India Electric Two-Wheeler Market (2025-2031) | Forecast, Industry, Outlook, Trends, Competitive Landscape, Segmentation, Companies, Value, Size & Revenue, Analysis, Growth, Share

India Electric Two-Wheeler Market Highlights

Topics Covered in the India Electric Two-Wheeler Market Report

India Electric Two-Wheeler Market report thoroughly covers the market By Vehicle Type, By Battery Type, By Speed Type, By Regions, and By Service Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Electric Two-Wheeler Market Synopsis

India Electric Two-Wheeler Market Growth can be attributed to various factors such as the growing government initiatives to promote clean energy and reduce pollution, rising fuel prices and increasing focus on sustainable transportation solutions.

According to 6Wresearch, the India Electric Two-Wheeler Market Size is expected to reach a significant CAGR of 30% during the forecast period 2025-2031. One of the main reasons for this is the growing awareness about environmental concerns and the need for sustainable transport options. With rising pollution and depleting natural resources, more and more people are looking for alternative modes of transport that have a much lower impact on the environment. Another factor driving the growth of India's electric two-wheeler market is government initiatives and policies promoting electric vehicles. The Indian government has set ambitious targets for the electrification of vehicles in its National Electric Mobility Mission Plan (NEMMP) and will provide incentives and subsidies to both manufacturers and consumers, making electric two-wheelers a more attractive and useful option.

India's electric two-wheeler market needs to address several issues to reach its full potential. The biggest challenge facing India's electric two-wheeler market is that these vehicles are very expensive compared to conventional petrol and diesel-powered vehicles. The initial price of an electric two-wheeler is quite high, making it unaffordable for many consumers. The main reason for this could be the high cost of batteries and other components used in these vehicles.

India Electric Two-Wheeler Market Trends

India Electric Two-Wheeler Industry has witnessed remarkable growth in the recent years and the growth is expected to continue well in the coming years as well. One of the key trends driving the growth of this market is the shift towards electric mobility. With the increased focus on reducing carbon emissions and addressing climate change, many countries, including India, have set significant goals for the electrification of their transport sector. The demand for electric two-wheelers in India is on the rise. Another trend that is expected to shape India's electric two-wheeler market in the coming years is the growing awareness and popularity of e-commerce and last-mile delivery services.

Investment Opportunities in the India Electric Two-Wheeler Market

India Electric Two-Wheeler Market Share has growing awareness about environmental sustainability, rising fuel prices, and government initiatives promoting clean energy have led to a significant increase in the demand for electric two-wheelers in India. A major factor driving the growth of the electric two-wheeler market in India is its affordability. Electric two-wheelers are priced lower than petrol-powered vehicles, making them affordable for a wider range of communities. This has also led to a rise in demand among rural and semi-urban populations, where there is a great need for affordable and efficient transport options.  Another big opportunity for investment in this market lies in the development of charging infrastructure.

Leading Players in the India Electric Two-Wheeler Market

The leading players in this market include both domestic and international companies that have made a strong presence in India. Some of the major players are Hero Electric, Okinawa Auto tech Pvt. Ltd., Ather Energy, Ampere Vehicles Pvt. Ltd. and Revolt Motors. These companies offer a wide range of electric two-wheelers from scooters to motorcycles at different price points and technologies. Hero Electric is one of the oldest companies and the first choice in the Indian electric two-wheeler market, having made its presence felt in 2007. The company has a strong position of electric scooters and bikes that cater to the needs of both urban and rural areas. It also provides continuous after-sales service and maintenance, insurance across the country.

Government Regulations

Government regulations have also played a key role in boosting the growth of this market. Starting from 2025, the Indian government has launched several initiatives and policies to promote and boost the adoption of electric vehicles (EVs) in the country. One of the key regulations is the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, which provides incentives and subsidies for EV buyers. This has made electric two-wheelers more affordable for consumers, leading to an increase in sales. Another important regulation has made it mandatory for all two-wheeler manufacturers to produce a fixed percentage of their vehicles as electric by 2025. This move by the government has encouraged traditional two-wheeler companies to invest and develop their own electric vehicles, further boosting the market growth. Apart from this, the Indian government is also investing heavily in creating charging infrastructure across the country. This will address one of the first concerns of EV buyers – range anxiety – and make it more convenient for them to switch to electric two-wheelers.

Future Insights of the India Electric Two-Wheeler Market

The electric two-wheeler market in India has been growing steadily in recent years and is expected to grow rapidly in the future. With growing concerns about pollution and climate change, the demand for eco-friendly transportation options is increasing. This has led to a significant increase in the popularity of electric two-wheelers in India. One of the key drivers of the electric two-wheeler market in India is the growing demand for eco-friendly transportation solutions. With growing awareness about the ill effects of climate change and pollution, more and more people are giving more importance to electric vehicles as a green alternative to conventional fuel-powered vehicles.

Market Segmentation Analysis 

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Scooters to dominate the market- By Vehicle Type

Scooters have traditionally been the more popular choice in India, especially among women and younger riders. With a sleek design and lower seat height, scooters are easier to handle and navigate through congested city streets.

Lithium-ion to dominate the market- By Battery Type

Lithium-ion batteries are dominating the Indian electric two-wheeler market. This can be attributed to their higher energy density, longer lifespan, and faster charging time compared to traditional lead-acid batteries.

High Speed to dominate the market- By Speed Type

The India electric two-wheeler market is currently dominated by the high speed segment, which accounts for the majority of sales. This can be attributed to its higher performance, longer range and overall better user experience compared to low-speed electric vehicles.

Eastern region to dominate the market- By Regions

According to Ravi Bhandari, Research Head, 6wresearch, The Eastern region of India has been leading the growth in the electric two-wheeler market. The increase in demand for environmentally friendly and cost-effective transportation options has contributed to the rise of electric two-wheelers in this region.

Subscription Model to dominate the market- By Service Type

The subscription model is expected to lead the best performance in the India electric two-wheeler market by 2025. This can be attributed to changing consumer preferences towards sustainable transportation options and increasing government initiatives towards promoting electric vehicles.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Historical data & Forecast of India Electric Two-Wheeler Market Revenues and Volume for the Period 2021-2031F
• Historical data & Forecast of India Electric Two-Wheeler Market Volume, By Speed, for the Period 2021-2031F
• Historical data & Forecast of India Electric Two-Wheeler Market Revenues and Volume, By Vehicle Type, for the Period 2021-2031F
• Historical data & Forecast of India Electric Two-Wheeler Market Revenues, By Battery Type, for the Period 2021-2031F
• Historical data & Forecast of India Electric Two-Wheeler Market Revenues, By Regions, for the Period 2021-2031F
• Forecast of India Electric Two-Wheeler Battery Swapping Market Revenues for the Period 2021E-2031F
• Forecast of India Electric Two-Wheeler Battery Swapping Market Revenues, By Service Type, for the Period 2021E-2031F
• India Electric Two-Wheeler Market on Drivers and Restraints
• India Electric Two-Wheeler Market Trends
• India Electric Two-Wheeler Market Ecosystem
• India Construction Equipment Industry Life Cycle
• Porter’s Five Force Analysis
• India Electric Two-Wheeler Market Opportunity Assessment
• India Electric Two-Wheeler Market Volume Share, By Company
• India Electric Two-Wheeler Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The market report has been segmented and sub-segmented into the following categories:

By Vehicle Type

• Scooters
• Motorcycle

By Battery Type

• Lithium-Ion
• Lead Acid

By Speed Type

• Low Speed (Below 25 km/h)
• High Speed (Above 25 km/h)

By Regions

• Eastern
• Western
• Northern
• Southern

By Service Type

• Subscription Model
• Pay-Per-Use Model