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The India electric rickshaw market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Electric rickshaws are battery-operated three-wheelers with a better economy and lower operational and maintenance costs. They comprise a motor, controller, harness, batteries and throttle. They are strong, non-conducting, lightweight, highly durable, and resistant to fire. They are eco-friendly as e-rickshaws do not have tailpipes and emit toxic pollutants into the air during operation. They are more comfortable to drive and cheaper compared to manually pulled rickshaws. In addition, they ensure a smooth driving experience on busy and congested roads while producing fewer vibrations and noise.
The rising awareness among the masses of India about the benefits of using e-rickshaws represents one of the key factors driving the market. Besides this, the Government of India is promoting electric vehicles (EVs) in public transportation and fleets. This, along with rising incentives provided by governing authorities to the manufacturers of electric vehicles (EVs), is contributing to the growth of the market. Moreover, the affordable price of e-rickshaws and their maneuverability across urban roads of India are positively influencing the market. In addition, there is an increase in the demand for e-rickshaws due to the expected ban on fuel-powered vehicles. This, coupled with the rising fuel prices in the country, is offering lucrative growth opportunities to industry investors. Apart from this, due to the increasing urban population, there is a rise in the demand for cost-effective first and last-mile transportation in India. In line with this, rising concerns about environmental pollution due to the utilization of diesel-fueled vehicles are catalyzing the demand for e-rickshaws in the country. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce improved e-rickshaws with powerful motors.
IMARC Group provides an analysis of the key trends in each sub-segment of the India electric rickshaw market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on motor power, battery capacity, battery type, sales channel and end user.
Breakup by Motor Power:
Breakup by Battery Capacity:
Breakup by Battery Type:
Breakup by Sales Channel:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Motor Power, Battery Capacity, Battery Type, Sales Channel, End User, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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