The India E-Rickshaw market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.7% during 2023-2028.

India E-Rickshaw Market Research Report 2023-2028 — India Electric Rickshaw Market Report 2023

Electric rickshaw refers to battery-operated three-wheelers vehicles. They comprise of a motor, harness, controller, battery, and throttle. Electric rickshaw variants have lower operational and maintenance costs and are strong, lightweight, non-conducting, and highly durable. They are extremely eco-friendly as they do not emit toxic gasses and pollutants into the air during operation. Electric rickshaw models are cheaper and more comfortable to drive as compared to manually pulled rickshaws. Consequently, they are in extensively utilized in India.

Request for a free sample copy of this report: https://www.imarcgroup.com/india-electric-rickshaw-market/requestsample

India E-Rickshaw Market Growth Drivers:

The rising fuel prices and the escalating need for cost-effective first and last-mile transportation, on account of the expanding urban population, are primarily driving the India electric rickshaw market. In addition to this, the elevating concerns about environmental pollution and the launch of various favorable policies by government bodies aimed at promoting electric vehicles (EVs) in public transportation are acting as significant growth-inducing factors.

In line with this, the introduction of several government incentives for the manufacturers of electric vehicles (EVs), such as Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II), is also positively influencing the market across the country. Moreover, the growing ban on fuel-powered vehicles and the emerging trend of shared mobility that help reduce traffic congestion and transportation costs are further stimulating the market growth

Besides this, the inflating investments by leading market players in research and development (R&D) activities to introduce advanced e-rickshaws with powerful motors and the increasing usage of fiber-reinforced plastic (FRP) technology that enhance resistance and strength to deformation are expected to propel the India electric rickshaw market over the forecasted period.

Explore Full Report Description At: https://www.imarcgroup.com/india-electric-rickshaw-market

Competitive Analysis and Segmentation:

Report Segmentation:

The report has segmented the India e-rickshaw market on the basis of motor power, battery capacity, battery type, sales channel, end user and region.

Based on Motor Power:

<1000 W
1000 – 15000 W
>1500W

Based on Battery Capacity:

<101 Ah
>101 Ah

Based on Battery Type:

Li-ion Battery
Lead Acid Battery

Based on Sales Channel:

Organised
Unorganised

Based on End User:

Passenger Carrier
Load Carrier

Regional Analysis:

North India
West and Central India
South India
East India

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=5978&flag=C

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19

Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

You Might Also Read:

Surface Disinfectant Market Report Analysis

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Contact Us:

IMARC Group

134 N 4th St

Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Read Newsletter: https://www.linkedin.com/newsletters/industry-news-about-6929400456628637696

India E-Rickshaw Market Research Report 2023-2028