India’s electric rickshaw market is growing rapidly as fuel prices rise, urban mobility needs increase, and government support for EVs becomes stronger. Among the newest and most reliable options in this segment is the Bajaj Riki P4005 E-Rickshaw. Known for its durability, performance, and extremely low running cost, it has quickly become a favorite among daily drivers and fleet owners.
This detailed review covers the Bajaj Riki P4005 price, features, range, battery performance, advantages, and why it stands out as a profitable investment in 2025.
Bajaj Riki P4005 E-Rickshaw Price in India (2025)
The Bajaj Riki P4005 is attractively priced, making it a great choice for both individual drivers and commercial fleet operators.
Expected Ex-Showroom Price (2025): ₹1.60–₹1.75 lakh
The final price may vary depending on:
- City/State
- Lithium battery variant
- State EV subsidy
Why the price is justified?
- High-quality build
- Long-life battery
- Strong Bajaj service network
- Higher resale value than most e-rickshaws
For long-term income, this price range is ideal and profitable.
Design & Build Quality: Strong, Durable & Driver-Friendly
Bajaj is known for making extremely durable commercial vehicles, and the Riki P4005 reflects the same engineering quality.
Key Exterior Highlights
- Stylish, modern body design
- Reinforced steel chassis for extra durability
- Strong roof & side protection for passengers
- Spacious seating for 4 passengers
- LED headlamps for excellent night visibility
The design looks professional, modern, and highly practical, perfect for urban and semi-urban operations.
Battery, Range & Performance: Best in Its Segment
The battery and motor performance are the heart of any e-rickshaw—and the P4005 excels in both.
Battery Option
- Lithium-Ion Battery (Fast charging + long durability)
Range (On Full Charge)
90–120 km, based on load & driving conditions
Charging Time
3–4 hours
Top Speed
25 km/h (Government-approved limit)
Why the performance is impressive
- Smooth power delivery
- Excellent hill performance
- Quick acceleration
- Ideal for stop-and-go traffic
- Reliable for daily commercial use
With stable performance and impressive range, the P4005 is built for high-earning daily rides.
Mileage & Running Cost: Extremely Low Operating Expense
One of the biggest benefits of the Bajaj Riki P4005 is its ultra-low running cost compared to petrol or diesel autos.
Cost to Fully Charge
₹12–₹18
Running Cost per km
10–15 paise/km
Petrol autos cost ₹2.5–₹3 per km—this means up to 80% fuel savings, making the P4005 a high-profit vehicle.
Features & Technology: A Value-Packed Electric Rickshaw
The Riki P4005 comes loaded with modern and practical features.
Top Features
- Digital instrument cluster
- Battery health monitoring
- Reverse assist
- Front & rear strong suspension
- Durable tires for rough roads
- USB phone charging port
- Weather-resistant seats
- Powerful braking system
These features ensure better comfort, higher reliability, and long-term durability.
Comfort & Safety: Better Than Most Local E-Rickshaws
Comfort Features
- Soft cushioned seats
- Spacious cabin
- Smooth suspension
- Low vibration & noise
Safety Features
- Strong metal frame
- Reliable braking system
- Full LED lights
- Side safety bars
Bajaj’s focus on safety gives it a huge advantage over most locally manufactured e-rickshaws.
Maintenance Cost: Lowest in Its Class
The Bajaj Riki P4005 requires minimal maintenance because of its efficient electric motor and Li-ion battery.
Reasons for Low Maintenance
- Fewer moving parts
- Durable electric motor
- Long-lasting lithium battery
- Easy access to Bajaj service centers
Average Monthly Maintenance Cost
₹600–₹800
This is significantly cheaper than petrol autos, making it ideal for daily operations.
Earnings Potential: Why Drivers Love the P4005
Let’s understand why the P4005 is considered an excellent earning tool.
Daily Income Example
- 25–30 rides per day
- Earn ₹1,200–₹1,800 per day (city dependent)
- Monthly earnings: ₹30,000–₹45,000
- Very low running cost
Why it’s profitable
- Higher savings
- Low charging cost
- Strong resale value
- High passenger demand
- Bajaj’s trusted reliability
Drivers can recover the full investment within 12–18 months.
Bajaj Riki P4005 vs Other E-Rickshaws
Model | Price | Range | Battery | Brand Trust |
Bajaj Riki P4005 | ₹1.60–1.75 L | 90–120 km | Li-ion | ⭐⭐⭐⭐⭐ |
Mahindra Treo | ₹2.0–2.3 L | 131 km | Li-ion | ⭐⭐⭐⭐⭐ |
Kinetic Safar | ₹1.5–1.7 L | 100 km | Lead-acid/Li-ion | ⭐⭐⭐ |
Local E-Rickshaws | ₹1.2–1.5 L | 60–80 km | Lead-acid | ⭐⭐ |
Why Bajaj wins
- Superior build quality
- Lithium-ion battery
- High resale value
- Reliable service network
- Strong brand trust
Who Should Buy the Bajaj Riki P4005?
Perfect for:
- Daily city commuters
- Drivers aiming for high monthly income
- Fleet owners
- Small delivery businesses
- Rural & semi-urban transport needs
- Users wanting low-maintenance EVs
For profitability and durability, the P4005 is one of the best choices in 2025.
Final Verdict: Is the Bajaj Riki P4005 Worth Buying in 2025?
Absolutely YES.
The Bajaj Riki P4005 offers:
- Ultra-low running cost
- High daily earnings
- Long driving range
- Strong build quality
- Bajaj’s dependable service network
- Smart features
- Best-in-class resale value
If you’re looking for a safe, profitable, and future-ready e-rickshaw, the Bajaj Riki P4005 is an excellent investment for 2025.
FAQs – Bajaj Riki P4005 E-Rickshaw
It is expected to cost ₹1.60–₹1.75 lakh (ex-showroom)..
You get 90–120 km on a full charge.
Around 3–4 hours.
Yes, it is built for heavy daily usage.
Yes, it comes with a long-lasting Li-ion battery.