Indian automotive industry is rapidly expanding and is expected to hold the 3rd position in the world by 2030. In addition to this, to cater the advancing need of 1.30 billion people of India, Indian automotive industry has dramatically transformed and is expected to show a similar trend in the forthcoming years. One such transformation is the advent of Zero Emission Vehicles (ZEVs)/ Electric Vehicles (EVs) within the country. The excessive dependence on imported crude oil, rise in Greenhouse Gases (GHGs) content, growing demand of EVs and increase in governmental support through subsidies and incentives are some of the major factors driving the market of EVs in the country. At present, Indian EV industry is at its nascent stage although the country planned to be 100% electric by 2030. India is home to about 17 lakh battery-powered, three-wheeled rickshaws, a fleet bigger than the total number of electric passenger cars sold in China since 2011. Electric-vehicle revolution is gaining ground in India as the drivers of the ubiquitous three-wheelers (E-rickshaw) weaving through crowded, smoggy streets discovered that E-rickshaws are quieter, faster, cleaner and cheaper to maintain than a traditional auto-rickshaw. Further, E-rickshaws are less strenuous than cycle rickshaws, which require all-day peddling. So, with more rides possible in a day, the E-rickshaws are proving more lucrative to market.

ALSO READ : http://www.marketwatch.com/story/india-electric-rickshaw-e-rickshaw...

Over the past few years, the country has witnessed remarkable growth in E-rickshaw market as various state governments have offered several incentives, subsidies and other benefits for purchasing an E-rickshaw to promote green mobility within the country. The growing focus on green mobility consequently increased the need for easy accessibility of the charging structures to keep them running and so the governments across the country are working endlessly to create an efficient ecosystem for electric vehicles. With growing consciousness regarding green mobility, comfort and convenience offered by E-rickshaw in the first and last mile connectivity, along with the government promotions for electric vehicle, it is expected that the electric rickshaw market will grow significantly in the years yet to come. Among two types of vehicle type, passenger type is expected to dominate the market, however, the market for load/carrier type electric rickshaw is expected to grow at the highest CAGR of 10.41% over the forecast period owing to its increasing usage for delivering various products including water bottles, cartons, edibles and others in and around the city.

ALSO READ : http://www.marketwatch.com/story/operating-room-or-linen-and-turnov...
Based on the battery type, the majority of electric rickshaw in India runs on Sealed Lead Acid (SLA) battery as these batteries are comparatively cheaper than that of its counterparts. It is found that the initial cost difference of lead acid battery and li-ion battery is roughly around INR 50,000. However, the benefits offered by li-ion battery such as low charging time, low maintenance and prolong lifespan are driving manufacturers to use li-ion battery. Currently, around 85 percent of the electric rickshaw runs on lead acid battery while 15 percent only runs on li-ion battery. It is expected that li-ion battery for electric rickshaw will grow considerably during the forecast period with a CAGR of 12.55%. During our study, we found that the potential hindrance for India Electric Rickshaw Market is the lack of adequate charging facilities and parking stand for it. Most of the electric rickshaw drivers charge the vehicle overnight at their house with the available electricity. While some other charge their vehicle at garage, local food or goods shops and pay the owner of the shop on a daily or monthly basis. The cost of charging varies for the drivers of different locations. The cost is generally INR 50-70 a day for charging at a local shop and INR 30 a day for charging at one’s own house.

ALSO READ : http://www.marketwatch.com/story/flammability-tester-market-researc...

India Electric Rickshaw Market is very much fragmented. Most of the players in this industry mainly assemble the spare parts at their manufacturing unit. Majority of the players still import electric rickshaw parts from China as they are cheaper. On an estimate, it is said that 85 percent of the India Electric Rickshaw Market is captured by unorganized players while the organized players hold only 15 percent of it. Some of the key players operating in India Electric Rickshaw Market include Saera Auto, Terra Motors, Hero Electric, Atul Auto, OK Play, Kinetic Green, Lohia Auto, Electrotherma and Mahindra & Mahindra. These players are working endlessly to fulfill the consumer growing demand through technological advancements, increasing production capacity of plant, several strategic partnerships, joint ventures, product launches and business expansions to strengthen their position in India Electric Rickshaw Marketplace.

Conclusion: India Electric Rickshaw Market is growing by leaps and bounds. E- Rickshaws are non-polluting vehicles. Replacing conventional vehicles (such as auto-rickshaws or cycle rickshaws) with E-rickshaws can significantly improve the inferior air quality of our country. The E-rickshaw system in India is still at its nascent stage and needs a major improvement in infrastructure. Today, E-rickshaw has become one of the most preferred modes of first and last mile intercity connectivity, but it lacks proper parking stand and charging spots. However, they are not allowed to ply on the main roads and many a times, their vehicles are confiscated. Further, owing to the support for electric vehicles from government, India Electric Rickshaw Market is expected to grow smoothly over the forecast period. As they are cost-effective, it again offers better standard of living to their owners as they can earn enough to survive.

Table of Contents

1. MARKET INTRODUCTION
1.1 Market Definition 13
1.2 Objective of the Study 13
1.3 Limitation 13
1.4 Stakeholders 14
1.5 Currency used in the Report 14
1.6 Scope of the India E-Rickshaw Market Study 14
2. RESEARCH METHODOLOGY 15
2.1 Research Methodology for Indian E-Rickshaw Market Study 15
2.1.1 Main objective of the Indian E-Rickshaw Market Study 16
3. EXECUTIVE SUMMARY 17
4. REGULATORY FRAMEWORK AND GOVT. INITIATIVES FOR E-RICKSHAWS 21
4.1 General Overview 21
4.1.1 Delhi-NCR Regulation of E-Rickshaw 22
4.1.2 Kolkata Regulation of E-Rickshaw 24
4.1.3 Lucknow Regulation of E-Rickshaw 24
4.1.4 Nagpur Regulation of E-Rickshaw 25
4.1.5 Pune Regulation of E-Rickshaw 25
4.1.6 Hyderabad Regulation of E-Rickshaw 25
5. MARKET OVERVIEW 26
5.1 Introduction 26
5.1.1 Characteristics of E-Rickshaw service in India 27
5.1.2 Social characteristics of Drivers in the Indian E-Rickshaw service Industry 27
5.1.3 Previous Professions of Drivers in the Indian E-Rickshaw service Industry 28
5.1.4 Recommendation and Suggestions by E-Rickshaw Drivers in India 29
5.1.5 Social characteristics of Travellers of E-Rickshaw in India 29
5.1.6 Recommendation and Suggestions by E-Rickshaw travellers in India 30
5.1.7 Advantage & Disadvantage of E-Rickshaw Service in India 30
5.2 Market Dynamics 31
5.2.1 Market Trend & Drivers 31
5.2.1.1 Increasing Governmental Support 31
5.2.1.2 Declining Battery Prices 32
5.2.1.3 Cost Effectiveness as Compared to Conventional Three Wheelers 33
5.2.2 Market Restraints 34
5.2.2.1 Lack of Optimum Charging Infrastructure 34
5.2.2.2 Distance Proximity and Speed Limit 35
5.2.2.3 Ambiguous Operational Guidelines 36
5.2.3 Market Opportunities 36
5.2.3.1 Increase in Need of Public Transportation 36
5.2.3.2 Increase in Demand of Lithium ion Battery Based E-Rickshaw 37
5.3 Key Market Indicators 38
5.3.1 Demand and Supply Side Analysis 38
5.3.2 Value Chain Analysis of Indian E-Rickshaw Sector 40
5.3.3 India Advantage for Automotive Industry 41
6. INDUSTRY PERFORMANCE 42
7. BUSINESS/ REVENUE MODEL FOR E-RICKSHAW DRIVERS IN INDIA 43
7.1 General Overview 43
7.1.1 Become a Manufacturer and Supplier 43
7.1.1.1 Break Even Point for Self-owned Rickshaw Drivers 43
7.1.2 Renting E-Rickshaw to a Driver on daily/monthly basis 44
7.1.2.1 Break Even Point for E-Rickshaw Owner (Rented E-Rickshaw) 44
7.1.3 Income Earned by E-Rickshaw Driver in Indian Cities 44
8. MARKET INSIGHST BY VEHICLE TYPE 46
8.1 General Overview 46
8.1.1 Passenger Carrier E-Rickshaw 48
8.1.2 Load Carrier E-Rickshaw 49
9. MARKET INSIGHT BY BATTERY TYPE 51
9.1 General Overview 51
9.1.1 Sealed Lead Acid Battery E-Rickshaw 53
9.1.2 Li-Ion Battery E-Rickshaw 54
10. MARKET INSIGHT BY OWNERSHIP TYPE 56
10.1 General Overview 56
10.1.1 Owned E-Rickshaw 58
10.1.2 Rented E-Rickshaw 59
11. MARKET INSIGHT BY REGION 61
11.1 General Overview 61

…continued

CONTACT DETAILS :

[email protected]

+44 203 500 2763

+1 62 825 80070

971 0503084105