Electric three wheelers are automotive vehicles, used to carry the passengers or goods/products which are frequently categorized under the light commercial vehicles. These vehicles are generally motor operated vehicles powered through the sealed lead acid batteries or lithium ion batteries that can be swapped or recharged after they run-out of charge. These vehicles are extensively used by ride hailing services and short range goods carriers. As with all electric vehicles, electric three-wheelers are gaining distinction because of their use of clean energy sources that control the pollution related problems.
As per analysis, “India Electric Three Wheeler Market Outlook to 2025- By Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and Non-Transport), Registration by Region (North, East, West, South) and Registration by State” some of the major players that are presently working in the India electric-three wheeler industry include YC Electric Vehicle, Saera Electric Auto Pvt Ltd, Dilli Electric Auto Pvt Ltd, Champion Poly Plast, Terra Motors India Pvt Ltd, Mini Metro Ev L.L.P, Best Way Agencies Pvt Ltd, Mini Metro Ev L.L.P, Mahindra & Mahindra Limited, Mahindra Reva Electric Vehicles Pvt Ltd, Grd Motors, Energy Electric Vehicles, J. S. Auto (P) Ltd, Pubang Etron Electric Motor Pvt Ltd, Unique International, Energy Electric Vehicles, Delta Autocorp Llp, Allfine Industries Pvt Ltd., Vani Electric Vehicles Pvt Ltd., G.K. Rickshaw, Zeniak Innovation India Ltd and among others. The leading manufacturers have adopted aggressive adoption strategies to preserve their competitive landscape positions across the country. This is expected to influence the market as these companies are projected to boost electric vehicle innovation during the forecast period.
Based on wheeler type, India electric three wheeler market is segmented as goods, passenger and personal. The passenger vehicle type holds major share in market owing to increase in use of passenger carrier for the movement of people as the country has poor road infrastructure and three wheelers are significantly used for last mile connectivity. Based on vehicle category, market is segmented as transport and non-transport. Electric three wheelers in country are generally transport vehicles as they are mainly goods or passenger carrier while non-transport vehicles are only those three wheelers that are used for the personal purpose.
The India electric three wheeler market is driven by growth in population, followed by rise in concerns over environmental pollution and increase in government policies to support the adoption of electric three-wheelers. However, lack of charging infrastructure may impact the market. Moreover, growth in inclination of people towards a sustainable mode of transportation over conventional vehicles is a major trend for market.
By regional and state analysis, in India, Northern and Eastern regions dominate the electric three wheeler market owing to various automotive industries are setting up their manufacturing units in this region. Apart from this, government of Delhi, Bihar, Uttar Pradesh, and West Bengal has taken different initiatives to promote the usage for Electric 3 wheeler. It is estimated that future of the India electric three wheeler market will be bright due to growth in need for last mile connectivity coupled with three wheelers being an inexpensive and eco-friendly alternative to cabs & taxi during the forecast period.
Key Segments Covered:-
By Wheeler Type
Passenger
Goods
Personal
By Vehicle Category
Transport
Non-Transport
Registration by Region
North
East
West
South
Registration by State:-
3 Wheeler Makers Covered:-
Bajaj Auto Ltd
Piaggio Vehicles Pvt Ltd
Atul Auto Ltd
Mahindra & Mahindra Limited
Yc Electric Vehicle
Tvs Motor Company Ltd
J. S. Auto (P) Ltd
Continental Engines Pvt Ltd
Saera Electric Auto Pvt Ltd
Mahindra Reva Electric Vehicles Pvt Ltd
Vani Electric Vehicles Pvt Ltd
Champion Poly Plast
Terra Motors India Pvt Ltd
Dilli Electric Auto Pvt Ltd
G.K. Rickshaw
Best Way Agencies Pvt Ltd
Thukral Electric Bikes Pvt Ltd
Scooters India Ltd
Mini Metro Ev L.L.P
Unique International
Grd Motors
Pubang Etron Electric Motor Pvt Ltd
Energy Electric Vehicles
Zeniak Innovation India Ltd
Allfine Industries Pvt Ltd
Delta Autocorp Llp
3 Wheeler Electric Makers Covered:-
YC Electric Vehicle
Mahindra & Mahindra Limited
Saera Electric Auto Pvt Ltd
Mahindra Reva Electric Vehicles Pvt Ltd
Vani Electric Vehicles Pvt Ltd
Champion Poly Plast
Terra Motors India Pvt Ltd
Dilli Electric Auto Pvt Ltd
G.K. Rickshaw
Best Way Agencies Pvt Ltd
Thukral Electric Bikes Pvt Ltd
Mini Metro Ev L.L.P
Unique International
Grd Motors
Pubang Etron Electric Motor Pvt Ltd
Energy Electric Vehicles
Zeniak Innovation India Ltd
J. S. Auto (P) Ltd
Allfine Industries Pvt Ltd
Delta Autocorp Llp
Key Target Audience:-
E-Three Wheeler OEMs
EV Charger Manufacturers
EV Battery Manufacturers
Consultancy Companies
Industry Associations
Regulatory Bodies
Time Period Captured in the Report:-
Historical Period – 2016-2020
Forecast Period – 2020-2025
For More Information on the research report, refer to below link:-
India Electric Three Wheeler Market
Related Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
