| Customization: | Available |
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| After-sales Service: | Including |
| Warranty: | 6 Months |
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| Motor type: | Brushless direct current motor |
| Power (watt) : | 48V/4000W motor |
| Controller: | 36 mos controller |
| Rear axle | Independent suspension |
| Charge Voltage: | 220V,50HZ |
| Charging time | 6-10hours |
| Transmission mode: | Differential |
| Top Speed (km/h) : | ≤45km/h |
| Continued trip mileage: | ≤70km |
| Climbing ability | ≤30degree |
| Windshield,roof and curtain | Included |
| Front Wheel Size | 4.50-10 |
| Rear Wheel Size: | 4.50-10 |
| Brake type: | Double rear oil drum brake |
| Ground Clearence : | 280mm |
| Dimension: | 2700mm*1340mm*1720mm |
| N.W( kg without battery) : | 310KG |
| Max load capacity: | ≤500kg |
| No of passenger (including driver): | 3 persons |
| Battery type: | 12v 120ah lithium battery group |
| Battery Quantity: | 4pcs |
| Charger | on board 25A cooper wire charger |
| Container QTY | 35pcs/40'HQ |
E-Rickshaws: Driving the change for women entrepreneurs
India Electric Rickshaw Market Overview
The Indian electric rickshaw market was valued at $786.2 million in 2019 and is expected to reach $1,394.2 million by 2025, advancing at a CAGR of 33.3% during the forecast period (2020-2025). Increasing government incentives to boost the adoption of electric vehicles (EVs) and the implementation of stringent environmental policies in view of the growing concerns over rising air pollution are driving the market growth.
In addition, factors such as the growing end-user affordability, cost advantage over auto rickshaws, better daily earnings than cycle rickshaws, and increasing investments by manufacturers for the design and development of more efficient and affordable rickshaws are expected to benefit and boost the market during the forecast period.
The unorganized and local players operating in the market are expected to be severely impacted by the virus pandemic. It is also estimated that 30% of these manufacturers/assemblers will permanently shut down their business post virus. The sales figures are expected to reach the 2019 level in 2022, with the market gradually recovering thereafter.
The challenges related to imports and the rising India-China dispute will promote the local and in-house development of EV components in India in the coming years. The price of electric rickshaws is also expected to increase by nearly 8-10% in the short term. Moreover, the share of load carrier electric rickshaws is projected to increase significantly during the forecast period, on account of the need for the last-mile transportation of logistic goods, including fruits and vegetables
High Passenger Base Leading to Inflated Demand for Electric Rickshaws
Passenger carriers dominated the Indian electric rickshaw market during the historical period (2014-2019) and are expected to continue holding a larger market share, in terms of both value and volume, in the coming years as well. This can be majorly attributed to the growing need for public transportation for first- and last-mile connectivity in the country. The market for this category is also driven by the rapidly increasing urban population in the country.
Cost Benefit of 1,000-1,500 W Electric Rickshaws
Rickshaws of 1,000-1,500 W motor power contributed the largest revenue to the Indian electric rickshaw market during the historical period, accounting for more than 50% in 2019. This can be ascribed to the optimum benefit-cost ratio offered by these vehicles. During the forecast period; however, the market is expected to witness the fastest growth in the category of electric rickshaws of motor power greater than 1,500 W, as the demand for rickshaws with higher speed and range continues to rise in the country.
Higher-Battery-Capacity Rickshaws to Witness Strong Demand in the Future
The Indian electric rickshaw market has also been categorized into rickshaws with battery capacity <101 Ah and rickshaws with battery capacity >101 Ah. Of the two, faster growth in the market during the forecast period is expected for electric rickshaws with battery capacity >101 Ah. The growing demand for rickshaws that can travel long distances without requiring frequent charging is a major growth driver for this market category.
Lack of Regulatory Policies Leading to Market Dominance of the Unorganized Category
The unorganized category dominated the market during the historical period. The availability of low-cost electric rickshaws and their less complex powertrain, as well as the lack of a regulatory framework, has supported the growth of the unorganized, local players in the market.
Huge Demand for Electric Rickshaws in Delhi Led to Its Share as the Largest Market
Delhi was the largest market for electric rickshaws during the historical period. The sales of electric rickshaws have picked up here since 2013. In response to the increasing levels of air pollution in the capital, the Delhi government has also announced a subsidy of $413 (INR 30,000) on the purchase of electric rickshaws. This, in turn, has led to the proliferation in their demand in the city, further benefitting the market.
Rapid Urbanization in Uttar Pradesh Resulting in High Demand for These Rickshaws
Uttar Pradesh is expected to be the largest electric rickshaw market in India during the forecast period, primarily due to the growing demand for these rickshaws in Tier-1 cities, Tier-2 cities, and the rural-urban fringe. Besides, other states such as Bihar, West Bengal, and Assam are witnessing a significant demand for these rickshaws.
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