BlueWeave Consulting India Electric Two-Wheeler Market Expected to Grow

India Electric Two-Wheeler Market, By Vehicle Type, By Battery Type,
By Voltage, By Technology, By Region, Size and Forecast, 2014-2025
Air pollution concerns among the public is specifically forcing the automotive industry to decrease
carbon footprint which supporting the necessity of the vehicle with alternative fuel. According to a new
market report published by BlueWeave Consulting, The India Electric Two-Wheeler Market is expected
to expand at a CAGR of over 40% from 2018 to 2025, end of the forecast period. New entrants and
various unorganized players are expected to disrupt the market
Stringent emission norms expected to benefit the India electric scooters and motorcycles market.
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The electric two-wheeler market is mainly driven by strict emission norms and regulations, government
incentives, and increasing environmental awareness. The emissions from conventional gasoline based
vehicles cause environmental degradation. The government has started various measures for regulating
carbon emissions, thereby indirectly driving the sales of electric scooters and motorcycles in the
country. Moreover, the government also prolongs its support for these vehicles in the form of subsidies,
thus, encouraging the adoption of these vehicles, as ‘good replacement’ of old conventional ones.
Indian Electric Two-Wheeler market is growing significantly on account of government support and
several subsidies under its “FAME India” schemes, which support faster adoption of electric two-
wheelers in the country. Market anticipation about the more favorable environment for the
development of electric two-wheelers industry under “FAME-II” is also expected to aid the electric two-
wheeler market in India in the coming years. The increasing number of electric two-wheeler
manufacturers in India and their escalating focus on research & development to manufacturing
technologically advanced and affordable electric two-wheelers is further expected to drive the Indian
electric two-wheeler market over the forecast period.
India Electric Two-Wheeler Market: Scope of the Report
The India Electric Two-Wheeler market is segmented on the basis of Vehicle type, Battery type,
Technology, and Voltage capacity. On the basis of Vehicle type, the market is segmented into Scooter
and Motorcycle. On the basis of battery type, the market is segmented into Lead Acid Battery and
Lithium-ion Battery. Based on Voltage the market is segmented in 36V, 48V, 60V and 72V. Based on
Technology, the market is further segmented into Battery Electric Vehicle and Plug-In Electric Vehicle.
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India Electric Two-Wheeler Market: Competitive Dynamics