India Electric Two-Wheeler Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 35.10% (2024-2032)

The India electric two-wheeler market is rapidly growing, driven by increasing demand for eco-friendly transport and government incentives. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 35.10% from 2024 to 2032.

India Electric Two-Wheeler Market Trends and Drivers:

A combination of factors, including policies made by government authorities, environmental concerns, as well as advancements in technologies, are responsible for the growth of the India electric two-wheeler market. Additionally, the market is positively inflated by the push by government authorities for electric mobility through initiatives such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme, which delivers subsidies and incentives for electric vehicle (EV) purchases and infrastructure development.

Besides this, rising fuel prices and increasing awareness of environmental issues are encouraging consumers to switch to electric two-wheelers as a cost-effective and eco-friendly alternative to traditional gasoline-powered bikes. The demand from the urban population for convenient and sustainable transportation options is also fueling the market.

Current trends in the India electric two-wheeler market include significant advancements in battery technology and charging infrastructure. In addition to this, improvements in lithium-ion batteries are leading to enhanced range, reduced charging times, and longer battery life, making electric two-wheelers more practical and appealing to consumers. The expansion of charging stations across urban and semi-urban areas is further supporting this growth by addressing range anxiety concerns.

Moreover, manufacturers are concentrating on creative designs and features like smart connections, lightweight materials, and increased safety measures. Apart from this, the rise of shared mobility services and app-based ride-sharing platforms that utilize electric two-wheelers is also notable, as it aligns with the growing preference for sustainable urban mobility solutions, which is anticipated to drive the India electric two-wheeler market over the forecasted period.

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India Electric Two-Wheeler Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Vehicle Type:

• Electric Scooter/Moped
• Electric Motorcycle

Breakup by Battery Type:

• Lithium-Ion
• Sealed Lead Acid (SLA)

Breakup by Voltage Type:

• <48V
• 48-60V
• 61-72V
• 73-96V
• >96V

Breakup by Peak Power:

• < 3 kW
• 3-6 kW
• 7-10 kW
• >10 kW

Breakup by Battery Technology:

• Removable
• Non-Removable

Breakup by Motor Replacement:

• Hub Type
• Chassis Mounted

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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