Organised players such as Kinetic, Hero Electric and Mahindra and Mahindra forayed into the electric rickshaw segment more than two years ago, but haven’t got a grip on the market yet.
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Online retail giant Amazon CEO Jeff Bezos in a recent interview with CNBC TV18 stated that his company is building electric rickshaws in India. While we are dark on details about the initiative, the company’s efforts to be a part of the Indian EV revolution is significant.
The Indian e-rickshaw market is among the handful of markets that showed impressive growth in the past few years. Organised players such as Kinetic, Hero Electric and Mahindra and Mahindra forayed into the electric rickshaw segment more than two years ago, but haven’t got a grip on the market yet. India currently is home to about 1.5 million battery-powered three-wheelers, surpassing the number of electric passenger cars sold in Chine since 2011.
Sourse: www.news18.com
