Driving the Green Mobility Revolution

The market for battery operated electric rickshaws in India is witnessing a major change with increasing adoption and interest of both the entrepreneurs and the manufacturers. It has also become a central piece of India’s effort to achieve sustainable urban mobility, particularly in semi-urban and rural areas where last mile connectivity is vital. This mode of transport has become profitable in view of the growing awareness of environmental issues and the change in consumer preferences. Manufacturers are also coming up with cost efficient low maintenance vehicles that can be used by small scale transport operators. These battery operated e-rickshaws have been a driver of choice for thousands of drivers who seek entry into the transportation sector without a heavy initial investment and easy to service build. Both regulatory bodies and urban planners who seek to decrease pollution in cities have also been favorably impressed by their silent operation and emission free performance.

New players from nimble startups to established automotive manufacturers are entering the landscape. Vehicle design and performance innovation is being pushed, as are battery systems, digital integration and fleet solutions. Manufacturers are consolidating around localized assembly and component manufacturing hubs which allow for more streamlined production, and more efficient meeting of regional demand. As the technology advances and the support services’ ecosystem grows, the battery operated e-rickshaw industry is moving from an informal, fragmented market to a more professionalized, extensive model that is commensurate with India’s ambition to electrify.

In this special issue, we introduce you to the top companies from this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.

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