India electric rickshaw market is anticipated to grow at a considerable CAGR during the forecast period. Rapid urbanization, rise in demand for improved public transport along with cohesive government initiatives and schemes are promoting the adoption of electric vehicles in the country. In November 2020, Uber, a major American company involved in ride-hailing, package delivery, couriers, and freight transportation services announced to deploy 500 electric rickshaws, the first three-wheeler products on its platform in Kolkata, India in November 2020.
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The electric rickshaws launch announced will be used to offers riders sustainable mobility solutions to support their travel needs, mainly short distances, and last-mile commutes. This move of Uber has enabled riders to book micro-mobility products on the Uber mobile application. This service is available as ‘Uber Toto’ along with other familiar products such as UberGo, Premium, rental in location across Howrah, Barasat, and Madhyamgram in North Kolkata, Rajarhat, and Salt Lake, and East Kolkata to improve options for rider. Such entry by global ride-hailing companies in the Indian market will propel the growth of the India electric rickshaw industry in the near future.
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Market Coverage
- The market number available for – 2018-2025
- Base year- 2019
- Forecast period- 2019-2025
- Segment Covered- By Vehicle Type, By Range, By Application
- Competitive Landscape- Mahindra & Mahindra, Lohia Auto Industries, Thakural Electric Bikes, Kinetic Green Energy & Power Solution Ltd., BABA E-Rickshaw, Hero Motocorp Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Electric Bus Market Report Segment
By Carrier Type
- Passenger Carrier
- Load Carrier
By Battery Type
- Lead Acid
- Li-ion
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