Electric Auto / Rickshaw Fleet
About This Business
Start an electric auto-rickshaw or e-rickshaw fleet business catering to urban last-mile connectivity demand and growing preference for clean transportation. E-rickshaws are rapidly replacing traditional cycle rickshaws across India, and electric three-wheelers are booming in cargo delivery for e-commerce and food delivery platforms. FAME II subsidy of 50,000 to 1,00,000 rupees per vehicle significantly reduces capital cost, and state-level subsidies in Delhi, Maharashtra, Gujarat, and Karnataka further improve economics. Revenue comes from fleet leasing to drivers (typically 300 to 500 rupees per day per vehicle), own-driving operations, or partnerships with ride-hailing platforms like Ola Electric and Rapido. A fleet of 10 to 15 vehicles can generate steady monthly income of 1.5 to 3 lakh rupees with proper management.
Estimated Investment
₹5,00,000 – ₹20,00,000
Expected Revenue
₹80,000 – ₹3,00,000/month
Investment Level
Medium
Suitable For
Skills Required
Steps to Start
- 1Research FAME II subsidies and state-level EV incentives
- 2Purchase 5-10 electric autos from approved manufacturers (Mahindra, Piaggio, YC Electric)
- 3Apply for FAME II subsidy through the manufacturer/dealer
- 4Get commercial vehicle permits and driver licenses
- 5Deploy fleet by leasing to drivers or operating through ride-hailing platforms
Registrations Needed
Related Government Schemes
Related Bank Loans
Official Links
Disclaimer
This business idea is provided for informational and educational purposes only. EduMetrics does not guarantee any returns, profits, or business outcomes. Investment figures and revenue estimates are indicative and may vary based on location, market conditions, and individual effort. Please conduct your own research and consult a financial advisor before making any investment decisions.