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India Electric Rickshaw (E-Rickshaw) Market: Insights and Forecast 2018-2025: Emphasis on Vehicle Type (Passenger Carrier E-Rickshaw, Load Carrier E-Rickshaw), Battery Type (Sealed Lead Acid Battery E-Rickshaw, Li-Ion Battery E-Rickshaw), Ownership Type (Owned E-Rickshaw, Rented E-Rickshaw) and Region

Region:Middle East

Product Code:UMAU19145

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Published On

March 2019

Total pages

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About the Report

The report published "Indian Electric Rickshaw (E-Rickshaw) Market Insights to 2025" - provides a comprehensive analysis of the electric rickshaw market across the country. The report focuses on overall market size for e-rickshaw by vehicle type (passenger carrier and load carrier), by battery type [Sealed Lead Acid (SLA) and Lithium-ion (Li-ion) and by ownership type (self-owned and rented) and by regions such as Delhi-NCR, Lucknow, Kolkata, Nagpur, Bengaluru, Pune, Chennai, Hyderabad, and other cities.

The report also provides a holistic view of the overall e-rickshaw market as well as regulations, growth drivers, restraints and factor analysis in terms of top investments undertaken, improving infrastructure for electric vehicles, government initiatives to increase demand through subsidies, major merger and acquisitions.

For an in-depth market overview, the report also includes a region-wise analysis. For all the top industry players, a detailed product description, their strategies, financials, SWOT analysis, and recent developments are also included in the e-rickshaw report. In addition to this, Porter 5s along with the market share of organized and unorganized players is also provided. Leading players profiled in the report include Terra Motors Corporation, Hero Electric Vehicles Pvt Ltd., Kinetic Engineering Ltd., Lohia Auto Industries., Atul Auto Ltd., Electrotherm (India) Ltd., OK Play India Ltd., Mahindra & Mahindra Ltd., Saera Electric Auto Pvt. Ltd and GreenRick.

Electric Rickshaw Market Size

In terms of revenue, the e-rickshaw market has registered a remarkable growth with a positive CAGR during the forecast period. Over the last couple of years, the e-rickshaw market has witnessed an overall rise in terms of market penetration as one of the most affordable modes of public transportation for a short distance. Increasing people's preference, being eco-friendly and cost-effective, and the increasing support from the government has driven the growth prospects of the market. In addition, the lack of proper infrastructure and safety hazards have also considerably catalyzed the growth potential of the respective market.

Indian Electric Rickshaw (e-rickshaw) Market Segmentation

Segmentation by Vehicle Type

E-rickshaw market fetched the maximum revenues from passenger carriers, as it is being preferred by numerous people as a mode of short-distance transportation. On the other hand, the load carrier is expected to display overwhelming growth in the years to come.

Segmentation by Battery Type

Sealed Acid Lead (SLA) battery held a dominant share in the e-rickshaw market while the highest CAGR primarily was derived from Lithium-ion (Li-ion) battery in the e-rickshaw market, as li-ion battery offers more benefits than that of its counterpart.

Segmentation by Ownership Type

The self-owned market held the prime share in e-rickshaw market wherein the rented market is growing considerably during the forecast period as the renting model of e-rickshaw is getting immense popularity among the people and aggregators, witnessing the growth of the e-rickshaw market.

Segmentation by Region

Delhi-NCR held the major share owing to its immense popularity as it offers first and last-mile connectivity to and fro the metro stations. However, Hyderabad is expected to witness the highest growth during the analyzed period.

Scope of the report:-

India E-Rickshaw Market

Market Segmentation

Market Insights by Vehicle Type

Passenger Carrier

Load Carrier

Market Insights by Battery Type

Sealed Lead Acid (SLA)

Li-ion

Market Insights by Ownership

Owned E-Rickshaw

Rented E-Rickshaw

Market Insights by Region

Delhi-NCR

Lucknow

Kolkata

Nagpur

Bengaluru

Pune

Chennai

Hyderabad

Others

Top Company Profiled

Terra Motors Corporation

Hero Electric Vehicles Pvt. Ltd.

Atul Auto Ltd.

Electrotherma (India) Ltd.

Mahindra & Mahindra

OK Play India Limited

Kinetic Engineering Limited

Lohia Auto Industries

Saera Electric Auto Pvt. Ltd

GreenRick

Reasons to buy:

India E-Rickshaw market study presents the current market size, trend, forecast until 2025 for different Indian cities. The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leader of the industry including the E-Rickshaw drivers

The report presents a quick review of overall industry performance at one glance

An initiative of OEMs vs Aggregators for increasing the overall adoption of E-Rickshaw in India is also presented in the report

Key benefits of the E-Rickshaw for the drivers are also included in the study along with characteristics of drivers and travelers

The report covers in-depth analysis of prominent industry peer with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments, revenue, and business model

Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry

Examination of industry attractiveness with the help of Porter's Five Forces analysis

The study comprehensively covers the market across different segments and sub-segments

Customization Areas:

India E-Rickshaw market can be customized to the state level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

Scope of the Report

Products

Indian automotive industry is rapidly expanding and is expected to hold the 3rd position in the world by 2030.

Companies

Terra Motors Corporation, Hero Electric Vehicles Private Ltd, Atul Auto Ltd., Electrotherm (India) Limited, OK Play India Limited, Mahindra & Mahindra Limited, Kinetic Engineering Limited, Lohia Auto Industries, Saera Electric Auto Pvt. Ltd., GreenRick

1. MARKET INTRODUCTION 13

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

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. REGULATORY FRAMEWORK AND GOVT. INITIATIVES FOR E-RICKSHAWS 17

3.1 General Overview 17

3.1.1 Delhi-NCR Regulation of E-rickshaw 18

3.1.2 Kolkata Regulation of E-rickshaw 20

3.1.3 Lucknow Regulation of E-rickshaw 20

3.1.4 Nagpur Regulation of E-rickshaw 21

3.1.5 Pune Regulation of E-rickshaw 21

3.1.6 Hyderabad Regulation of E-rickshaw 21

4. BUSINESS OR REVENUE MODEL FOR E-RICKSHAW DRIVERS IN INDIA 22

4.1 General Overview 22

4.1.1 Become a Manufacturer and Supplier 22

4.1.2 Renting E-rickshaw to a Driver on daily/monthly basis 22

4.1.3 Income Earned by E-rickshaw Driver in Indian Cities 23

5. EXECUTIVE SUMMARY 24

6. INDUSTRY PERFORMANCE 28

5. MARKET OVERVIEW 29

5.1 Introduction 29

5.1.1 Characteristics of E-rickshaw service in India 30

5.1.2 Social characteristics of Drivers in the Indian E-rickshaw service Industry 30

5.1.3 Previous Professions of Drivers in the Indian E-rickshaw service Industry 31

5.1.4 Recommendation and Suggestions by E-rickshaw Drivers in India 32

5.1.5 Social characteristics of Travellers of E-rickshaw in India 32

5.1.6 Recommendation and Suggestions by E-rickshaw travellers in India 33

5.1.7 Advantage & Disadvantage of E-rickshaw Service in India 33

5.2 Market Dynamics 34

5.2.1 Market Trend & Drivers 34

5.2.1.1 Increasing Governmental Support 34

5.2.1.2 Declining Battery Prices 35

5.2.1.3 Cost Effectiveness as Compared to Conventional Three Wheelers 36

5.2.2 Market Restraints 37

5.2.2.1 Lack of Optimum Charging Infrastructure 37

5.2.2.2 Distance Proximity and Speed Limit 38

5.2.2.3 Ambiguous Operational Guidelines 38

5.2.3 Market Opportunities 38

5.2.3.1 Increase in Need of Public Transportation 38

5.2.3.2 Increase in Demand of Lithium ion Battery Based E-rickshaw 39

5.3 Key Market Indicators 39

5.3.1 Demand and Supply Side Analysis 39

5.3.2 SWOT Analysis of Indian E-rickshaw Industry 42

5.3.3 Value Chain Analysis of Indian E-rickshaw Sector 42

6. MARKET INSIGHST BY VEHICLE TYPE 44

6.1 General Overview 44

6.1.1 Passenger Carrier E-rickshaw 46

6.1.2 Load Carrier E-rickshaw 47

7. MARKET INSIGHT BY BATTERY TYPE 49

7.1 General Overview 49

7.1.1 Sealed Lead Acid Battery E-rickshaw 51

7.1.2 Li-Ion Battery E-rickshaw 52

8. MARKET INSIGHT BY OWNERSHIP TYPE 54

8.1 General Overview 54

8.1.1 Owned E-rickshaw 56

8.1.2 Rented E-rickshaw 57

9. MARKET INSIGHT BY REGION 59

9.1 General Overview 59

9.2 Kolkata E-rickshaw Market Insight 61

9.2.1 Government Plan & Initiative for E-rickshaw in Kolkata 61

9.2.2 Key Players initiative for E-rickshaw in Kolkata 61

9.2.2.1 Kolkata E-rickshaw Market, by Vehicle Type 2018-2025 62

9.2.2.2 Kolkata E-rickshaw Market, by Battery Type 2018-2025 63

9.2.2.3 Kolkata E-rickshaw Market, by Ownership Type 2018-2025 64

9.3 Nagpur E-rickshaw Market Insight 65

9.3.1 Government Plan & Initiative for E-rickshaw in Nagpur 65

9.3.2 Key Players initiatives for E-rickshaw in Nagpur 65

9.3.2.1 Nagpur E-rickshaw Market, by Vehicle Type 2018-2025 66

9.3.2.2 Nagpur E-rickshaw Market, by Battery Type 2018-2025 67

9.3.2.3 Nagpur E-rickshaw Market, by Ownership Type 2018-2025 68

9.4 Delhi-NCR E-rickshaw Market Insight 69

9.4.1 Government Plan & Initiative for E-rickshaw in Delhi 69

9.4.2 Key Players initiatives for E-rickshaw in Delhi 69

9.4.3 Cab Aggregator Initiatives 70

9.4.3.1 Delhi-NCR E-rickshaw Market, by Vehicle Type 2018-2025 70

9.4.3.2 Delhi-NCR E-rickshaw Market, by Battery Type 2018-2025 71

9.4.3.3 Delhi-NCR E-rickshaw Market, by Ownership Type 2018-2025 72

9.5 Lucknow E-rickshaw Market Insight 73

9.5.1 Government Plan & Initiative for E-rickshaw in Lucknow 73

9.5.2 Key Players initiatives for E-rickshaw in Lucknow 74

9.5.2.1 Lucknow E-rickshaw Market, by Vehicle Type 2018-2025 74

9.5.2.2 Lucknow E-rickshaw Market, by Battery Type 2018-2025 75

9.5.2.3 Lucknow E-rickshaw Market, by Ownership Type 2018-2025 76

9.6 Bengaluru E-rickshaw Market Insight 77

9.6.1 Driver for E-rickshaw market in Bengaluru 77

9.6.2 Government Plan & Initiative for E-rickshaw in Bengaluru 78

9.6.2.1 Bengaluru E-rickshaw Market, by Vehicle Type 2018-2025 78

9.6.2.2 Bengaluru E-rickshaw Market, by Battery Type 2018-2025 79

9.6.2.3 Bengaluru E-rickshaw Market, by Ownership Type 2018-2025 80

9.7 Pune E-rickshaw Market Insight 81

9.7.1 Government Plan & Initiative for E-rickshaw in Pune 81

9.7.2 Key Players initiatives for E-rickshaw in Pune 82

9.7.2.1 Pune E-rickshaw Market, by Vehicle Type 2018-2025 82

9.7.2.2 Pune E-rickshaw Market, by Battery Type 2018-2025 83

9.7.2.3 Pune E-rickshaw Market, by Ownership Type 2018-2025 84

9.8 Chennai E-rickshaw Market Insight 85

9.8.1 Key Players Initiative for E-rickshaw in Chennai 85

9.8.1.1 Chennai E-rickshaw Market, by Vehicle Type 2018-2025 85

9.8.1.2 Chennai E-rickshaw Market, by Battery Type 2018-2025 86

9.8.1.3 Chennai E-rickshaw Market, by Ownership Type 2018-2025 87

9.9 Hyderabad E-rickshaw Market Insight 88

9.9.1 Government Plan & Initiative for E-rickshaw in Hyderabad 88

9.9.2 Key Players initiatives for E-rickshaw in Hyderabad 89

9.9.2.1 Hyderabad E-rickshaw Market, by Vehicle Type 2018-2025 89

9.9.2.2 Hyderabad E-rickshaw Market, by Battery Type 2018-2025 90

9.9.2.3 Hyderabad E-rickshaw Market, by Ownership Type 2018-2025 91

9.10 Rest of India Cities E-rickshaw Market Insight 92

9.10.1 Government Plan & Initiative for E-rickshaw 93

9.10.1.1 Rest of India E-rickshaw Market, by Vehicle Type 2018-2025 93

9.10.1.2 Rest of India E-rickshaw Market, by Battery Type 2018-2025 94

9.10.1.3 Rest of India E-rickshaw Market, by Ownership Type 2018-2025 95

10. GOVT. PROGRAMS AND INITIATIVES FOR EVS AND EV CHARGING OUTLETS 97

10.1 General Overview 97

10.1.1 Quick Pilot proposal on EV charging infrastructure 98

10.1.2 National Electric Mobility Mission Plan (NEMMP) 2020 99

10.1.3 Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) 99

10.1.4 NITI Aayog Plan 100

11. COMPETITIVE SCENARIO 101

11.1 Cab & Other Aggregators Initiatives for E-rickshaw sector in India 101

11.2 Porter's Five forces analysis 102

11.2.1 Bargaining Power of Suppliers 102

11.2.2 Bargaining Power of Buyers 103

11.2.3 Threat of New Entrants 104

11.2.4 Threat of Substitutes 105

11.2.5 Industry Rivalry 106

12. COMPANY PROFILES 107

12.1 Terra Motors Corporation 107

12.1.1 Key Facts 107

12.1.2 Business Description 107

12.1.3 Key Product/Services Offerings 107

12.1.4 SWOT Analysis 108

12.1.5 Recent Developments 108

12.2 Hero Electric Vehicles Private Ltd. 109

12.2.1 Key Facts 109

12.2.2 Business Description 109

12.2.3 Key Product/Services Offerings 109

12.2.4 SWOT Analysis 110

12.2.5 Recent Developments 110

12.3 Atul Auto Ltd. 111

12.3.1 Key Facts 111

12.3.2 Business Description 111

12.3.3 Key Product/Services Offerings 112

12.3.4 SWOT Analysis 112

12.3.5 Key Financials 113

12.3.5.1 Revenue Split 113

12.3.6 Recent Developments 114

12.4 Electrotherm (India) Limited 115

12.4.1 Key Facts 115

12.4.2 Business Description 115

12.4.3 Key Product/Services Offerings 116

12.4.4 SWOT Analysis 116

12.4.5 Key Financials 117

12.4.5.1 Revenue Split 117

12.4.6 Recent Developments 118

12.5 OK Play India Limited 119

12.5.1 Key Facts 119

12.5.2 Business Description 119

12.5.3 Key Product/Services Offerings 120

12.5.4 SWOT Analysis 120

12.5.5 Key Financials 121

12.5.5.1 Revenue Split 121

12.5.6 Recent Developments 122

12.6 Mahindra & Mahindra Limited 123

12.6.1 Key Facts 123

12.6.2 Business Description 123

12.6.3 Key Product/Services Offerings 124

12.6.4 SWOT Analysis 125

12.6.5 Key Financials 125

12.6.5.1 Revenue Split 125

12.6.6 Recent Developments 126

12.7 Kinetic Engineering Limited 127

12.7.1 Key Facts 127

12.7.2 Business Description 127

12.7.3 Key Product/Services Offerings 128

12.7.4 SWOT Analysis 128

12.7.5 Key Financials 129

12.7.5.1 Revenue Split 129

12.7.6 Recent Developments 130

12.8 Lohia Auto Industries 131

12.8.1 Key Facts 131

12.8.2 Business Description 131

12.8.3 Key Product/Services Offerings 131

12.8.4 SWOT Analysis 132

12.8.5 Recent Developments 132

12.9 Saera Electric Auto Pvt. Ltd. 133

12.9.1 Key Facts 133

12.9.2 Business Description 133

12.9.3 Key Product/Services Offerings 133

12.9.4 SWOT Analysis 134

12.9.5 Recent Developments 134

12.10 GreenRick 135

12.10.1 Key Facts 135

12.10.2 Business Description 135

12.10.3 Key Product/Services Offerings 135

12.10.4 SWOT Analysis 13

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