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:
- Market, by Motor Placement:
- Market, by Region:
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