The outbreak of the COVID19 Corona Virus has made a serious impact not just as a health hazard but even on the economy. With the numbers of newly infected still rising in India, prolonged lockdowns and social distancing have become the norm. Thus owing to the current crisis, what the future holds for many sectors is still very uncertain. But the one thing is certain; the electric rickshaw sector especially the battery-operated rickshaw sector is bound to grow steadily in the time to come. As you would already be aware that many countries are moving towards an all-electric infrastructure including India, which currently also has a dedicated Electric Vehicles (EV) Policy. You might already know that the sector has been in focus in India in recent times with many incentives being announced.
A recent media report also states that the Indian Electric Sector is likely to see rapid growth until the year 2024.
Details of the Media Report
The media report was published by P&S Intelligence. As per the subject report, the Indian Electric Rickshaw report is projected to reach a whopping 935.5 thousand units by the year 2024. The report also states that the expected market growth would happen on account of the Government incentives coupled with the environmental policies and owing to the many advantages that the electric rickshaw in India offers over its competitors that include the Auto Rickshaws and cycle rickshaws. For addressing the rapidly degrading air quality in major cities the Government of India launched the Faster Adoption and Manufacturing (Hybrid) Electric Vehicles (FAME) in the year 2015. Along with the same, there were restrictive regulatory laws passed on the pollution caused by conventional gasoline-based vehicles. With som much happening in the sector and it now becoming a priority for both the central as well as state governments the scope for the electric rickshaw sector is many.
Startups coming up in the EV Sector
With so much cope for the EV Sector and especially the battery-operated sector, many startups have started coming up in the sector. Apart from this many automotive manufacturers too are taking a lot of interest in the sector. However with so much scope now there are many manufacturers too who have stepped in. But you need to be careful about whom you choose. Some are even fly by night operators. If you want to start up your business venture in the E-Rickshaw sector it is indeed the right thing to do.
But while doing so you also need the best manufacturers of Electric Rickshaws in the field who would provide you with the best electric rickshaws and parts associated with it.
Apart from this, the infrastructural part in terms of support to the dealers is of critical importance for you so that you develop a profitable partnership. When it comes to the supply of e-rickshaws in India, Jezza Motors is by far the best. You can find here the most trust-worthy e-rickshaws that have powerful motors that are suitable to carry any loads and for all types of road conditions. You would also get here the best parts that are very durable and the best infrastructural support as well so that your electric rickshaw business in India can flourish in a quick time. So without wasting any more time for the most profitable and future-oriented business model get in touch with us!!
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