It seems that Nano is not only threatening the two wheeler market, but also the three wheeler manufacturers. A Gujarat based Electrotherm India which was planning to launch e-auto rickshaw has been forced to shelve its project.
The 780-crore Electrotherm India had moved to producing electric bikes and new brands of three wheelers. The company had conceived a three wheeler with 48 volt battery and can reach a maximum power of 48 kmph. The device could also be fitted in diesel driven Bajaj autos. However the three-wheeler price was said to start from Rs 1.2 lakh.
The advent of Nano, the world’s cheapest car has forced the company to drop all further processes. It remains to be seen whether the Nano wave will wash many more such concepts and projects as its advances.
It is sad to note that and electric auto rickshaw could die even before it hit the roads. Autorickshaw cater to vast majority of Indian needs, They can scramble through any traffic jams, take quick small turns and go into any roads. the only complaint was high levels of emission. With that issue being addressed, they are the cheapest mode of transport in the world. I hope the project is revived again in near future.
It is definitely a threat to the three wheeler makers but i don not think the auto drivers are at risk. they can always shift to the nano, as it is lesser in price than auto.
beside the risk factor will also come down as three wheeler is prone to accidents.
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