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NEW YORK, March 8, 2021 /PRNewswire/ Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR between 2020 and 2025. At this rate, the market size will likely rise to $1,394.2 million by 2025 from $786.2 million in 2019, according to the market research report published by P&S Intelligence.
Rides on electric rickshaws in the country, which are typically 1 km long, cost around INR 10 per head, which is way cheaper than sharing a two-wheeler or car or taking an autorickshaw. Moreover, if four people share an e-rickshaw for 5 km, the per person cost comes out to be INR 15, and the driver earns INR 120. Hence, another reason for the growth of the Indian electric rickshaw market is the favorable operational cost dynamics these vehicles o
India and Sri Lanka Electric Three Wheeler Market Is Expected To Witness Rapid Growth Of INR 1,910,845 7 Lakh By 2027: Business Market Insights – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.
tipFebruary 5, 2021 63
The electric three wheelers market in India was valued INR 708,520.3 Lakh in 2019 and is projected to reach INR 1,910,845.7 Lakh by 2027
The Business Market Insights provides you regional research analysis on “
India and Sri Lanka Electric Three Wheeler Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the India and Sri Lanka Electric Three Wheeler market during the forecast period, i.e., 2020–2027.
Electrification of auto-rickshaws plays an important role in meeting the transport requirement of many large and medium Indian cities and is critical for reducing air pollution and providing clean mobility solutions. The auto-rickshaws, generally three-wheelers, with both four and two-stroke internal combustion engines, a
Electric Three Wheelers Market 2021 Sets the Table for Continued Growth | Global Players and Forecast – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.
Global Electric Three-Wheeler Market In Terms Of Value Is Estimated To Reach USD 4.9 Billion By 2026, Registering A CAGR Of 11.10% During The Forecast Peri