In the automobile industry, every year the hype is being floated for fresh additions in Auto Expo. People eagerly wait for a year to witness this gigantic event across the Globe. Each company either launches a new variant or announces futuristic inventions in the automobile sector. However, there was one segment in this industry that too has been evolving rapidly over the past 2 decades, especially in the electric battery fitted segment. In the wake of saving Mother Earth, major players in the auto sector shifted their vision to develop eco-friendly cars which were the need of the hour in order to avoid carbon emission.
In doing so, lots of battery-fitted compact cars were introduced, which were highly appreciated among the masses, or I would say the nature lovers. Then CNG autos were introduced to replace diesel/petrol, which helped the environment however what changed the facet of this industry is “E-Rickshaw”. You know this vehicle by many names such as Totò, Battery Rickshaw, E-Rickshaw, Electric Rickshaw, and the list goes on. Initially, no one had thought of this vehicle becoming a necessity of today. If we look back before 2005, I doubt if we or our elders had an idea of this revolution. Now, rickshaw stands not only for one man pulling or paddling cycle rickshaw. This new era of rickshaw where the driver just has to push the accelerator has taken over the entire market.
Electric Rickshaw offers comfort to passengers as well as to the driver and gives a note-worthy mileage in one charge. Irrespective of the economic state of the Country, the sale of the Electric Rickshaw Spare Parts did not plunge. It has been forecasted that by the end of 2022, the demand for such vehicles will see a rise up to 30%. Also, the affordability of this only electric vehicle has completely blown the automobile industry. Since the Government is promoting and supporting the movement to develop more Electric vehicles so that pollution can be minimized, now buyers are availing subsidies on making a purchase of EV. The enormous demand has further encouraged in-house Electric Rickshaw Parts Manufacturers to produce spare parts to balance the demand and supply chain. Both variants, E-passenger and E-loader are becoming the number one selling products in EV segment or I would put it like this, E Rickshaw is the only highest selling product in the entire automobile industry. Therefore, it the most profit-making venture which will only rise in years to come.
