India Electric Rickshaw Market Research Report: By Vehicle (Passenger Carrier, Load Carrier), Motor Power (<1,000 W, 1,000–1,500 W, >1,500 W), Battery Capacity (<101 Ah, >101 Ah), Sales Channel (Organised, Unorganised), State (Madhya Pradesh, Uttar Pradesh, Delhi, West Bengal, Rajasthan, Bihar, Haryana, Chhattisgarh, Uttarakhand, Punjab, Jharkhand, Assam, Tripura) – Competitive Analysis and Growth Forecast to 2025

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Vehicle

1.3.2 Market Segmentation by Motor Power

1.3.3 Market Segmentation by Battery Capacity

1.3.4 Market Segmentation by Sales Channel

1.3.5 Market Segmentation by State

1.3.6 Analysis Period

1.3.7 Market Data Reporting Unit

1.3.7.1 Value

1.3.7.2 Volume

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By state

2.2.1.2 By industry participant

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

3.1 Voice of Industry Experts/KOLs

Chapter 4. Introduction

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 Motor Power

4.1.2.1 <1,000 W

4.1.2.2 1,000–1,500 W

4.1.2.3 >1,500 W

4.1.3 By Battery Capacity

4.1.3.1 <101 Ah

4.1.3.2 >101 Ah

4.1.4 By Sales Channel

4.1.4.1 Organized

4.1.4.2 Unorganized

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Increase in investment by manufacturers

4.3.1.2 Entry of established automotive players in the electric rickshaw market

4.3.1.3 Growing demand for solar operated electric rickshaw

4.3.2 Drivers

4.3.2.1 Government incentives and environmental policies

4.3.2.2 Increased number of partnerships with government authorities and public bodies

4.3.2.3 Declining battery prices

4.3.2.4 Low-priced convenient solution for commuting

4.3.2.5 Impact analysis of drivers on market forecast

4.3.3 Restraints

4.3.3.1 Inadequate charging infrastructure

4.3.3.2 Lack of financial institution support

4.3.3.3 Lack of clarity on operational guidelines for electric rickshaws

4.3.3.4 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 Growing need for public transportation for first- and last-mile connectivity

4.3.4.2 Growing demand for Li-ion battery based electric rickshaws

4.4 Porter’s Five Forces Analysis

4.4.1 Bargaining Power of Buyers

4.4.2 Bargaining Power of Suppliers

4.4.3 Intensity of Rivalry

4.4.4 Threat of New Entrants

4.4.5 Threat of Substitutes

Chapter 5. COVID-19 Impact on Electric Rickshaw Market

5.1 Impact of COVID-19 on Electric Rickshaw Market

5.2 Impact of COVID-19 on Last Mile Connectivity

5.3 Impact of COVID-19 on Shared Mobility

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. India Market Size and Forecast

7.1 By Vehicle

7.2 By Motor Power

7.3 By Battery Capacity

7.4 By Sales Channel

7.5 By State

Chapter 8. City-Wise Electric Rickshaw in Operation

Chapter 9. Competitive Landscape

9.1 Major Electric Rickshaw Manufacturers in India

9.2 Market Share Analysis of Key Players

9.3 State Wise Top Manufacturers

9.4 Cost Break Up of Electric Rickshaw Components

9.5 Competitive Benchmarking of Key Players

Chapter 10. Company Profiles

10.1 Electrotherm (India) Ltd.

10.1.1 Business Overview

10.1.2 Product and Service Offerings

10.1.3 Key Financial Summary

10.2 Terra Motors Corporation

10.2.1 Business Overview

10.2.2 Product and Service Offerings

10.3 Hero Electric Vehicles Pvt. Ltd.

10.3.1 Business Overview

10.3.2 Product and Service Offerings

10.4 Kinetic Green Energy & Power Solutions Ltd.

10.4.1 Business Overview

10.4.2 Product and Service Offerings

10.5 Lohia Auto Industries

10.5.1 Business Overview

10.5.2 Product and Service Offerings

10.6 ATUL Auto Ltd.

10.6.1 Business Overview

10.6.2 Product and Service Offerings

10.7 Saera Electric Auto Pvt. Ltd.

10.7.1 Business Overview

10.7.2 Product and Service Offerings

Chapter 11. Appendix

11.1 Abbreviations

11.2 Sources and References

11.3 Related Reports

 

LIST OF TABLES

 

TABLE 1 ANALYSIS PERIOD OF THE STUDY

TABLE 2 RESEARCH METHODOLOGY

TABLE 3 FAME 2 POLICY AND FUND ALLOCATION

TABLE 4 INCENTIVE FOR DIFFERENT VEHICLE SEGMENT

TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 6 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 7 BARGAINING POWER OF BUYERS

TABLE 8 BARGAINING POWER OF SUPPLIERS

TABLE 9 INTENSITY OF RIVALRY

TABLE 10 THREAT OF NEW ENTRANTS

TABLE 11 THREAT OF SUBSTITUTES

TABLE 12 PROGRAMS AND THEIR IMPACT ON ELECTRIC RICKSHAW MARKET

TABLE 13 FUND ALLOCATION UNDER FAME II SCHEME

TABLE 14 INITIATIVES FOR EVS UNDER FAME II, BY VEHICLE TYPE

TABLE 15 PERCENTAGE REQUIREMENT FOR LOCALIZATION TO AVAIL INCENTIVES

TABLE 16 PROPOSED INCREASE OF CUSTOM DUTY

TABLE 17 STATE-LEVEL POLICIES TO PROMOTE ELECTRIC VEHICLE ADOPTION

TABLE 18 INDIA ELECTRIC RICKSHAW MARKET, BY VEHICLE, ‘000 UNITS (2014–2019)

TABLE 19 INDIA ELECTRIC RICKSHAW MARKET, BY VEHICLE, ‘000 UNITS (2020–2025)

TABLE 20 INDIA ELECTRIC RICKSHAW MARKET, BY VEHICLE, $M (2014–2019)

TABLE 21 INDIA ELECTRIC RICKSHAW MARKET, BY VEHICLE, $M (2020–2025)

TABLE 22 INDIA ELECTRIC RICKSHAW MARKET, BY MOTOR POWER, ‘000 UNITS (2014–2019)

TABLE 23 INDIA ELECTRIC RICKSHAW MARKET, BY MOTOR POWER, ‘000 UNITS (2020–2025)

TABLE 24 INDIA ELECTRIC RICKSHAW MARKET, BY MOTOR POWER, $M (2014–2019)

TABLE 25 INDIA ELECTRIC RICKSHAW MARKET, BY MOTOR POWER, $M (2020–2025)

TABLE 26 INDIA ELECTRIC RICKSHAW MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2014–2019)

TABLE 27 INDIA ELECTRIC RICKSHAW MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2020–2025)

TABLE 28 INDIA ELECTRIC RICKSHAW MARKET, BY BATTERY CAPACITY, $M (2014–2019)

TABLE 29 INDIA ELECTRIC RICKSHAW MARKET, BY BATTERY CAPACITY, $M (2020–2025)

TABLE 30 INDIA ELECTRIC RICKSHAW MARKET, BY SALES CHANNEL, ‘000 UNITS (2014–2019)

TABLE 31 INDIA ELECTRIC RICKSHAW MARKET, BY SALES CHANNEL, ‘000 UNITS (2020–2025)

TABLE 32 INDIA ELECTRIC RICKSHAW MARKET, BY SALES CHANNEL, $M (2014–2019)

TABLE 33 INDIA ELECTRIC RICKSHAW MARKET, BY SALES CHANNEL, $M (2020–2025)

TABLE 34 INDIA ELECTRIC RICKSHAW MARKET, BY STATE, ‘000 UNITS (2014–2019)

TABLE 35 INDIA ELECTRIC RICKSHAW MARKET, BY STATE, ‘000 UNITS (2020–2025)

TABLE 36 INDIA ELECTRIC RICKSHAW MARKET, BY STATE, $M (2014–2019)

TABLE 37 INDIA ELECTRIC RICKSHAW MARKET, BY STATE, $M (2020–2025)

TABLE 38 CITY-WISE ELECTRIC RICKSHAW IN OPERATION (2019)

TABLE 39 ELECTRIC RICKSHAW/ELECTRIC CART MANUFACTURERS, MODELS, SPECIFICATIONS, AND BATTERY SUPPLIERS

TABLE 40 COST BREAK UP OF ELECTRIC RICKSHAW COMPONENTS

TABLE 41 ELECTROTHERM (INDIA) LTD. – AT A GLANCE

TABLE 42 ELECTROTHERM (INDIA) LTD. – KEY FINANCIAL SUMMARY

TABLE 43 TERRA MOTORS CORPORATION – AT A GLANCE

TABLE 44 HERO ELECTRIC VEHICLES PVT. LTD. – AT A GLANCE

TABLE 45 KINETIC GREEN ENERGY & POWER SOLUTIONS LTD. – AT A GLANCE

TABLE 46 LOHIA AUTO INDUSTRIES – AT A GLANCE

TABLE 47 ATUL AUTO LTD. – AT A GLANCE

TABLE 48 SAERA ELECTRIC AUTO PVT. LTD. – AT A GLANCE

 

LIST OF FIGURES

 

FIG 1 RESEARCH SCOPE

FIG 2 RESEARCH METHODOLOGY

FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY STATE

FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT

FIG 5 DATA TRIANGULATION APPROACH

FIG 6 INDIA ELECTRIC RICKSHAW MARKET SUMMARY

FIG 7 OPINION OF INDUSTRY EXPERTS/KOLS

FIG 8 VALUE CHAIN ANALYSIS

FIG 9 PORTER’S FIVE FORCES ANALYSIS

FIG 10 INDIA ELECTRIC RICKSHAW MARKET, BY VEHICLE, ‘000 UNITS (2014–2025)

FIG 11 INDIA ELECTRIC RICKSHAW MARKET, BY MOTOR POWER, ‘000 UNITS (2014–2025)

FIG 12 INDIA ELECTRIC RICKSHAW MARKET, BY BATTERY CAPACITY, ‘000 UNITS (2014–2025)

FIG 13 INDIA ELECTRIC RICKSHAW MARKET, BY SALES CHANNEL, ‘000 UNITS (2014–2025)

FIG 14 INDIA ELECTRIC RICKSHAW MARKET, BY STATE, ‘000 UNITS (2014–2025)

FIG 15 INDIA ELECTRIC RICKSHAW MARKET SHARE OF KEY PLAYERS (2019)

FIG 16 STATE WISE TOP MANUFACTURERS (2019)

FIG 17 BENCHMARKING OF KEY PLAYERS (2019)

FIG 18 ELECTROTHERM (INDIA) LTD. – REVENUE SPLIT BY SEGMENT (2019)