E-Rickshaw Sales September 2024: 48,595 Units, YC Electric Tops a Fragmented Market
Every e-rickshaw registered in India in September 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 September went
India registered 48,595 e-rickshaws in September 2024, −2.3% on September 2023 and −0.3% on August.
Across the 9 completed months of 2024 to September, 3,98,198 e-rickshaws have been registered, +8.7% 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, September 2024
YC Electric led the month with 3,820 registrations — 7.9% of the e-rickshaw market — ahead of Saera Electric on 2,509 (5.2%), a gap of 1,311 units. YC Electric also led August.
Mahindra Last Mile has gained the most share against September 2023, +1.90pp to 2.0%; Saera Electric has lost the most, −1.09pp to 5.2%.
The top three hold 17.1% of the segment; 422 manufacturers registered at least one e-rickshaw.
Top 10 e-rickshaw makers, September 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 | Sep 2024 | Share | MoM | YoY | Share vs Sep 2023 |
|---|---|---|---|---|---|---|
| 1 | YC Electric | 3,820 | 7.9% | +1.0% | −4.1% | −0.15pp |
| 2 | Saera Electric | 2,509 | 5.2% | −10.5% | −19.4% | −1.09pp |
| 3 | Dilli Electric | 1,966 | 4.0% | −7.3% | −11.7% | −0.43pp |
| 4 | Unique International Ev | 1,195 | 2.5% | +2.6% | −9.7% | −0.20pp |
| 5 | Energy Electric Vehicles | 1,191 | 2.5% | −8.9% | +3.1% | +0.13pp |
| 6 | Mini Metro EV | 1,159 | 2.4% | −11.4% | −15.6% | −0.38pp |
| 7 | Hotage India | 1,115 | 2.3% | −12.3% | −11.3% | −0.23pp |
| 8 | Champion Poly Plast | 989 | 2.0% | +1.4% | −24.1% | −0.59pp |
| 9 | Sks Trade India | 964 | 2.0% | −4.3% | −4.9% | −0.06pp |
| 10 | Mahindra Last Mile | 963 | 2.0% | +2.3% | — | +1.90pp |
| 11 | J. S. Auto | 936 | 1.9% | −10.3% | −23.5% | −0.53pp |
| 12 | Khalsae-Vehicles | 887 | 1.8% | +2.0% | −2.6% | −0.01pp |
| 13 | Sahnianand E Vehicles | 885 | 1.8% | +4.7% | +47.0% | +0.61pp |
| 14 | Zeniak Innovation India | 837 | 1.7% | +25.3% | +112.4% | +0.93pp |
| 15 | Terra Motors India | 829 | 1.7% | +10.7% | −19.4% | −0.36pp |
| All others (407 makers) | 28,350 | 58.3% |
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 September
The same table over 2024 to September, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | YC Electric | 31,519 | 7.92% | −0.04pp | +8.1% |
| 2 | Saera Electric | 21,366 | 5.37% | −0.29pp | +3.1% |
| 3 | Dilli Electric | 17,378 | 4.36% | −0.44pp | −1.2% |
| 4 | Mini Metro EV | 10,766 | 2.70% | −0.48pp | −7.8% |
| 5 | Unique International Ev | 10,353 | 2.60% | −0.14pp | +3.1% |
| 6 | Energy Electric Vehicles | 9,804 | 2.46% | +0.38pp | +28.6% |
| 7 | Hotage India | 9,680 | 2.43% | −0.02pp | +7.9% |
| 8 | Mahindra Last Mile | 8,500 | 2.13% | +2.12pp | — |
| 9 | Champion Poly Plast | 8,414 | 2.11% | −0.91pp | −24.1% |
| 10 | J. S. Auto | 8,089 | 2.03% | −0.16pp | +0.6% |
| 11 | Sks Trade India | 8,020 | 2.01% | +0.14pp | +16.8% |
| 12 | Allfine Industries | 7,956 | 2.00% | −0.10pp | +3.6% |
| 13 | Khalsae-Vehicles | 7,205 | 1.81% | +0.22pp | +23.5% |
| 14 | Sahnianand E Vehicles | 6,758 | 1.70% | +0.64pp | +73.7% |
| 15 | Thukral Electric Bikes | 6,693 | 1.68% | +0.33pp | +34.7% |
Frequently asked questions
How many e-rickshaws were sold in India in September 2024?
Which company sold the most e-rickshaws in September 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.
