In India, the
most important factor fuelling the rise in the demand for electric rickshaw
motors and controllers is the mushrooming number of electric rickshaws
operating in the country on account of the soaring number of incentives and
polices being implemented by the Indian government. The number of electric
rickshaws running on the roads of the country increased by almost 600,000 between
2014 and 2018. Moreover, the total number of electric rickshaws in India was
found to be more than 700,000 in 2018.
The other
major factor responsible for the surge in the demand for electric rickshaw motors and controllers in India is the rising average operational life of
electric rickshaws in the country. There has been a massive rise in the
manufacturing of electric rickshaws in India by major organized multinational
corporation (MNCs) over the last few years (especially since the Goods and
Services Tax [GST] rollout). These electric rickshaws, owing to their superior
build and quality, have a higher average life span (3.6 years) than the
rickshaws manufactured by the unorganized and local companies (2.2 years).
In India, Delhi recorded the highest adoption of electric rickshaw motors and controllers in 2018. This is mainly attributed to the large volume of sales of electric rickshaws in the city since 2013. In addition to this, the Delhi government announced in 2016 that it would provide a subsidy of $439.6 on the purchase of electric rickshaws. Due to this factor, the Indian electric rickshaw motor and controller market registered huge progress in Delhi during 2016–2018, which, in turn, created a huge demand for motors and controllers in the city during that period.
Therefore,
the demand for electric rickshaw motors and controllers is certain to skyrocket
in India over the next few years, owing to the rising adoption of electric
rickshaws in the country because of the favorable government measures and the
numerous advantages offered by these vehicles over the conventional rickshaws.
