Rickshaw Market.
Get Free Sample Report as previous we are using: https://www.marknteladvisors.com/query/request-sample/india-e-rickshaw-market.html
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, 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.
India E-Rickshaw Market Dynamics: 2024-2030
India E-Rickshaw Market Driver:
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.
Browse Full Report with Detail Analysis – https://www.marknteladvisors.com/research-library/india-e-rickshaw-market.html
India E-Rickshaw Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Type
- Passenger Carrier- Market Size & Forecast 2019-2030, USD Million & Thousand
- Load Carrier- Market Size & Forecast 2019-2030, USD Million & Thousand
- 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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the India E-Rickshaw Market:
- 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
Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
About Us –
We are a leading market research company, 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.
Contact Us –
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
