E Rickshaw (Electric Tuk Tuks) Manufacturing Business 74545
E Rickshaw (Electric Tuk Tuks) Manufacturing Business 74545
E Rickshaw (Electric Tuk Tuks) Manufacturing Business 74545
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Introduction
E-Rickshaws are small vehicles, with three wheels and use electric
power from batteries to run. They use an electric motor as engine
which draws electric power from the rechargeable batteries installed in
the rickshaw body. These battery operated vehicles are perfect for
small distant transport, both cargo and people; they are perfect for
running on narrow streets because of their small size. But the biggest
reason for their popularity is low operating cost and zero air pollution.
In a nutshell you can say they are bigger version of rickshaws powered
by electricity.
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They are like normal rickshaws but powered by electric motor instead
of petrol or diesel motor. They are perfect for a pollution free,
environment friendly transport system in short distances. Actually
they are not capable of running long distance.
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These e-rickshaws consist of 3 wheels with a differential mechanism at
rear wheels. Basically these vehicles has a mild steel tubular chassis.
The motor is brush-less DC motor manufactured mostly in India and
China. The electrical system used in Indian version is 48VDC can run
90– 100 km/full charge, top speed 25 km/hour and this electric motor
power ranging from 650-1400 Watts; the battery takes 8–10 hrs to
become fully charged. Basic seating capacity is driver plus 4 passenger
total 5 persons.
These vehicles are now started using in transporting light weight goods
as e-loader. Hence there are lots of opportunities of income.
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Below are some of the main reason why this e-rickshaw is going to get
more support from people and from government in future:-
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Maintenance: Since this vehicle has no engine, and gearbox
maintenance of this vehicles comes very cheap. It’s very easy to
charge the battery. All you need to do is, pay money for charging the
battery.
Fare and Cost of Vehicle: This e-rickshaw are affordable to buy, one can
buy this vehicle at the price of a bike in India. One can buy this e-
rickshaw at a price of 95,000 Rs. When it comes to motor rickshaw you
need to spend 2 lakhs of rupees, which is too expensive.
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Need of E-rickshaw:
As population increases there came to a need for the fast & eco-
friendly mode of transports. Then started the evolution of electric
vehicles especially E- rickshaws and electric automobiles. So many
technologies were there which supported a reliable battery and the
weight of the needed number of batteries elevated the price of making
an electric vehicle.
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E Rickshaws are three wheel battery operated vehicles, which are
considered as an upgrade to conventional rickshaws, and economically
better than auto rickshaws and other fuel variants, these rickshaws,
since are battery powered have zero emission, and is often argued to be
much better than other rickshaws as they are considered almost
pollution free.
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Market Outlook
Indian electric rickshaw market is projected to reach 935.5 thousand
units by 2023, the market growth is majorly driven by government
incentives and environmental policies, and declining battery prices.
Passenger carriers held a larger share in the Indian electric rickshaw
market in 2017, accounting for more than 95% revenue. They are
expected to continue holding a larger market share in the coming years
as well, on account of the large passenger base in the country, coupled
with the growing demand for low-cost shared mobility.
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A large number of such rickshaws are equipped with 1,000–1,500 W
motor, as it provides operational cost benefits. However, with the
growing demand for quality products and the entry of big, organized
players, the demand for vehicles equipped with higher-power motors is
expected to increase in the Indian electric rickshaw market during the
forecast period.
North India was the largest market for electric rickshaws during the
historical period. The region contributed close to 70% volume share to
the Indian electric rickshaw market in 2017. However, during the
forecast period, the market is expected to witness the fastest growth in
East India. One of the most important aspects of these e rickshaws are
their contribution to the economy, as thousands of individuals become
self-employed and they are earning their livings by driving these
battery rickshaws on daily basis.
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The demand for the rickshaws has significantly increased over the past
few years owing to its low running costs that helps rake in higher
profits. With people becoming conscious about the damage done by
conventional fuels, the E-rickshaws are set to increase in popularity in
the coming years.
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Machinery Photographs
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Compressor
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Project at a Glance
COST OF PROJECT MEANS OF FINANCE
Propose Propose
Particulars Existing d Total Particulars Existing d Total
Land & Site
Development Exp. 0.00 100.00 100.00Capital 0.00 80.91 80.91
Buildings 0.00 146.00 146.00Share Premium 0.00 0.00 0.00
Other Type Share
Plant & Machineries 0.00 28.75 28.75 Capital 0.00 0.00 0.00
Motor Vehicles 0.00 5.00 5.00Reserves & Surplus 0.00 0.00 0.00
Office Automation
Equipments 0.00 13.55 13.55Cash Subsidy 0.00 0.00 0.00
Technical Knowhow Internal Cash
Fees & Exp. 0.00 10.00 10.00 Accruals 0.00 0.00 0.00
Franchise & Other Long/Medium Term
Deposits 0.00 0.00 0.00 Borrowings 0.00 242.73 242.73
Preliminary& Pre-
operative Exp 0.00 1.00 1.00Debentures / Bonds 0.00 0.00 0.00
Provision for Unsecured
Contingencies 0.00 2.00 2.00 Loans/Deposits 0.00 0.00 0.00
Margin Money -
Working Capital 0.00 17.34 17.34
TOTAL 0.00 323.64 323.64TOTAL 0.00 323.64 323.64
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Project at a Glance
Yea Annualised Boo Debt Divid Retained Payo Proba P/E Yield
r k end Earnings ut ble Ratio Price/
Valu Marke Book
e t Price Value
Per No.of
EPS CEPS Per Share Share Per Share Time
` ` ` ` ` % ` % ` s %
1- 15.3 100.
2 5.38 8.14 8 24.00 0.00 00 5.38 0.00 5.38 1.00 0.00
2- 23.7 100.
3 8.32 10.78 0 18.00 0.00 00 8.32 0.00 8.32 1.00 0.00
3- 34.8 100.
4 11.15 13.35 5 12.00 0.00 00 11.15 0.00 11.15 1.00 0.00
48.7 100.
4-5 13.85 15.81 0 6.00 0.00 00 13.85 0.00 13.85 1.00 0.00
65.0 100.
5-6 16.39 18.15 8 0.00 0.00 00 16.39 0.00 16.39 1.00 0.00
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Project at a Glance
Yea D. S. C. R. Debt / Equity Total Retur Profitability Ratio Asset Curre
r - as- Net n on s nt
Depo Equity Wort Net Turno Ratio
sits h Wort ver
Debt h Ratio
Individ Cumula Over GPM PBT PAT Net P/V
ual tive all Contri Ratio
bution
(Number of
(Number of times) times) % % % % % %
Initi
al 3.00 3.00
1- 19.47 290.3 43.36
2 1.23 1.23 1.56 1.56 2.14 % 10.00% 6.50% 2 % 1.75 0.89
21.38 337.8 43.24
2-3 1.55 1.39 0.76 0.76 1.19 % 13.47% 8.61% 3 % 1.89 1.19
22.64 10.10 386.0 43.24
3-4 1.93 1.55 1.92 0.34 0.34 0.68 % 15.91% % 7 % 1.91 1.59
23.46 11.15 434.3 43.24
4-5 2.37 1.73 0.12 0.12 0.39 % 17.61% % 1 % 1.85 2.06
23.97 11.88 482.5 43.24
5-6 2.88 1.92 0.00 0.00 0.22 % 18.78% % 5 % 1.75 3.64
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Project at a Glance
BEP
BEP - Maximum Utilisation Year 5
Cash BEP (% of Installed Capacity) 53.58%
Total BEP (% of Installed Capacity) 56.53%
IRR, PAYBACK and FACR
Internal Rate of Return .. ( In %age ) 24.22%
2 Years 4
Payback Period of the Project is ( In Years ) Months
Fixed Assets Coverage Ratio ( No. of times ) 5.125
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Major Queries/Questions Answered in the Report?
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5. What is the structure of the E-Rickshaw
Manufacturing Business and who are the
key/major players ?
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9. Who are the Suppliers and Manufacturers of Plant
& Machinery for setting up E-Rickshaw Assembling
plant ?
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13. What is the total size of land required for setting up
E-Rickshaw Manufacturing plant ?
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18. What are the Personnel (Manpower)
Requirements for setting up Electric Rickshaw
Manufacturing Business?
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23. What are the Profitability Ratios of E-Rickshaw
Assembling Project?
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27. What are the Market Opportunities for setting
up E-Rickshaw Manufacturing plant?
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1. PROJECT LOCATION
1.1. District Profile & Geotechnical Site Characterization
1.1.1. General
1.1.2. History
1.1.3. Climate
1.1.4. Topography
1.1.5. Map
1.1.6. Economy
1.1.7. Industry at a Glance
1.1.8. Transport
2. INTRODUCTION
4. CONSTRUCTION OF E RICKSHAW
6. WORKING PRINCIPLE
7. B.I.S. SPECIFICATIONS
8. MARKET SURVEY
8.1. Three-Wheelers
8.2. E Rickshaws
8.3. Newly Emerging Indicators
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8.4. Leading Brands
8.5. Market Structure
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• Plant & Machinery……………………………………………..……..5
Indigenous Machineries
Other Machineries (Miscellaneous, Laboratory etc.)
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• Overheads Required Per Month and Per Annum………….…….…8
Utilities & Overheads (Power, Water and Fuel Expenses etc.)
Royalty and Other Charges
Selling and Distribution Expenses
• Share Capital…………………………………………………….....11
Equity Capital
Preference Share Capital
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• Annexure 1 :: Cost of Project and Means of Finance
Revenue/Income/Realisation
Expenses/Cost of Products/Services/Items
Gross Profit
Financial Charges
Total Cost of Sales
Net Profit After Taxes
Net Cash Accruals
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• Annexure 3 :: Assessment of Working Capital requirements
Current Assets
Gross Working Capital
Current Liabilities
Net Working Capital
Working Note for Calculation of Work-in-process
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• Annexure 5 :: Projected Balance Sheets
D.S.C.R
Earnings Per Share (EPS)
Debt Equity Ratio
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• Annexure 7 :: Break-Even Analysis
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• Annexure 8 to 11 :: Sensitivity Analysis-Price/Volume
Resultant N.P.B.T
Resultant D.S.C.R
Resultant PV Ratio
Resultant DER
Resultant ROI
Resultant BEP
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• Annexure 12 :: Shareholding Pattern and Stake Status
Equity Capital
Preference Share Capital
• Annexure 13 :: Quantitative Details-Output/Sales/Stocks
Determined Capacity P.A of Products/Services
Achievable Efficiency/Yield % of Products/Services/Items
Net Usable Load/Capacity of Products/Services/Items
Expected Sales/ Revenue/ Income of Products/ Services/
Items
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• Annexure 14 :: Product wise Domestic Sales
Realisation
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• Annexure 21 :: Employees Expenses
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• Annexure 29 :: Depreciation Charges – as per Books (Total)
• Annexure 30 :: Depreciation Charges – as per Books (P &
M)
• Annexure 31 :: Depreciation Charges - as per IT Act WDV
(Total)
• Annexure 32 :: Depreciation Charges - as per IT Act WDV
(P & M)
• Annexure 33 :: Interest and Repayment - Term Loans
• Annexure 34 :: Tax on Profits
• Annexure 35 :: Projected Pay-Back Period and IRR
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Scope of the Report
The report titled “Market Survey cum Detailed Techno Economic
Feasibility Report on E-Rickshaw Assembling.” provides an
insight into E-Rickshaw market in India with focus on uses and
applications, Manufacturing Process, Process Flow Sheets, Plant
Layout and Project Financials of E-Rickshaw project. The report
assesses the market sizing and growth of the Indian E-Rickshaw
Industry. While expanding a current business or while venturing
into new business, entrepreneurs are often faced with the
dilemma of zeroing in on a suitable product/line. And before
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• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period
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