India Electric Scooter and Motorcycle Market By

Industry Share, Revenue, Growth, Global Foresight

And Key Growth Drivers

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Due to the rising sales of electric scooters and motorcycles in the country, the Indian electric
scooter and motorcycle market is predicted to attain a revenue of $1,043.4 million in 2025.
The sales of electric two-wheelers are rising rapidly in India because of the increasing
environmental concerns, implementation of strict emission regulations, increasing government
support for automobile electrification, and the provision of various financial incentives by
both central and state governments on the purchase of electric vehicles in the country.
Because of these factors, 1,080.5 thousand units of electric motorcycles and scooters will be
sold in the country by the end of 2025. Moreover, the sales volume of these vehicles will grow
at a CAGR of 57.9% between 2020 and 2025.

The COVID-19 pandemic has caused a significant slowdown of the Indian electric scooter
and motorcycle market. The nationwide lockdown announced by the Indian government for
controlling the spread of the virus has massively hampered the sales of two-wheelers in the
country. While the government is expected to provide tax deferrals and financial support in
the near future, it is speculated that in the long run, the government will focus more on other
pressing economic and social issues. The International Monetary Fund (IMF) has announced
that a ‘deep recession’ would soon follow, with markets already cashing over 30% across the
globe. These factors are massively affecting the flow of investments, which are extremely
crucial in this capital-intensive industry.

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The Indian electric scooter and motorcycle market is advancing rapidly in Karnataka and
Delhi. This is because of the growing demand for two-wheeler mobility services by migrants,
the rising government support, the soaring environmental concerns being raised in the states,
and the increasing public preference toward eco-friendly modes of transportation such as
electric motorcycles and scooters over the conventionally used fuel-powered vehicles. Tamil
Nadu and Uttar Pradesh are predicted to be the two largest markets for electric two-wheelers
in India by 2025.

The Indian electric scooter and motorcycle market players are increasing focusing on
product launches for availing the benefits of the FAME-II (Faster Adoption and
Manufacturing of (Hybrid &) Electric Vehicles in India) scheme. According to the eligibility
criteria under the scheme, electric scooters must have a minimum top speed of 40 kmph and
minimum range of 80 km per charge.

Hero Electric Vehicles Pvt. Ltd.,Tunwal E-Vehicle India Pvt. Ltd., Ampere Vehicles Pvt. Ltd.
(Greaves Cotton Ltd.),Ather Energy Pvt. Ltd.,Bajaj Auto Ltd.,TWENTY TWO MOTORS
PVT. LTD. (22 KYMCO),TVS Motor Co. Ltd.,Okinawa Autotech Pvt. Ltd.,LOHIA AUTO
INDUSTRIES,Avon Cycles Ltd., and Electrotherm (India) Ltd. are some of the prominent
Indian electric scooter and motorcycle market players.

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Market Segmentation by Product
 Scooter
 Motorcycle
Market Segmentation by Battery Type
 Sealed Lead Acid
 Lithium-Ion (Li-Ion)
Market Segmentation by Voltage
 36 V
 48 V
 60 V
 72 V and others
Market Segmentation by Technology
 Removable
 Non-Removable
Market Segmentation by Maximum Speed
 <25 km/h
 25–50 km/h
 >50 km/h
Market Segmentation by Sales Channel
 Online
 Offline
Market Segmentation by Application
 Business-to-Business (B2B)

o Shared mobility
o Last-mile logistics
 Business-to-Customer (B2C)
Market Segmentation by State
 Uttar Pradesh Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Maharashtra Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 West Bengal Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Madhya Pradesh Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Gujarat Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Tamil Nadu Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Delhi Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Rajasthan Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Karnataka Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Haryana Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel
 Rest of India Electric Scooters and Motorcycles Market
o By product
o By battery type
o By voltage
o By technology
o By maximum speed
o By sales channel

This study covers

 Historical and the present size of the Indian electric scooter and motorcycle market
 Future potential of the market through its forecast for the period 2014-2025
 Major factors driving the market and their impact during the short, medium, and long
terms
 Market restraints and their impact during the short, medium, and long terms
 Recent trends and evolving opportunities for the market participants
 Historical and the present size of the market segments and understand their
comparative future potential
 Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
 Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
 Major players operating in the market and their service offerings
 Recent strategic developments by the major players in the market
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