E-rickshaws are no longer an alternative but a prominent part of mainstream urban mobility and transportation. Their operational cost is much lower compared to traditional automotive rickshaws. Moreover, its environmentally friendly electricity-powered operation makes it even more viable for daily transportation. Therefore, an e-rickshaw business is a great idea if someone is looking to invest in its current market scenario. Before investing, it is important to consider variable factors such as finances, manufacturer reputation, market survey results, and long-term utility, services, maintenance requirements and ethical business practices. Determining the e rickshaw price by fair methods is one of the transparent policies of the e rickshaw manufacturers. In this blog, we will discuss some of the main factors that manufacturers use to determine the price of e rickshaw.
Factors That Determine E Rickshaw Price
Battery Configuration
The battery is arguably the most distinguishing part of an electric rickshaw. There are generally 4 batteries of 12 V connected in series, making the whole setup of 48V. There are many innovations done by manufacturers to improve efficiency, faster charging, long-distance operation, solar panel energy backup, etc.
Motor Power
Generally, a 1200 W-rated motor is used in e rickshaws. But different power motors can be installed, given the power requirements. A high-power motor extends the price, while a lower one reduces the e rickshaw price.
Model
Different manufacturers make different models, although the overall structure is standard. The controller, motor power, battery technology, weight, suspension system, etc are different variables that contribute to determining the overall cost.
Accessories
The e-rickshaw has various accessories like a music system, radio, LED strip lights, and many more. These also play a role in determining the e rickshaw price.
Demand & Supply
The market demand and supply dynamics play a vital role, like any other product. The high demand and low supply lead to a rise in price. While low demand lowers the price. These dynamics are studied by market experts and reviewed for final decision.
Warranty Cover
The warranties on parts and services add to the whole price of e rickshaw. Warranty is important because it instils confidence in the customers and trusts.
Other Factors
- The Manufacturing Cost of each component
- Spare Parts Provided
- Subsidies and Incentives Provided by Government
- Raw Material Sourcing
- Brand Reputation of Manufacturer
Conclusion
E rickshaw price is determined based on the battery, model specifications, accessories and demand-supply dynamics. Knowing these factors, a business person looking to invest in e rickshaw or earn a dealership can make a well-informed decision when buying these vehicles and start a profitable venture.
