E-Rickshaw Sales March 2024: 42,431 Units, YC Electric Tops a Fragmented Market
Every e-rickshaw registered in India in March 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 March went
India registered 42,431 e-rickshaws in March 2024, +3.6% on February.
Monthly e-rickshaw registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
E-Rickshaw market share, March 2024
YC Electric led the month with 3,307 registrations — 7.8% of the e-rickshaw market — ahead of Saera Electric on 2,174 (5.1%), a gap of 1,133 units. YC Electric also led February.
The top three hold 17.2% of the segment; 385 manufacturers registered at least one e-rickshaw.
Top 10 e-rickshaw makers, March 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 | Mar 2024 | Share | MoM | YoY | Share vs Mar 2023 |
|---|---|---|---|---|---|---|
| 1 | YC Electric | 3,307 | 7.8% | −1.1% | — | — |
| 2 | Saera Electric | 2,174 | 5.1% | +4.4% | — | — |
| 3 | Dilli Electric | 1,820 | 4.3% | −3.3% | — | — |
| 4 | Mini Metro EV | 1,128 | 2.7% | −0.8% | — | — |
| 5 | Mahindra Last Mile | 1,075 | 2.5% | +16.0% | — | — |
| 6 | Unique International Ev | 1,072 | 2.5% | +4.6% | — | — |
| 7 | Energy Electric Vehicles | 1,015 | 2.4% | +10.6% | — | — |
| 8 | Hotage India | 1,011 | 2.4% | +2.4% | — | — |
| 9 | J. S. Auto | 961 | 2.3% | +7.6% | — | — |
| 10 | Champion Poly Plast | 911 | 2.1% | +2.2% | — | — |
| 11 | Sks Trade India | 848 | 2.0% | +9.0% | — | — |
| 12 | Allfine Industries | 827 | 1.9% | −4.7% | — | — |
| 13 | Terra Motors India | 766 | 1.8% | −7.8% | — | — |
| 14 | Thukral Electric Bikes | 740 | 1.7% | +10.6% | — | — |
| 15 | Khalsae-Vehicles | 737 | 1.7% | +8.4% | — | — |
| All others (370 makers) | 24,039 | 56.7% |
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 March
The same table over 2024 to March, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | YC Electric | 10,005 | 7.84% | — | — |
| 2 | Saera Electric | 6,608 | 5.18% | — | — |
| 3 | Dilli Electric | 5,651 | 4.43% | — | — |
| 4 | Mini Metro EV | 3,356 | 2.63% | — | — |
| 5 | Unique International Ev | 3,211 | 2.52% | — | — |
| 6 | Hotage India | 3,182 | 2.49% | — | — |
| 7 | Mahindra Last Mile | 3,039 | 2.38% | — | — |
| 8 | Energy Electric Vehicles | 2,977 | 2.33% | — | — |
| 9 | Champion Poly Plast | 2,777 | 2.18% | — | — |
| 10 | J. S. Auto | 2,671 | 2.09% | — | — |
| 11 | Allfine Industries | 2,577 | 2.02% | — | — |
| 12 | Sks Trade India | 2,531 | 1.98% | — | — |
| 13 | Terra Motors India | 2,239 | 1.75% | — | — |
| 14 | Khalsae-Vehicles | 2,224 | 1.74% | — | — |
| 15 | Thukral Electric Bikes | 2,221 | 1.74% | — | — |
Frequently asked questions
How many e-rickshaws were sold in India in March 2024?
Which company sold the most e-rickshaws in March 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 daily 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.
