India Electric Scooters and Motorcycles Market Analysis and Forecast to 2023

  • ID: 4435236
  • Report
  • Region: India
  • 53 pages
  • P&S Market Research
1 of 4

FEATURED COMPANIES

  • Ampere Vehicles Pvt Ltd.
  • Avon Cycles Ltd
  • Electrotherm (India) Ltd.
  • Lohia Auto Industries
  • MORE
Increasing pollution awareness among people and increasing government support in the form of subsidies are the key factors driving the growth of the market.

Electric scooters and motorcycles use electric battery for propulsion and do not produce any emissions. Moreover, these electric two-wheelers are virtually silent and do not cause noise pollution. Electric two-wheelers can manoeuvre through congested streets; can be charged from traditional wall outlets and can have a removable battery.

Insights on Market Segments:

As per the findings of research, electric scooters occupied the larger share of the market, however, the share of electric motorcycles is expected to grow in future. India would follow tough emission norms Bharat Stage (BS)-VI, from the current BS-IV, by 2020, skipping the BS-V. Such policies or initiatives to curb pollution levels in the country promises a positive regulatory environment for electric two-wheelers industry in coming years.

On the basis of battery type, lead acid battery powered electric scooters accounted for a majority share in India electric scooters and motorcycles market, owing to their cheaper price. However, the share of Lithium-ion powered electric scooters is expected to increase significantly by 2025 due to the declining prices of Lithium-ion batteries and its advantages over lead acid battery. On the basis of voltage, the 48V batteries are the most commonly used batteries in electric scooters in India. With high end electric scooters and motorcycles expected to be launched in the country, the share of high voltage batteries (such as 60V) would increase in future. On the basis of technology, plug-in accounts for a majority of sales in the country. It is predicted that the share of battery based electric scooters would increase in the forecast period.

Stringent emission norms expected to benefit the India electric scooters and motorcycles market:

Stringent emission norms would increase the prices of conventional vehicles making the electric vehicles more viable to opt. Moreover, a positive regulatory environment is expected in future to support the sale of electric vehicles.

Bharat Stage (BS) norms which are currently prevalent in India are similar to the Euro norms of European Union (EU) countries. For instance, BS IV norms of India (implemented in 2017) is similar to Euro IV norms in EU countries. While India started late but took just 11 years to reach BS IV, compared to 18 years taken by EU. Moreover, the government plans to jump directly to BS VI by 2020, skipping BS V. These stringent emission norms are in line with the commitments made by India at the Climate Change Conference in Paris in 2015. Government focus to curb the pollution levels in the country promises a positive regulatory environment for electric scooters and motorcycles industry in coming years.

Consolidated Market Structure:

The research states that the India electric scooters and motorcycles market is consolidated, where Hero Electric has been the leading player in the historic period due to good brand recognition and extensive distribution network. Other important players in India electric scooters and motorcycles market includes Avon, Lohia Auto, and Electro-therm which offers electric scooters with a brand name Yo Bikes. The remaining players in this industry are small and privately-owned companies, such as Ampere Vehicles.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Ampere Vehicles Pvt Ltd.
  • Avon Cycles Ltd
  • Electrotherm (India) Ltd.
  • Lohia Auto Industries
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Battery Type
1.3.3 Market Segmentation by Voltage
1.3.4 Market Segmentation by Technology
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Data Triangulation
2.4 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
4.1.2 By Battery Type
4.1.2.1 Sealed lead acid
4.1.2.2 Li-ion
4.1.3 By Technology
4.1.3.1 Plug-in based
4.1.3.2 Battery based
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Lithium ion (Li-ion) battery powered electric two-wheelers to gain share
4.3.1.2 E-commerce to compensate for the lack of distribution networks
4.3.2 Drivers
4.3.2.1 Stringent emission norms
4.3.2.2 Government subsidy
4.3.2.3 Rising environmental awareness
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of awareness about electric two-wheelers
4.3.3.2 Sub-standard products affecting the customer perception about electric two-wheelers
4.3.3.3 Lack of charging infrastructure
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 New age electric scooters expensive, but a positive sign for the market
4.4 Porter's Five Forces Analysis
4.4.1 Intensity of Rivalry
4.4.2 Threat of new entrants
4.4.3 Bargaining Power of Buyers
4.4.4 Bargaining Power of Suppliers
4.4.5 Threat of substitutes

5. Market Size and Forecast
5.1 India Electric Scooter and Motorcycle Market, by Product
5.2 India Electric Scooter and Motorcycle Market, by Battery Type
5.3 India Electric Scooter and Motorcycle Market, by Voltage
5.4 India Electric Scooter and Motorcycle Market, by Technology

6. Competitive Landscape
6.1 Market Share Analysis of Key Players

7. Company Profiles
7.1 Hero Electric Vehicles Pvt. Ltd.
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Hero MotoCorp Ltd Key Financial Summary
7.2 Electrotherm (India) Ltd.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Electrotherm (India) Ltd Key Financial Summary
7.3 Avon Cycles Ltd
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 Ampere Vehicles Pvt Ltd.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Lohia Auto Industries
7.5.1 Business Overview
7.5.2 Product and Service Offerings

8. Appendix
8.1 Abbreviations
8.2 Related Reports

List of Tables:

Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 India Electric Scooter And Motorcycle Market, By Product, ‘000 Units (2013 - 2016)
Table 5 India Electric Scooter And Motorcycle Market, By Product, ‘000 Units (2017 - 2025)
Table 6 India Electric Scooter And Motorcycle Market, By Product, $M (2013 - 2016)
Table 7 India Electric Scooter And Motorcycle Market, By Product, $M (2017 - 2025)
Table 8 India Electric Scooter And Motorcycle Market, By Battery Type, ‘000 Units (2013 - 2016)
Table 9 India Electric Scooter And Motorcycle Market, By Battery Type, ‘000 Units (2017 - 2025)
Table 10 India Electric Scooter And Motorcycle Market, By Battery Type, $M (2013 - 2016)
Table 11 India Electric Scooter And Motorcycle Market, By Battery Type, $M (2017 - 2025)
Table 12 India Electric Scooter And Motorcycle Market, By Voltage, ‘000 Units (2013 - 2016)
Table 13 India Electric Scooter And Motorcycle Market, By Voltage, ‘000 Units (2017 - 2025)
Table 14 India Electric Scooter And Motorcycle Market, By Voltage, $M (2013 - 2016)
Table 15 India Electric Scooter And Motorcycle Market, By Voltage, $M (2017 - 2025)
Table 16 India Electric Scooter And Motorcycle Market, By Technology, ‘000 Units (2013 - 2016)
Table 17 India Electric Scooter And Motorcycle Market, By Technology, ‘000 Units (2017 - 2025)
Table 18 India Electric Scooter And Motorcycle Market, By Technology, $M (2013 - 2016)
Table 19 India Electric Scooter And Motorcycle Market, By Technology, $M (2017 - 2025)
Table 20 Hero Electric Vehicles Pvt. Ltd. - At A Glance
Table 21 Electrotherm (India) Ltd. - At A Glance
Table 22 Avon Cycles Ltd - At A Glance
Table 23 Ampere Vehicles Pvt Ltd - At A Glance
Table 24 Lohia Auto Industries - At A Glance

List of Figures:

Figure 1 Research Scope
Figure 2 Research Methodology
Figure 3 Breakdown Of Primary Research By Industry Participant
Figure 4 Breakdown Of Primary Research By Company Type
Figure 5 Data Triangulation Approach
Figure 6 India Electric Scooters And Motorcycles Market Summary
Figure 7 Value Chain Analysis Of Indian Electric Scooters And Motorcycles Market
Figure 8 Porter's Five Forces Analysis
Figure 9 India Electric Scooter And Motorcycle Market, By Product, ‘000 Units (2013 - 2025)
Figure 10 India Electric Scooter And Motorcycle Market, By Battery Type, ‘000 Units (2013 - 2025)
Figure 11 India Electric Scooter And Motorcycle Market, By Voltage, ‘000 Units (2013 - 2025)
Figure 12 India Electric Scooter And Motorcycle Market, By Technology, ‘000 Units (2013 - 2025)
Figure 13 India Electric Scooters And Motorcycles Market Share Of Key Players (2016)
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Ampere Vehicles Pvt Ltd.
  • Avon Cycles Ltd
  • Electrotherm (India) Ltd.
  • Hero Electric Vehicles Pvt. Ltd.
  • Lohia Auto Industries
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll