Technology Startups in Electric 3W are looking to Manufacture an Alternate Eco-Friendly Mobility Option at a Cheaper Running Cost Expected to Drive the Electric 3W Market in India: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Electric 3 Wheelers accounted for only about 1% of the 2.8 lakh electric vehicles that availed purchase subsidies through Phase-1 of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-I) scheme between April 2015-March 2019. Amazon plans to add 10,000 electric rickshaws to its delivery fleet in India by 2025. Similarly, furnishing giant IKEA, and retail joints like Big Basket, Flipkart and Grofers are among those increasingly relying on e-rickshaws for clean and economical last-mile delivery. Emerging Trends in Electric 3W Market: The government of India began allowing the sale of e-3Ws without battery which significantly reduces purchase cost. The lightweight and compact nature of lithium-ion batteries, used in e-3Ws, makes it well-suited for the battery swapping model. In this model, a discharged battery can be replaced immediately with a fully charged one, offering consumers an experience similar to the re-fuelling of ICE vehicles. While the upfront cost may be reduced by about 30-40% for e-3Ws without battery, its operating cost will be relatively higher than e-3Ws with battery. E-3Ws with high assured utilization rates are a more profitable prospect for businesses, as they become cheaper to operate per km with increased utilization. This has been recognized by big companies in the Indian market. Government Initiatives to Support Electric 3 Wheelers: The government of India has been responsive in recognizing the need for transitioning to electric mobility and has developed policies and schemes to direct growth in this direction on numerous occasions. To boost electric mobility, the government aims to support through subsidies about 5 lakh electric three wheelers in the country. The focus is also on creating electric charging infrastructure to promote the usage. Phase-II of FAME India Scheme is being implemented with a total budgetary support of ₹ 10,000 crores. Apart from the measures at the national level, several state governments are also committed to promoting electric three-wheelers in their states to drive market growth. For instance, Delhi is paving the way for an e-3W market by offering both financial and non-financial incentives such as an open permit system, targeted purchase subsidies, interest subvention on loans, hire purchase scheme, scrapping incentives along with no additional cost permit exchange system etc. Kerala’s state EV policy offers another bold measure – the proposal to give commercial permits only to E- 3Ws. Impact of Covid-19: The sudden onset of the pandemic has posed a significant threat to India’s electric three-wheeler market as the production of vehicles has been hampered as a result of the lockdown. For a market that is trying to strengthen its position in the industry, COVID 19 came as a severe blow. However, as per the industry experts the EV three wheeler markets will recover swiftly from Covid-19 setback when compared to their ICE counterparts and their outlook remains strong in the medium term. As per EV market forecast by Frost and Sullivan, e-rickshaws, e-autos and e-two wheelers are the most promising segments for electrification in India and are expected to account for over four-million units by 2025. Investing in an electric three-wheeler is likely to aid in the preservation of air quality and the reduction of health risks in communities. Recently, the “Switch Delhi’ campaign was launched by Delhi’s Chief Minister, Mr. Arvind Kejriwal for promoting electric vehicles in the city. Additionally, after the implementation of the Delhi EV policy in August 2020, three-wheelers have become the most common EV segment in the city. Analysts at Ken Research in their latest publication “India Electric 3W 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” observed that the electric 3 wheeler market in India has a great potential to grow supported by numerous government initiatives. The electric three-wheelers would offer the lowest cost of transportation, with e-commerce delivery coming in and a higher need for last-mile connectivity solution As per EV market forecast by Frost and Sullivan, e-rickshaws, e-autos and e-two wheelers are the most promising segments for electrification in India and are expected to account for over four-million units by 2025. At the early phase of transition, when the support infrastructure hasn’t matured enough, financial incentives as well as non-financial incentives can help forge the transition to e-3Ws. Policy instruments such as scrappage incentives will further aid in accelerating the adoption of e-3W. 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:- India Commercial Two Wheeler Market Outlook to 2025: Driven by Changing Shopping Habits of Consumers and Rise in Demand from Tier II & Tier III cities India Rental Two Wheeler Market Outlook to 2025 – Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles India Used Two Wheeler Market Outlook to 2025- Driven by Increase in Workforce Migration and Aversion towards Using Public Transportation Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Allfine Industries 3 Wheeler Makers Market Shares, Allfine Industries Electric 3 Wheeler Makers Market Revenue, Atul Auto 3 Wheeler Makers Market Size, Bajaj Auto Ltd 3 Wheeler Makers Market Revenue, Best Way Agencies 3 Wheeler Makers Market Size, Best Way Agencies Electric 3 Wheeler Makers Market Shares, Champion Poly Plast 3 Wheeler Makers Market Size, Champion Poly Plast Electric 3 Wheeler Makers Market Revenue, Continental Engines 3 Wheeler Makers Market Shares, Covid-19 Impact India E-3 Wheeler Market, Covid-19 Impact India Electric Three Wheeler Industry, Covid-19 Impact India Electric Three Wheeler Market, Delta Autocorp Llp Electric 3 Wheeler Makers Market Shares, Delta Autocorp Llp3 Wheeler Makers Market Revenue, Dilli Electric Auto 3 Wheeler Makers Market Shares, Dilli Electric Auto Electric 3 Wheeler Makers Market Size, East Electric Three Wheeler Market, electric 3 wheeler sales in india, Electric Three Wheeler Industry In India, Electric Three Wheeler Market In India, Energy Electric Vehicles 3 Wheeler Makers Market Revenue, Energy Electric Vehicles Electric 3 Wheeler Makers Market Sales, Evaluation Study India Electric Three Wheeler Market, Evaluation Summary Report India Electric Three Wheeler Market, Evaluative Survey India Electric Three Wheeler Market, G.K. 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