IMARC Group, a leading market research company, has recently releases report titled “India Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Replacement (Hub Type, Chassis Mounted), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the India electric two-wheeler market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Electric Two-Wheeler Market?
India electric two-wheeler market size is projected to exhibit a growth rate (CAGR) of 35.10% during 2024-2032.
| Report Attribute | Key Statistics |
|---|---|
| Base Year | 2023 |
| Forecast Years | 2024-2032 |
| Historical Years | 2018-2023 |
| Market Growth Rate (2024-2032) | 35.10% |
India Electric Two-Wheeler Market Trends and Drivers:
The rising awareness of environmental issues, incentives by government authorities, along with the advancements in electric vehicle technology are the factors responsible for the growth of the electric two-wheeler marketin India. Additionally, there is a growing popularity of electric vehicles due to increasing concerns about air pollution, which is inclining consumers towards eco-friendly transportation solutions and fueling the market across the country. Besides this, electric two-wheelers, such as scooters and motorcycles, are gaining traction owing to their low emissions, affordability, and efficiency in navigating congested city streets. Moreover, local government authorities in major cities are implementing stricter emissions regulations, further driving the adoption of electric vehicles.
Technological improvements in battery performance and cost reduction are key factors propelling the India electric two-wheeler market. In addition to this, the market is positively impacted by the development of lithium-ion batteries with longer life spans and shorter charging times, which has enhanced the practicality of electric two-wheelers, making them more appealing to the average consumer. Furthermore, there is also a growing network of charging infrastructure being deployed across the country, improving convenience for users, which is acting as another growth-inducing factor. In line with this, the entrance of several new market players, including startups focusing on innovative electric mobility solutions, is intensifying competition and accelerating the pace of technological advancements, which is anticipated to drive the India electric two-wheeler market over the forecasted period.
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India Electric Two-Wheeler Market Report Segmentation:
The report is organized into distinct sections as follows:
Vehicle Type Insights:
- Electric Scooter/Moped
- Electric Motorcycle
Battery Type Insights:
- Lithium-Ion
- Sealed Lead Acid (SLA)
Voltage Type Insights:
- <48V
- 48-60V
- 61-72V
- 73-96V
- >96V
Peak Power Insights:
- <3 kW
- 3-6 kW
- 7-10 kW
- >10 kW
Battery Technology Insights:
- Removable
- Non-Removable
Motor Replacement Insights:
- Hub Type
- Chassis Mounted
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
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Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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