In FY 2020, India electric two-wheeler market stood around 152 thousand units in volume terms and is forecast to grow at a CAGR of around 25% during FY 2021 – FY 2026. Government of India is continuously emphasising on increasing the sales of clean energy vehicles in the country. According to WHO, air pollution is the becoming one of the leading causes of death in developing countries with deteriorating air quality. As a result of which, the county’s government is offering subsidies on the purchase of electric two-wheeler by introducing schemes like Fame-1 and Fame-2. Furthermore, low speed electric two-wheeler does not require any registration from transport authority of the country, which is anticipated to positively influence the growth in the India electric two-wheeler market during the forecast period.

India electric two-wheeler market can be classified on the basis of battery type, vehicle type, voltage capacity and by region. Based on the battery type, the market can be segmented into Lithium-Ion and Lead Acid. Lead Acid accounted for the largest share and the segment will continue to dominate during the forecast period as well. However, the penetration of Lithium-Ion segment is also expected to increase at a rapid pace in the coming years.

In terms of vehicle type, the market has been segmented into electric scooter and electric motorcycle. Electric scooter segment is dominating the electric two-wheeler market across the country and this trend is expected to continue over the course of next five years. Major players operating in India electric two-wheeler market include Hero Electric, Okinawa Autotech Pvt. Ltd, Ampere Vehicles, Electrotherm India (Yo Bikes), among others.

Years considered for this report:

  • Historical Period: FY2016 - FY2019
  • Base Year: FY2020
  • Estimated Year: FY2021
  • Forecast Period: FY2022 - FY2026

Objective of the Study:

  • To assess the demand-supply scenario of electric two-wheeler, which covers production, demand and supply of electric two-wheelers, across India.
  • To analyze and forecast the market size of electric two-wheeler market.
  • To classify and forecast India electric two-wheeler market based on battery type, vehicle type, voltage capacity, and regional distribution.
  • To identify drivers and challenges for India electric two-wheeler market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India electric two-wheeler.
  • To conduct the pricing analysis for electric two-wheeler.
  • To identify and analyze the profile of leading players involved in the manufacturing of India electric two-wheeler.

Key Target Audience:

  • Electric two-wheeler manufacturers, suppliers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to electric two-wheeler
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric two-wheeler manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:
In this report, India electric two-wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Vehicle Type:
  • Electric Scooter
  • Electric Motorcycle
Market, By Battery Type:
  • Lead Acid
  • Lithium Ion
Market, By Voltage Capacity:
  • 48-59V
  • 60-72V
  • 73-96V
  • Above 96V
Market, by Region:
  • North
  • West
  • South
  • East

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Electric two-wheeler.