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researchrealmblog · 7 months

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Increasing Proliferation of Electric Rickshaws Driving Electric Rickshaw Motor and Controller Sales in India

Due to a number of growth factors, such as the increasing number of electric rickshaws on Indian roads and their surging average age and low operating cost, and government incentives and environmental policies, the Indian electric rickshaw motor and controller marketis expected to continue to witness rapid growth over this decade.

Get More Insights: https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-motor-and-controller-market

The demand for such motors and controllers in India is increasing owing to the proliferation of electric rickshaws in the nation, due to the escalating need for low-cost vehicles for first/last-mile connectivity, government support in the form of incentives, and their low operating cost. For instance, there were over 7 lakh electric rickshaws on Indian roads in 2018, which increased by about 6 lakh units from the number recorded in 2014. The sudden rise in the number occurred mainly due to the incentives and environmental policies implemented by the government.

Motors rated at 1,001–1,500 Watts of power outsell all other variants due to the existence of several local and unorganized companies providing 1,001–1,500-W electric motors in large numbers. Whereas, 1,501–2,000-W and >2,000-W motors are projected to observe a massive rise in their sales in the coming years. This would be because currently, most of the e-rickshaws are used to ferry passengers, but those used for transporting cargo are witnessing a rapid increase in sales around the country.

Battery rickshaw manufacturers, owners, and drivers generate the highest demand for motors and controllers. These rickshaws are the best substitutes for cycle rickshaws, as they do not require human power for propulsion and are relatively easy to operate. Moreover, due to their low operating and purchase costs than traditional auto rickshaws, the sale for battery rickshaws is increasing.

State-wise, Delhi registers the highest revenue from the sale of these components on account of the high sales of electric rickshaws and surging air pollution level in the state. In response to this, a subsidy of $439.6 (INR 30,000) on electric rickshaws was provided by the Delhi government in 2016. Similarly, product sales are burgeoning in Uttar Pradesh owing to the rising demand for electric rickshaws in the Tier-1 and Tier-2 cities, as well as the rural areas of the state.

However, in the past, the motors and controllers available in the country had no guarantee of quality, as they were produced by independent entities working at small factories often established inside workers’ homes. But, now, since the government implemented GST, such unorganized players have found it hard to sell their products, and they are now being overrun by established and well-known OEMs, such as Mahindra, Hero, and those based in China.

Thus, the growing adoption of electric rickshaws in India will drive the demand for motors and controllers in the foreseeable future.

#India Electric Rickshaw Motor and Controller Market Share #India Electric Rickshaw Motor and Controller Market Size #India Electric Rickshaw Motor and Controller Market Growth #India Electric Rickshaw Motor and Controller Market Applications #India Electric Rickshaw Motor and Controller Market Trends

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businesspointnews · 5 years

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Indian Electric Rickshaw Motor Market and Indian Electric Rickshaw Controller Market to Register 15.1% and 14.4% CAGR, respectively, during 2019–2024

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#Electric Rickshaw Motor Market and Indian Electric Rickshaw Controller Market #Electric Rickshaw Motor Market #Indian Electric Rickshaw Controller Market

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etrioevehicles · 3 years

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The manufacture of electric vehicles (EV) has taken centre stage

As India moves closer to its vision of a sustainable future, the manufacture of electric vehicles (EV) has taken centre stage. In this year’s Union Budget 2019-20, the Finance Minister to make EVs popular, announced a tax subsidy for people who buy EVs.

Projects like National Electric Mobility Mission Plan 2020 and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) have been launched by the government for widespread adoption of EVs.

Union Minister for Road Transport and Highways (MoRTH) and MSMEs, Nitin Gadkari anticipates prices of electric two-wheelers, four-wheelers and buses to fall to the level of their conventional counterparts in the near to medium-term future. Tireless efforts are on-going by the government and industry players to find solutions to improve the charging infrastructure.

This has resulted in more players foraying into EV manufacturing and allied sectors. In India, it is not difficult to spot a variety of electric vehicles ranging from electric cars, e-bikes and e-buses to e-rickshaws and e-trucks.

India’s first all-electric truck was fully designed, developed and built in India by Infraprime Logistics Technologies (IPLT), a construction logistics start-up. Launched in India in August 2019, the EV garnered significant attention as it led the charge for the industry-first air-conditioned battery pack having a warranty of 600,000km.

With a gradient of 23 per cent, the truck outperforms comparable diesel trucks resulting in smoother functioning in difficult terrain. The truck is powered by four important computer systems, namely the motor control, transmission, battery management, and battery charging system. It is India’s first EV to feature an automatic transmission for a two-speed operation and is essentially used for transporting, material like aggregates from mines to construction project sites, transportation for cement companies, etc.

The company claims the truck can travel 400 km (without payload) and 200 km (with load) between charges. After the success of the commercial run of its fleet of 55-MT electric trucks over the last year, IPLT is planning to roll out 1,000 heavy-duty electric trucks in India. The first commercial run showcased savings in operating costs for its owners of up to 60 per cent over conventional diesel trucks.

Following suit, TATA Motors, one of India’s biggest and most recognised truck manufacturers launched it’s Tata ULTRA T. 7 Electric Truck at the Auto Expo in Greater Noida in 2020. Boasting a modern design and a zero-emission powertrain, the truck has been designed to bear a payload range of 3692-4935 kgs.

Despite this being Tata’s first electric utility vehicle, the Indian automobile manufacturer has been in the business of electrifying cars for over five years now. Daimler, the heavy-duty truck and bus maker, is also planning to launch its first electric truck as it continues to bet on the domestic market.

The first all-electric truck from Daimler Trucks for series production is the light-duty Fuso eCanter whose second-generation version will be launched next year.

The eCanter has a driving range of 100 km between charges while being able to carry a payload of up to 3,200 kg. In India, the Daimler Trucks is manufacturing medium and heavy trucks and buses under the brands of BharatBenz and Fuso.

India’s first retrofitted electric light commercial vehicle (eLCV) was launched by Etrio, an electric vehicle start-up.

The 30,000 sq ft manufacturing facility is located in Hyderabad and has an annual production capacity of 5000 vehicles. Through retro fitment, more than over 20 lakh Tata Ace LCVs can extend their lifespan with an extension of over 5 years.

Retro fitment helps the driver in saving almost 60% of the operational expenses by transforming a diesel-powered LCV into a green vehicle. This will not only bring a great deal of sustainability to the e-commerce logistics space but will undoubtedly have a positive impact on the overall EV ecosystem.

As the policy environment becomes more favourable, innovations in the EV space will see more traction. In India, the future of autonomous and electric vehicles is progressively moving forward with the manufacture of cleaner and quicker transport.

The high dependency on oil imports and the high levels of pollution pose a huge challenge for India and a one-stop solution to these problems is the adoption of autonomous and electric vehicles.

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maximizegn1 · 4 years

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India Electric Vehicle Components Market

India Electric Vehicle Components Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Mn.

India Electric Vehicle Components Market

India Electric Vehicle Components Market Drivers & Restraints:

An Increasing adoption of electric vehicles & government initiatives towards electric vehicles like tax exemptions, purchase rebates, & financial incentives are the key reasons contributing towards the growth of electric vehicle component market in India. The decreasing price of the components that used in electric vehicles is boosting the manufactures to choose high quality components in the EV, thereby increasing the demand for the EV components market across India. In addition to this, increasing price of fuel, rapid depletion of fossil fuels & degradation of the environment owing to CO2 emission coupled with the growing environmental awareness among the buyers will further complement the demand for electric vehicles which in turn will fuel the demand for electric vehicle components in India. Though current crude oil prices fall is expected to slow down the short term growth of EV, India is expected to be a growth engine for EV vehicles by 2027.

Many multinational automotive key players are heavily investing in the R&D in order to develop progressive technologies for the electric vehicles to meet the changing demand of the buyers across India. The unceasing product improvement will attract a large number of buyers towards the adoption of electric vehicles in India. The Indian government is focusing towards the production of charging stations for the EV across India. For example, The Ministry of Power provided guidelines & standards for setting up charging infrastructure of Evs at every 3 Km. The Central government permitted the setting up of 2,636 EV charging stations around 62 cities in 24 states & Union Territories across the country. Through this action, the government inclines to encourage the manufacturers to launch new models of EVs with superior performance which will further accelerate the growth of EV components market in India.

Indian Government has increased custom duty on imports of battery-powered vehicles between 5 percent and 15 percent.

In a bid to incentivize local manufacturing of EVs, the Government of India on Feb 02, 2020, increased custom duty on imports of battery-powered vehicles between 5% and 15%. The move may lead to a cost increase for EV makers who import their vehicles as completely-built units or as knocked-down kits. Hyundai Motor India imports its Kona EV, however, an official close to the company said that its pricing had already accounted for higher duty as per the phased EV manufacturing plan of the government. However, it is still studying comprehensive impact of the budget & is yet to take a call on pricing.

Other imported electric vehicles include the MG Motor ZS EV as well as a clique of electric two- & three-wheelers as well as buses. The customs duty on completely built units of electric commercial vehicles have been increased from 25% to 40%, whereas the one with the internal combustion engine has been increased from 30% to 40%.

The tax on semi-knocked down forms of an electric passenger vehicle, three-wheeler has been increased from 15% to 30%, whereas semi-knocked down electric, buses, trucks & two-wheelers has been raised from 15% to 25%. The duty on completely knocked down forms of electric vehicles - all segments - passenger vehicles, buses, trucks, three wheelers and two-wheelers have been raised from 10% to 15%.

The government had relaxed duties on the import of EVs to spur value-addition in the local market & kick start the industry, but the relaxations will now be slashed to increase localized content as the government had indicated as part of the electric & hybrid vehicles adoption scheme. The move will likely affect electric rickshaws & buses imported from China the most, this is a step in the right direction, but the push towards local manufacturing will vary from segment to segment. The companies will be compelled to localize battery packs, motors & power control units which may call for local manufacturing. The move from imports to local manufacturing of parts may be high on lesser sophisticated three-wheelers versus buses as the volumes are large to justify the investment. The parts for commercial vehicles may be in thousands versus tens of for other segments.

The objective of the report is to present a comprehensive analysis of the India Electric Vehicle Components Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Electric Vehicle Components Market dynamics, structure by analyzing the market segments and project the India Electric Vehicle Components Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the India Electric Vehicle Components Market make the report investor’s guide.

For More Information Visit :https://www.maximizemarketresearch.com/market-report/india-electric-vehicle-components-market/63133/

India Electric Vehicle Components Market, by Components:

• Battery Pack • Chassis • Vehicle Body • Drivetrain • Others India Electric Vehicle Components Market, by Battery:

• Lithium-Ion • Lead Acid India Electric Vehicle Components Market, by Motor Type:

• AC Induction Motor • Permanent Magnet Motor • Brushless DC Motor India Electric Vehicle Components Market Key Players

• LG Chem Ltd. • Samsung SDI Co., Ltd. • SEG Automotive India Private Limited • Tata Motors Limited • Mahindra Electric Mobility Limited • Avtec Limited • Denso Corporation • ABB Group • Exide Industries Ltd. • Bosch Limited

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: [email protected]

Address : Pune, Maharashtra 411051, India.

Contact: +919607195908

#India Electric Vehicle Components Market

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batjayashreerathod-blog · 5 years

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India Automotive Brushless DC Motors Market BLDC is projected to reach US$ XX Mn in 2026, and grow at CAGR of over XX% during forecast period.

An Increasing production of automobiles and preference for energy efficient system will drive the brushless DC motors during the forecast period.

In most of the Indian automotive companies, latest technologies are significantly being used, a growth of the brushless DC motors Market can be attributed to the increased usage of brushless DC motors across major industries, continued growth in automobile production, the transition towards energy-efficient motors and high maintenance cost for brushed DC motors.

Brushless DC (BLDC) motors are increasingly replacing induction motor and brushed DC motors due to their larger efficiency, long life, smooth torque delivery, and high-speed operation. However, in the past, their application has been limited due to the additional cost of the complex motor controller necessary to operate these motors. Also, controller costs have been trending downward in recent years such that application of brushless dc motors is on rising and expected to grow.

With the passage of time and new technology, it has become possible to reduce the brushes from DC motors. In a BLDC motor, permanent magnets are put on the rotor that moves around the stator. A controller/sensor is used to charge the stator coils as the shaft turns. BLDC motors are customized to meet customer's special requirements. Using cutting-edge materials and sensorless technology, these motors provide high performance with features and solution for an individual as well as industrial applications.

Electric rickshaws are recently becoming more popular in India since 2008 as an alternative to auto rickshaws and pulled rickshaw because of their low fuel cost, and less human effort compared to pulled rickshaws. These are being widely accepted as an alternative to Petrol/Diesel/CNG auto rickshaws. 3 wheels pulled by an electric motor ranging from 650-1400 Watts. These are being widely used in India, but those are being mostly manufactured in China, only a few other countries manufacture these vehicles.

Maxon motor is one of the leading players operated in India for brushless DC motor, they develop and build electric drives that pack some real power. Maxon’s DC motors are leading the industry worldwide. They are used wherever the requirements are high and engineers cannot afford compromises: maxon motors drive NASA's Mars rovers. They are established in high-precision industrial applications, race cars.

By Geography, Asia Pacific acquired the largest market share growth by North America due to increasing demand for consumer electronics and automotive product in China, India, Taiwan, South Korea, and Japan during the forecast period. India is being one from the rapidly developed country.

Key players operated in the market include johnson Electric (China), Ametek (U.S.), Nidec Corporation (Japan), Minebea (France), Allied Motion Technologies Inc. (U.S.), and Maxon Motor AG. COMPAGE automation system Pvt Ltd.

The scope of India Automotive Brushless DC Motors Market BLDC:

India Automotive Brushless DC Motors Market BLDC by Type:

• Inner Rotor Brushless DC Motors

• Outer Rotor Brushless DC Motors

India Automotive Brushless DC Motors Market BLDC by Speed:

• <500 RPM • 501 – 2000 RPM • 2001 – 10000 RPM • >10000 RPM

India Automotive Brushless DC Motors Market BLDC by End-User:

• Automotive

Key players operated in India Automotive Brushless DC Motors Market BLDC:

• johnson Electric

• Ametek

• Nidec Corporation

• Minebea

• Allied Motion Technologies Inc.

• Maxon Motor

• COMPAGE automation system pvt. Ltd

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

About Maximize Market Research:

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: [email protected]

Address: Pune, Maharashtra 411051, India.

Contact: +919607195908

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technwheelzinfo · 7 years

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Mahindra has launched its first electric three-wheeler. Called the e-Alfa Mini, the 3-wheeler priced at Rs 112,000 (ex-Delhi).The e-Alfa Mini will come with a seating capacity of 4+1 and is designed specifically for Indian conditions.

The eco-friendly vehicle is available for sale in Delhi NCR and other parts of the country followed by Kolkata, Lucknow, and other cities in a phased manner.

Targeted at fleet taxi operators and existing three-wheeler owners, the e-rickshaw comes with an attractive exterior design, robust body, large cabin space for passenger comfort and superior suspension and chassis.

The e-Alfa Mini is powered by a 120Ah battery, a powerful motor and controller. As per Mahindra, charging the e-Alfa Mini will be as simple as charging a mobile phone. It further states that on a full charge, the e-Alfa Mini will be able to cover up to 85km in standard conditions and can achieve a top speed of 25kph.

The e-Alfa Mini will be manufactured at M&M’s Haridwar plant in a planned 1,000 units capacity a month operation. Indraprastha Auto, the company’s existing dealer, will market the product in NCR through 12 dealerships and also appoint 20-25 sub-dealers in the next couple of months.

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Source: autocarpro.in

Mahindra launches e-Alfa electric passenger 3-wheeler @ INR 1.12 lakh

Mahindra launches e-Alfa electric passenger 3-wheeler @ INR 1.12 lakh Mahindra has launched its first electric three-wheeler. Called the e-Alfa Mini, the 3-wheeler priced at Rs 112,000 (ex-Delhi).The e-Alfa Mini will come with a seating capacity of 4+1 and is designed specifically for Indian conditions.

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nackdesigns9 · 7 years

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The eco-friendly vehicle is available for sale in Delhi NCR and other parts of the country followed by Kolkata, Lucknow, and other cities in a phased manner.

Source: autocarpro.in

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