The pandemic brought some significant changes to the automotive industry, especially the two-wheeler industry, with the new business models and start-ups coming in. In addition, the worldwide environmental awareness about carbon emissions increased the electric two-wheeler sales across the industry.
In 2021, most regions witnessed growth, especially the two-wheeler-major region of Asia. Other regions that saw 2W industry growth are North and South America. After the pandemic, most OEMs changed their products and expansion strategies.
Collaborations and partnerships are an important part of the two-wheeler industry as new disrupting technologies and business models will be the way forward for the overall growth. These collaborations and partnerships can be profitable for all the stakeholders involved.
Further, governments focusing on electrification of two wheelers across several regions and the evolving nature of the charging infrastructure will lead to a faster transition of ICE two wheelers to electric two wheelers across the globe.