JMK Research & Analytics

Mandatory Registration of all Electric Rickshaws across States in India India’s electric three-wheeler (e3W) segment has emerged as a major contributor to EV adoption, accounting for around 28.73% of total EV registrations across all vehicle categories between CY2017 and CY2025. Despite this scale, reported sales figures do not always reflect real market behaviour on the ground. Adoption of electric rickshaws is also highly uneven across the country and concentrated in a few key states. Between CY2017-CY2025, Uttar Pradesh alone accounted…

How Are New E-car Entrants Building Early Presence in the Indian Market? India’s electric car (e-car) market has expanded significantly with a 2x growth over the past two years, with annual sales increasing from 54,473 units in FY2023 to 110,748 units in FY2025 and sales increasingly concentrated among a handful of established players. However, recent vehicle registration data also points to the emergence of new global entrants. While their volumes remain modest at present, these players are beginning to register…