India Electric Two-Wheeler Market

Industry Overview

The India Electric Two-Wheeler Market is predicted to grow at 45.0% CAGR during the forecast period with its fleet size reaching 635.9 thousand units by 2030.

The Indian market is primarily driven by the as large population and supportive government regulations. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in India. The market has witnessed significant demand for these products over the last few years with the increasing per capita income, increasing awareness for curbing vehicular emissions, and the development of smart cities.

India Electric Two-Wheeler Market Report Coverage

Report Metric	Details
Historical Period	2018 - 2023
Base Year Considered	2024
Forecast Period	2025 - 2030
Market Size in 2023	U.S.D.  xx Units
Revenue Forecast in 2030	U.S.D.   635.9 thousand units Units
Growth Rate	45.0%
Segments Covered in the Report	By Product, By Battery Type, By Battery Technology, and By Voltage
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	India

India Electric Two-Wheeler Industry Dynamics

India Electric Two-Wheeler Market Trends/ Growth Drivers

The electric two-wheeler (e2W) market in India is experiencing significant growth, driven by a combination of policy support, changing consumer preferences, environmental concerns, and advancements in technology. The Indian government has introduced an initiative the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme, that offers subsidies to reduce the upfront cost of electric vehicles (EVs). The key trends and growth drivers in the Indian electric two-wheeler market are GST reduction, State-specific policies, environmental awareness and sustainability, rising awareness of environmental issues, government commitment to net-zero emissions by 2070, lower operating costs, cost parity with internal combustion engine (ICE) and rising fuel prices, battery swapping models, consumer preferences and urbanization and battery Technological improvements are contributing to longer ranges, faster charging times, and improved durability of electric two-wheelers. 

India Electric Two-Wheeler Market Restraints

However, the high cost of the battery and thus of electric vehicles, and comparatively poor performance of electric vehicles for Indian roads when compared to conventional fuel-operated vehicles are the major factors hindering the growth of the Indian electric two-wheelers market.

India Electric Two-Wheeler Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the India Electric Two-Wheeler Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on product, battery type, battery technology and voltage.

Insight by Product

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters hold the largest share in the Indian market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period. E-motorbikes also called electric motorcycles are plug-in electric vehicles, that function similarly to a traditional motorcycle but make use of electricity in place of gasoline. The e-motorbikes have a slightly higher speed compared to e-bikes and e-scooters, which are generally more than 50km/hr.

Insight by Battery Type

Based on battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in electric two-wheelers in India. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Indian electric two-wheelers market.

Insight by Battery Technology

Based on battery technology, the market is categorized into removable batteries and non-removable batteries. Of both categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plug in and charge batteries instead of removing and charging indoors.

Insight by Voltage

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheelers hold the largest share in the Indian electric two-wheeler market, followed by 36V two-wheelers. Most of the e-scooters run with a battery of 48V which provides optimum power to perform better in the congested metropolitan cities of the country.

India Electric Two-Wheeler Market: Geographic Overview

There is high adoption in metropolitan cities of India. The market in tier 2 and 3 cities is also seen growing due to affordability and increasing awareness among the consumers. In rural areas, there is gradual adoption which is driven by affordable models and subsidies.

India Electric Two-Wheeler Market Competitive Insight

HERO Electric is a pioneer and market leader in the Indian Electric Two- Wheeler Industry that provides Eco-friendly and Cost-effective mode of personalized transportation with its diverse range of Electric Two-Wheelers. These High Range and High Speed Electric Two-Wheelers are manufactured in its state-of-the-art manufacturing facility at Ludhiana and has a widespread network of Exclusive Sales and Service outlets all over the country.

Okinawa Autotech is an Indian electric vehicle company that is headquartered in Gurgaon, Haryana.

The India Electric Two-Wheeler Market report offers a comprehensive market segmentation analysis and estimates for the forecast period 2025–2030.

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

1.1.  The Report Offers

1.2.  Market Coverage

1.2.1. By Product

1.2.2. By Battery Type

1.2.3. By Battery Technology

1.2.4. By Voltage

1.3.  Research Phases

1.4.  Limitations

1.5.  Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1.  By Product

3.1.1. E-Scooters

3.1.2. E-Bikes

3.1.3. E-Motorbikes

3.1.4. Others

3.2.  By Battery Type

3.2.1. Sealed Lead Acid

3.2.2. Li-ion

3.2.3. Ni-MH

3.3.  By Battery Technology

3.3.1. Non-removable/Plugin

3.3.2. Removable

3.4.  By Voltage

3.4.1. 24V

3.4.2. 36V

3.4.3. 48V

3.4.4. 60V

3.4.5. 72V

4. Industry Overview

4.1.  Industry Dynamics

4.1.1. Major Drivers

4.1.2. Major Restraints

4.1.3. Key Trends

4.1.4. Key Opportunities

4.2.  Industry Ecosystem

4.2.1. Value Chain Analysis

4.2.2. Regulatory Framework

4.3.  Competitive Insight

4.3.1. Competitive Analysis of Key Players

4.3.2. Market Attractive Analysis

5. India Market Estimate and Forecast

5.1.  By Product

5.2.  By Battery Type

5.3.  By Battery Technology

5.4.  By Voltage

6. Company Profiles

6.1.  Yadea Technology Group

6.1.1. Snapshot

6.1.2. Overview

6.1.3. Offerings

6.1.4. Financial Insight

6.1.5. Recent Developments

6.2.  Hero Electric Vehicles Pvt. Ltd.

6.2.1. Snapshot

6.2.2. Overview

6.2.3. Offerings

6.2.4. Financial Insight

6.2.5. Recent Developments

6.3.  Okinawa Autotech Pvt. Ltd.

6.3.1. Snapshot

6.3.2. Overview

6.3.3. Offerings

6.3.4. Financial Insight

6.3.5. Recent Developments

6.4.  Ather Energy

6.4.1. Snapshot

6.4.2. Overview

6.4.3. Offerings

6.4.4. Financial Insight

6.4.5. Recent Developments

6.5.  Spero Electric

6.5.1. Snapshot

6.5.2. Overview

6.5.3. Offerings

6.5.4. Financial Insight

6.5.5. Recent Developments

6.6.  Lohia Auto Industries

6.6.1. Snapshot

6.6.2. Overview

6.6.3. Offerings

6.6.4. Financial Insight

6.6.5. Recent Developments

7. Appendix

7.1.  Exchange Rates

7.2.  Abbreviations

Note: Financial insights and recent developments are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 India Electric Two-Wheeler Market Size, By Product, thousand units (2018 – 2023)

Table 5 India Electric Two-Wheeler Market Size, By Product, thousand units (2025 – 2030)

Table 6 India Electric Two-Wheeler Market Size, By Product, USD Billion (2018 – 2023)

Table 7 India Electric Two-Wheeler Market Size, By Product, USD Billion (2025 – 2030)

Table 8 India Electric Two-Wheeler Market Size, By Battery Type, thousand units (2018 – 2023)

Table 9 India Electric Two-Wheeler Market Size, By Battery Type, thousand units (2025 – 2030)

Table 10 India Electric Two-Wheeler Market Size, By Battery Type, USD Billion (2018 – 2023)

Table 11 India Electric Two-Wheeler Market Size, By Battery Type, USD Billion (2025 – 2030)

Table 12 India Electric Two-Wheeler Market Size, By Technology, thousand units (2018 – 2023)

Table 13 India Electric Two-Wheeler Market Size, By Technology, thousand units (2025 – 2030)

Table 14 India Electric Two-Wheeler Market Size, By Technology, USD Billion (2018 – 2023)

Table 15 India Electric Two-Wheeler Market Size, By Technology, USD Billion (2025 – 2030)

Table 16 India Electric Two-Wheeler Market Size, By Voltage, thousand units (2018 – 2023)

Table 17 India Electric Two-Wheeler Market Size, By Voltage, thousand units (2025 – 2030)

Table 18 India Electric Two-Wheeler Market Size, By Voltage, USD Billion (2018 – 2023)

Table 19 India Electric Two-Wheeler Market Size, By Voltage, USD Billion (2025 – 2030)

Table 20 Snapshot – Yadea Technology Group

Table 21 Snapshot – Hero Electric Vehicles Pvt. Ltd.

Table 22 Snapshot – Okinawa Autotech Pvt. Ltd.

Table 23 Snapshot – Ather Energy

Table 24 Snapshot – Spero Electric

Table 25 Snapshot – Lohia Auto Industries

List of Figures

Figure 1 Market Coverage

Figure 2 Research Phases

Figure 3 Secondary Sources for Different Parameters

Figure 4 Methodology

Figure 5 Data Mining & Exploration

Figure 6 Data Triangulation

Figure 7 Assumptions for Market Estimation and Forecast

Figure 8 India Electric Two-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 India Electric Two-Wheeler Market Highlight

Figure 12 India Electric Two-Wheeler Market Size, By Product, thousand units (2018 - 2030)

Figure 13 India Electric Two-Wheeler Market Size, By Product, USD Billion (2018 - 2030)

Figure 14 India Electric Two-Wheeler Market Size, By Battery Type, thousand units (2018 - 2030)

Figure 15 India Electric Two-Wheeler Market Size, By Battery Type, USD Billion (2018 - 2030)

Figure 16 India Electric Two-Wheeler Market Size, By Technology, thousand units (2018 - 2030)

Figure 17 India Electric Two-Wheeler Market Size, By Technology, USD Billion (2018 - 2030)

Figure 18 India Electric Two-Wheeler Market Size, By Voltage, thousand units (2018 - 2030)

Figure 19 India Electric Two-Wheeler Market Size, By Voltage, USD Billion (2018 - 2030)