1. MARKET INTRODUCTION 1.1 Market Definition 13 1.2 Objective of the Study 13 1.3 Limitation 13 1.4 Stakeholders 14 1.5 Currency used in the Report 14 1.6 Scope of the India E-Rickshaw Market Study 14 2. RESEARCH METHODOLOGY 15 2.1 Research Methodology for Indian E-Rickshaw Market Study 15 2.1.1 Main objective of the Indian E-Rickshaw Market Study 16 3. EXECUTIVE SUMMARY 17 4. REGULATORY FRAMEWORK AND GOVT. INITIATIVES FOR E-RICKSHAWS 21 4.1 General Overview 21 4.1.1 Delhi-NCR Regulation of E-Rickshaw 22 4.1.2 Kolkata Regulation of E-Rickshaw 24 4.1.3 Lucknow Regulation of E-Rickshaw 24 4.1.4 Nagpur Regulation of E-Rickshaw 25 4.1.5 Pune Regulation of E-Rickshaw 25 4.1.6 Hyderabad Regulation of E-Rickshaw 25 5. MARKET OVERVIEW 26 5.1 Introduction 26 5.1.1 Characteristics of E-Rickshaw service in India 27 5.1.2 Social characteristics of Drivers in the Indian E-Rickshaw service Industry 27 5.1.3 Previous Professions of Drivers in the Indian E-Rickshaw service Industry 28 5.1.4 Recommendation and Suggestions by E-Rickshaw Drivers in India 29 5.1.5 Social characteristics of Travellers of E-Rickshaw in India 29 5.1.6 Recommendation and Suggestions by E-Rickshaw travellers in India 30 5.1.7 Advantage & Disadvantage of E-Rickshaw Service in India 30 5.2 Market Dynamics 31 5.2.1 Market Trend & Drivers 31 5.2.1.1 Increasing Governmental Support 31 5.2.1.2 Declining Battery Prices 32 5.2.1.3 Cost Effectiveness as Compared to Conventional Three Wheelers 33 5.2.2 Market Restraints 34 5.2.2.1 Lack of Optimum Charging Infrastructure 34 5.2.2.2 Distance Proximity and Speed Limit 35 5.2.2.3 Ambiguous Operational Guidelines 36 5.2.3 Market Opportunities 36 5.2.3.1 Increase in Need of Public Transportation 36 5.2.3.2 Increase in Demand of Lithium ion Battery Based E-Rickshaw 37 5.3 Key Market Indicators 38 5.3.1 Demand and Supply Side Analysis 38 5.3.2 Value Chain Analysis of Indian E-Rickshaw Sector 40 5.3.3 India Advantage for Automotive Industry 41 6. INDUSTRY PERFORMANCE 42 7. BUSINESS/ REVENUE MODEL FOR E-RICKSHAW DRIVERS IN INDIA 43 7.1 General Overview 43 7.1.1 Become a Manufacturer and Supplier 43 7.1.1.1 Break Even Point for Self-owned Rickshaw Drivers 43 7.1.2 Renting E-Rickshaw to a Driver on daily/monthly basis 44 7.1.2.1 Break Even Point for E-Rickshaw Owner (Rented E-Rickshaw) 44 7.1.3 Income Earned by E-Rickshaw Driver in Indian Cities 44 8. MARKET INSIGHST BY VEHICLE TYPE 46 8.1 General Overview 46 8.1.1 Passenger Carrier E-Rickshaw 48 8.1.2 Load Carrier E-Rickshaw 49 9. MARKET INSIGHT BY BATTERY TYPE 51 9.1 General Overview 51 9.1.1 Sealed Lead Acid Battery E-Rickshaw 53 9.1.2 Li-Ion Battery E-Rickshaw 54 10. MARKET INSIGHT BY OWNERSHIP TYPE 56 10.1 General Overview 56 10.1.1 Owned E-Rickshaw 58 10.1.2 Rented E-Rickshaw 59 11. MARKET INSIGHT BY REGION 61 11.1 General Overview 61 11.2 Kolkata E-Rickshaw Market Insight 63 11.2.1 Government Plan & Initiative for E-Rickshaw in Kolkata 63 11.2.2 Key Players initiative for E-Rickshaw in Kolkata 63 11.2.2.1 Kolkata E-Rickshaw Market, by Vehicle Type 2018-2025 64 11.2.2.2 Kolkata E-Rickshaw Market, by Battery Type 2018-2025 65 11.2.2.3 Kolkata E-Rickshaw Market, by Ownership Type 2018-2025 66 11.3 Nagpur E-Rickshaw Market Insight 67 11.3.1 Government Plan & Initiative for E-Rickshaw in Nagpur 67 11.3.2 Key Players initiatives for E-Rickshaw in Nagpur 67 11.3.2.1 Nagpur E-Rickshaw Market, by Vehicle Type 2018-2025 68 11.3.2.2 Nagpur E-Rickshaw Market, by Battery Type 2018-2025 69 11.3.2.3 Nagpur E-Rickshaw Market, by Ownership Type 2018-2025 70 11.4 Delhi-NCR E-Rickshaw Market Insight 71 11.4.1 Government Plan & Initiative for E-Rickshaw in Delhi 71 11.4.2 Key Players initiatives for E-Rickshaw in Delhi 71 11.4.3 Cab Aggregator Initiatives 72 11.4.3.1 Delhi-NCR E-Rickshaw Market, by Vehicle Type 2018-2025 72 11.4.3.2 Delhi-NCR E-Rickshaw Market, by Battery Type 2018-2025 73 11.4.3.3 Delhi-NCR E-Rickshaw Market, by Ownership Type 2018-2025 74 11.5 Lucknow E-Rickshaw Market Insight 75 11.5.1 Government Plan & Initiative for E-Rickshaw in Lucknow 75 11.5.2 Key Players initiatives for E-Rickshaw in Lucknow 76 11.5.2.1 Lucknow E-Rickshaw Market, by Vehicle Type 2018-2025 76 11.5.2.2 Lucknow E-Rickshaw Market, by Battery Type 2018-2025 77 11.5.2.3 Lucknow E-Rickshaw Market, by Ownership Type 2018-2025 78 11.6 Bengaluru E-Rickshaw Market Insight 79 11.6.1 Driver for E-Rickshaw market in Bengaluru 79 11.6.2 Government Plan & Initiative for E-Rickshaw in Bengaluru 80 11.6.2.1 Bengaluru E-Rickshaw Market, by Vehicle Type 2018-2025 80 11.6.2.2 Bengaluru E-Rickshaw Market, by Battery Type 2018-2025 81 11.6.2.3 Bengaluru E-Rickshaw Market, by Ownership Type 2018-2025 82 11.7 Pune E-Rickshaw Market Insight 83 11.7.1 Government Plan & Initiative for E-Rickshaw in Pune 83 11.7.2 Key Players initiatives for E-Rickshaw in Pune 84 11.7.2.1 Pune E-Rickshaw Market, by Vehicle Type 2018-2025 84 11.7.2.2 Pune E-Rickshaw Market, by Battery Type 2018-2025 85 11.7.2.3 Pune E-Rickshaw Market, by Ownership Type 2018-2025 86 11.8 Chennai E-Rickshaw Market Insight 87 11.8.1 Key Players Initiative for E-Rickshaw in Chennai 87 11.8.1.1 Chennai E-Rickshaw Market, by Vehicle Type 2018-2025 87 11.8.1.2 Chennai E-Rickshaw Market, by Battery Type 2018-2025 88 11.8.1.3 Chennai E-Rickshaw Market, by Ownership Type 2018-2025 89 11.9 Hyderabad E-Rickshaw Market Insight 90 11.9.1 Government Plan & Initiative for E-Rickshaw in Hyderabad 90 11.9.2 Key Players initiatives for E-Rickshaw in Hyderabad 91 11.9.2.1 Hyderabad E-Rickshaw Market, by Vehicle Type 2018-2025 91 11.9.2.2 Hyderabad E-Rickshaw Market, by Battery Type 2018-2025 92 11.9.2.3 Hyderabad E-Rickshaw Market, by Ownership Type 2018-2025 93 11.10 Rest of India Cities E-Rickshaw Market Insight 94 11.10.1 Government Plan & Initiative for E-Rickshaw 95 11.10.1.1 Rest of India E-Rickshaw Market, by Vehicle Type 2018-2025 95 11.10.1.2 Rest of India E-Rickshaw Market, by Battery Type 2018-2025 96 11.10.1.3 Rest of India E-Rickshaw Market, by Ownership Type 2018-2025 97 12. GOVT. PROGRAMS AND INITIATIVES FOR EVS AND EV CHARGING OUTLETS 99 12.1 General Overview 99 12.1.1 Quick Pilot proposal on EV charging infrastructure 100 12.1.2 National Electric Mobility Mission Plan (NEMMP) 2020 101 12.1.3 Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) 101 12.1.4 NITI Aayog Plan 101 13. COMPETITIVE SCENARIO 103 13.1 Cab & Other Aggregators Initiatives for E-Rickshaw sector in India 103 13.2 Porter’s Five forces analysis 104 13.2.1 Bargaining Power of Suppliers 104 13.2.2 Bargaining Power of Buyers 105 13.2.3 Threat of New Entrants 106 13.2.4 Threat of Substitutes 107 13.2.5 Industry Rivalry 107 14. COMPANY PROFILES 109 14.1 Terra Motors Corporation 109 14.1.1 Key Facts 109 14.1.2 Business Description 109 14.1.3 Key Product/Services Offerings 109 14.1.4 SWOT Analysis 110 14.1.5 Recent Developments 110 14.2 Hero Electric Vehicles Private Ltd. 111 14.2.1 Key Facts 111 14.2.2 Business Description 111 14.2.3 Key Product/Services Offerings 111 14.2.4 SWOT Analysis 112 14.2.5 Recent Developments 112 14.3 Atul Auto Ltd. 113 14.3.1 Key Facts 113 14.3.2 Business Description 113 14.3.3 Key Product/Services Offerings 114 14.3.4 SWOT Analysis 114 14.3.5 Key Financials 115 14.3.5.1 Revenue Split 116 14.3.6 Recent Developments 116 14.4 Electrotherm (India) Limited 117 14.4.1 Key Facts 117 14.4.2 Business Description 117 14.4.3 Key Product/Services Offerings 118 14.4.4 SWOT Analysis 118 14.4.5 Key Financials 119 14.4.5.1 Revenue Split 119 14.4.6 Recent Developments 120 14.5 OK Play India Limited 120 14.5.1 Key Facts 120 14.5.2 Business Description 121 14.5.3 Key Product/Services Offerings 121 14.5.4 SWOT Analysis 122 14.5.5 Key Financials 123 14.5.6 Recent Developments 124 14.6 Mahindra & Mahindra Limited 125 14.6.1 Key Facts 125 14.6.2 Business Description 125 14.6.3 Key Product/Services Offerings 126 14.6.4 SWOT Analysis 127 14.6.5 Key Financials 128 14.6.5.1 Revenue Split 129 14.6.6 Recent Developments 129 14.7 Kinetic Engineering Limited 130 14.7.1 Key Facts 130 14.7.2 Business Description 130 14.7.3 Key Product/Services Offerings 131 14.7.4 SWOT Analysis 131 14.7.5 Key Financials 132 14.7.6 Recent Developments 133 14.8 Lohia Auto Industries 134 14.8.1 Key Facts 134 14.8.2 Business Description 134 14.8.3 Key Product/Services Offerings 134 14.8.4 SWOT Analysis 135 14.8.5 Recent Developments 135 14.9 Saera Electric Auto Pvt. Ltd. 136 14.9.1 Key Facts 136 14.9.2 Business Description 136 14.9.3 Key Product/Services Offerings 136 14.9.4 SWOT Analysis 137 14.9.5 Recent Developments 137 14.10 GreenRick 138 14.10.1 Key Facts 138 14.10.2 Business Description 138 14.10.3 Key Product/Services Offerings 138 14.10.4 SWOT Analysis 139

FIG. 1 Scope of the India E-Rickshaw Market Study 14 FIG. 2 Research Methodology for Indian E-Rickshaw Market Study 15 FIG. 3 Electric Vehicle Ecosystem 18 FIG. 4 Split of Place, E-Rickshaw Drivers Charge their Vehicle & Company Share by Type of Market, 2017 (%) 19 FIG. 5 India E-Rickshaw Market by Value, 2018-2025 20 FIG. 6 India E-Rickshaw Market by Volume, 2018-2025 20 FIG. 7 Social characteristics of Drivers in the Indian E-Rickshaw service Industry 27 FIG. 8 Previous Professions of Drivers in the Indian E-Rickshaw service Industry 28 FIG. 9 Recommendation and Suggestions by E-Rickshaw Drivers 29 FIG. 10 Social characteristics of Travellers in the Indian E-Rickshaw service Industry 29 FIG. 11 Recommendation and Suggestions by E-Rickshaw Travellers 30 FIG. 12 India Greenhouse Gas Emissions by Industrial Sector (%), 2017 31 FIG. 13 Indian Electric Vehicle Ecosystem 32 FIG. 14 Average Cost of EV Battery Pack (2010-2016) ($ per kWh) 33 FIG. 15 Overview of Initial Cost and Daily Earnings of Rickshaw in Delhi 34 FIG. 16 Charging Facility for an E-Rickshaw 35 FIG. 17 Year on Year Growth Rate of Urban Population in India 36 FIG. 18 India’s Global Emission Ranking 38 FIG. 19 India’s E-Rickshaw Percentage Share by Activity & by Age Group 39 FIG. 20 India’s E-Rickshaw Value Chain 40 FIG. 21 India Advantage for Automotive Industry 41 FIG. 22 Comparative Cost Analysis of Electric 3-Wheelers with Petrol-Fuelled Counterparts (Cost (US$) per km, in Thousand) 46 FIG. 23 Indian E-Rickshaw Market Size by Vehicle Type 2018-2025 (US$ Million) 47 FIG. 24 Indian E-Rickshaw Market Size by Vehicle Type 2018-2025 (Thousand Units) 47 FIG. 25 E-Rickshaw Estimated Battery Market (US$ Million), (2015-2020) & Player Share, (%) 51 FIG. 26 Indian E-Rickshaw Market Size by Battery Type 2018-2025 (US$ Million) 52 FIG. 27 Indian E-Rickshaw Market Size by Battery Type 2018-2025 (Thousand Units) 52 FIG. 28 Battery Specifications 53 FIG. 29 Ownership Structure of Indian E-Rickshaw Market, by Region 2018, (%) 56 FIG. 30 Indian E-Rickshaw Market Size by Ownership Type 2018-2025 (US$ Million) 57 FIG. 31 Indian E-Rickshaw Market Size by Ownership Type 2018-2025 (Thousand Units) 57 FIG. 32 Battery Specifications 61 FIG. 33 Cost-Effectiveness of E-Rickshaw 62 FIG. 34 Kolkata E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 64 FIG. 35 Kolkata E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 64 FIG. 36 Kolkata E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 65 FIG. 37 Kolkata E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 65 FIG. 38 Kolkata E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 66 FIG. 39 Kolkata E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 66 FIG. 40 Nagpur E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 68 FIG. 41 Nagpur E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 68 FIG. 42 Nagpur E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 69 FIG. 43 Nagpur E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 69 FIG. 44 Nagpur E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 70 FIG. 45 Nagpur E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 70 FIG. 46 Delhi-NCR E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 72 FIG. 47 Delhi-NCR E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 73 FIG. 48 Delhi-NCR E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 73 FIG. 49 Delhi-NCR E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 74 FIG. 50 Delhi-NCR E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 74 FIG. 51 Delhi-NCR E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 75 FIG. 52 Lucknow E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 76 FIG. 53 Lucknow E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 77 FIG. 54 Lucknow E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 77 FIG. 55 Lucknow E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 78 FIG. 56 Lucknow E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 78 FIG. 57 Lucknow E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 79 FIG. 58 Bengaluru E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 80 FIG. 59 Bengaluru E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 81 FIG. 60 Bengaluru E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 81 FIG. 61 Bengaluru E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 82 FIG. 62 Bengaluru E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 82 FIG. 63 Bengaluru E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 83 FIG. 64 Pune E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 84 FIG. 65 Pune E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 84 FIG. 66 Pune E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 85 FIG. 67 Pune E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 85 FIG. 68 Pune E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 86 FIG. 69 Pune E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 86 FIG. 70 Chennai E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 87 FIG. 71 Chennai E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 88 FIG. 72 Chennai E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 88 FIG. 73 Chennai E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 89 FIG. 74 Chennai E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 89 FIG. 75 Chennai E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 90 FIG. 76 Hyderabad E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 91 FIG. 77 Hyderabad E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 92 FIG. 78 Hyderabad E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 92 FIG. 79 Hyderabad E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 93 FIG. 80 Hyderabad E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 93 FIG. 81 Hyderabad E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 94 FIG. 82 Rest of India E-Rickshaw Market, by Vehicle Type 2018-2025 (US$ Million) 95 FIG. 83 Rest of India E-Rickshaw Market, by Vehicle Type 2018-2025 (Thousand Units) 96 FIG. 84 Rest of India E-Rickshaw Market, by Battery Type 2018-2025 (US$ Million) 96 FIG. 85 Rest of India E-Rickshaw Market, by Battery Type 2018-2025 (Thousand Units) 97 FIG. 86 Rest of India E-Rickshaw Market, by Ownership Type 2018-2025 (US$ Million) 97 FIG. 87 Rest of India E-Rickshaw Market, by Ownership Type 2018-2025 (Thousand Units) 98 FIG. 88 EV Policy Planning: Indian Political Structure 99 FIG. 89 Major EV Policies Undertaken in India 100 FIG. 90 NITI Aayog: Planned Mobility Transformation 102 FIG. 91 Cab & Other Aggregators Initiatives for E-Rickshaw sector in India 103 FIG. 92 India E-Rickshaw Market: Porter’s Five Forces Analysis 104 FIG. 93 Terra Motors Corporation SWOT Analysis 110 FIG. 94 Hero Electric Vehicles Private Limited SWOT Analysis 112 FIG. 95 Atul Auto Ltd. SWOT Analysis 114 FIG. 96 Atul Auto Ltd. Revenue Split, 2018 116 FIG. 97 Electrotherm (India) Limited SWOT Analysis 118 FIG. 98 Electrotherm (India) Ltd. Revenue Split, 2017-2018 119 FIG. 99 OK Play India Limited SWOT Analysis 122 FIG. 100 Mahindra & Mahindra Limited SWOT Analysis 127 FIG. 101 Mahindra & Mahindra Ltd. Revenue Split, 2018 129 FIG. 102 Kinetic Engineering Limited SWOT Analysis 131 FIG. 103 Lohia Auto Industries SWOT Analysis 135 FIG. 104 Saera Electric Auto Pvt. Ltd. SWOT Analysis 137 FIG. 105 GreenRick SWOT Analysis 139TABLE 1 Characteristics of E-Rickshaw Service in India 27 TABLE 2 Advantage & Disadvantage of E-Rickshaw Service in India 30 TABLE 3 Basic Overview of Initial Cost and Daily Earnings of Rickshaw in Delhi 33 TABLE 4 Break Even Point for Self-owned Rickshaw Drivers 43 TABLE 5 Break Even Point for E-Rickshaw Owner (Rented E-Rickshaw) 44 TABLE 6 Earnings per month of E-Rickshaw Driver in India 44 TABLE 7 Savings per month of E-Rickshaw Driver in India 45 TABLE 8 Indian Passenger Carrier E-Rickshaw Market by Region 2018-2025 (US$ Million) 48 TABLE 9 Indian Passenger Carrier E-Rickshaw Market by Region 2018-2025 (Thousand Units) 49 TABLE 10 Indian Load Carrier E-Rickshaw Market by Region 2018-2025 (US$ Million) 50 TABLE 11 Indian Load Carrier E-Rickshaw Market by Region 2018-2025 (Thousand Units) 50 TABLE 12 Indian Sealed Lead Acid Battery E-Rickshaw Market by Region 2018-2025 (US$ Million) 53 TABLE 13 Indian Sealed Lead Acid Battery E-Rickshaw Market by Region, 2018-2025 (Thousand Units) 54 TABLE 14 Indian Li-Ion Battery E-Rickshaw Market by Region 2018-2025 (US$ Million) 55 TABLE 15 Indian Li-Ion Battery E-Rickshaw Market by Region 2018-2025 (Thousand Units) 55 TABLE 16 Indian Owned E-Rickshaw Market by Region 2018-2025 (US$ Million) 58 TABLE 17 Indian Owned E-Rickshaw Market by Region 2018-2025 (Thousand Units) 59 TABLE 18 Indian Rented E-Rickshaw Market by Region 2018-2025 (US$ Million) 60 TABLE 19 Indian Rented E-Rickshaw Market by Region 2018-2025 (Thousand Units) 60 TABLE 20 Indian E-Rickshaw Market by Region 2018-2025 (US$ Million) 62 TABLE 21 Indian E-Rickshaw Market by Region 2018-2025 (Thousand Units) 63 TABLE 22 Terra Motors Key Facts 109 TABLE 23 Product segmentation of Terra Motors Corporation 109 TABLE 24 Terra Motors Corporation Growth Strategy 110 TABLE 25 Hero Electric Vehicles Private Limited Key Facts 111 TABLE 26 Product segmentation of Hero Electric Vehicles Private Limited 111 TABLE 27 Hero Electric Vehicles Private Limited Growth Strategy 111 TABLE 28 Atul Auto Ltd. Key Facts 113 TABLE 29 Product segmentation of Atul Auto Ltd. 114 TABLE 30 Atul Auto Ltd. Growth Strategy 114 TABLE 31 Electrotherm (India) Ltd., Key Facts 117 TABLE 32 Product segmentation of Electrotherm (India) Limited 118 TABLE 33 Electrotherm (India) Limited Growth Strategy 118 TABLE 34 OK Play India Ltd. Key Facts 120 TABLE 35 Product segmentation of OK Play India Limited 121 TABLE 36 OK Play India Limited Growth Strategy 121 TABLE 37 Mahindra & Mahindra Ltd. Key Facts 125 TABLE 38 Product segmentation of Mahindra & Mahindra Limited 126 TABLE 39 Mahindra & Mahindra Limited Growth Strategy 126 TABLE 40 Kinetic Engineering Ltd. Key Facts 130 TABLE 41 Product segmentation of Kinetic Engineering Limited 131 TABLE 42 Kinetic Engineering Limited Growth Strategy 131 TABLE 43 Lohia Auto Industries Key Facts 134 TABLE 44 Product segmentation of Lohia Auto Industries 134 TABLE 45 Lohia Auto Industries Growth Strategy 135 TABLE 46 Saera Electric Auto Pvt. Ltd. Key Facts 136 TABLE 47 Product segmentation of Saera Electric Auto Pvt. Ltd. 136 TABLE 48 Saera Electric Auto Pvt. Ltd. Growth Strategy 136 TABLE 49 GreenRick Key Facts 138 TABLE 50 Product segmentation of GreenRick 138 TABLE 51 GreenRick Growth Strategy 139

Terra Motors Corporation, Hero Electric Vehicles Private Ltd, Atul Auto Ltd., Electrotherm (India) Limited, OK Play India Limited, Mahindra & Mahindra Limited, Kinetic Engineering Limited, Lohia Auto Industries, Saera Electric Auto Pvt. Ltd., GreenRick