E-Rickshaw Sales July 2024: 49,631 Units, YC Electric Tops a Fragmented Market
Every e-rickshaw registered in India in July 2024, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How July went
India registered 49,631 e-rickshaws in July 2024, +7.3% on July 2023 and +16.6% on June.
Across the 7 completed months of 2024 to July, 3,00,865 e-rickshaws have been registered, +12.5% on the same months of 2023.
Monthly e-rickshaw registrations, 2023–2026
One line per calendar year. The dashed end of the current year is the month so far.
E-Rickshaw market share, July 2024
YC Electric led the month with 3,846 registrations — 7.7% of the e-rickshaw market — ahead of Saera Electric on 2,563 (5.2%), a gap of 1,283 units. YC Electric also led June.
Mahindra Last Mile has gained the most share against July 2023, +1.99pp to 2.0%; Champion Poly Plast has lost the most, −1.02pp to 2.0%.
The top three hold 17.3% of the segment; 407 manufacturers registered at least one e-rickshaw.
Top 10 e-rickshaw makers, July 2024
E-rickshaw registrations only — every other vehicle type these companies make is excluded.
Share is of every e-rickshaw registered in the month. MoM and YoY compare each maker's own volume; the last column is its change in share of the segment.
| # | Manufacturer | Jul 2024 | Share | MoM | YoY | Share vs Jul 2023 |
|---|---|---|---|---|---|---|
| 1 | YC Electric | 3,846 | 7.7% | +14.8% | +7.4% | +0.01pp |
| 2 | Saera Electric | 2,563 | 5.2% | +4.3% | −5.5% | −0.69pp |
| 3 | Dilli Electric | 2,186 | 4.4% | +16.0% | −5.8% | −0.61pp |
| 4 | Mini Metro EV | 1,408 | 2.8% | +9.6% | −8.9% | −0.50pp |
| 5 | Unique International Ev | 1,339 | 2.7% | +14.6% | +3.2% | −0.11pp |
| 6 | Energy Electric Vehicles | 1,239 | 2.5% | +15.9% | +18.1% | +0.23pp |
| 7 | Hotage India | 1,204 | 2.4% | +16.7% | −2.9% | −0.25pp |
| 8 | Allfine Industries | 1,123 | 2.3% | +38.3% | +11.4% | +0.08pp |
| 9 | Champion Poly Plast | 1,008 | 2.0% | +9.7% | −28.6% | −1.02pp |
| 10 | Mahindra Last Mile | 987 | 2.0% | +10.3% | — | +1.99pp |
| 11 | Sks Trade India | 953 | 1.9% | +7.4% | +7.0% | −0.01pp |
| 12 | Khalsae-Vehicles | 942 | 1.9% | +11.2% | +7.7% | +0.01pp |
| 13 | Sahnianand E Vehicles | 907 | 1.8% | +31.4% | +104.3% | +0.87pp |
| 14 | J. S. Auto | 890 | 1.8% | −3.7% | −10.6% | −0.36pp |
| 15 | Terra Motors India | 840 | 1.7% | +27.7% | +7.1% | 0.00pp |
| All others (392 makers) | 28,196 | 56.8% |
Exact: Vahan's maker x month table filtered to battery-electric fuels (PURE EV, ELECTRIC(BOV)) and the segment's vehicle classes — not a company total multiplied by anything.
Who is gaining
Monthly share of the e-rickshaw market for the six largest makers this month, over the last 15 completed months.
E-Rickshaw market share by month
Share of the segment each month, in per cent.
Market share, 2024 to July
The same table over 2024 to July, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | YC Electric | 23,916 | 7.95% | +0.02pp | +12.8% |
| 2 | Saera Electric | 16,055 | 5.34% | −0.18pp | +8.8% |
| 3 | Dilli Electric | 13,292 | 4.42% | −0.36pp | +3.9% |
| 4 | Mini Metro EV | 8,299 | 2.76% | −0.47pp | −3.9% |
| 5 | Unique International Ev | 7,993 | 2.66% | −0.06pp | +10.0% |
| 6 | Energy Electric Vehicles | 7,306 | 2.43% | +0.41pp | +35.3% |
| 7 | Hotage India | 7,294 | 2.42% | +0.04pp | +14.4% |
| 8 | Mahindra Last Mile | 6,596 | 2.19% | +2.19pp | — |
| 9 | Champion Poly Plast | 6,450 | 2.14% | −1.01pp | −23.6% |
| 10 | Allfine Industries | 6,120 | 2.03% | −0.05pp | +9.8% |
| 11 | J. S. Auto | 6,110 | 2.03% | −0.14pp | +5.1% |
| 12 | Sks Trade India | 6,049 | 2.01% | +0.19pp | +24.5% |
| 13 | Khalsae-Vehicles | 5,448 | 1.81% | +0.28pp | +33.2% |
| 14 | Thukral Electric Bikes | 5,200 | 1.73% | +0.36pp | +42.3% |
| 15 | Sahnianand E Vehicles | 5,028 | 1.67% | +0.66pp | +85.3% |
Frequently asked questions
How many e-rickshaws were sold in India in July 2024?
Which company sold the most e-rickshaws in July 2024?
What is the e-rickshaw market share of each brand?
How are these numbers measured?
E-Rickshaw sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
