MarkNtel Advisors – Leading Market Research Company found India E-Rickshaw Market is expected to reach 15% CAGR Growth By 2030.

This report provides a comprehensive analysis of the India E-Rickshaw Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the India E-Rickshaw Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

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Scope of the India E-Rickshaw Market Report:

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.

Which prominent factor is expected to drive the India E-Rickshaw Market during 2024-30?

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.

What are the different Segment Available in the India E-Rickshaw Market?

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.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/india-e-rickshaw-market.html

Leading India E-Rickshaw companies operating in the 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.

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