India Electric Loader Rickshaw Market Demand by 2030

India Electric Loader Rickshaw Market Trends, Emerging
Opportunities, And Top Key Players By 2030
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As per the India Brand Equity Foundation (IBEF), the e-commerce sector in the country is
witnessing significant growth, and it is expected to surpass that of the U.S. to become the
second-largest in the world by 2034. The prospering e-commerce sector, on account of the
surging penetration of smartphones and the internet and changing consumption patterns, will
augment the deployment of electric loader rickshaws for cargo delivery. Owing to this reason,
the Indian electric loader rickshaw market will advance at a considerable rate during 2020–
2030.
The presence of such vehicles on Indian roads has surged in the last two years owing to the
rising environmental concerns and technological advancements in the automobile industry. To
mitigate the rising air pollution levels, the central government and state governments are
offering incentives and subsidies on electric three-wheelers, thereby fueling the production
and adoption of electric loader rickshaw across India. These vehicles can carry cargo loads of
up to 450 kg, thus making them ideal for light-to-medium-duty urban freight transport
operations.
According to P&S Intelligence, the Indian electric loader rickshaw market has a strong
presence in Ahmedabad. Around 70% of all the electric rickshaws in Ahmedabad are loader
rickshaws, whereas in Gurugram, 15%–20% are loader rickshaws. Moreover, the percentage
of electric loaders is rising in the electric cargo three-wheeler fleet of Delhi. Apart from these,
several cities of Uttar Pradesh, Madhya Pradesh, West Bengal, Bihar, Rajasthan, Punjab,
Assam, and Jharkhand are adopting a significant number of electric loader rickshaws.
The requirement for these three-wheelers in different states of India is met by Victory Electric
Vehicles International Pvt. Ltd., Kinetic Green Energy & Power Solutions Ltd., Lohia Auto
Industries, Hero Electric Vehicles Pvt. Ltd., and Terra Motors Corp. These companies are
focusing on expanding their production capacities and introducing new and improved variants
due to the favorable government policies and high preference for technologically advanced
and energy-efficient vehicles.
Thus, the progressing e-commerce sector and rising government support will boost the
number of electric loader rickshaws on Indian roads.
Based on Application
E-Commerce
Municipality
Logistics
Food and Grocery
Based on Battery Type
Lithium-Ion (Li-Ion)
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Lead–Acid
Based on Motor Power
<1,000 W
1,000–1,500 W
>1,500 W
Based on State
Delhi
Uttar Pradesh
Madhya Pradesh
West Bengal
Rajasthan
Bihar
Haryana
Punjab
Jharkhand
Assam
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