India E-Rickshaw Market Analysis, 2020

India E-Rickshaw Market Analysis, 2020

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, S Read more

  • Automotive
  • Jan 2020
  • 133
  • AT55002

E-Rickshaw is an electric vehicle which is pulled by electric motor and powered by battery. The popularity of E-Rickshaw is growing in the country on account of the low fuel cost, low maintenance cost, no noise pollution, and eco-friendly features. The E-Rickshaw are capable of providing an energy efficient transport system due to low emissions.

According to MarkNtel Advisors’ research report titled “India E-Rickshaw Market Analysis, 2020”, the E-Rickshaw market is projected to register a CAGR of around 15% during 2020-25. The passenger carrier e-rickshaw segment captured the highest market share in the overall India E-Rickshaw market in 2019 due to a growing requirement for public transportation coupled with an increased awareness surrounding harmful vehicle emissions.

The lead-acid battery segment acquired a significant market share in the India E-Rickshaw market in 2019. However, the a pressing requirement for energy-efficient batteries which can enable e-rickshaws to travel longer distances without frequent charging is a key factor which can boost the demand for lithium-ion batteries in the forthcoming period in this industry.

The North India region captured the highest market share in the India E-Rickshaw market in 2019 on an account of increasing initiatives by the government to provide subsidies on the purchase of an e-rickshaw. The initiatives include the Electric Vehicle Policy 2018 and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme. Therefore, with the growing focus toward encouraging the usage of electric vehicles, the demand for e-rickshaws is also gradually surging in the country.

According to MarkNtel Advisors, the key players capturing a substantial market share in the India E-Rickshaw market are Terra Motors, Hero Electric, Kinetic Green Energy & Power Solutions, Lohia Auto Industries, ATUL Auto, etc. These companies are actively introducing their respective range of e-rickshaws to gain a competitive edge in the industry.

In 2018, Lohia Auto battery-operated three-wheeler Comfort E Auto. Moreover, the companies such as Mahindra & Mahindra, Altigreen, and Bajaj are increasingly deploying electric three-wheelers in the regions. In 2018, Mahindra Electric Mobility Ltd. signed a Memorandum of Understanding (MoU) with SmartE to provide 1,000 Mahindra Treo and Treo Yaari electric three-wheelers in Delhi NCR by 2019. 

Key Questions Answered in the Market Research Report

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of India E-Rickshaw market?
  2. What are the region wise industry size, growth drivers and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the India E-Rickshaw market? 
  4. Who are the key competitors or market players and how they perform in India E-Rickshaw market on the basis of competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the course of India E-Rickshaw market study?  

Market Outlook, Segmentation and Statistics 

  • Market Size & Analysis
    • Units Sold
    • Market Revenues
  • Market Share & 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
      • West
      • East
      • North East
  • India E-Rickshaw Market Policy & Regulations
  • India E-Rickshaw Market Sales & Distribution Channel Analysis
  • India E-Rickshaw Market Porters Five Forces Analysis
    • Competition Matrix
  • India E-Rickshaw Market Key Strategic Imperatives for Growth & Success

Frequently Asked Questions 

Q. What would be the growth rate or CAGR of India E-Rickshaw market during 2020-25?
A. The market size of India E-Rickshaw market during 2020-25 is forecast to be around 15%.

Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North region will dominate the market with majority market share, with market size registering considerably higher CAGR.

Q. Who are the key competitors or players operating in India E-Rickshaw market? 
A. Terra Motors, Hero Electric, Kinetic Green Energy & Power Solutions, Lohia Auto Industries, ATUL Auto, Mahindra Electric, Gayam Motors, Vani Electric, Saera Electric Auto are few of the leading players in the India E-Rickshaw market.

Q. Does the report scope cover region wise market statistics also?
A. Yes, the scope of the report encompass detailed regional statistics such as market size, market segmentation based on various subcategories.

Q. Which E-Rickshaw segment would emerge as an opportunity area for players in India E-Rickshaw?
A. Passenger carrier e-rickshaw would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of E-Rickshaw across India.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Expert Verbatim- What our Experts Say?

4.     India Macroeconomic Outlook

5.     India E-Rickshaw Market Outlook, 2015-2025F

5.1.   Market Size & Analysis

5.1.1. Units Sold

5.1.2. Market Revenues

5.2.   Market Share & Analysis

5.2.1. By Type

5.2.1.1.  Passenger Carrier

5.2.1.2.  Load Carrier

5.2.2. By Battery

5.2.2.1.  Lead-Acid

5.2.2.2.  Lithium-Ion

5.2.3. By Battery Capacity

5.2.3.1.  Less than 100 Ah

5.2.3.2.  Greater than 100 Ah

5.2.4. By Transmission Mode

5.2.4.1.  Geared

5.2.4.2.  Gearless

5.2.5. By Region

5.2.5.1.  North

5.2.5.2.  South

5.2.5.3.  West

5.2.5.4.  East

5.2.5.5.  North East

5.2.6. By Company

5.2.6.1.  Revenue Shares

5.2.6.2.  Strategic Factorial Indexing

5.2.6.3.  Competitor Placement in MarkNtel Quadrant

6.     Northern India E-Rickshaw Market Outlook, 2015-2025F

6.1.   Market Size & Analysis

6.1.1. Units Sold

6.1.2. Market Revenues

6.2.   Market Share & Analysis

6.2.1. By Type

6.2.2. By Battery

6.2.3. By Battery Capacity

6.2.4. By Transmission Mode

6.2.5. By States

7.     Southern India E-Rickshaw Market Outlook, 2015-2025F

7.1.   Market Size & Analysis

7.1.1. Units Sold

7.1.2. Market Revenues

7.2.   Market Share & Analysis

7.2.1. By Type

7.2.2. By Battery

7.2.3. By Battery Capacity

7.2.4. By Transmission Mode

7.2.5. By States

8.     Western India E-Rickshaw Market Outlook, 2015-2025F

8.1.   Market Size & Analysis

8.1.1. Units Sold

8.1.2. Market Revenues

8.2.   Market Share & Analysis

8.2.1. By Type

8.2.2. By Battery

8.2.3. By Battery Capacity

8.2.4. By Transmission Mode

8.2.5. By States

9.     Eastern India E-Rickshaw Market Outlook, 2015-2025F

9.1.   Market Size & Analysis

9.1.1. Units Sold

9.1.2. Market Revenues

9.2.   Market Share & Analysis

9.2.1. By Type

9.2.2. By Battery

9.2.3. By Battery Capacity

9.2.4. By Transmission Mode

9.2.5. By States

10.  North Eastern India E-Rickshaw Market Outlook, 2015-2025F

10.1.  Market Size & Analysis

10.1.1.   Units Sold

10.1.2.   Market Revenues

10.2.  Market Share & Analysis

10.2.1.   By Type

10.2.2.   By Battery

10.2.3.   By Battery Capacity

10.2.4.   By Transmission Mode

10.2.5.   By States

11.  India E-Rickshaw Market Policy & Regulations

12.  India E-Rickshaw Market Trends & Development

13.  India E-Rickshaw Market Dynamics

13.1.Drivers

13.2.Challenges

13.3.Impact Analysis

14.  India E-Rickshaw Market Sales & Distribution Channel Analysis

15.  India E-Rickshaw Market Porters Five Forces Analysis

16.1.Competition Matrix

17.  India E-Rickshaw Market Key Strategic Imperatives for Growth & Success

18.  Competitive Benchmarking

18.1.Competition Matrix

18.1.1. Product Portfolio

18.1.2. Target Markets

18.1.3. Target End Users

18.1.4. Research & Development

18.1.5. Strategic Alliances

18.1.Company Profile

18.2.1.   Terra Motors Corporation

18.2.2.   Hero Electric Vehicles Pvt. Ltd.

18.2.3.   Kinetic Green Energy & Power Solutions Ltd.

18.2.4.   Lohia Auto Industries

18.2.5.   ATUL Auto Ltd.

18.2.6.   Mahindra Electric Mobility

18.2.7.   Gayam Motors

18.2.8.   Vani Electric

18.2.9.   Saera Electric Auto Pvt. Ltd.

19.  Disclaimer

India E-Rickshaw Market Segmentation