e rickshaw business in india
- Sargam E Ride
- Sep 16
- 2 min read
E Rickshaw Business in India – A Profitable Opportunity
The e rickshaw business in india has seen massive growth in recent years due to rising fuel prices, government support for electric vehicles, and the increasing demand for affordable transportation. E rickshaws have become the backbone of last-mile connectivity across cities, towns, and even rural areas.
Entrepreneurs and small investors are entering this business as it offers high profitability with relatively low investment.
Growing Scope of E Rickshaw Business in India
India’s urban and semi-urban population relies heavily on daily commuting. With over 15 lakh e rickshaws already running on Indian roads, the demand continues to rise. The e rickshaw business in india is expected to grow at a CAGR of more than 10% in the next five years, creating huge opportunities for manufacturers, drivers, and investors.
Why Invest in E Rickshaw Business in India?
Low Investment, High Returns – An e rickshaw costs ₹1.5–₹2 lakhs, making it affordable for small entrepreneurs.
Government Support – Subsidies and loans are available under FAME II and state EV policies.
Huge Demand for Last-Mile Connectivity – Ideal for short routes around metro stations, bus stops, and markets.
Eco-Friendly Future – The shift from petrol/diesel to electric drives growth.
Top 10 E Rickshaw Brands in India
If you are planning to enter the e rickshaw business in india, choosing the right manufacturer is crucial. Here are the top 10 companies, with Sargam E Ride and Ronakk Auto leading the list:
Sargam E Ride
Ronakk Auto
Mahindra Electric
Piaggio Vehicles
Atul Auto
Udaan E Rickshaw
YC Electric
Victory Electric
Mini Metro EV
Saera Electric
Among these, Sargam E Ride is considered one of the most reliable brands, known for its high performance and durable models, while Ronakk Auto is preferred for affordability and strong service support.
Profitability of E Rickshaw Business in India
The e rickshaw business in india is highly profitable due to:
Daily Earnings: ₹1,200–₹2,000
Low Running Cost: Charging costs just ₹80–₹100 per day
Net Monthly Profit: ₹25,000–₹40,000
ROI Timeline: Investment recovery within 8–12 months
Challenges in E Rickshaw Business
While the business is lucrative, some challenges exist:
Battery replacement every 12–18 months
High competition in urban markets
Limited charging infrastructure in rural areas
Need for proper maintenance and servicing
Despite these challenges, the e rickshaw business in india remains one of the fastest-growing opportunities in the EV sector.
FAQs on E Rickshaw Business in India
Q1. How much does it cost to start an e rickshaw business in india?
It requires around ₹1.5–₹2.2 lakh, depending on the brand and model.
Q2. Is the e rickshaw business in india profitable?
Yes, it is highly profitable with monthly income ranging between ₹25,000 and ₹40,000.
Q3. Which are the best brands for e rickshaw in india?
Sargam E Ride and Ronakk Auto are top brands, followed by Mahindra, Piaggio, and Atul Auto.
Q4. Do I need a license to operate an e rickshaw in india?
Yes, registration, insurance, and a valid driving license are required.
Q5. What is the lifespan of an e rickshaw battery?
Batteries usually last for 12–18 months, depending on usage and charging practices.