Electric Two Wheelers Market in India

Electric two-wheelers constitutes of vehicles ranging from electric bicycles to electric scooters. It has emerged as increasingly popular and important means of urban transportation in major Asian countries. However, its popularity and adoption is found to be modest in Indian context. Electric vehicles, on the whole are slowly gaining momentum in India, irrespective of several challenges faced. Growth of Indian electric wheeler market is driven by concerns such as energy security & high crude oil price, demand for clean transportation, high urban congestion and government incentives. One of the major government scheme in this regard is FAME (Faster Adoption and Manufacturing of Electric (Hybrid) Vehicles) India scheme which offers incentives in the form of upfront reduced purchase price to the buyers of electric/ hybrid vehicles.

In spite of major industry growth drivers, some of the incumbents restraining industry’s growth include high initial cost of acquisition, issues related to batteries, low awareness level and lack of EV infrastructure. Government’s electric vehicle policy framework as well as public private support in faster adoption of electric vehicle in the nation is expected to upswing industry’s growth in India in the upcoming years.

The report titled “Global Electric Two Wheelers Market – Focus on India Market: Outlook 2021” provides detailed market analysis of global electric vehicle market with focus on Indian electric two wheeler market. Present scenario as well as forecasted market outlook for global as well as Indian E2W market up till 2021 is covered in the report. Furthermore, key industry players have been prudently analyzed in the competitive landscape section of the report in order to provide key comparative insights.

Major industry players in the Indian electric two wheeler space includes Hero Electric, Mahindra GenZe, Ampere Vehicles, Ather Energy, Ultra Motors, Tork Motorcycles, TVS Motors, among others. Hero Electric, Mahindra GenZe, Ampere Vehicles and Ather Energy are profiled herein based on attributes such as business overview, product segments, etc. It also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in emerging Indian electric two wheelers market.

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