Industry Overview
India’s electric three wheeler market was projected to cross $ 1 billion in FY 2023F. The growth of the market has been driven by the growing need to curb air pollution levels, along with increasing government incentive schemes supporting the manufacturing and use of electric three wheelers. Rising affordability of electric three wheelers has also contributed to their wider adoption across the country. Electric three wheelers, commonly represented by e-rickshaws, provide an alternative mobility solution for passenger and commercial applications.
Increasing investments by electric vehicle manufacturers in the development of more advanced, efficient and affordable electric three wheelers are expected to support continued market development. The industry encompasses e-rickshaws, e-loaders and the retrofit of fuel-powered three wheeler auto rickshaws into electric three wheelers. Manufacturing activities involve fabrication, powder coating, assembly, electrical and mechanical integration, quality control, testing and compliance. The report also covers vehicle classifications, major components, specifications, market dynamics, safety and security, plant layout, approval requirements, and suppliers of raw materials, components, machinery and equipment.
Cost Estimation
| Particulars | Value |
|---|---|
| Plant Capacity | 100.00 Nos/day |
| Land & Building | Rented |
| Plant & Machinery | Rs. 73.65 Lacs |
| Working Capital for 2 Months | Rs. 62.63 Cr |
| Total Capital Investment | Rs. 63.65 Cr |
| Rate of Return | 50% |
| Break Even Point | 24% |
Content Index
- INTRODUCTION
- CLSSIFICATION OF MOTOR VEHICLES WITH LESS THAN FOUR WHEELS
- 1. CATEGORY L1:
- 2. CATEGORY L2:
- 3. CATEGORY L3:
- 4. CATEGORY L4:
- 5. CATEGORY L5:
- (A) E-RICKSHAW
- CONSTRUCTION OF E-RICKSHAW
- MAJOR PARTS AND COMPONENTS
- ELECTRIC MOTOR:
- ELECTRONIC MOTOR CONTROLLER:
- BATTERY:
- DIFFERENTIAL:
- FRONT SHOCK ABSORBERS:
- BRAKES:
- SPEEDOMETER/INDICATOR
- STEERING:
- MISCELLANEOUS SPARE PARTS:
- ADVANTAGES OF E-RICKSHAWS
- DISADVANTAGES OF E-RICKSHAWS
- SPECIFICATION OF E-RICKSAW
- (B) E-LOADER
- E-LOADER SPECIFICATIONS
- (C) RETROFIT OF FUEL THREE WHEELER AUTO RICKSHAW INTO ELECTRIC THREE WHEELER AUTO RICKSHAW
- REASONS FOR CONVERSION
- TECHNICAL SPECIFICATION OF RETROFIT THREE WHEELER ELECTRIC RICKSHAW
- RETROFITTED AUTO
- TECHNICAL SPECIFICATION
- B.I.S. SPECIFICATION
- PROCESS FLOW CHART FOR E-RICKSHAW AND E-LOADER
- PROCESS OF MANUFACTURING THROUGH FLOW SHEET
- SUB ASSEMBLIES ARE:-
- FABRICATION PROCESS
- POWDER COATING PROCESS
- ASSEMBLING PROCESS OF E-RICKSHAW AND E-LOADER
- ASSEMBLING & FITTING PROCESS
- QUALITY CONTROL
- A. SPECIFICATIONS OF THE 4 -SEATER E RICKSHAW:
- B. FITNESS, COMPLIANCE & TEST CERTIFICATES TO BE SUBMITTED FOR THE E-RICKSHAW:
- D. MOTOR CONTROLLER AND THE POWER SUPPLY SYSTEM:
- E. STORAGE BATTERY:
- F. MECHANICAL POWER TRANSMISSION:
- G. OVERALL RICKSHAW DESIGN:
- H. SUPPLIER/MANUFACTURER CONDITIONS:
- I. TESTING
- MARKET OVERVIEW
- INDIA ELECTRIC RICKSHAW MARKET OVERVIEW
- INDIA ELECTRIC RICKSHAW MARKET, BY MOTOR POWER, '000 UNITS (2013-2023)
- INDIA ELECTRIC RICKSHAW MARKET
- INDIA ELECTRIC RICKSHAW MARKET DYNAMICS
- DRIVER
- RESTRAINT
- INDIA ELECTRIC RICKSHAW MARKET COMPETITIVE LANDSCAPE
- TERRA MOTORS EYES 30,000 E-RICKSHAWS SALES IN INDIA BY YEAR-END (2016-17)
- SAFETY AND SECURITY
- ELECTRIC RICKSHAW FROM CHINA FOR INDIA AND BANGLADESH
- BATTERY OPERATED E-RICKSHAWS IN THE STATE OF DELHI
- THE SOCIO-ECONOMIC ASPECT INTO CONSIDERATION
- BATTERY OPERATED E RICKSHAW IN DELHI
- 46% OF THESE MIGRATED FROM NORTHERN INDIA.
- APPROVAL, VERIFICATION AND AUTHORISATION
- PLANT LAYOUT
- MANUFACTURERS/SUPPLIERS OF ELECTRICAL THREE WHEELER
- SUPPLIERS OF RAW MATERIALS
- SUPPLIERS OF ROOF OF E–THREE WHEELER
- SUPPLIERS OF CHASSIS FRAME
- SUPPLIERS OF REAR AXLE
- SUPPLIERS OF DIFFERENTIAL
- SUPPLIERS OF WHEEL
- SUPPLIERS OF BATTERY
- SUPPLIERS OF BATTERY CHARGER
- SUPPLIERS OF LIGHT ASSEMBLY
- SUPPLIERS OF BRAKES
- SUPPLIERS OF T-HANDLE SET
- SUPPLIERS OF PLANT AND MACHINERY
- SUPPLIERS OF COMPELETE ASSYMBLY LINE
- SUPPLIERS OF POWER PRESS
- SUPPLIERS OF SHEARING MACHINE
- SUPPLIERS OF ROLLING MACHINE
- SUPPLIERS OF SHEET BENDING MACHINE
- SUPPLIERS OF PUNCHING PRESS
- SUPPLIERS OF POWER HACSAW
- SUPPLIERS OF GRINDING MACHINE
- SUPPLIERS OF DRILLING, LATHE, TAPING MACHINES
- SUPPLIERS OF MIG WELDING MACHINE
- SUPPLIERS OF POWDER COATING MACHINE
- SUPPLIERS OF AIR POLLUTION CONTROL EQUIPMENTS
- SUPPLIERS OF AIR COMPRESSORS
- SUPPLIERS OF MATERIAL HANDLING EQUIPMENTS
- SUPPLIERS OF FIRE FIGHTING EQUIPMENTS
- SUPPLIERS OF SHOT BLASTING MACHINE
- SUPPLIERS OF JIGS AND FIXTURE
- SUPPLIERS OF SUBMERSIBLE WATER PUMP
Appendix
- 01. PLANT ECONOMICS
- 02. LAND & BUILDING
- 03. PLANT AND MACHINERY
- 04. OTHER FIXED ASSESTS
- 05. FIXED CAPITAL
- 06. RAW MATERIAL
- 07. SALARY AND WAGES
- 08. UTILITIES AND OVERHEADS
- 09. TOTAL WORKING CAPITAL
- 10. TOTAL CAPITAL INVESTMENT
- 11. COST OF PRODUCTION
- 12. TURN OVER/ANNUM
- 13. BREAK EVEN POINT
- 14. RESOURCES FOR FINANCE
- 15. INSTALMENT PAYABLE IN 5 YEARS
- 16. DEPRECIATION CHART FOR 5 YEARS
- 17. PROFIT ANALYSIS FOR 5 YEARS
- 18. PROJECTED BALANCE SHEET FOR (5 YEARS)
Frequently Asked Questions
An electric three wheeler is a three-wheeled vehicle powered by an electric motor and battery system. In this report, the electric three wheeler is represented by the e-rickshaw. Such vehicles can be designed for passenger transportation, goods movement or as converted vehicles through retrofit applications. Their major systems generally include the electric motor, electronic motor controller, battery, differential, suspension, brakes, steering and associated electrical and mechanical components.
The major components of an e-rickshaw include the electric motor, electronic motor controller, storage battery, differential, front shock absorbers, brakes, speedometer or indicator, steering system and miscellaneous spare parts. These components work together to provide propulsion, control, braking, steering and electrical power management. Proper integration of the electrical and mechanical systems is important for vehicle performance, reliability, safety and compliance with applicable specifications and testing requirements.
Manufacturing an e-rickshaw involves fabrication of structural parts, preparation of sub-assemblies, surface treatment and powder coating, followed by assembly and fitting of the vehicle systems. The process can include chassis and component fabrication, installation of the motor and controller, battery and charger integration, mechanical power transmission, electrical connections and final inspection. Quality control and testing are also important stages before a vehicle is released for compliance and operational use.
An e-loader is an electric three wheeler designed primarily for carrying goods and materials. It uses an electric powertrain similar in principle to an e-rickshaw but is configured for cargo transportation rather than passenger seating. The report separately covers e-loader specifications, manufacturing processes and assembly requirements. Its design generally needs appropriate structural strength, load-carrying arrangements, electrical systems, braking and mechanical components suitable for the intended application.
A fuel three wheeler can be converted into an electric three wheeler through a suitable retrofit process subject to applicable technical and regulatory requirements. The conversion generally involves replacing or adapting the original powertrain with an electric motor, controller, battery and related electrical systems. Mechanical power transmission, structural compatibility, braking, steering and other vehicle systems must also be assessed. The report includes reasons for conversion, technical specifications, retrofitted vehicle details, testing and compliance considerations.
Quality control for e-rickshaw manufacturing should cover components, assembly, electrical systems, mechanical systems and final vehicle performance. Important checks can include motor controller and power supply operation, battery condition, mechanical power transmission, braking, steering, structural assembly and overall design. Testing and inspection should be conducted according to applicable requirements. Proper documentation, supplier quality control and verification of required fitness, compliance and test certificates also support consistent manufacturing quality.
An electric three wheeler plant can require equipment and supplier support covering fabrication, assembly, finishing, material handling and utilities. The report identifies machinery categories such as power presses, shearing machines, rolling machines, sheet bending machines, punching presses, power hacksaws, grinding machines, drilling and lathe machines, MIG welding machines and powder coating machines. It also covers suppliers for vehicle components, assembly lines, air compressors, fire-fighting equipment, shot blasting machines, jigs and fixtures, material handling equipment and other plant utilities.
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