India Electric Two-Wheeler Market 2019-2025

India Electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies along with increasing urbanization is the key factor to propel the growth of the electric-two wheelers market in India. In 2018, the Indian government had confirmed subsidies related to all types of electric vehicles. In 2015, the government of India had adopted the faster adoption and manufacturing of hybrid and EV (FAME) scheme with an outlay of $130 million, to provide subsidies for electric 2- and 3-wheelers, hybrid and e-cars, and buses. The adoption of such a scheme by the Indian government is anticipated to promote the adoption of electric two-wheelers in the country. However, the comparatively poor performance of electric vehicles for Indian roads in comparison to conventional fuel operated vehicles is a major factor that may hinder the growth of the Indian electric two-wheelers market.

The market is segmented on the basis of product type and battery type. Based on the product type, the market is sub-segmented into scooters and motorcycles. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries.

Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, and Ather Energy, among others, are some of the key players operating in the Indian electric two-wheelers market. The key players operating in the Indian two-wheeler industry are making huge investments for expansion of their production capacity to cater to the rising demand of the electric two-wheeler. For instance, in February 2018, Hero Electric announced to invest $109 million for its capacity expansion in the coming three to four years.

Research Methodology

The market study of the India Electric Two-Wheeler market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.

Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research-papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. India Electric Two-Wheeler Market Research and Analysis by Product Type

2. India Electric Two-Wheeler Market Research and Analysis by Battery Type

The Report covers:

Comprehensive research methodology of India Electric Two-Wheeler market.

This report also includes a detailed and extensive market overview with key analyst insights.

An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

Analysis of regional regulations and other government policies impacting India Electric Two-Wheeler market.

Insights about market determinants which are stimulating the India Electric Two-Wheeler market.

Detailed and extensive market segments with regional distribution of forecasted revenues.

Extensive profiles and recent developments of market players.