India electric two wheeler market stood at around $ 27 million in 2017 and is forecast to grow at a CAGR of over 41% to reach $ 200 million by 2023, on account of growing need to curb air pollution levels across the country. Government incentive schemes, growing distributor & dealership network, rising online sales, and increasing affordability of electric two wheelers being provided by leading automobile manufacturers are some of the other key factors that would boost demand for electric two wheelers in India. Moreover, growing research & development activities are likely to result in a wide product portfolio for electric two wheelers, thereby positively influencing the country’s electric two wheeler market during the forecast period.

Years considered for this report:

Historical Period: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

• To assess the electric two wheeler market scenario in the country.
• To analyze and forecast India electric two wheeler market size.
• To classify and forecast India electric two wheeler market on the basis of vehicle type, battery type, voltage capacity, motor placement and region.
• To identify drivers and challenges for India electric two wheeler market.
• To identify market trends and developments in India electric two wheeler market.
• To identify and analyze the profile of leading players operating in India electric two wheeler market.

Click here to download the brochure

Some of the major companies operating in India electric two wheeler market are Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Electrotherm (India) Ltd., Lohia Auto Industries, Avon Cycles Ltd., Ampere Vehicles Pvt Ltd, Tunwal E-Bike India PVT. LTD, NDS Eco Motors Private Limited, Ather Energy Pvt. Ltd., Tork Motors Private Limited, etc. All these companies are well assisted by their key development teams and are strengthening their dealership network to boost their customer reach.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric two wheeler manufacturers and companies currently investing in the market in different regions of the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. TechSci Research analyzed product offerings, regional network, and regional presence of all major companies across the country.

TechSci Research calculated India electric two wheeler market size using a bottom-up technique, wherein the value service data for different vehicle types were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories and databases such as NITI Aayog, World Bank, FAME- India, SIAM, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.   

Key Target Audience:

• Electric Two Wheeler manufacturers, distributors and dealers
• Associations, organizations, forums and alliances related to electric Two Wheelers
• 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 Voltage Capacity:
• 48-59V
• 60-72V
• 73-96V
• Above 96V
• Market, by Battery Type:
• Lead Acid
• Li-ion
• Market, by Motor Placement:
• Hub Type
• Chassis Mounted
• Market, by Region:
• North
• South
• East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India electric two wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players.