Electric Two-Wheeler Market in India is expected to generate revenues of around $800 million by 2025 - Arizton

The electric two-wheeler market in India is expected to grow at a CAGR of over 44% during the period 2019-2025.

The electric two-wheeler market is an emerging market in India. The growth of the market is attributed to the availability of supportive government policies, the rising awareness towards the environment, increasing petrol price, and introduction of stringent emission norms.

Arizton's latest market research report considers the present scenario of the electric two-wheeler market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Electric Two-Wheeler Market in India - Dynamics

Here is the list of trends and drivers that are impacting the revenues and profitability in the electric two-wheeler market in India:

o Government-Industry Collaboration
o Advancement in Technology
o Increase in Affordability
o Increase in Government Initiatives
o Increase in Environmental Awareness

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Electric Two-Wheeler Market in India - Segmentation

This research report includes detailed market segmentation by technology, battery, vehicle, voltage, speed, and geography.

o Removable batteries are more in demand than non-removable ones as they provide charging at home. They are expected to be a gamechanger. The change to detachable batteries will double the country's speed toward electrification.
o A high-speed lithium-ion battery-powered scooter or motorcycle costs two times than a low-speed lead-acid battery strapped version. Therefore, due to the low cost of manufacturing, manufacturers continue to produce electric two-wheelers based on lead-acid batteries, thereby driving the segment growth.
o As consumers are reluctant to buy EV because of low-power capacities, the demand for 72V and above batteries is likely to grow in the future. With the introduction of several incentives and initiatives by the Government of India, battery costs will decrease, and the demand is expected to increase in high-range electric two-wheelers.

Market Segmentation by Technology
o Removable
o Non-removable
Market Segmentation by Battery
o Lithium-ion
o Lead Acid
Market Segmentation by Vehicle
o Scooters
o Motorcycles
Market Segmentation by Voltage
o 48V
o 60V
o 72V& Above
Market Segmentation by Speed
o High
o Low

Electric Two-Wheeler Market in India - Geography

The long-term investment in research and development of electric two-wheelers is expected to create more robust growth during the forecast period and beyond. The recent Paris Agreement enforced in November 2016 provides a limit to carbon dioxide emissions to control global warming and threats of climate change. Electrification of the automotive industry aims at achieving the set objectives by decarbonizing the transport system. There are 10 states and union territories that are leading the way in building production, infrastructure, and services to increase the momentum of electric vehicle usage in India. These states and union territories include Andhra Pradesh, Bihar, Delhi, Karnataka, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttarakhand, and Uttar Pradesh.

Market Segmentation by Geography
o India
o Eastern
Bihar
Odisha
West Bengal
Assam
Others
o Western
Gujrat
Maharashtra
Rajasthan
Madhya Pradesh
Others
o Northern
Uttar Pradesh
Haryana
Delhi
Uttarakhand
Others
o Southern
Karnataka
Tamil Nadu
Kerala
Telangana
Andhra Pradesh

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Electric Two-Wheeler Market in India - Vendor Landscape

The Indian electric two-wheeler market is highly competitive market with various regional and local players. Majority share of the market is captured by the companies such as Hero Electric (Ather Energy), Ampere, Okinawa, and many others. To maintain competitive edge with other players in the market, the players are focusing on developing innovative products and increasing their product portfolios by making huge investments in R&D activities. Although the established players dominate the market, the growth opportunities for other regional and local players also exists as they target the low-end markets or cities by producing products at a cheaper cost.

Vendors
o Bajaj Auto
o Okinawa
o Menza Motors
o Lohia
o Ather Energy
o Hero Electric
o BattRe Electric Mobility
o Avon Cycles
o Ultraviolette
o YoBykes
o Avera
o Crayon Motors
o Techo Electra
o Goreen e-mobility
o M2GO
o Evolet
o Raftaar
o Palatino
o Komaki
o SuperEco
o Yukie
o Ampere Vehicles
o 22 Kymco

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About Arizton Advisory & Intelligence

Arizton - Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including -Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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This release was published on openPR.