Fleet operators and e-commerce companies are readily adopting electric three-wheelers for last-mile deliveries owing to their low operational and maintenance costs. Established companies as well as startups are entering this arena with their vehicles featuring different specifications and load-carrying capacities.
Going by the current trend, India’s market for light commercial EVs is expected to see tremendous growth in the next decade. Here, EVJoints brings you the top 5 electric three-wheeler cargo vehicles in the country:
- Euler HiLoad EV:
Delhi-based Euler Motors is an electric commercial vehicle manufacturing startup which sells the popular HiLoad EV, a cargo three-wheeler. The Euler HiLoad EV features the segment’s largest battery capacity (13 kWh) and gives a 170 km range. The HiLoad has a payload capacity of 688 kg. The EV is fast-charging compatible and can run 50 km when charged for 15 minutes.
Features include halogen headlamps, vehicle tracking system, vehicle health alerts via Euler Shepherd app (which acts as an EV charging app as well).
Prices start at Rs 3.94 lakhs.
- Altigreen neEV High Deck:
Bengaluru-based cargo EV manufacturer Altigreen has quickly made a mark in the electric three-wheeler segment with its neEV range of vehicles. The neEV High Deck is an electric three-wheeler cargo vehicle which comes with an 11 kWh battery pack offering a range of 151 km and a payload capacity of 550 kg. It is a gearless, clutchless vehicle which is very convenient to drive.
Prices start at Rs 4.36 lakhs.
- Bajaj Maxima Cargo XL:
Auto industry giant Bajaj has introduced the Maxima Cargo XL Electric, which comes with good specifications and has been priced competitively. The Bajaj Maxima Cargo XL comes with an 11.8 kWh LFP battery, which gives a range of 183 km. It has a 2-speed automatic transmission and also features regenerative braking system.
Prices start at Rs 3.77 lakhs.
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- OSM Rage Plus:
The Rage+ is a commercial electric three-wheeler from Delhi-based Omega Seiki Mobility (OSM). The EV has been indigenously designed & manufactured at the company’s plant in Faridabad. The Rage Plus comes with a 10.8 kWh battery pack which gives a range of 151 km. The payload capacity is 550 kg. Prices start at Rs 3.70 lakh.
Recently, OSM introduced a refrigerated version of the above in the form of Rage Plus Frost to cater to the needs of food and pharma industry (especially vaccines of all types).
- Mahindra Zor Grand Electric:
Industry stalwart Mahindra offers the Zor Grand Electric in this segment. The e3w features a 10.24 kWh battery which gives a range of 153 km. It is a gearless, clutchless vehicle which comes with a payload of 400 kg. Prices start at Rs 3.60 lakh.
Mahindra has the benefit of in-house financing solutions and also offers leasing subscriptions.
Conclusion:
Owing to the unprecedented rise in e-commerce activities and intra-city logistics post the pandemic, the demand for three-wheeled electric vehicles has gone up rapidly. The cost-effectiveness of electric three-wheelers is the driver of this growth. Availability of financing solutions for OEMs, increase in charging network and customer awareness will further determine the breadth of growth of this segment.
