India E-Rickshaw Market Research Report: Forecast (2023-2028)

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India E-Rickshaw Market Size and Share Analysis
with Leading Key Players Forecast 2028
India E-Rickshaw Market is projected to grow at a
CAGR of around 15 during the forecast period,
i.e., 2023-28
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Market Insights

• 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.
• Further, a usual battery three-wheeler consumes
  the regular form of electricity to charge its
  batteries. However, in, solar power variant, the
  batteries can be charged on the accelerating
  mechanism in the vehicle motors on a sunny day.
  In addition, these vehicles generate higher
  functional and energy efficiency, which can raise
  their mileage by 10 to 15 approximately with a
  lifecycle of 10 years. Such features are carving
  a robust niche for these vehicles in the market
  for transportation utilities.

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India E-Rickshaw Market Leading key players
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.
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India E-Rickshaw Market Segmentation Analysis

• 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)
• By Region (North, South, East, West, North East)

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MarkNtel Advisors Target Geographies- Focus Areas

• MarkNtel has strategically defined its target
  areas which are based on evaluation by its
  analysts after analysing the growth potential of
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• Political, Economic, Social, Technological and
  Environmental Analysis
• Credit Ratings provided by leading institutions
• GDP projections by bodies such as the World Bank,
  IMF, OECD, etc.
• Market Disruptions and the Next Big Things

Major Target Areas
Low Focus Geographies

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