India Electric Rickshaw Battery Market Size and Share Analysis by Vehicle (Passenger Carrier, Load Carrier), Battery Capacity (<101 Ah, >101 Ah), End-Use (OEM, Replacement), Battery Type (Lead–Acid, Lithium-Ion) - Growth Forecast to 2030

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Analysis Period

1.4 Market Data Reporting Unit

1.4.1 Volume

1.4.2 Value

1.5 Market Size Breakdown by Segment

1.5.1 Market Segmentation by Vehicle

1.5.2 Market Segmentation by Battery Capacity

1.5.3 Market Segmentation by End Use

1.5.4 Market Segmentation by Battery Type

1.5.5 Market Segmentation by State

1.6 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.1.1 Paid

2.1.2 Unpaid

2.1.3 P&S Intelligence Database

2.2 Primary Research

2.2.1 Breakdown of Primary Research, by State

2.2.2 Breakdown of Primary Research, by Industry Participant

2.2.3 Breakdown of Primary Research, by Designation

2.2.5 Breakdown of Primary Research, by Company Type

2.3 Market Size Estimation

2.3.1 Electric Rickshaw Market Size Estimation

2.3.2 Electric Rickshaw Battery Market Size Estimation

2.3.2.1 OEM market size estimation

2.3.2.2 Aftermarket size estimation

2.4 Data Triangulation

2.5 Currency Conversion Rates

2.6 Notes & Caveats

Chapter 3. Executive Summary

Chapter 4. Definition of Market Segments

4.1 Definition of Market Segments

4.1.1 By Vehicle

4.1.1.1 Passenger carrier

4.1.1.2 Load carrier

4.1.2 By Battery Capacity

4.1.2.1 <101 Ah

4.1.2.2 >101 Ah

4.1.3 Battery Type

4.1.3.1 Lead–acid

4.1.3.2 Lithium-ion

4.1.4 By End Use

4.1.4.1 OEM

4.1.4.2 Replacement

4.2 Value Chain Analysis

Chapter 5. Industry Outlook

5.1 Market Dynamics

5.1.1 Trends

5.1.1.1 Solar-charged electric rickshaws

5.1.1.2 Growing demand for electric rickshaws with higher battery capacity

5.1.1.3 Use of Li-ion batteries

5.1.1.4 Increasing penetration of electric loader rickshaws

5.1.2 Drivers

5.1.2.1 Favorable operational cost of electric rickshaws

5.1.2.2 Proliferation of electric rickshaws on Indian roads

5.1.2.3 Increasing average age of electric rickshaws

5.1.2.4 Impact analysis of drivers on market forecast

5.1.3 Restraints

5.1.3.1 Lack of clarity on operational guidelines for electric rickshaws

5.1.3.2 Substandard batteries offered by local players

5.1.3.3 Impact analysis of restraints on market forecast

5.2 Impact of COVID-19

5.3 Porter’s Five Forces Analysis

5.3.1 Bargaining Power of Buyers

5.3.2 Bargaining Power of Suppliers

5.3.3 Intensity of Rivalry

5.3.4 Threat of New Entrants

5.3.5 Threat of Substitutes

Chapter 6. Electric Rickshaw Incentives, Regulations, and Policies in India

6.1 Major Electric Vehicle Programs in India

6.2 NEMMP 2020

6.2.1 FAME II India Scheme Overview

6.2.2 FAME I India Scheme Overview & Impact

6.3 Localization of Electric Vehicle Component

6.4 Import Scenario of Electric Vehicle Component in India

6.4.1 Tax Structure for Import of Electric Vehicle Component in India

6.5 State Level Electric Vehicles Policies in India

Chapter 7. Electric Rickshaw Operation Patterns and Characteristics

7.1 Type and Length of Trips

7.2 Frequency of Trips

Chapter 8. India Market Size and Forecast

8.1 Overview

8.2 By Vehicle

8.3 By Battery Capacity

8.4 By Battery Type

8.5 By End Use

8.6 By State

Chapter 9. City-Level Market Size Estimation

9.1 Electric Rickshaw Battery Market Size Estimation

9.2 NCT Delhi Electric Rickshaw Battery Market Size Estimation

9.3 Competitive Scenario

9.3.1 Market Share Analysis of Key Players

9.4 Product and Warranty Analysis of Major Market Players

9.4.1 Aftersales Service Model

9.5 Battery Suppliers for Major Electric Rickshaw Manufacturers

Chapter 10. Battery Life and Usage Analysis

10.1 Battery Life and Cost Analysis

10.2 Battery Failure Rate, By Capacity

10.3 Battery Usage Patterns

10.4 Recent Strategic Developments of Key Players

10.4.1 Partnerships

10.4.2 Geographical Expansions

Chapter 11. Company Profiles

11.1 Exide Industries Ltd.

11.1.1 Business Overview

11.1.2 Product and Service Offerings

11.1.3 Key Financial Summary

11.2 Amara Raja Batteries Ltd.

11.2.1 Business Overview

11.2.2 Product and Service Offerings

11.2.3 Key Financial Summary

11.3 Eastman Auto and Power Limited

11.3.1 Business Overview

11.3.2 Product and Service Offerings

11.4 Okaya Power Pvt. Ltd.

11.4.1 Business Overview

11.4.2 Product and Service Offerings

11.5 Jay Ace Technologies Ltd.

11.5.1 Business Overview

11.5.2 Product and Service Offerings

11.6 Gem Batteries Pvt. Ltd.

11.6.1 Business Overview

11.6.2 Product and Service Offerings

11.7 Luminous Power Technologies Pvt. Ltd.

11.7.1 Business Overview

11.7.2 Product and Service Offerings

11.8 Z-Power Impex Private Limited

11.8.1 Business Overview

11.8.2 Product and Service Offerings

11.9 Microtex Energy Private Limited

11.9.1 Business Overview

11.9.2 Product and Service Offerings

11.10 Swastik Auto Industries

11.10.1 Business Overview

11.10.2 Product and Service Offerings

11.11 Aqueouss

11.11.1 Business Overview

11.11.2 Product and Service Offerings

11.12 MICRONIX

11.12.1 Business Overview

11.12.2 Product and Service Offerings

11.13 Leoch International Technology Limited

11.13.1 Business Overview

11.13.2 Product and Service Offerings

11.13.3 Key Financial Summary

11.14 Sparco Batteries

11.14.1 Business Overview

11.14.2 Product and Service Offerings

11.15 Livguard

11.15.1 Business Overview

11.15.2 Product and Service Offerings

11.16 LIVFAST

11.16.1 Business Overview

11.16.2 Product and Service Offerings

Chapter 12. Appendix

12.1 Abbreviations

12.2 Sources and References

12.3 Related Reports

 

List of Tables

TABLE 1 ANALYSIS PERIOD OF THE STUDY

TABLE 2 ELECTRIC RICKSHAW MARKET SIZE ESTIMATION

TABLE 3 ELECTRIC RICKSHAW SALES IN INDIA, BY MAJOR OEM (2022 VS 2021)

TABLE 4 DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 5 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 6 PROGRAMS AND THEIR IMPACT ON ELECTRIC RICKSHAW MARKET

TABLE 7 FUND ALLOCATION UNDER FAME II SCHEME

TABLE 8 INITIATIVES FOR EVS UNDER FAME II, BY VEHICLE TYPE

TABLE 9 PERCENTAGE REQUIREMENT FOR LOCALIZATION TO AVAIL INCENTIVES

TABLE 10 PROPOSED INCREASE OF CUSTOM DUTY 61

TABLE 11 STATE-LEVEL POLICIES TO PROMOTE ELECTRIC VEHICLE ADOPTION

TABLE 12 ANALYSIS OF TRIPS MADE BY ELECTRIC RICKSHAWS

TABLE 13 TRIP FREQUENCY ANALYSIS OF ELECTRIC RICKSHAWS

TABLE 14 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, ‘000 UNITS (2019–2024)

TABLE 15 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, ‘000 UNITS (2025–2030)

TABLE 16 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, ‘000 UNITS (2027–2030)

TABLE 17 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, $M (2019–2024)

TABLE 18 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, $M (2025–2030)

TABLE 19 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, $M (2027–2030)

TABLE 20 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2019–2024) 72

TABLE 21 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2025–2030) 72

TABLE 22 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2027–2030) 73

TABLE 23 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, $M (2019–2024)

TABLE 24 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, $M (2025–2030)

TABLE 25 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, $M (2027–2030)

TABLE 26 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, ‘000 UNITS (2019–2024)

TABLE 27 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, ‘000 UNITS (2025–2030)

TABLE 28 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, ‘000 UNITS (2027–2030)

TABLE 29 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, $M (2019–2024)

TABLE 30 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, $M (2025–2030)

TABLE 31 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, $M (2027–2030)

TABLE 32 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, ‘000 UNITS (2019–2024)

TABLE 33 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, ‘000 UNITS (2025–2030)

TABLE 34 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, ‘000 UNITS (2027–2030)

TABLE 35 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, $M (2019–2024)

TABLE 36 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, $M (2025–2030)

TABLE 37 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, $M (2027–2030)

TABLE 38 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, ‘000 UNITS (2019–2024)

TABLE 39 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, ‘000 UNITS (2025–2030)

TABLE 40 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, ‘000 UNITS (2027–2030)

TABLE 41 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, $M (2019–2024)

TABLE 42 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, $M (2025–2030)

TABLE 43 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, $M (2027–2030)

TABLE 44 ELECTRIC RICKSHAW BATTERY MARKET PERCENTAGE CONTRIBUTION (2023)

TABLE 45 DELHI ELECTRIC RICKSHAW BATTERY MARKET SHARE BREAKDOWN, BY REGION (2023)

TABLE 46 PRODUCT AND WARRANTY ANALYSIS OF MAJOR MARKET PLAYERS

TABLE 47 BATTERY SUPPLIERS FOR MAJOR OEMS

TABLE 48 BATTERY CAPACITY, COST, AND WARRANTY ANALYSIS

TABLE 49 BATTERY FAILURE RATE, BY CAPACITY

TABLE 50 EXIDE INDUSTRIES LTD. – AT A GLANCE

TABLE 51 EXIDE INDUSTRIES LTD. – KEY FINANCIAL SUMMARY

TABLE 52 AMARA RAJA BATTERIES LTD. – AT A GLANCE

TABLE 53 AMARA RAJA BATTERIES LTD. – KEY FINANCIAL SUMMARY

TABLE 54 EASTMAN AUTO AND POWER LIMITED – AT A GLANCE

TABLE 55 OKAYA POWER PVT. LTD. – AT A GLANCE

TABLE 56 JAY ACE TECHNOLOGIES LTD. – AT A GLANCE

TABLE 57 GEM BATTERIES PVT. LTD. – AT A GLANCE

TABLE 58 LUMINOUS POWER TECHNOLOGIES PVT. LTD. – AT A GLANCE

TABLE 59 Z-POWER IMPEX PRIVATE LIMITED – AT A GLANCE

TABLE 60 MICROTEX ENERGY PRIVATE LIMITED – AT A GLANCE

TABLE 61 SWASTIK AUTO INDUSTRIES – AT A GLANCE

TABLE 56 AQUEOUSS – AT A GLANCE

TABLE 57 MICRONIX – AT A GLANCE

TABLE 58 LEOCH INTERNATIONAL TECHNOLOGY LIMITED – AT A GLANCE

TABLE 59 LEOCH INTERNATIONAL TECHNOLOGY LIMITED – KEY FINANCIAL SUMMARY

TABLE 58 SPARCO BATTERIES – AT A GLANCE

TABLE 59 LIVGUARD – AT A GLANCE

TABLE 60 LIVFAST – AT A GLANCE

 

List of Figures

FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT

FIG 2 RESEARCH METHODOLOGY

FIG 3 BREAKDOWN OF PRIMARY RESEARCH, BY STATE

FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY INDUSTRY PARTICIPANT

FIG 5 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION

FIG 6 BREAKDOWN OF PRIMARY RESEARCH, BY COMPANY TYPE

FIG 7 DATA TRIANGULATION APPROACH

FIG 8 INDIAN ELECTRIC RICKSHAW BATTERY MARKET SUMMARY

FIG 9 VALUE CHAIN ANALYSIS

FIG 10 PORTER’S FIVE FORCES ANALYSIS

FIG 11 BARGAINING POWER OF BUYERS

FIG 12 BARGAINING POWER OF SUPPLIERS

FIG 13 INTENSITY OF RIVALRY

FIG 14 THREAT OF NEW ENTRANT

FIG 15 THREAT OF SUBSTITUTES

FIG 16 STATE-WISE DISTRIBUTION OF THE SAMPLE SIZE

FIG 17 INDIA ELECTRIC RICKSHAW BATTERY MARKET SNAPSHOT

FIG 18 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY VEHICLE, ‘000 UNITS (2019–2030)

FIG 19 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2019–2030)

FIG 20 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY BATTERY TYPE, ‘000 UNITS (2019–2030)

FIG 21 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY END USE, ‘000 UNITS (2019–2030)

FIG 22 INDIA ELECTRIC RICKSHAW BATTERY MARKET, BY STATE, ‘000 UNITS (2019–2030)

FIG 23 INDIA ELECTRIC RICKSHAW BATTERY MARKET SHARE OF KEY PLAYERS (2023)

FIG 24 IMPACT OF AFTERSALES SERVICE MODEL

FIG 25 EXIDE INDUSTRIES LTD. – REVENUE SPLIT BY GEOGRAPHY (2023)

FIG 26 AMARA RAJA BATTERIES LTD. – REVENUE SPLIT BY GEOGRAPHY (2023)

FIG 27 LEOCH INTERNATIONAL TECHNOLOGY LIMITED – REVENUE SPLIT BY GEOGRAPHY (2023)