WebApr 11, 2024 · Customers of e-rickshaws belong to low income category whose disposable income and ‘willingness to pay’ for the product is low. They typically rely on bank financing. However, as the quality of the vehicle is poor and the life of the vehicle sort, lending institutions typically charge high lending rates, in twenties, to mitigate their risks. WebJul 2, 2014 · In competitive politics, Minister for Road Transport and Highways Nitin Gadkari of the new BJP-led government declares e-rickshaws as outside the Motor Vehicles Act, and therefore, legal. But experts say urban transport not in his ambit, but under the ministry of urban development. The e-rickshaw market.
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