Electric Three-Wheeler Market Introduction Electric three-wheeler, also referred to as e-rickshaw, is an electrically powered three-wheeler used to carry both passengers and utility. It is considered as a common form of urban and sub-urban transport. Electric three-wheeler comprises an electric motor that is powered by a rechargeable battery. Moreover, latest electric three-wheeler vehicles contain plug-in charging options, while earlier, the battery of the three-wheel was charged after removing it from the vehicle. Global Electric Three-Wheeler Market - Competitive Landscape
In 2018 MOVE Summit, Bajaj Auto Limited introduced its new electric auto rickshaw for the market in India. The company’s new electric three-wheeler is likely to be a part of the soon to be launched 'Urbanite' sub-brand from Bajaj Auto Limited. It is expected to handle the brand's electric vehicles in the market in India. In terms of terms of features, the new threewheeler is projected to contain powerful headlamps, fully-digital instrument cluster, and a standard fire extinguisher.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70434 Mahindra & Mahindra Ltd. Established in 1945, Mahindra & Mahindra Ltd. is currently based in Mumbai, India. Mahindra & Mahindra Ltd. engages in the design, development, manufacture, sales, and supply of automotive, automotive systems, and automotive equipment around the world. The company has a presence in over 100 countries worldwide. In 2018, it invested over US$ 0.102 Bn in research and development activities. Piaggio & C. SpA Founded in 1884, Piaggio & C. SpA is presently based in Pontedera, Italy. The company specializes in the manufacture of automobiles such as two-wheelers, three-wheelers, and commercial vehicles. It also is a key player in the field of robotics across the globe. Piaggio & C. SpA Group’s brands include Piaggio, Aprilia, Vespa, Gilera, Moto Guzzi, and Derbi. Bodo Vehicle Group Co., Ltd. Established in 1997, Bodo Vehicle Group Co., Ltd. is presently based in Tianjin, China. The company has been manufacturing electric vehicles since 1997. The company manufactures various electric vehicles including electric three-wheelers, electric bicycles, electric scooters, and electric cars. Bodo Vehicle Group Co., Ltd. caters to customers in 46 countries, and it is a leading electric vehicle brand in China. Global Electric Three-Wheeler Market - Dynamics Rising preference for electric vehicles over fossil fuel vehicles driving demand for electric threewheelers Surge in awareness among society about emissions has significantly driven society’s preferences toward electric mobility, especially for public transportation. Countries with large middle class populations are adopting electric three-wheelers at a significant pace. Moreover, rising price of fuel is prompting consumers to prefer electric three-wheelers, as they are significantly cost-effective in the long-term. Moreover, they require very less maintenance, as compared to that required by traditional fossil fuel powered three-wheelers.