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India Electric Rickshaw Companies (2024 - 2029)

Numerous companies are making their mark in the electric vehicle industry, with a wide range of offerings from electric bikes to auto rickshaws. These firms are revolutionizing the industry by providing eco-friendly, energy-efficient solutions. Synonymous with innovation, these enterprises are leading the charge in sustainable transportation, demonstrating their commitment to reducing carbon emissions and promoting green energy. With their cutting-edge designs and advanced technology, these corporations are paving the way for a cleaner, greener future.

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Top Companies in India Electric Rickshaw Market

This report lists the top India Electric Rickshaw companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the India Electric Rickshaw industry.

  1. Mahindra Electric Mobility Limited

  2. Kinetic Green Energy & Power Solutions Ltd

  3. Terra Motors India Corp.​

  4. Piaggio Vehicles Pvt. Ltd

  5. Zuperia Auto Pvt. Ltd

*Disclaimer: Top companies sorted in no particular order

India Electric Rickshaw Market Major Players

India Electric Rickshaw Market Concentration

India Electric Rickshaw Market Concentration

India Electric Rickshaw Company List

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Government Initiatives and Subsidies Help Boost Electric Rikshaw Sales in India

    2. 4.2 Market Restraints

      1. 4.2.1 Limited Charging Infrastructure and Range Anxiety May Hamper the Growth of Electric Rikshaw Sales in India

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Buyers/Consumers

      2. 4.3.2 Bargaining Power of Suppliers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By End User

      1. 5.1.1 Passenger Carriers

      2. 5.1.2 Goods Carriers

    2. 5.2 By Battery Type

      1. 5.2.1 Lithium-ion Battery

      2. 5.2.2 Lead Acid Battery

      3. 5.2.3 Other Battery Types

    3. 5.3 By Battery Capacity

      1. 5.3.1 Up to 3 KWh

      2. 5.3.2 More than 3 KWh

    4. 5.4 By States

      1. 5.4.1 Maharashtra

      2. 5.4.2 Uttar Pradesh

      3. 5.4.3 Tamil Nadu

      4. 5.4.4 Rajasthan

      5. 5.4.5 Punjab

      6. 5.4.6 Karnataka

      7. 5.4.7 Delhi

      8. 5.4.8 Telangana

      9. 5.4.9 Rest of India

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Terra Motors India Corp.

      2. 6.2.2 Piaggio Vehicles Pvt. Ltd

      3. 6.2.3 Kinetic Green Energy & Power Solutions Ltd

      4. 6.2.4 Mahindra Electric Mobility Limited

      5. 6.2.5 ATUL Auto Limited

      6. 6.2.6 Goenka Electric Motor Vehicles Private Limited

      7. 6.2.7 Adapt Motors Private Limited

      8. 6.2.8 Saera Electric Auto Private Limited

      9. 6.2.9 Vani Electric Vehicles Pvt. Ltd (Jezza Motors)

      10. 6.2.10 Udaan E Rickshaw

      11. 6.2.11 Thukral Electric Bikes

      12. 6.2.12 Mini Metro EV LLP

      13. 6.2.13 E-Ashwa Automotive Private Limited

      14. 6.2.14 CityLife EV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS


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Competitive Landscape Report Includes

Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.

India Electric Rickshaw Market Companies Summary

The Indian electric rickshaw market has seen significant growth, spurred on by supportive government policies and the availability of affordable models. The market faced setbacks due to the COVID-19 pandemic, but rebounded as conditions normalized. The increasing concern over pollution and stricter emission regulations have further boosted the market, with the government promoting electric vehicles in public transportation, particularly two-wheelers, three-wheelers, taxis, and buses. The lower cost of transport, affordable pricing, and maneuverability of rickshaws in urban areas have driven their demand. The passenger carrier segment is expected to dominate the electric rickshaw market in the future due to the growing urban population and the need for cost-effective transportation. These factors, along with the expected ban on fuel-powered vehicles, are shifting consumer preference towards e-rickshaws. There is a growing trend of launching new models among electric rickshaw manufacturers, which is likely to contribute to the growth of the market. Electric rickshaws are seen as a viable solution for daily commuters due to their low running costs and zero tailpipe emissions, making them a suitable low-cost shared mode of public transport for last-mile connectivity.

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India Electric Rickshaw Companies - Table of Contents

  1. 1. COMPETITIVE LANDSCAPE

    1. 1.1 Vendor Market Share

    2. 1.2 Company Profiles*

      1. 1.2.1 Terra Motors India Corp.

      2. 1.2.2 Piaggio Vehicles Pvt. Ltd

      3. 1.2.3 Kinetic Green Energy & Power Solutions Ltd

      4. 1.2.4 Mahindra Electric Mobility Limited

      5. 1.2.5 ATUL Auto Limited

      6. 1.2.6 Goenka Electric Motor Vehicles Private Limited

      7. 1.2.7 Adapt Motors Private Limited

      8. 1.2.8 Saera Electric Auto Private Limited

      9. 1.2.9 Vani Electric Vehicles Pvt. Ltd (Jezza Motors)

      10. 1.2.10 Udaan E Rickshaw

      11. 1.2.11 Thukral Electric Bikes

      12. 1.2.12 Mini Metro EV LLP

      13. 1.2.13 E-Ashwa Automotive Private Limited

      14. 1.2.14 CityLife EV

India Electric Rickshaw Companies FAQs

Mahindra Electric Mobility Limited, Kinetic Green Energy & Power Solutions Ltd, Terra Motors India Corp.​, Piaggio Vehicles Pvt. Ltd and Zuperia Auto Pvt. Ltd are the major companies operating in the India Electric Rickshaw Market.

E Rickshaw Market in India Report Snapshots

Electric Rickshaw Market in India Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)