Is it the right time to venture into the E-Rickshaw business?

Past few years have seen different trends that have influenced the Indian markets. One such trend was the E-rickshaw that was appreciated by the public and had a great impact on their lives. E-rickshaws have been running for quite some time now in the capital region. They have gained popularity in the suburban as well as remote areas.

The reason why they are famous now is because of the ease with
which they are suitable for travelling in narrow lanes where other means of
public transport are unable to reach. Hence, small business owners are
venturing into the e-rickshaw dealership. It is a low investment business that
generates high profits with minimum risk involved. Moreover, the profits are
generated faster because of the features of the product. An eco-friendliness of
this vehicle sets it apart from the conventional auto-rickshaws, and this sole
characteristic makes it the most sold vehicle among people who are
environment-conscious. 

The most salable features that distinguish it from other rickshaws
are –

•    Have a capacity of
accommodating more passengers than the normal three-wheelers.

•    Can sustain for long
duration and can cover longer distances much faster than other rickshaws.

•    E-rickshaw spare parts are
easily available and there are no specific skills required for driving these
rickshaws.

•    They are more durable
and offer consistent performance for a long time and in terms in quality they
are rated one of the best.

•    Repairs and maintenance
easily available at affordable prices.

E-rickshaws also offer some value additions for your business like
it can be used as an advertising medium, promoting products and services. You
just to put an ad banner at the back of the rickshaw and you can start earning
profit for these services.

You should consider investing in the business to harvest the
golden fruits later on. Some of the reasons that will support this statement
are –

•    The investment on this
business is low compared to other automobiles

•    E-Rickshaws do not
consume much of space and can fit in small areas.

•    They are in demand now,
so the inflow of cash will be faster, resulting in quick recovery on the
investment

•    A feasible risk is involved
in every business, but considering the growing popularity of e-rickshaws, this
business can yield you only profits in the future.

For a small scale businessman, this business is a golden
opportunity. Start with investing in two rickshaws only to see how the business
works, and then as you learn the trade, you can expand your business size.
There are no big brands that are manufacturing battery operated rickshaws as
the product is still fresh and yet to pick up its pace in the market.

Overall, this business
definitely has the potential to grow, not just in Delhi, but soon they will be
seen in other metro cities and this is the best time to invest in your future.