India Electric Rickshaw (E-Rickshaw) Industry
New Study Reports “Electric Rickshaw (E-Rickshaw) Market 2020 India Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.
Market overview report
This report gives many compelling insights about the market functions and profiles part of this Electric Rickshaw (E-Rickshaw) Market. It focuses on many areas, such as industry trends, technological utilization, labor management, resource planning, etc. Despite these things, this report gives fundamental knowledge about different market segments, their contribution to market shares, technologies adopted by them, their strategic planning, etc. Also, this report tells about how all different marketing factors are responsible for market fluctuation. All research has been done for the 2020 assessment year. This report focused on all factors related to this Electric Rickshaw (E-Rickshaw) Market and also focused on all changes, such as demand graph fluctuation, natural calamity, inflation rate, etc. because all these changes can impact sales volume, revenue generation, market potentiality, etc.
According to the Society of Manufacturers of Electric Vehicles (SMEV), electric vehicles’ sale doubled in terms of volume in the FY 2017-18 compared to the previous year, majorly through unregulated E-Rickshaw market, with 850,000 E-Rickshaw sold in the specified period. The drivers of the traditional manually-pulled rickshaws have found E-Rickshaws quicker, quieter and easier to keep running as they require less effort, compared to the pedal-cycle rickshaws. This results in more rides and lesser effort for the driver, making E-Rickshaws a rather beneficial investment for them.
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The Indian government is currently focusing on promoting electric vehicles in the public transportation and fleets, with emphasis on two-wheelers and three-wheelers, taxis and buses. One of the biggest hurdles in the growth of electric vehicles in India is the dearth of charging and battery-swap stations. The Ministry of Finance is in the process of finalising a plan to spend approximately US$600 million over a period of five years to upgrade the country’s charging infrastructure as well as to provide better subsidies on electric buses. According to BNEF, India had just 425 public charging stations in 2017 and it is expected that with government and public initiatives this number will boost to 2,800 by 2022.
Competitive Landscape- Organised and Unorganised Players
India E-Rickshaw market is very much fragmented. The E-Rickshaw market in India is basically made by assembling its parts together at the manufacturer’s facility. These parts are either imported from China or supplied from local suppliers. India E-Rickshaw market is mainly dominated by local unorganised players with few established players. Some of the organised players operating in this industry include Saera Electric Auto, Atul Auto, Kinetic Green, Terra Motors, Ok Play, Hero Electric and Mahindra & Mahindra, which together hold nearly 15% of the market.
Key Player Analysis
The key players are the major contributors to the India Electric Rickshaw (E-Rickshaw) Market. Many top brands are listed as the key players in this market. They handle the marketing, promotions, and sales of the products around the regions. They are giving in their collective efforts to different regions of the world to help meet the demand requests. With the growing demands, the key players have improved their infrastructure for a higher pace of manufacturing the goods. All the regions perform well in the present forecast period as the key players have enhanced the manufacturing process to meet the increased demands and generate better sales and revenue to set the India Electric Rickshaw (E-Rickshaw) Market on a thriving stage in the present forecast period.
Drivers and Market Constraints
Many significant players are driving this Electric Rickshaw (E-Rickshaw) Market. Those drivers are pricing strategy, USP (unique selling points), market performance, customer need generation, customer satisfaction, product & service quality, technological advancement, strategic planning, etc. In this report, all opportunities and constraints are also mentioned as per the forecast period 2026. That can help this Electric Rickshaw (E-Rickshaw) Market to maintain its standard of level in the long run.
Description of regional impacts
The comprehensive study report has focused on this Electric Rickshaw (E-Rickshaw) Market impacts on other regions worldwide and tells about its market potentiality. This report can help this Electric Rickshaw (E-Rickshaw) Market beat the market competition by developing its product quality, specifications, strategies, etc. This report also analysed the market capitalization and market share value of the Electric Rickshaw (E-Rickshaw) Market compared to other regions.
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
• Initiative of OEM’s 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 Options:
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
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Some points from table of content:
1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY 15
3. EXECUTIVE SUMMARY 17
5. MARKET OVERVIEW 26
6. INDUSTRY PERFORMANCE 42
8. MARKET INSIGHST BY VEHICLE TYPE 46
9.1 General Overview 51
10. MARKET INSIGHT BY OWNERSHIP TYPE 56
11. MARKET INSIGHT BY REGION 61
12. GOVT. PROGRAMS AND INITIATIVES FOR EVS AND EV CHARGING OUTLETS 99
13. COMPETITIVE SCENARIO 103
14. COMPANY PROFILES 109
14.1 Terra Motors Corporation 109
14.1.1 Key Facts 109
14.1.2 Business Description 109
14.1.3 Key Product/Services Offerings 109
14.1.4 SWOT Analysis 110
14.1.5 Recent Developments 110
14.2 Hero Electric Vehicles Private Ltd. 111
14.2.1 Key Facts 111
14.2.2 Business Description 111
14.2.3 Key Product/Services Offerings 111
14.2.4 SWOT Analysis 112
14.2.5 Recent Developments 112
14.3 Atul Auto Ltd. 113
14.3.1 Key Facts 113
14.3.2 Business Description 113
14.3.3 Key Product/Services Offerings 114
14.3.4 SWOT Analysis 114
14.3.5 Key Financials 115
14.3.5.1 Revenue Split 116
14.3.6 Recent Developments 116
14.4 Electrotherm (India) Limited 117
14.4.1 Key Facts 117
14.4.2 Business Description 117
14.4.3 Key Product/Services Offerings 118
14.4.4 SWOT Analysis 118
14.4.5 Key Financials 119
14.4.5.1 Revenue Split 119
14.4.6 Recent Developments 120
14.5 OK Play India Limited 120
14.5.1 Key Facts 120
14.5.2 Business Description 121
14.5.3 Key Product/Services Offerings 121
14.5.4 SWOT Analysis 122
14.5.5 Key Financials 123
14.5.6 Recent Developments 124
14.6 Mahindra & Mahindra Limited 125
14.6.1 Key Facts 125
14.6.2 Business Description 125
14.6.3 Key Product/Services Offerings 126
14.6.4 SWOT Analysis 127
14.6.5 Key Financials 128
14.6.5.1 Revenue Split 129
14.6.6 Recent Developments 129
14.7 Kinetic Engineering Limited 130
14.7.1 Key Facts 130
14.7.2 Business Description 130
14.7.3 Key Product/Services Offerings 131
14.7.4 SWOT Analysis 131
14.7.5 Key Financials 132
14.7.6 Recent Developments 133
14.8 Lohia Auto Industries 134
14.8.1 Key Facts 134
14.8.2 Business Description 134
14.8.3 Key Product/Services Offerings 134
14.8.4 SWOT Analysis 135
14.8.5 Recent Developments 135
14.9 Saera Electric Auto Pvt. Ltd. 136
14.9.1 Key Facts 136
14.9.2 Business Description 136
14.9.3 Key Product/Services Offerings 136
14.9.4 SWOT Analysis 137
14.9.5 Recent Developments 137
14.10 GreenRick 138
14.10.1 Key Facts 138
14.10.2 Business Description 138
14.10.3 Key Product/Services Offerings 138
14.10.4 SWOT Analysis 139
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