The Indian Electric Two-Wheeler Market is Forecast to Grow at a CAGR of Around 25% During FY 2021 - FY 2026

Dublin, Nov. 04, 2020 (GLOBE NEWSWIRE) -- The "India Electric Two-Wheeler Market By Vehicle Type (Electric Scooter and Electric Motorcycle), By Voltage Capacity (48-59V, 60-72V, 73-96V & Above 96V), By Battery Type, By Motor Placement, Competition, Forecast and Opportunities, FY 2026F" report has been added to's offering.

In FY 2020, the Indian Electric Two-Wheeler Market stood around 152 thousand units in volume terms and is forecast to grow at a CAGR of around 25% during FY 2021 - FY 2026. According to WHO, air pollution is the becoming one of the leading causes of death in developing countries with deteriorating air quality. As a result of which, the county's government is offering subsidies on the purchase of electric two-wheeler by introducing schemes like Fame-1 and Fame-2. Furthermore, low speed electric two-wheeler does not require any registration from transport authority of the country, which is anticipated to positively influence the growth in the Indian Electric Two-Wheeler Market during the forecast period.

The Indian Electric Two-Wheeler Market can be classified on the basis of battery type, vehicle type, voltage capacity and by region. Based on the battery type, the market can be segmented into Lithium-Ion and Lead Acid. Lead Acid accounted for the largest share and the segment will continue to dominate during the forecast period as well. However, the penetration of Lithium-Ion segment is also expected to increase at a rapid pace in the coming years.

In terms of vehicle type, the market has been segmented into electric scooter and electric motorcycle. Electric scooter segment is dominating the electric two-wheeler market across the country and this trend is expected to continue over the course of next five years. Major players operating in the Indian Electric Two-Wheeler Market include Hero Electric, Okinawa Autotech Pvt. Ltd, Ampere Vehicles, Electrotherm India (Yo Bikes), among others.

Years considered for this report:

  • Historical Period: FY2016 - FY2019
  • Base Year: FY2020
  • Estimated Year: FY2021
  • Forecast Period: FY2022 - FY2026

The Objective of the Study:

  • To assess the demand-supply scenario of electric two-wheeler, which covers production, demand and supply of electric two-wheelers, across India.
  • To analyze and forecast the market size of electric two-wheeler market.
  • To classify and forecast the Indian Electric Two-Wheeler Market based on battery type, vehicle type, voltage capacity, and regional distribution.
  • To identify drivers and challenges for the Indian Electric Two-Wheeler Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Electric Two-Wheeler Market.
  • To conduct the pricing analysis for electric two-wheeler.
  • To identify and analyze the profile of leading players involved in the manufacturing of the Indian Electric Two-Wheeler Market.

Key Topics Covered:

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

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

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