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.


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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.
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Brand Recall

4.2.    Factors Influencing Purchase Decision

4.3.    Influencer of Purchase

4.4.    Brand Satisfaction Level

4.5.    Challenges/Unmet Needs

5.       Government Initiatives

6.       India Electric Two Wheeler Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Vehicle Type (Electric Scooter and Electric Motorcycle)

6.2.2.By Voltage Capacity (48-59V, 60-72V, 73-96V & Above 96V)

6.2.3.By Battery Type (Lead and Li-ion)

6.2.4.By Motor Placement (Hub Type vs. Chassis Mounted)

6.2.5.By Company 

6.2.6.By Region

6.3.    Market Attractiveness Index (By Battery Type)

7.       India Electric Scooter Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Battery Capacity

7.2.2.By Battery Type

7.3.    Market Attractiveness Index (By Battery Type)

8.       India Electric Motorcycle Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Battery Capacity

8.2.2.By Battery Type

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Policy & Regulatory Landscape

11.   Market Trends & Developments

12.   Charging Infrastructure

13.   SWOT Analysis

14.   India Economic Profile

15.   Product Benchmarking & Pricing Analysis

16.   Qualitative Insights

17.   Competitive Landscape

17.1.  Hero Electric Vehicles Pvt. Ltd.

17.2.  Okinawa Autotech Pvt. Ltd.

17.3.  Electrotherm (India) Ltd.

17.4.  Lohia Auto Industries

17.5.  Avon Cycles Ltd.

17.6.  Ampere Vehicles Pvt Ltd

17.7.  Tunwal E-Bike India PVT. LTD

17.8.  NDS Eco Motors Private Limited

17.9.  Ather Energy Pvt. Ltd.

17.10.   Tork Motors Private Limited

18.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

     

    Figure 1: India Electric Two Market, By Motorcycle Brand VOC Break-Up (N=75)

    Figure 2: India Electric Two Wheeler Market, By Profession VOC Break-Up (N=75)

    Figure 3: India Electric Two Wheeler Market, By Male Vs Female VOC Break-Up (N=75)

    Figure 4: India Electric Two Wheeler Market, City-Wise VOC Break-Up (N=75)

    Figure 5: India Electric Two Wheeler Market, Age-Wise VOC Break-Up (N=75)

    Figure 6: India Electric Two Wheeler Market - Unaided Brand Recall (N=75)

    Figure 7: India Electric Two Wheeler Market - Aided Brand Recall (N=75)

    Figure 8: India Electric Two Wheeler Market - Factors Influencing Purchase Decision (N=75)

    Figure 9: India Electric Two Wheeler Market - Influencer of Purchase (N=75)

    Figure 10: India Electric Two Wheeler Market - Brand Satisfaction Level (N=75)

    Figure 11: India Electric Two Wheeler Market - Brand Satisfaction Level, By Performance (N=75)

    Figure 12: India Electric Two Wheeler Market - Brand Satisfaction Level, By Features (N=75)

    Figure 13: India Electric Two Wheeler Market - Brand Satisfaction Level, By Maintenance Cost (N=75)

    Figure 14: India Electric Two Wheeler Market - Brand Satisfaction Level, By Battery Life (N=75)

    Figure 15: India Electric Two Wheeler Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 16: India Electric Two Wheeler Market – Challenges/Unmet Needs (N=75)

    Figure 17: India Electric Two Wheeler Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 18: Recent Developments in India Electric Two Wheeler Market

    Figure 19: India Electric Two Wheeler Market Share, By Vehicle Type, By Volume, FY2013-FY2023F

    Figure 20: India Electric Two Wheeler Market Share, By Voltage Capacity, By Volume, FY2013-FY2023F

    Figure 21: Key Findings and Upcoming Models in India

    Figure 22: India Electric Two Wheeler Market Share, By Battery Type, By Volume, FY2013-FY2023F

    Figure 23: India Lead Acid Battery Market Size, By Value, 2013, 2018, 2019E & 2023F (USD Billion)

    Figure 24: India Electric Two Wheeler Market Share, By Motor Placement, By Volume, FY2013-FY2023F

    Figure 25: India Electric Two Wheeler Market Share, By Company, By Volume, FY2018

    Figure 26: India Electric Two Wheeler Market Share, By Region, By Volume, FY2018 & FY2023F

    Figure 27: India Electric Two Wheeler Market Attractiveness Index, By Battery Type, By Volume, FY2019E-FY2023F

    Figure 28: India Electric Scooter Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 29: India Electric Scooter Market Share, By Battery Capacity, By Volume, FY2013-FY2023F

    Figure 30: India Lead Acid Battery Market Share, By Application, By Value, 2018

    Figure 31: India Electric Scooter Market Share, By Battery Type, By Volume, FY2013-FY2023F

    Figure 32: India Lithium-ion Battery Trade Statistics, 2014-2018 (USD Million) (HS Code: 85076000)

    Figure 33: India Lithium-ion Battery Trade Statistics, 2014-2018 (USD Million) (HS Code: 85065000)

    Figure 34: India Electric Scooter Market Attractiveness Index, By Battery Type, By Volume, FY2019E-FY2023F

    Figure 35: India Electric Motorcycle Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2019E-FY2023F

    Figure 36: India Lithium-ion Battery Market Size, By Value, 2019E & 2023F (USD Million)

    Figure 37: India Electric Motorcycle Market Share, By Battery Capacity, By Volume, FY2019E-FY2023F

    Figure 38: Roads in India, FY2017 (%)

    Figure 39: Most Polluted Cities in India*, 2017

    Figure 40: India Electric Motorcycle Market Share, By Battery Type, By Volume, FY2019E-FY2023F

    Figure 41: India GDP Per Capita Income (USD), 2012-2016

     

    List of Tables

     

    Table 1: India Two Wheeler Subsidies Under FAME Scheme

    Table 2: Major Electric Two Wheeler Models with Hub Mounted Motor

    Table 3: India Two Wheeler Prices

    Table 4: India Electric Two Wheeler Market - Product & Pricing Analysis

    Table 5: Comparison Between Current ICE2 Wheeler and Electric Two Wheeler