As per a report by a market research institution, P&S Intelligence, the India e-rickshaw and on-demand ride hailing market is expected to reach more than 4 million units on the road, propelling at a 10.8% compound annual growth rate, by 2030.

Moreover, the majority of e-rickshaw services in these areas were initially introduced without proper planning or as pilot projects and subsequently expanded in an unplanned manner.

Presently, India boasts a fleet of over one million e-rickshaws in active operation. Over the last decade, Delhi emerged as the primary industry for e-rickshaws.

One of the primary obstacles faced by all e-rickshaw operators in India is the unavailability and inaccessibility of charging infrastructure. This challenge significantly hampers their mobility during extended working hours and longer trips.

Additionally, this reliance exposes them to issues such as vehicle vandalism, theft, exorbitant charges, prolonged waiting times, and voltage fluctuations.

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It is because of the low-priced convenient solution for traveling offered by e-rickshaw, government incentives & environmental policies, and the mounting requirement for public transport for fast- and last-mile connectivity, the India e-rickshaw and on-demand ride hailing industry will continue to advance in the years to come.

About P&S Intelligence

P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

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