Electric Two Wheeler Market In India

With multiple brands including large scale manufacturers introducing products in the segment we expect it to further improve.

Electric two wheeler market in india.

Increasing government initiatives increasing urbanization are the key factors fueling the growth of the electric two wheelers market in india. India two wheeler market by vehicle type motorcycle scooter moped electric two wheeler by engine capacity 100cc 100 125cc 150 180cc 180 250cc 250 500cc 500cc competition forecast opportunities fy2013 fy2023. The electric two wheeler market in india is emerging on account of increased government policies supporting battery powered vehicles the growing awareness toward the environment increasing. India electric two wheeler market can be classified on the basis of battery type vehicle type voltage capacity and by region.

Lead acid accounted for the largest share and the segment will continue to dominate during the forecast period as well. Government has recently proposed a new plan of making all two wheelers up to 150cc electric by 2025 which contributes 90 per cent of the total two wheeler market in india. India is the world s. Although we must point out that the last couple of years have seen some really good electric scooters and bikes enter the market at an affordable price point and have decent service back up as well.

Based on the battery type the market can be segmented into lithium ion and lead acid. India electric two wheelers market highlight. The number of electric two wheelers across india was projected to cross the 26 million units mark in 2030. Is there room for 50 players in india s still very nascent electric two wheeler industry.

The answer s certainly no. India is yet to warm up to the idea of electric two wheelers. In 2018 indian government confirmed subsidies for all type of electric vehicles.